Problem is, the same thing was said about Peter Mann's purchases at 37 cents by someone we both know. ("he wouldn't buy if it wasn't going higher", and "Peter knows". Do those ring a bell?)
How did that purchase work out? He thought the price was going to rise too of course.
If a person buying a stock is a reason for others to get bullish, you would then have to own every stock in the stock market because, each buyer "didn't purchase the shares on the open market if they did not think that the share price was going much higher!!"" And for every stock that traded today, there was a buyer.
You mention his purchase of shares even at 6 cents. How are those shares looking now? Someone paying 3x todays price for a stock is someone you want to follow? PLEASE! lol
Lastly can you tell me what was the date of the last insider purchase of NXXI's stock?? When I say INSIDER, I mean INSIDER, an exec or board member.