NEXE Innovations Inc NEXNF

Financial Report was horrendous

[vitaly]

I 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.

[Adwari]

Investors look at future potential of a company not merely the amount of money it's making in the early stages. With banning of plastics scheduled by end of 2021, the potential of NEXE making money is huge and that is what the market looks at. Go NEXE!

[vitaly]

The little money they have is being blown at higher rate than it is coming in. When it runs out, it means they have to do equity raise or debt raise. Equity raise dilutes the shares (screws the shareholders) and debt raise means more money spent on paying of loans (lower net income). Single use of plastic is being banned, which includes Straws Grocery checkout bags Stir sticks

[aurum22]

Yes there is a competitive landscape and all of it falls short. Recyclable is not the same as compostable. The compostable market has different composting times and actiual fine print claims ect...I havenmt seen pumping just people excited with the performace of the stock and that it is a company doing a social good with a huge addressable market. For sure, do your own due diligence. How can you