RE:RE:Financial Report was horrendousThe 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
- Six-pack rings
- Plastic cutlery
- Food takeout containers made from hard-to-recycle plastics (like black plastic packaging)
Now companies currently produce Aluminum based pods that are 100% recyclable.
NEXE is not only player in the game. There are plenty of competitors which means competitve margins. So, I am not sure where you getting the "huge" market projections.
But you never addresses my concern, the people runing the company burning the cash and giving each other bonuses.
Company should not be treated like a sports team. People invest their money and life savings in these venture. So, one needs to be honest about future projections.