Nexus Energy Services Inc (IBGR)

[redwagon]

The share price had popped to .70 for just several days, so filling it at .50 would be no problem, but soon after, profit-taking and lack of follow through with FINRA and audited financials eroded the share price to where we sit today. The .50 RegA was not approved in time to fill that RegA, so as stated in the Corporate Update last week, Dryworld waited to see if, as they announced SLT, the Osprey Deal, etc, the share price would rebound and it did not. So they must need some cash right now, hence the restated .10 offer price. These shares do not go to random individuals, and there is no obligation by them to make them available to the public. They can pick and choose (and negotiate) with the investors on a price that meets both the amount Dryworld needs, and the amount RegA investors are will to pay. That is certainly settled by the time they posted yesterday. The share price dropped to about .30 soon after the RegA which caused the Reg A investors to balk and renegotiate. Dryworld hoped for a recovery but Barrett's ineptitude F'd Dryworld and us for the short term. I believe if they did not need at least a part of the RegA money to cement a deal or two very soon, they would continue to wait and push forward trying to increase share value and offer a RegA, if still needed, at a higher price.

Bottom line, I have a feeling once the RegA is approved, wire transfers will stream in at the bargain bottom pricing (.10) and soon after cash will be spent delivering on a new contract. JMHO