Nexus Energy Services Inc (IBGR)

[redwagon]

I think there is a reason that they put out the update on revenue (besides the fact that they know we shareholders are foaming at the mouth for it) and did not wait to just publish it in the Q3 due out on August 15th. I believe that this $50k (Quarter-to-date) announcement was to signal that they now have the cash for either completing the audit or enough of a down payment to get it very much started. I'm am going to speculate that the money raised from the RegA ($60k minus the probably 10% fee) was also meant for the audit, but that an opportunity came up for a potential deal either near or midterm (maybe they needed it to close/fund a deal with Ronaldinho?) that was the money better spent. With limited cash, they have to pick and choose what to spend money on. If we were over .03 and they could raise a few hundred thousand or millions of dollars from the RegA, I think they would gladly have spent the money a while back for the audit. Nice thing about this $50k is that it is not a loan, it is reinvestment of revenue into the company. I would hope that within 30-60 days that we would either see a completed audit or at least an update as to a targeted completion date. JMHO