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NEXE Innovations Inc NEXNF


Primary Symbol: V.NEXE

NEXE Innovations Inc. is a Canada-based company, which operates as a manufacturer of fully compostable materials. The Company is focused on providing compostable material solutions and packaging to the business-to-business (B2B) segment to help businesses achieve their sustainability goals. It designs, manufactures, and commercializes fully compostable materials for everyday consumer product. It has developed a proprietary and patented compostable material that can withstand heat, pressure, and water. The Company's flagship product is its BPI-certified compostable single-serve beverage pods that are compatible with single-serve coffee-format machines (the NEXE Pods). The NEXE pod is compatible with major coffee brewing machines and is manufactured at the Company's vertically integrated facility based in North America. It provides compostable solutions for a variety of uses and products, including tea, yogurt cups, cosmetic, and pharma containers.


TSXV:NEXE - Post by User

Post by vitalyon Feb 14, 2021 11:44pm
369 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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