Nexicon Inc. (fka NXCO)

[gymmer]

Waikiki_Kid,
In Nov 08, NXCO increased their authorized number of shares to 900 million. Prior to that the outstanding shares was 312.5 million. Now as daiello has stated, the outstanding shares is at 611 million. Every time the number of shares traded during the day are over 1 million, that is more then likely the company raising more money.

300,000,000 x 0.02 = $6,000,000 in stock sales

That's a lot of cash for a company that is making money. As a shareholder who will be faced with a reverse stock split in the future I would like to know what NXCO is doing with this money?

I'm going to venture a guess that it has nothing to do with releasing a product to the public like Tommy suggested in Nov 08. I'm betting it is paying the light bills and salaries.

"Imagine if you could see what your spouse is doing on the Internet, OR your kids, with the click of a button. What if you could buy this capability at your local Walmart or BestBuy? Stay tuned." Tommy Stiansen, Nov 6, 08.