Nexteligent Holdings Inc (NXGT)

[urge2surge]

So they've updated the filing and now they're clear to reveal news and or developments. On the surface, given the limited amount of info on potentially a new acquisition, we will have to wait on the details. It could be a LOI MOU as well, I'm not ruling that out. The share structures are tight but the financials, as we know are not great. But in fairness, they're better than a lot of OTC. Given the market cap and share structures, I'm still in the RM camp. Why? Because management bought up the notes and increased the restricted. I also believe that the announced buyback of shares has been completed, but they might announce additional shares to buy. Best case imo is the RM. The acquisition in the filing doesn't pass the smell test, and I'd consider it a failure to finalize a RM. I think it would also tell us what type of management is here, not that there hasn't been a clear demonstration of their credibility.
Good luck all