Nov. 11 at 9:19 PM
$NXXT Recommend ya'll do some reading on this company and its founder. Michael Farkas started
$BLNK and ran it into the ground with reverse splits and dilution. NXXT (-98.07%) is just a little bit behind BLNK (-99.75%). Even now, they are opportunisticly selling
$75 Million dollars of NXXT shares into the market via a shelf.
This is a playbook Farkas has been running since 2009 and it's not going to stop now.
Short term there could definitely be some large pops, but i wouldnt trust a penny (if they still exist) to these companies long term. Make sure you swing from the bottom if you are trading this.
The revenue growth is amazing, but the losses and dilution are going to put a massive cap on that enthusiasm. The financial structure of these companies are a steaming pile of sludge.
