NXXI Inc (fka NXXIQ)

[jackk_lutz]

Haha..Again you are so WRONG!! I guess I need to educate here..
First of all, Holmes is not only after the assets and future business but also wants the NOLS..In order to get the NOLS he most likely will need to do a "Reverse Merger" and to do so He needs SHAREHOLDERS already in place!! If NXXI were not planning a Merger with Holmes they would have left their Threshold at 15%..(But then their "Poison Pill" in effect would have triggered causing massive dilution)..They didn't want that..By changing their Threshold to 30% they have allowed Holmes to purchase up to 30% and with Holmes 30% and the Insiders shares combined, they most likely will hold control with over 50%..We know from Holmes filing that he wanted and received his 7.7M shares from Midsummer which was shares due him in leiu of cash on his investment..Then, immediately he went onto the open market and purchased nearly 8M more..Between now and Sept. 11th Holmes will be gaining many more shares as his dividends but I still look for him to acquire more on the open market..
Now you can also see why Midsummer is getting quite worried because their goal was to unite ALL of the Preferred Shareholders (including Holmes) and get all Preferred Shares redeemed into Common Shares to gain the needed 51% majority..But it appears that Holmes has his own interest at stake..
There's much more but we'll leave it there for now..