NEXE Innovations Inc NEXNF

Primary Symbol: V.NEXE

Forest Products Paper & Paper Products

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.

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NEXE Innovations Inc > $34.5 million bought deal oversubscribed

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Comment by silkoson Apr 10, 2021 2:49pm

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Post# 32973029

RE:RE:RE:RE:RE:$34.5 million bought deal oversubscribed

If Management would have bought 1+ mil worth of stock yeah maybe. An ivestment of 10k is BS. It's all smoke.

Hold your horses and wait for bigger moves ... let the market do what it does ... the market is always right!

sledig wrote:
Agreed, insiders were buying in 3 dollar range. Right back were we started. Total bs.

silkos wrote: Why would anyone buy more? Makes no sense at this level. Let her drop about 15-20% then maybe it's time to make a move. Now it's un uncharted teritory ... it can go all the way down.

You recall the pilot when they sold out. A great success story. Is it? They did not say how much they sold though, how much inventory they had ... makes you wonder?

I am invested in this stock and I am positive ... but the management did nothing to support its valuation but used the momento to get capitalized. It may be a very smart move ... time will tell. What is alarming though for me ... they said that all initiatiatives were fully funded and did not need more funds. Then came the news in contradiction to previous statements. Companies at this stage need capital, but more than capital they need strong management to guide the ship.

Buying now ... it makes no sense ... it just passed resistance and can go either way. If it goes up, great it will recover. If it goes the other way, it is way too soon to increase your position.

Be smart and disciplined, don't play their game.

sledig wrote:
Definitely games being playing, this bought deal should have been done at higher levels. I'm just recently in thinking there was a financing coming but 2 bucks, too low in my view. Will top up in a bit see we're this settles. Gl

silkos wrote: Anything can happen at this point. Resistance point crossed below 1.85. This has been a fallen knife for a while, now will the downtrade continue? Looks like it.

All investors are in a hole now. But the management which will get a raise for sure.

Dunworkin2 wrote: https://www.newswire.ca/news-releases/nexe-innovations-inc-closes-c-34-5-million-bought-deal-including-full-exercise-of-over-allotment-option-853025334.html