Replies to post #12380 on Nexus Energy Services Inc (IBGR)

[cheyenne1]

Some even paid zero for shares. They were a dividend given. These or others now IMO need money and have stalled out on PPS. That will dry up and the sooner the better.
No one on the board should under estimate the lead boot carryover effect of shell and its number of investors that held post split shares. BUT the purging of many of these has taken place of late and still going on as selling at .009 when you bought at zero is not bad. However when they are gone..THE LEAD BOOTS WILL TURN INTO RUNNING SHOES!!!!IMO This along with my other posts again are just my opinion.

[Bucks4Buckeyes]

Most here know I have been trying to analyze the trading action here forwards, backwards, sideways and even upside-down if I have to.

Since Sept. 1, in 12 trading days, the volume has been around 11.5 million shares. We were told in the past that the 'effective float' was a little over 12 million. It is obvious that the entire float has not changed hands. I am only guessing, but according to my best guess, I think around 5 people have around 2 million shares and about 6 or 7 more have around a million now. That alone is around 17 million shares.

I can find NO EVIDENCE AT ALL that the company is diluting. I cannot emphasize enough, in my opinion, that Howard Phykitt is a man of his word. I believe he must report it in an 8-K by the end of the quarter (September 30) if he is diluting.

I think the only thing that CAN be happening is that the 'effective float' is getting bigger. In a R/M, a company must account for ALL OUTSTANDING SHARES. This means that PharmStar DID NOT just issue 12 million shares ON TOP OF however many shares there were out in the float already. The DTCC makes sure that all shares must be accounted for. The way I understand (I would like to know from a factual standpoint, though) EVERY SHARE MUST BE ACCOUNTED FOR during a R/M.

This is the only logical thing I can come up with. NO ONE, I repeat NO ONE has purchased 11.5 million shares under .01. So some of those 80 million shares have been entering the float. I have no idea how much, neither do I know how much they paid for those shares to begin with.

The good thing is, at least, that many of these shares have wound up in much longer and stronger hands here in the last couple weeks.

Mr. Phykitt owes us an explanation/PR/information of what is going on. The ball is definitely in his court.

Personally, I think we will be very encouraged when he finally does release this information. Hopefully when it comes we will also understand why it took so long, too.

Just a sidenote: I had told him I was ready to sell when I spoke with him almost a couple weeks ago...

Now, I am buying all that I possibly can.

All The Best