Nexicon Inc. (fka NXCO)

[bluetickhound]

Those letters to the shareholders were written back when it seemed that the company had a future. Sam Glines was brought in with an eye toward moving the company forward and getting off the pink sheets. Some now say he was brought in to take the fall. To get off the pink sheets they needed to bring finanacial reporting up to date. The last financial reporting for this company goes back to FY2006. To bring the reporting to date they needed an auditor to to certify the accounting. Therein lies the rub. The creative people who ran the company apparently were creative in their accounting as well. Sam even tried a new set of auditors in hopes that a new look would help. They were not able to get off the pinks, and along with that were not able to secure financing. The company collaped. Sam Glines and Tommy Stiansen the Nexicon founder now have a new company.
http://www.norse-corp.com/?p=about&c=exec