NovAccess Global Inc (XSNX)

[kingofzamunda1]

Speculation: I wonder if this has something to do with the big sales of shares this week. Ironridge just announced this morning that they have invested in ASTI (Ascent Solar). It kind of makes sense that they might be selling off their XSNX shares they were granted as part of the settlement. If so, we've got more selling to go...because I don't believe we've reached 27 Million shares yet with those large sales.

Previous XSNX Announcement.
"In accordance with a Stipulation for Settlement of Claims (“Stipulation”), dated June 27, 2012, by and between Ironridge
Global IV, Ltd (“Ironridge”) and the Company as documented in Los Angeles County Superior Court Case No.
BX484549, the Company delivered 27,500,000 shares (“Initial Shares”) of the Company’s common stock, no par value
(“Common Stock”) to Ironridge in settlement of approximately $494,561 in accounts payable of the Company (the
“Accounts Payable”) and $54,317 for agent and attorney fees associated with the transaction. The transaction thereby
substantially reduced the Company’s liabilities, including its outstanding accounts payable balance associated with the
assembly of the Company’s CIGSolar™ thermal evaporation technology."