Commenter dismisses NXXT as a cash-burning, fraud-suspect company with executives enriching themselves while the stock declines.
Unpriced research observations (excluded from Calls and Returns):
NXXT — AVOID The author claims NXXT raised only $500,000 that will be spent within a month, while executives continue to receive stock bonuses as the company deteriorates. They state the company is suspect of fraud under CEO Michael Farkas, implying the stock should be avoided. No specific catalyst or timeframe is given beyond the expected cash burn. resolved_entity_name_mismatch
They'll burn through this in a month. The executives will continue to rake in quarterly stock bonuses while the company continues to go downhill. Terrible company that is suspect with fraud, CEO Michael Farkas.