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Re: pumper_stumper post# 1567

Saturday, 08/27/2011 7:58:13 AM

Saturday, August 27, 2011 7:58:13 AM

Post# of 1639
Nxxi08, again, I do not own NXXI. As I told you before I am waiting for a substantial drop in price. NXXI does not have enough assets to cover their debts. The affected preferred shareholders will have to make concessions or the company will be liquidated and they get nothing or a penny or so on the invested dollar. The common shareholders will be wiped out. Before all this happens we will have a huge dip and then concessions from the preferred shareholders will cause an uptick. This uptick is what I am interested in. The same thing happened with others like STT*. STT* went from .03 to sub-penny when they announced the BK. I sold when it went back to .0185. This may or may not happen to NXXI, but for guys like you already in the deal I wish you good luck trading.

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