Ann: Next Science receives EPA approval for Surface Disinfectant, page-52

Hi breilly..... I am no analyst so my opinion is of little value but, FWIW....
NXS launched on the ASX with a huge shebang, all shiny and studded with stars - Lang Walker, George Savvides Judith Mitchell ( https://www.nextscience.com/board/)... with a product worthy of such high flyers.

....And the market loved it at first.
......right up to that glorious May presentation.
- And I can not read charts very well but still it does not take an expert to look at the price and volume on the NXS chart and see that it has been downward trending, and people are selling into any good news?



When will that stop? ... Especially in the current difficult global market?
.....Especially with those 40 million shares released from voluntary escrow on April 20, 2020?
(More info on escrowed shares [here])

And notice how relatively small the volume bar was to raise the price quite a long way in April few weeks ago .... In fact if you look at the price history on April 8 - the day before the annual results were published - there was a big jump in normal daily volume to 776,041 shares - taking the price from $1.21 up to $1.635.
....To me this looks like a bit of a set up, and I do not trust Patersons/Cannacord which was spruiking NXS leading into that report.

So I think, regardless of the excellence of the products, NXS had a history of being played by brokers and institutions and there is not much it can do about it.

In the spoiler is the price history in May before and after the May 27 presentation:

Spoiler : Volume and price around May presentation

As far as them being ‘on the right track’ ..... With reference to that May presentation again - it was all sunshine and positivity BUT the sales growth charts in the publication only went to April .
Did the BOD already have an idea when that sparkling report was presented to investors that it would be the last really positive news there would be (up until now? ) because their up to date sakes data showed they had already ‘lost’ important key customers.

If so was this scrupulous ?
It’s great directors took shares in lieu of fees recently but it woud be good to see more support of ordinary shareholders


cheers