NXXI Inc (fka NXXIQ)

[jackk_lutz]

After further review you are right about the part of there being no conversions..The filing simply transfers all of Holmes shares (both Preferred and Common) to Pharmachem which is actually his own company.
However, you were wrong when you stated that the common shares involved in this filing were purchased in cash.. There was no cash involved because the 3M + shares acquired were obtained from dividends for this past quarter on Holmes share of the Preferreds.
As for the remainder of the shares transferred these were not directly purchased either but simply show the amount of common shares owned if his Preferred Shares and Warrants were converted.
Pharmachem now is the owner of the 23M + shares and holds the 15.8% ownership in NXXI..Not Holmes personally..
I am now looking for Pharmachem to make a bid for the remaining shares of NXXI because they definitely want this company.