NEXE Innovations Inc V.NEXE

Alternate Symbol(s): NEXNF

Forest Products Paper & Paper Products

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

NEXE Innovations Inc > $34.5 million bought deal oversubscribed

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Comment by sledigon Apr 10, 2021 11:04am

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Post# 32972541

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

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