Yesterday, the explosive stock promotion of Nyxio Tech Corp (PINK:NYXO) resulted in the next pull up of the share price. In a heavy trading volume, NYXO stepped ahead with the modest 3.13% between the trading sessions to close at $0.66 per share.
As the promotional gain on NYXO in any case has not been higher than during the stock promotion in August, to investors participating in the stock rally these days remained only one solacement. They took part in a startling event. Similarly to last month, even in September NYXO kept its strong positions in the list of the top ten promoted stocks on the Pink Sheets Market.
Further more, NYXO, the not yet time-tested future competitor of Toshiba Corp (TYO:6502) (PINK:TOSBF) in the smart TV products offering, has been valued by investors at $25.3 million. This valuation is based on the following facts. At the end of June, the company had total assets of $86 thousand. NYXO has accumulated deficit of $8.9 million since its inception in 2006.
While Toshiba is sponsoring the Rugby World Cup 2011 in New Zealand, its future competitor with the recently granted technology license reported as of the end of this June cash and cash equivalents of $60 only. As opposed to the millions of stock alerts sent on the stock since the end of June, there is no news about any funds raised by the company, thought not being in millions.
After Nyxio announced the technology licence at the end of August, there are no company updates.