NXHD - Its On - Per Company CEO's Press Release

If a company CEO issues a press release in an attempt to promote his stock you know he means business... or does he know nothing about business? Aren't there people he could pay to accomplish the same task? Ever hear of a stock promoter? Or Advertising? How about penny stock mailers that come on those little post cards? Those seem to work.

Should this CEO be more concerned with the company and less about its stock price? If this company was indeed real and produced real products with real profits wouldn't the price per share reflect the business model in the absence of a CEO shareholder letter? Or was this price evident up until the last few weeks when people were actually buying shares on the open market as opposed to being unable to sell them for any price. This stock has been worthless for the entire year until the last few weeks. Why was there no press release when there was no bid and shareholders were stuck with shares no one wanted to buy?



Here is a little excerpt from the NXHD CEO's 'shareholder letter':

Mr. Surber went on to say, "I think it is important to remind shareholders that the current market capitalization of Nexia's common shares, based upon a price of $.0002, is only about $2.2M, which is tiny relative to many publicly traded companies. It is also important to add that according to Pink Sheets Nexia has traded over Eight Billion Eight Hundred Million shares (8,800,000,000) since June 10, 2009, which is essentially the entire public float."

NXHD has exhausted its last avenue via the shareholder news letter. Almost 10 billion shares have yet to move this stock. That is not a good omen. When the CEO comes out and says $.0002 has some resistance, that is not a good sign either. If he was smart he's be saying "Why isn't this stock at $.01". But I guess he doesn't believe its worth anything more than its current levels, or he's be saying so. All he says it that NXHD's market cap is small. Well when you massively dilute a stock to nothing it tends to get pretty small. And when, hypothetically, you do a reverse split and the price comes back down to the $.0001 level the market cap will be even smaller. So market cap for a pink sheet .0002 stock is really irrelevant. They could issue 100 billion shares and their market cap would increase over 10 fold, yet shareholder's would get shafted. Market cap is easy to manipulate.

If NXHD does not breakout Monday I'd say the odds on it ever breaking out are very slim.

Here are some great words from the NXHD CEO, as he is quick not to note price movements in his stock:

Mr. Surber concluded, "I do not make predictions on price movement in the stock, but it is interesting to note that Nexia has gone from no bid to as high as $.0003 during the month of June. I am sure that many traders who purchased shares at $.0001 and sold for $.0002 or $.0003 are very happy with their 100% to 200% gains. However, selling at those levels seems to have created a lot of resistance at $.0002 level. I am hopeful that shareholder confidence in Nexia can be boosted if the liquidity in the commons stock continues to remain strong."


I love it. When a CEO starts talking about resistance levels you know hes a true pro. I don't remember Ivan Siedenburg talking about VZ's resistance levels when he was on Cramer's Mad Money a few months back, but I'm sure he was itching to get into it.

So .0002 is the heavy resistance. Thanks NXHD CEO. Are there just shareholder profits being taken at that price or might there be another reason for the heavy resistance at $.0002.

Oh and the most important line in the whole letter is right here:

"I am hopeful that shareholder confidence in Nexia can be boosted if the liquidity in the commons stock continues to remain strong"

Liquidity? Is 8.8 billion shares not enough liquidity or does the stock need 25 billion shares to be more liquid. No one has trouble selling now at .0001 but when the bid is gone liquidity will be gone so lets keep the dilution tap closed for now.