Recently, Nexia swapped preferred shares with two other companies. Nexia's preferred shares are valued at $5.00 per share (according to Nexia). The two swaps totaled 300,000 shares.
It did not move the market at all, failing to impress on anybody any advantage this could bring.
Personally can't think of any either. Worse, today: no volume at all. Waiting for some tangible news. Only good point: the ask is .0002.
Again, if you invest here, be prepared to lose it all. Nexia is reverse split prone.
go