blindsided, page-8

I agree Taipanoblehouse.

This is my first post on this NXS saga and must admit that I, like many others, am disgusted by this low-ball opportunistic offer by our ex-chairman!

I'm sure though that they've been very careful throughout their backroom deals, and would come out smelling of roses if there was an enquiry.

I feel that the only way we will get to 4c, though, is if the smaller shareholders act as one, and hopefully attract the attention of a couple of the top 10 holders.

While I am not privy to what www.nexusbattle.com are planning, may I make the following suggestions:-

(1) www.nexusbattle.com publish the number of shareholders and their total shareholding that have registered so far.

(2) www.nexusbattle.com circulate to all of those who have registered a standard email along with email addresses of the board members, so that we can all bombard the board members and CEO. The email text should clearly state our dis-satisfaction with the offer, the manner in which it was made, and the poor board decisions that left NXS so exposed. As such, it will be our collective intention, NOT to accept the present offer. (Anyone with a legal background would be useful with this.)

I think it is important that we all use the same text, to show that we are united.

(3) Request a list of shareholders from NXS and circulate a letter to all shareholders requesting that they register with www.nexusbattle.com if they are dis-satisfied with the offer. This would probably take a couple of thousand dollars ... so a fighting fund would be necessary ... I'd gladly donate some money for postage!

(4) Register www.nexusbattle.com with Google search so that we can all bombard Google with queries relating to the site and hopefully have it appear prominently if anyone performs a search for info on NXS.

(5) My guess is that the "independent" expert will say that the deal is "NOT fair" but "REASONABLE" because of the tight grip that the debt holders (i.e. our ex-chairman) have on NXS's private parts and the uncertainty of a liquidation process. I, for one, am prepared to call SWMs bluff and test the value of the assets with an orderly liquidation. I would appreciate the input of anyone on HC that has any in-depth knowledge on what value these assets might have in a liquidation process.

Well, that's my rant over with (makes me feel just a bit better). If anyone agrees, give me a TU.

Good luck everyone.

FlyingDr