Replies to post #6505 on NovAccess Global Inc (XSNX)

[guay]

Agree! You're dead right Solarguy!

it's going to take more than a little forward progress to get any real investors interested until Tom reduces the outstanding shares (or makes a move that will significantly raise the real value of the company, like marketing an appropriate product or system).

Post 6505 by SolarGuy1977 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110651441

OK ... but a realistic chance I see in solution possibilities Rockerman wrote about ...
That would be a clearance of the situation and ... what a comeback!

As Tom hinted in a recent reply to a share holder inquiry, perhaps the shares are being banked for a potential buyout transaction of an up and coming flow through or hydrogen storage producer.

Post 6434 by Rocketman777 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110536160

Because the facts are sobering:

... the latest financial report submitted by the company. It covers the fiscal year ending September 30, 2014, and the numbers you can find inside are quite depressing:
• $51 thousand cash• $60 thousand total current assets
• $972 thousand total current liabilities
• $394 thousand revenues
• $1.9 million net loss

Source: http://www.hotstocked.com/article/89192/xsunx-inc-otcmkts-xsnx-reverses-its-direction.html

[Q-reus]

SolarGuy, your mention of outstanding shares raises a serious red flag for any potential future investor/s here. My question for Tom would be: Why did "he" raise the authorized share count to 2B last June? What is his motive/reasoning to nearly triple the present count(579,256,469)? Given the present number of shares that are out there, it is highly doubtful that the stock price will reach .10 in trading, imho. GLTA though.