Also all sales are initially in the US as there has been no word of further regulatory approvals ?
On November 10, 2018,
NXS exclusive distribution agreement with 3M to commence 01/01/2019 said ;
“
Under the agreement, 3M will begin exclusive distribution of BlastXTM Wound Gel from 1 January 2019, initially in the US and then globally as regulatory approvals are secured in Europe, Canada, Australia, Japan and other markets.”Hopefully this quarterly will see some of the lost 24 BlastX customers ‘returned to the fold’.
When the
27 May presentation was released there was a chart showing the massive year in year increase in sales to
APRIL, and also a special mention that 24 key BlastX customers (secured before 3M took over), had been maintained during the transition period.
View attachment 1796439Retrospectively I feel this focus was a bit misleading as by May the management must have realised there had been an immediate and significant drop in Blast X sales?
The ‘misleading’ might even be construed as a bit ‘reprehensible’ given that, following the presentation there was glowing promotion from brokers including Patersons (
see @speckyraider’s post o5/o6/19 38926520 ) and Morning Star (
@Pomodoro 20/6/19 39151587) and the price soared to a high point on June 19 (when there was an
ASX price query) followed by nothing except the release of 710,000+ options on June 26 until the June quarterly update on July 26.
Looking at the chart below it seems there might have been some kind of leak that the report was not going to be good?
View attachment 1796457In the light of all the above I expect that if Next Science managers are concerned for their reputation and is possible for the company to have turned things round for the upcoming report, they will have done so.
( Taking a cynical view especially because there are 565,500 US$0.31 options coming on market on November 9 )
[Followed by more than 39million escrowed shares next April (April 18, 2020 ) plus 650,000 options the same day .]
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4gu4yxX2v/lh7LFiGug=Here’s hoping for lots of positives next Thursday
Cheers
(20min delay)