Well if you figure that as of 7-2 there were 16 million and change OS and since that date there has been 29,280,600 shares traded I guess a devil's advocate might say there might be as much as 45 million OS. That would give NXNO a market cap of about $414,000 as of today. Gonna guess that number is about half of that, maybe 25 million OS max or about $225,000.
I'm no lawyer or legal expert, but my un-professional opinion is that the lawsuit has merit and the Jaco response is typical pre-courtroom sparring back and forth. I think Jaco is unsure of the level of which Nexus' alleges that they impugned their ability to grow and secure contracts based on their CoAmerica line of credit, so for Jaco to admit at this point that Jaco did something wrong would not be in their best interst.
If you bought a restaurant then went in and found that it had inventory that was 3 years old then you'd be pissed too. I'd be pissed too if I ate there, lol.
So Nexus paid 9.25 million in cash (5.25 million from Series A preferred, a 2.75 million note to Jaco), which leaves 1.25 million funded through CoAmerica. The 1.25 million is the reason for the additional funding I think mentioned in the AWJ pr around the end of August.
So where do we go from here? Maybe a little more dilution? The accum/dist with the chart still rocks. Amazing that this closed below sub-penny today.
On the other hand, it really pisses me off that the TA is gagged. If NXNO has got the backlog and 5 year DOD contracts then lets f*ing see them or some proof that the company is worth more than a couple hundred thousand bucks. UnGAG the damn TA and get all the crap out of the dryer and lets sort it all out and see what's left. These little games with the TA being gagged are bullsh*t.
