They've issued 35 MILLION common shares of NVLX in the six weeks ending March 17, 2014. I'll bet NVLX has dumped even more in the past three weeks. NVLX is basically a printing press.
Below is part of the recent Form 10-Q subsequent event note. MILLIONS more of those .10/shares have FLOODED the street in just the SIX WEEKS ending March 17th. Dilution city here!
From the 3/17/2014 Form 10-Q filing with the SEC........
NOTE 11 – SUBSEQUENT EVENTS
The Company has performed an evaluation of subsequent events in accordance with ASC Topic 855, noting no additional subsequent events other than those noted below.
Subsequent to January 31, 2014, the Company issued 400,000 shares of Common Stock to consultants for services rendered to the Company.
Subsequent to January 31, 2014, fifteen investors converted a total of 15,550,200 Class A warrants for total cash proceeds of $1,140,345 and conversion of $25,920 of debt to an officer.
Subsequent to January 31, 2014, the Company received $1,100,000 from the sale of 11,000,000 shares of Common Stock.
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