NXXI Inc (fka NXXIQ)

[pumper_stumper]

Once more, generic internet definitions do not cover Series J. Typical preferred stock does NOT require a repayment of the investment like series J requires. You obviously fail to understand that.

Jack, this concept of how the preferred works is MUCH more complex than simply reading a standard form 4. You read one and posted ridiculous interpretations of 1) warrants being executed, 2) Holmes having already received dividends on the purchase, and 3) claiming the filings showed the shares being purchased in cash. ALL OF WHICH were easily shown as incorrect.

If you can't interpret generic form 4's you certainly will not be able to understand Series J.

You can rant all you want, but this looming bankruptcy is the VERY REASON the auditors have required NXXI to put in their SEC filings:

"" If adequate funds are not available or are not available on acceptable terms, the Company will likely not be able to take advantage of unanticipated opportunities, develop or enhance services or products, respond to competitive pressures or continue as a going concern. There can be no assurance that in the future we can operate profitably or at all.""