NLXI! Good DD from Raging Bull board:
***********MORE DD***************
by loughski
DD Updated Page!
NLXI has picked up 3 new MM's last month, overall share vol. also increased, somethings coming.
otcbb.com
* Square Roots Inc. -- 84 Archers Fork Road, Smithville, WV -- (304) 334-3012 ...
Nelx Inc. (NLXI) SIC Code 1381
Phone # 304-622-9599
5750 West 60th Avenue
Arvada, Co 80003
44,352,042 shares outstanding. (From SEC 10QSB Quarterly Report LINK provided below) As of November 30 1999
Amount and Nature Percent
of Beneficial of
Name of Beneficial Owner Ownership Class
------------------------- --------- -----
Charles L. Stout 14,000,000 31.5%
John L. Cowan 1,000,000 2.2%
Bruce Bowler 1,000,000 2.2%
Kenneth L. Curry 0 0%
Total owned by Officers and Directors 16,100,000 36%kkk
Latest Filing: Quarterly Report (2/2/2000)
freeedgar.com
8-k Filing Date 11/19/99
Item 5 contains notes about 2 letters of intent
freeedgar.com
List of SEC Filings for NLXI
freeedgar.com
A News article of Silicon Investor Message Board
Message 12062364
BRIDGEPORT, W.Va., Nov. 22 /PRNewswire/ -- Charles Stout, President, and
Chairman of the Board of NELX, INC. (OTC Bulletin Board: NLXI) issued this
press release today as a follow-up to the 8-K filed last week. Stout
considered it timely for delineation of what has been taking place within the
corporation.
Since management changes of NELX, INC., in October of 1997, Stout has been
working with creditors and others involved in prior transactions with the
corporation to resolve corporate obligations, disputes, problems, questions,
etc. The intent of these actions was to clean up all past items with full
resolution and agreement of parties concerned, and to pave the way for NELX,
INC. to venture forth into the future in a positive manner.
Recognizing that the most pressing need now is to have ongoing income-
producing business activities, NELX, INC. has been analyzing a fairly steady
stream of proposals from existing businesses and individuals for acquisition
opportunities. Prior to this date, no proposal fit the business criteria
originally created and approved by the Board of Directors of NELX, INC.
However, in continuing to work the original business plan, the Board of
Directors has entered into letters of intent to pursue the acquisition of two
companies: Square Roots Incorporated, an active producing lumber mill; and
Reliable Energy Producers, Inc. involved in lease development and use of
coalbed methane. Both companies are incorporated in the State of West
Virginia.
The Board of Directors agrees that these two acquisitions can bring an
ongoing day-to-day business operation to NELX, INC. At the same time, NELX,
INC. can be an integral part of the creation and development of advantageous
methods of utilizing the huge reserves of coalbed methane in environmentally
beneficial and economically sound ways. Thus, benefiting the environment, and
also bringing NELX, INC. into a position of actually generating net profits.
"We are very excited about what this means for all of us as we go forward
to put these two transactions together, and build a viable business
organization out of our collective resources", said Stout. "We are in the due
diligence process, and will keep shareholders advised as much as we possibly
can as the progress takes place. Meantime, we have a corporation that is
poised and ready to take advantage of business opportunities as we encounter
them."
SOURCE NELX, INC.
-0- 11/22/1999
/CONTACT: NELX, INC., 304-622-9599/
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