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NEXE Innovations Inc NEXNF


Primary Symbol: V.NEXE

NEXE Innovations Inc. is a Canada-based compostable materials company. The Company designs, manufactures and commercializes compostable materials for everyday consumer products. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. Its product NEXE Pod is a plant-based, fully compostable, and single-serve coffee format machines. Its wholly owned subsidiary, Xoma Operations Inc, provides products that are packaged in the fully compostable and plant-based NEXE pod. The Company's products include XOMA Keto Cocoa, XOMA Matcha, XOMA Turmeric, Golden Milk, XOMA Coffee Fortified with MCT, XOMA Mindful Mushroom Coffee, and XOMA Keto Coffee. The Company’s other subsidiaries include NEXE Technology Corp. and G-Pak Holdings Ltd.


TSXV:NEXE - Post by User

Post by vitalyon Feb 14, 2021 11:44pm
355 Views
Post# 32566929

Financial Report was horrendous

Financial Report was horrendousI have noticed people here being optimistic on some press release and pumping the stock. You all have to take a look at their financials to see where this company is headed. We need to take a look at the leadership. What are they doing with the company's money? 

They spent 10,000$ in meals and entertainment from september to november 2020. 10K? when the country is in lockdown and they are having a time of their life.

Also, they are giving each other advisory and consulting fees. In the Quater ending Nov, 2020 they spent 644, 831$ on advisory and consulting fees. I have to dig up who was awarded these fees and look below.


These amounst almost adds up to the 1 million dollar, they recieved to assist them with commercialization of the pods. 

There is tons of things that I have noticed in the financial statement that i can mention here.
What can the pumpers say about this? Future potential? They are a celebrating now while the company is burning cash.

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