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عضو نشط
- التسجيل
- 17 يونيو 2009
- المشاركات
- 93
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NXHD reported after the close that it executed a Stock Exchange Agreement with RoboServer Systems Corporation (RBSY) to exchange 200,000 shares of NXHD's restricted Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of RoboServer's Preferred Stock.
The closing on the exchange is to take place before June 27, 2009 pending the delivery of the necessary documentation to the respective transfer agents of the two parties to the agreement.
CEO Richard Surber commented, "With the acquisition of RBSY's convertible preferred shares, Nexia's portfolio of investment securities will have a face value of $3.5M. I am hopeful that Nexia will be able to convert portions of its investments into cash upon complying with Rule 144. Nexia just might be able to self finance the opening of multiple salons in the coming years with the proceeds of such investment."
The transaction is in addition to a series of Stock Exchange Agreements NXHD has negotiated with other companies.
On April 23rd, NXHD executed a Stock Exchange Agreement with Pure Play Music, Ltd. (PPML) to exchange 200,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of Pure Play's preferred convertible shares.
On March 19th, NXHD executed a Stock Exchange Agreement with Seamless Corporation (SMWF) to exchange 200,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of Seamless Corporation's Series C Preferred Stock.
On March 5th, NXHD executed a Stock Exchange Agreement with AmeriResource Technologies, Inc. (ARIO) to exchange 100,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $500,000 for $500,000 of ARIO preferred stock.
It looks like CEO Richard Surber is being true to his word. During the AmeriResource stock exchange Mr. Surber was quoted saying, "I am involved in discussions with up to six other entities that are interested in carrying out similar exchanges with Nexia. Such exchanges will broaden the portfolio of companies in which Nexia holds an interest. My goal is to use Preferred shares in Nexia, in lieu of cash, to create a diversified portfolio of high risk securities with a face value that could exceed $20M in the coming months."
NXHD reported after the close that it executed a Stock Exchange Agreement with RoboServer Systems Corporation (RBSY) to exchange 200,000 shares of NXHD's restricted Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of RoboServer's Preferred Stock.
The closing on the exchange is to take place before June 27, 2009 pending the delivery of the necessary documentation to the respective transfer agents of the two parties to the agreement.
CEO Richard Surber commented, "With the acquisition of RBSY's convertible preferred shares, Nexia's portfolio of investment securities will have a face value of $3.5M. I am hopeful that Nexia will be able to convert portions of its investments into cash upon complying with Rule 144. Nexia just might be able to self finance the opening of multiple salons in the coming years with the proceeds of such investment."
The transaction is in addition to a series of Stock Exchange Agreements NXHD has negotiated with other companies.
On April 23rd, NXHD executed a Stock Exchange Agreement with Pure Play Music, Ltd. (PPML) to exchange 200,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of Pure Play's preferred convertible shares.
On March 19th, NXHD executed a Stock Exchange Agreement with Seamless Corporation (SMWF) to exchange 200,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $1 Million for $1 Million of Seamless Corporation's Series C Preferred Stock.
On March 5th, NXHD executed a Stock Exchange Agreement with AmeriResource Technologies, Inc. (ARIO) to exchange 100,000 shares of NXHD's Series C Preferred Stock, with a stated conversion value of $500,000 for $500,000 of ARIO preferred stock.
It looks like CEO Richard Surber is being true to his word. During the AmeriResource stock exchange Mr. Surber was quoted saying, "I am involved in discussions with up to six other entities that are interested in carrying out similar exchanges with Nexia. Such exchanges will broaden the portfolio of companies in which Nexia holds an interest. My goal is to use Preferred shares in Nexia, in lieu of cash, to create a diversified portfolio of high risk securities with a face value that could exceed $20M in the coming months."