that whats they said about CDOs, MBS,; i dont dispute that the stock is going up but no one can point to any thing substantive to justify the rise. people like you are simply buying cause its going up - do you know the PE? do you know how much revenue has been realized since the 10Q warning? i dont doubt they have an interesting product and they are increasing sales but its not cocaine. the numbers dont add up
This is all HOT AIR.
1. This company is underfunded
2. They did their original placement at $0.40 / share with lots of toxic warrants - these low cost shares will surely be sold - providing heavy pressure on the stock
3. Sophisticated investors and the MM's will surely short this stock once it starts to turn. Who knows - this PUMP could take it to $3+, but it will come back down
4. The sweetest thing about this company is for the promoters who sell all their shell stock
Looking at their own forecasts - $0.40 is a reasonable price for this company. Short when you can and enjoy the ride.
The company at this point in time could issue 1,100,000 shares and wipeout the first half 09 debt without diluting the common too much, or issue bonds or other debt instruments as they indicated they will do.
The statment by the company re: could not remain a "going concern" in the 10Q is in my opinion probably for legal regs. of any company showing a loss. I believe I have read that same statment in the past regarding SIRI and other penny stocks...
I assume the reason for NXTH'S stock increasing in value in the face of loss's and a low net worth is simply the fact that this firm seems to have a product that is in the right place at the right time and has caught the imagination of investors. Last but not least, this is a "penny stock" and lots of people take a flyer on an up and coming company dreaming of hitting a home run... You pays your money and takes your chances. I hope everyone investing has their eyes wide open to the fact that most penny stocks bite the dust along with their investors, but there's always the one that made it big and went all the way or got bought out for a princely sum....