Marc Walther? The last person I'd contact to get a clear picture of the company is the person with the best reason to hype it. That's what filings are for. Just because they went dark from reporting with the SEC, doesn't mean they can't still file with OTCMarkets. I don't suppose when you chatted with him in 2011 that any of the below was brought up?
"Xynergy Holdings, Inc. Shareholders Terminate CEO Marc Walther For Cause"
MIAMI, Jan. 23, 2009 (GLOBE NEWSWIRE) -- Xynergy Holdings Inc. (Pink Sheets:XYNH) announces that its common shareholders have by overwhelming majority voted to remove former CEO Marc Walther for cause from all positions in the company. Ronny Halperin has been elected as interim president, director and CEO until a permanent officer is chosen."
"HydroGenetics, Inc. Shareholders Terminate CEO Marc Walther For Cause"
MIAMI, Jan 23, 2009 (GlobeNewswire via COMTEX) -- HYGN -- HydroGenetics, Inc (Pink Sheets:GEAC) announced today that under majority consent of its common stock shareholders, it has terminated all services of Marc Walther, former CEO. Ronny Halperin was voted in as interim CEO, Director and President."
"HYGN and Shareholders Prevail as Judge Imposes Injunction Against Fired CEO Marc Walther "
MIAMI, Mar 20, 2009 (GlobeNewswire via COMTEX) -- HYGN -- Hydrogenetics, Inc., (Pink Sheets:HGYN) announced today that a Florida State Court Judge in Miami, Florida on March 9th granted an emergency injunction against fired CEO Marc Walther, enjoining him from acting on behalf of the company as an officer and director or making representations to this effect. In the order, the judge ruled that Walther likely would cause irreparable harm to the Company if the injunction was not entered. Walther was fired for cause from both Hydrogenetics, Inc. and Xynergy Holdings, Inc., but refused to step down from the Companies.
The Company is still pursuing damages in Miami-Dade County Florida Circuit Court Against fired CEO Walther for Breach of Fiduciary Duty and intends to seek damages and other relief based on the claim that he fraudulently and improperly issued a massive number of Preferred Shares to himself and a personal friend, Rhonda Windsor, after he was terminated by a majority of the shareholders for cause. The Company deems the preferred shares that were issued by Walther in an attempt to gain control of the Company to be void for the failure of Walter to comply with applicable law. The Company is exploring additional claims related to his acting wrongfully as CEO after being fired. "
Retail always panic sells at the bottom. This is the bottom!!
IFUS volume is climbing fast, near 2 million shares, this is a capitulation retail selling bottom, retail is dumping to smart money, see level two!!! NITE has no shares!!!
Today IFUS hit and bounced off the 180 day moving average at .0064. the dotted light green line, and rallied back to the rising 18 day moving average. The 180 day average is just now bottoming and starting to turn up. This is the beginning of a huge bounce, and I think is the bottom of the dip from the huge rally that took us from .0009 to .04 this year.
The right news will take out the .04 recent high with ease IMHO.
Elliot wave 5 to new highs is still possible at this point. Such a fifth wave would get us to at least .08 and probably to .12/share
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