I am not defending Joe, after all he is still derelict in his CEO duties, but until the truth comes out (if ever) on who/how the NUGX shares got started, we cannot know if Joe had any part in it. For me, that seems implausible. It would be like wrecking your car to sell it as junk, instead of waiting for a buyer to pay you the full value of your vehicle. I still think that Joe’s problem is being incompetent rather than being nefarious. A case of over counting his “chickens” before they hatched and not watching the incubator intensely. So, what we got was “hard boiled” eggs not chicks.

As for why NUGX doesn’t count. NGIO is the official NuGenerex ticker symbol. The trading of NuGenerex under the NUGX symbol is just another mess that needed to be cleaned up before the IPO could be launched. And the fact that NUGX still exists, tradable on the OTC, this could add to the complexity of the Chapter 7 as the creditors squabble over Generex.