SHARE STRUCTURE: REALITY SPEAKS.
FROM 10K:
10% OR GREATER SHAREHOLDERS:
Braemar Limited 27,000,000 27.08%
27 Reid Street
Hamilton, Bermuda HM 11
Med Ventures Limited (2) 27,000,000 27.08%
27 Reid Street
Hamilton, Bermuda HM 11
All executive officers and directors 27,000,000 27.08%
as a group (7 persons)
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Breamar and Med ventures are wholly owned by the CEO and CFO (see regular Edgar fillings of change of ownerships since last April, indicating Who is selling shares). Which mean that 81% of the shares are the property of the board, 54% of which through off -shore accounts. That means that ONLY 19M shares belong to NXPN and the common shareholders to raise CAPITAL. That means that we, as shareholders, are Screwed: Members of the Board are steadily selling their shares for personal profit in the market, at a rate of $10,000 EACH per week in the last few months. This is basically a cash cow machine for the board members.
Note: I am not bashing, simply discoverig the truth too late for my own good. They got me for $5k, which isn't bad, but I admittedly hate to loose ANY money to guys like these.
Cheers.
