AWESOME!!!

NXT sees audio product sales, licensee shipments falling below hopes - AFX


LONDON (Thomson Financial) - NXT PLC is seeking alternative short-term revenue sources after warning that sales and licensee shipments in stand-alone audio products in the last two months are likely to fall 'significantly' below its expectations.

In a trading statement the sound technology company said it is reviewing its short-term capital requirements and ongoing cost structure.

'Given the reduced level of short term revenue generated by stand-alone audio products, the board is considering all strategic alternatives to protect and build shareholder value,' the company said.

It said it believes that several ongoing strategies and developments laid the foundation for medium-term sustainable revenue.

LARGE BUYS FRIDAY...NEWS IMMINENT...COULD BE A KRAKATOA

Or maybe perhaps not.