Downsideup,
I couldn't agree more. It looks to the casual observer that the company is trying to raise a bunch of cash in order to keep from going under. I've seen companies that do just what has been mentioned here. Sell shares, pump and dump more shares, reverse split, pump stock on potential new break through or future planned releases, sell more shares.... etc.
However, I don't believe this is the same thing. Sam talks about releasing financials and multi-million earnings in 2009. Tommy talks about public selling of software through retailers like Walmart. Then there is the current income generation from GetAmnesty, PayArtist, YouScout, Digital Ranger, Envoy, YouTube and the occasional mention of side work like the security for the Democratic National Convention. I will agree with everyone that the way they went about this does seem a bit shady. It would be nice to have some news or info from the company on what they are doing. Let’s face it, doubling the available shares for no known reason, makes even a hardened investor nervous. Dilution is not the solution unless you're trying to fill the trunk with money before going on an overseas trip.
I believe the shareholders need to voice their concerns, in a professional manner, to the company. I don't think we should be telling Nexicon how to run their company. I do believe they need to understand what we as investors are concerned about. It may be time for these guys to hire a PR firm again. The good news and potential of this company just isn't reaching the right people. I'm going to send Sam Glines an email suggesting that and see what response I get. I'll let everyone know what I hear.
I'd like to say keep the faith but maybe it should be hope and pray! LOL
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