Nobody knows the floor because nobody knows what the hell is going to happen. Serious questions need to be asked such as ,......why havent NXS done a deal on CRUX? Many fish have sniffed the bait but they all wander away.There seems to be a common view that the bait is on the nose so there is a serious disconnect between many up-ramping HC posters and the real world. The reality whether we like it or not is this. * Management have seriously underperformed over the last two years, yet they are still there pulling in big bucks. *Longtom is late and over budget and the net value to NXS is probably quite low. I wont even go into the lost Longtom deal with AEG. * NXS did a dumb deal with Shell selling them Crux gas for a song and giving Shell control of NXS liquids if NXS cant develop the field. * We continue to hear the party line,.....interested companies are talking to us about a Crux deal.This same line has been going on for a year and a half now. * Legal liabilities are clear and present but will be undefined until settlement or court decision.
None of us like to lose money but this is the reality. The two new investor/board members must be having buyers remorse. Incidentally, to all the brokers lapdogs and uprampers ......Give it a rest and face the reality. Join the real investors and put some pressure on Board and management to lift their game and get us out of this mess. Occam
NXS Price at posting:
31.1¢ Sentiment: Hold Disclosure: Held
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