Replies to post #13718 on Next Green Wave (fka NXGWF)

[Clonemaster]

If it looks like a fish, smells like a fish, then guess what?? I agree ambulance chaser may have pressured his way onto the board for aforementioned reasons as well as others we don't yet know considering his position and power.
Here come the .20's then the .10's then the single digits. 91.4% chance it will retrace and fill these gaps
2020-06-04 0.091
2020-07-07 0.108
don't fight the tape!
A market axiom that asserts an investor shouldn't buy stocks during a major decline or sell stocks during a strong market advance.
0.30 USD -0.31 (-50.33%)past 6 months
0.30 USD -0.09 (-22.31%)past month
I hold no position in NXGWF. Thank God.

[Sam_1992]

No, it’s not a lie but more of a disguise. Think about this. In Q2 report, you would see the cash balance of around $7M. In Q1, I think there was 4-5M in cash. So the question is - how can cash increase to 7M in Q2 when they actually have a net loss from operation in Q2.

That means the addition cash come from financing activities, which is the exercise of options and warrants. @.25 exercise price on 7.7M share, you would get around 2M in new cash.

NGW essentially use this new 2M from options and some cash on hand to pay down the $3M outstanding debt, which was coming due in Q4 anyway.

So, there is really nothing for the stock to be excited about since all NGW did was meeting it debt payment schedule.

But of course to new people and people who don’t dig into the details - this news make it look like NGW is god descent. This make me lmao lol

Pay attention to the details folk. Don’t let some voodoo optimistic people fool you.