Nexus Energy Services Inc (IBGR)

[naturalborninvestor]

Nice to see a management be transparent as here. Certainly a rare event in Pinkyland. They have their act together you can tell...
The preferred C should not be a worry at this point as is the now extinguished note to former owners. I, in principle, also agree that it is more beneficial to convert debt into a pre-defined number of shares than to have a convertible instrument drive down the share price and conversion price point.
But I am also of the opinion that what is commonly referred to as the "float" is higher by the number of "free trading" shares, potentially as high as 91.5m.
Medium-term, the stock is a good candidate and I will put it firmly on watch. Short-term, I think we will have to churn a bit longer through some "free trading" shares.