Hi discrete ... I think the 3M name *was* important to investors back at the IPO but since then it seems the reason 3M signed up with NXS for global distribution rights was to hide the product on a bottom shelf.
Soon after securing Blast X it announced it was spending US$11 billion plus (??) on a company - Acelity - that had a silver-based antimicrobial ‘competitor’ and almost immediately NXS lost its ‘key customers’ .
Based on my research the ethical reputation of 3M is not high.
Moreover NXS directors, who knew this break was coming, bought strongly into the recent capital raise and on market not long ago at higher prices.
I topped up
cheers
Hi discrete ... I think the 3M name *was* important to investors...
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