re: nlxr or nlxra Hi Winneto I believe that the NLXRAs are the beytter way to go they both cost the same to exersize but the NLXRAs carry a 10 percent interest some is deferred and payable on expirey but they rank in line with other creditors apart from secured creditors ( Banks Etc ) in the case of a winding up of the company Cheers DYOR first Towie