I feel seeking alpha summary are blurred claims Summary of seeking alpha article: https://seekingalpha.com/article/4064144-nexoptic-seeing-blurred-hype-88-percent-downside
These are the summary notes from seeking alpha article. Some opinions on them.
-NXO appears to be little more than a stock promotion, up 250% this year and valued at $300 million all on the back of hype, not changes in fundamentals.
-Nex optics a company set to revolutionize lens technology. A journey that has stretched 10 years to date, The last 2 years of which they spent developing the POC with Ruda-Cardinal which proved their theory worked. So to state the past year was a result of hype, I believe it was a result of a long journey finally coming around full circle to the POC. In my opinion everything has changed. Once a POC is proven then the refinement comes and can begin to look at the next application in a serious manner.
NXO appears to favor promotion over R&D spending and has no patents or marketable products; we have major questions around its patent application and technological use.
- Canada ranks 15th out of 16 peer countries when it comes to R&D spending. https://www.conferenceboard.ca/hcp/details/innovation/berd.aspx
This is not just Nex optics who is lagging in this department. That being said if one takes the time to research the members in Nexoptics and Ruda-Cardinal who are the team which developed the POC and are now working on developing blade optics in cell phones. To me this is the R&D. Nex optics team has stated many parallels they plane to pursue. The complete team working on this has proved great minds for innovation. In both their past in-devours and currently. I believe Ruda-Cardinal will help them develop these parallels as they have proven successful with the POC. To me this is the R&D that is taking place, and the technological use is the parallels stated. As for the patent application it in the necessary process as we speak, submitted by a team who have applied and received many patents in the past. Let it run its course and see what the outcome is.
Insiders were selling, leading up to NXO's big unveil, and continue to dump shares.
The main seller of shares was chairman Arnold Armstrong, and it was a small portion compared to the amount of stock he has. The term dump is misleading as I believe no insiders “dumped” shares. There are many reasons to sell shares, one needs money and it can be for many reasons, as we all know life happens and money is sometimes needed. not the one sided regard of it’s a reflection to how insiders view their company, no one is running for the door leading up to big unveil as the above comment leads one to believe. Not a 10 year scam in the making leading to event, again review bio of every member involved in this project, I feel they have proved to be trusted and reputable.
Management lacks relevant technology expertise, and has a track record of stock promotion and a history of failure.
This statement contradicts what was proven to everyone at the unveiling. Management has the relevant technology expertise as they have shown it through the completion of their POC. A technology that many in the lens industry thought to be impossible. Like any trail blazer or entrepreneur you will face failure on a daily basis. If not you're not trying hard enough and as a result not growing along the way. One may see a history of failure, I see a company who has delivered on their promises and have resulted in success.
The Spectrum Optix acquisition will result in significant dilution to NXO shareholders via an issuance of 36 million shares worth $85 million.
I agree we will see share dilution in the future, as these are the types of action when funding is needed or two companies come together. No one fully knows until we see deals put in place, or patent approval to where this sp can go. I believe that the current sp is low to where it can be if patent/deal is signed. So when the time comes of dilution I feel we will have gained in sp to help cushion the dilution.