Mick the 100B AU is necessary as many deals (real estate/Stock Swaps) were done w/Preferred shares...which are also locked under the DTC "Chill"...Shares needed to be reserved for when the Chill is lifted and conversion requested...CEO Surber has pretty much laid-out the situation in the July PR regarding the "Share Status" and the "Chill"...and seems quite clear in phone/emails...he doesn't expect the Chill to be lifted before early 2011...
BTW regarding Stock Swaps...check-out FGBF last few weeks...That was one of CEO Surber's stock swaps made back in 2009...$1M NXHD for $1M FGBF (at approx .001)...now .35 cents...Surber says he's requested the 5% maximum conversion allowed for now from FGBF...Nice cash influx when executed...
He seems to be making the right moves to get NXHD back to OTCBB Quotation...He's done it with NXHD's subsidiary GRNE (all but waiting for a strategic moment to announce GRNE's up-list)...so I don't doubt he'll do the same with NXHD...
FWIW GRNE is a subsidiary of NXHD...and is over 90% owned by NXHD...Green Endeavors (GRNE) is a holding Company with two Landis Hair Salons in the Salt Lake City area...with combined revenues just over $2M annually...
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