Nexus Energy Services Inc (IBGR)

[redwagon]

I don’t think we can blame longs for the majority of the selling, the OS increase explains most of it. Sad to see they decided to issue shares into the open market at .01 when they could have done a fraction of the number of shares over the past couple of years at .50, .40, .30, .20, .10, you get the idea.

I am just hoping the fire sale is to raise enough cash to pay for the audit, or close China, or hell even change the ticker and name. I’m sure the Beroe money is mostly in AR and not paid at once. It takes money to make money, and right now, since all deals (with the exception of maybe Beroe) have returned much less than expected, and that is why they have negative cash flow. I am certain Matt and Brian have been working on deals, and long run that is what DryWorld needs to make it, but FINRA and the Audit mean more to share price right now. If even one of those were done, they wouldn’t be issuing shares at .01, but more like .05 or higher. JMHO So the cost of not doing those is way more than the cost to get them completed. I imagine deals in talks have to be kept quiet until finalized, so I’m not mad about that. I believe that a few angry investors/flippers threats of suing and “reporting them to the SEC” have had a hand in the lack of sharing updates. I’m sure they feel that official PR’s and quarterly reports is their minimum requirement. I think they had several options for the financing of operations, and it looks as if they all went splat, so they are left with open market selling. It is easy to speculate when we get no info. Hopefully the secrecy of operations will end soon.

Frustrated but still long and positive.