RE:Financials The financials were pretty much as expected. With $54 million in cash and 96 million shares out, the company is worth (more or less), 50 cents a share and that assigns no value to their IP and patents, so seems very cheap at current share price.
My concern is that I don't want to see them go down the road of spending their $54 million unless we are going to get a ROI. "If you build it they will come" could be a big mistake. Don't build/expand the plant on speculation.
My thoughts haven't changed, I believe in the technology, which is their strength, ie. compostable coffee pods. So profit from that, don't build out a huge coffee factory to sell Nexe coffee. IMO, that becomes very risky.
I scanned the current board of directors and wasn't seeing much value with this group in setting vision , goals and strategic direction.
https://nexeinnovations.com/team/