30% in 40 days – this is what it comes down to looking at the performance of Nyxio Technologies Corp(PINK:NYXO) on the stock market. In the meantime, an addition to the management board and an additional hand to help spread the word. Indeed, there is a party that is focusing attention to Nyxio right now. Yet to see what $25k could do.
This is how much the promotions cost. Two came out yesterday evening, so their effect is to come into place at the session today. It is important to mention, that even without promotions, this stock has been accumulating value since the middle of June. With no news at hand, with no other catalysts at hand. So the question is – how long would this run continue? Is it time to enter or time to exit?
According to shorters, the time to enter is now, as almost half of yesterday`s trading volume was due to short-selling activity. On the other hand, there is the issue with the financial state of the company. Despite the positive movement on the stock market, recent financial data is not exactly optimistic. The last balance sheet to come is the 10-Q, covering the first 3 months of 2011. It includes figures like:[BANNER]
- $65 in cash;
- $6k in total current assets;
- $75k in total current liabilities;
- $8.8 million in accumulated deficit;
- $0 in revenues;
- $19k in net loss;
It is interesting to see how a company with $65 in cash hires a PR enterprise to help it. But it happens. In this aspect, having the above figures in mind, but also the positive movement on the stock market, it is high uncertainty that surrounds NYXO. What the stock price would be even in a week`s time is a hard question to answer.
