Martinas B.

Nexia Holdings Inc.(OTCBB: NEXA) - will we meet this stock on the Ebay?

by Martinas B. June 7, 2007
nexia_holdings_inc..gifAnother company to face the same destiny as Med Gen Inc. (OTCBB: MGEN) is - Nexia Holdings Inc.(OTCBB: NEXA) .

Company’s CEO, Richard D. Surber with the accrued salary of $168,026, is surely having nightmares over the last days.

With a ten year history, Nexia is a holding company with operations in retail clothing, health -beauty industry and commercial real estate.

As of May 18 there were 1,747,995,086 outstanding shares of the issuer's common stock. During the three months ended March 31, 2007, the Company issued 542,517,500 shares of common stock. We calculate If they continue diluting the stock at this rate, by the year of 2010 there will be approximately 34 billion shares in the market.

Though company's revenue doubled for the first quarter and hit $738,774 compared to same period in 2006, there is still a slight problem out there. This does not yet cover all expenses for this company, which are 2,2 million per quarter.

Company is facing huge costs, which they try to cover by issuing new shares. Moreover, this company is not concentrated and owns three completely unrelated businesses, which could lead their whole business to the dead-end.

The chart below says that once company’s share price hit $160,000, but then plunged to $0.0005 which makes a 99.99999999999% loss. Roughly speaking, if you have invested $160,000 it would now be worth 5/100 of one penny.

nexia-chart_copy.jpg


For the current price per share 0.0005 it puts the market cap of this company only $850,661.

Comments 3

1. Guest
December 21, 2008, 02:47AM

Quotes II can not understand how it is possible that one man can destroy 50 million..What kind of system is this? May a better question is..In what kind of world are we living?

2. Guest
June 11, 2007, 03:05AM

Quotes Though your business is growing i would be very careful of any investment into Nexia.

3. Guest
June 08, 2007, 07:51AM

Quotes The only way you will see Nexia on Ebay is if we are off loading product. My team and I will make this company or I will die trying. We have a $10M equity line credit that is pending and revenues are on an upswing. The cash loss for the company currently is about $90,000 per month.

Richard Surber
CEo-NEXA

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