NXXI Inc (fka NXXIQ)

[jackk_lutz]

Again you are wrong Mary and very misleading with your statements..Perhaps it is simply that you are confused as to the rights of Preferred Shareholders..To set the record straight, I REPEAT.. Series J Preferred Shareholders have absolutely NO "legal right" to force bankruptcy onto NXXI..They are simply Preferred Shareholders and NOT Bondholders!!..The only right they have over Common Shareholders is that they have "first right" to any assets (behind any mortgagees) in case of liquidation and/or bankruptcy..They can't even vote on any company issues..
For your information NXXI is doing just fine now since they sold the retail portion of their business..Their constant positive EBITDA has proved that..They are in the process of acquiring many new ingredients customers with big pharma companies and with many others..They will have little or no difficulty in re-negotiating their Contract with Series J or possibly obtaining a cash loan to redeem their Preferred shares on 8/11..I'm sure Series J investors would not want to see NXXI go bankrupt anyway for fear that they would then not be able to recoup their investments in full..
As I said earlier there are possible other ways for Series J but I will not reveal them here..Therefore, my discussions on this topic with you have now ended..Thank you for your time..