News about a lucrative funding agreement have just unleashed a substantial promotional wave in support of Nyxio Technologies Corp. (PINK:NYXOD). Whether this combo will have any impact has yet to be seen in the forthcoming session.
Yesterday, NYXO announced it had signed a securities purchase agreement worth $5 million. As set out in the agreement, this sum will be acquired in tranches within the next two years through the sale of non-convertible preferred NYXO stock bearing an annual dividend of 10%. What is more, along with the stock, the investors will also acquire warrants which in turn will give them the right to buy an additional 11 million shares of common NYXO stock.
As exciting as the news sounded, stock traders showed little interest in it, as far as NYXO’s latest market performance is concerned. As a matter of fact, NYXO went down 3.85% to $0.15 per share, its lowest value for the last 52-week period, which was also reached during a couple of sessions last December.
The newest paid promotion comes hard on the heels of the aforementioned announcement. As it is, third parties have invested a total of $25 thousand to artificially pump the market value of NYXO stock today. To see whether such a scenario will happen or not, traders will have no other choice but keep their eyes fixed on the charts.
