RE:RE:RE:Now Ash has something new to talk aboutWell, let's go point by point.
Rritual Super Foods is not doing well. Check their s/p in the past year or so. Their problem is not with the pods, they have other issues. You will find more info on the SH board. Plus they had a mutual press release to explore posibilities, no contract nor obligation to work together but a joyous PR piece. This is a company that has some very specific coffee. This is not your regular Tim Hortons, it's ginger infused unicorn rainbows extravaganzza coffee.
Granville Island Coffee >> If there is a connection withe the CEO, I am sorry but that's not quite the kind of contract investors want to see.
You recall the perfectly executed pump and dump about a year ago? That is their best achievement and speaks volumes about the company and its management team. These things don't just happen.
To date, there is no income rather than amazon sales? What promising news have you heard from the company? You recall the disruptive technology comment? That's how I got involved in the first place. How about them compostable disposable masks? If I hear about one more fancy coffee aroma I am gonna puke. Turmenic. Ginger. Macao. Cacao. Spartano. Ciociolina.
They mentioned EU market during their interviews and exploring opportunities. Whatever that means. I hope they don't go in that direction.
Can we talk about sales, revenue, profitablity and
market share? What's the excuse for not having any contracts? Don't even mention amazon sales. Just don't go there. If they would have mentioned that they plan to enter the over saturated and highly competitive retail coffee market I would not have invested in the first place. This is a company that never advertised itself as a coffee producer / seller. Yet it's the only revenue stream, go figure. They talk about scale? How about baby steps, local market penetration? Don't think for a second that they did not try. They did. Problem is they did not succeed. That's the issue IMO.
Think about this. They have a production line that does not produce anything. It's just sitting there. For nothing. But they have it. It's functional. They should use it. If they do, they would waste money. As they have orders. Nada. How much coffee can you sell on amazon and some local stores on West coast?
I mentioned Ash investing 20k in the stock (in a year). Not looking at the numbers but whoever has time can get the exact number. I never said their salaries are excessive. I said that their cash their salaries and don't have much to show yet. Agree? So Ash is top management. He must make about 250K+ per year? Plus bonuses and warrants and stuff? And he spends about 20-30k direct investment?
Now, here is something new. Ash mentioned recently that 90% of the North American pod market is in the US. News to me, never heard that from him before. Which means, it kind of makes sense to move the headquarters to the US, isn't it? Better business environment, bigger market. Your thoughts?
Unless somehow they will be sucessfull in finding a different use / application for the compostable product. They were not too succesful though in the past year, isn't it?
About shorting this company, I don't think that would be a problem if you want to. If shorts would target NEXE, you would know - I don't think it's interesting enough even though it has a decent float. I for one, am working on my exit. The money parked in this company and time wasted are not worth it. I sincerely hope Ash and the team can change my mind.
No contracts, no sales, no love.
SnowBall123 wrote: There are a few points in your post simply wrong:
Rritual Super Foods (RSF) will be using their pods, its on their investor deck already. Then there is Granville Island Coffee which NEXE CEO was the founder of this company, Single Serve are coming soon it says on their web shop which its high likely it’s the NEXE pod. And there’ll be others impossible to tell we need to wait and see.
Where did you get the info that their salary are excessive? Show your prove I may consider selling my shares and shorting it instead!!
To date, the mgt had open market purchased 82k shares at cost of $128k, not 20k.
For the new factory space, they’ve said they’ll untilise existing tech to fill up with new products.
Their latest presentation doesn’t mention a word of EU.
Not an export in import/export duty but their product already selling via amazon to US consumers, you can shred bit more light on this one if you N America duties.
You certainly don’t see Ash as a good communicator, but when’s the last time you see a conman talk like a conman.