NXXI Inc (fka NXXIQ)

[pumper_stumper]

""After further review you are right about the part of there being no conversions..""

Okay half the job is done. Now onto the next nut to crack

""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""

NO! Let me be clear. HOLMES PURCHASED THE SHARES IN CASH FROM THE SERIES J HOLDER AS PART OF A PURCHASE AGREEMENT. I could care less that the Series J holders received those shares without paying cash. That isn't and NEVER WAS the issue of this thread.

HOLMES PAID CASH FOR THE COMMON AS WELL AS SERIES J SHARES. THE SERIES J SHARES COME WITH WARRANTS WHICH WILL NEVER BE EXCERSISED BECAUSE THEY OFFER SHARES AT PRICES AROUND 100X TODAYS PRICES. PERIOD.