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Facebook = Metaverse
Facebook.. one of major leaders for AR/VR tech development..
Facebooks tech, resources, and metaverse vision.. doesn't need anything from NexNoTech.
major players; Microsoft, Facebook, Google.. have made HUUGE AR investments relative to NexTech.. won't make be making profit off this for years to come..
NeXTech is a greedy company thinking they can take advantage of investors in a hyped up 'first mover' market. Expenses way to high.. industry to be taken over
Any company can create 3D models for Shopify products.
help.shopify.com/en/partners/resources/creating-media/3d-models/creating-3d-models
This tech NexTech uses to create models, is no better than tech used by other companies like Google.. much of which is available through open source projects...
The competition in this industry seems unlimited with little investment needed... NEXCF expenses.. way to high!
OVERVALUED
NexTech Net Income TTM:
2021/06: -27.27M
2021/03: -23.41M
2020/12: -15.59M
2020/09: -9.397M
2020/06: -6.709M
2020/03: -6.036M
2019/08: -5.388M
2019/05: -4.668M
so true. smart money been gone long time...
Still wondering if some execs here will absolute idiots, or just smart at playing the game..
What do you think?
The result of whatever it is NEXCF patented here is just a 3D model converting pipeline. Nothing unique/groundbreaking here. Just another scheduled PR, where prior, the CEO only ever talks about how he hopes it'll make the stock go boom. The market is smart, recognizing classic deception. Threedy.ai image -> 3D model was much more interesting.. but this isn't working as good as hoped!
Anyways.. not much money for any of these ventures. Anybody can do it, way to much competition, customers not willing to pay much.. just like their main AR products..
80% of revenue here still comes from product sales.. aka vacuummcleanermarket.com, infinitepetlife.com, and trulyfesupplements.com.
What are you actually invested in here?
NTAR market cap: $180M = overvalued
To funny how he literally says any company can do this same thing but only we can do it on scalable level.
Scalability here is as easy as spinning up more Docker containers. What a garbage useless patent. The deception with this CEO is unreal.
there's not much to figure out!
1. import CAD file into free Blender
2. convert into "poly" file
3. import new 3D model into AR env
Nothing new here
Who is the company trying to deceive here?
CAD files can easily be converted to 3D models for use in AR using dozens of free tools.
How is this groundbreaking? I thought NEXCF was already doing this long ago.
Just a pipeline designed with open source technologies. Competition is ample... NEXCF won't be a leader when everyone else can do the same thing. Worthless
Bitcoin did nothing to the stock other than prove how incompetent the CEO really is.
Dallas ISD pump was the gateway here. Pump articles released on every site without disclosing the value of the contract (which turned out to be just $22,000).
market cap inflated from $120M to $480M within weeks.
NEXCF way overvalued.
toooo funny. NEX no tech is garbage. nothing here
NTAR Net income TTM:
June 30, 2021 -27.27M
March 31, 2021 -23.41M
Dec. 31, 2020 -15.59M
Sept. 30, 2020 -9.397M
June 30, 2020 -6.709M
March 31, 2020 -6.036M
Aug. 31, 2019 -5.388M
May 31, 2019 -4.668M
Canadian cannabis grower completes 2021 planting season
The 2021 harvest is coming to an end. more outdoor/indoor space licensed than ever before..
Over 1,000 acres licensed for outdoor growing in Canada..
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/licensed-area.html
if 1,000kg yield per acre..
that's a billion grams of cannabis...
equal to a hundred billion milligrams of pure THC (10% extraction rate).
which could be well over 3 billion cannabis infused drinks (30mg/drink)..
just from outdoor acreage alone.. potentially enough supply for every single person in Canada to have 75 drinks per year...
Oversupply occurrent, THC way overvalued.
Canadian cannabis grower completes 2021 planting season
dailyhive.com/vancouver/dfgdytdb
3D ads look like something you'd see in the 2000's. Where's the innovation here?
Over 1,000 acres licensed for outdoor growing in Canada..
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/licensed-area.html
at 1,000kg yield per acre..
that's a billion grams of cannabis...
equal to a hundred billion milligrams of pure THC (10% extraction rate).
which could be well over 3 billion cannabis infused drinks (30mg/drink)..
just from outdoor acreage alone.. potentially enough supply for every single person in Canada to have 75 drinks per year? - but please take it from the kids
End of harvest is coming... Expect huge increases in supply as the crop is picked throughout the next few months
Supply only to increase. Many more entering industry.
Cannabis is overvalued
Exactly, one day NexTech will become obsolete, useless, no money here
Yet, retail stores are packed with product. No retail supply shortage here. Isn't supply only going to improve/increase in the future?
THC overvalued.
ACB worthless
Just 10,000 global producers producing 10,000kg per year each is 100 billion grams of total cannabis.
Canada has 500 licensed producers while the state of California alone already has almost 5,000!
10,000kg? could be grown in a medium sized greenhouse or on just 10 acres outdoors.
Colombia, Thailand, Lesotho, South Africa, Caribbean, all entering industry with force...
Competition high.
ACB [$1.5B] overvalued
Colombia Lifts Legal Barriers, Marks Significant Step Forward in Cannabis Growth
Nextech AR to Acquire AR Cloud-3D Mapping Company ‘ARway’ Transforming Into A Metaverse Company
this narrative how the scam was all Wang and we don't have to worry anymore is BS.
Wang = Ghost
Still overvalued. Expect technology revenue streams to decrease in the long run while management hopes sales from the pet and vacuum e-commerce sites save the stock price.
Any company wanting AR themselves...
in reality, a single developer could be hired for using open source technologies to build an app meeting simple AR requirements. The dev toolkits are easy to use.
we can't expect all potential customers will do this.. but defiantly more companies/products will enter the market. It's easy for one to brand themselves as an AR company in these times..
The revenue growth here is insane!
To bad most of it comes from vacuums, pet products, and miracle healing supplements..
investorshub.advfn.com/uimage/uploads/2021/6/18/nzhuo1.PNG
webfiles.thecse.com/sedar_filings/00045889/2105121531080526.pdf
Net Income (TTM)
2021/03 -$23.41M
2020/12 -$15.59M
2020/09 -$9.397M
2020/06 -$6.709M
NEXCF AR tech? overhyped, overvalued, almost useless. Good luck with those new AR contracts, competition here rising fast.
NEXCF / NTAR scam continues
it only matters what the markets think.
but it seems they are now realizing how replaceable NexTech solutions actually is.
Microsoft Mesh platform announced just 4 months ago.. since then, NTAR share price has collapsed in half.
Date: High, Low, Volume
2021-05: 2.3, 1.7, 1,445,200
2021-04: 3.7, 1.7, 7,135,700
2021-03: 4.6, 3.1, 4,657,000
2021-02: 5.4, 3.8, 7,085,300
microsoft.com/en-us/mesh
NEXCF really has no unique tech. What would they be after?
The patents here are BS and worthless.
MSFT Co-seller program (NEXCF pump "Microsoft partnership") produces $10B/year revenue from thousands of companies.. NEXCF is a nil contributor.. Don't hold onto the thought that Microsoft sees potential in NEXCF because of this "partnership".
you mean like 2 other retailers and 1 other school? These contracts will be lost easily
because they targeted this before it was an industry. Microsoft and big tech companies now coming out with their own. Good luck NEXCF
Microsoft, FaceBook, open source, everyone already has the tech.
What would they be after with NEXCF? some webdev?
certainly wouldn't be after contracts.. Microsoft will have more "contracts" than NEXCF ever has the day they flick the switch commercializing Microsoft Mesh.
The day NEXCF's few customers shift away.. will be disastrous for revenue streams
big tech is really on the research and development case here - its the future, why wouldn't they?
Microsoft (like several other big tech companies) is trying to "partner" with as many AR companies as they can right now. The feedback and reviews from these applications will help harden and develop their own technologies.
check out Microsoft Mesh, this product seems to be going for what NexTech provides. You can try a demo of Mesh right now but as of today - officially unreleased (under active development).
A large majority of revenue here is from 4-5 big customers paying way more than they should be for an overvalued service.
When these few customers find something better and cheaper.. will see huge hits to the income statement..
Meanwhile, now NEXCF employs/pays hundreds, with dozens in sales on the phones 8hrs/day trying to bring in more...
The secret is.. they are truly struggling to bring in more..
NEXCF overvalued
Net Income (TTM)
2021/03 -$23.41M
2020/12 -$15.59M
2020/09 -$9.397M
2020/06 -$6.709M
No unique product here. Overpriced. Lots of competition.
With the hundreds of different cannabis strains out there, you don't need a patent for one of the many notoriously high quality strains that everyone will be wiling to buy..
and you don't need a thousand workers, scientists, and executives with multi-million dollar salaries to grow one of them...
Patents in this industry are stock pumps.
in the future, if you want to keep selling at high retail prices and turn a profit..
its likely only these premium "backyard greenhouses" will survive.
ACB grows hundreds of thousands of cannabis plants across their massive grow spaces. These plants live in isolation, uncared for, all just subjects of mass production until harvest - which is fine because THC is THC - the true underlying and overvalued commodity here.
Meanwhile the "little backyard greenhouse" plants a few hundred cannabis plants, grows to quality with care, and turns huge profit.
maybe like Scotlands first medical farm https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164263838 - but the greenhouse could be smaller - that little greenhouse is good for $81M/year, a bit to much to be considered "backyard"..
...
ACB could turn and be profitable (Its the most profitable industry out there). But they will never sell enough supporting its current $2B market cap.
Overvalued
NEXCF/NTAR way overvalued. "Microsoft sales partnership" just a pump, anyone with a product can partner with Microsoft.
No unique technology here.
Just bad technology.
CEO only cares about the stock since the day he came up with the idea for this company.
Way overvalued products, losing customers, losing money...
Net Income (TTM):
2021/05: -17.99M
2020/12: -11.76M
2020/09: -6.994M
2020/06: -4.969M
selloff continues...
Date: High, Low, Gain, Volume
2020-08: 4.9, 3.5, -39%, 6,254,700
2020-09: 4.7, 3.2, -45%, 5,779,900
2020-10: 6.9, 4.2, -66%, 8,316,300
2020-11: 6.5, 4.5, -45%, 7,064,300
2020-12: 6.0, 4.7, -26%, 6,471,100
2021-01: 5.4, 3.7, -47%, 7,904,700
2021-02: 5.4, 3.8, -41%, 7,085,300
2021-03: 4.6, 3.1, -45%, 4,657,000
2021-04: 3.7, 1.7, -111%, 7,135,700
2021-05: 2.3, 1.7, -36%, 1,445,200
TOTAL: 6.9, 1.7, -310%, 62,114,200
ARitize reviews:
https://play.google.com/store/apps/details?id=com.NexTechAR.ARitize&hl=en_US&gl=US&showAllReviews=true
Cannabis shouldn't be compared to alcohol, coffee beans, etc..
How many bottles of wine would need to be sold for 100k revenue?
3,333 bottles at 750ml/bottle for $30/bottle - or ~2.75 tons of wine.
How many cannabis plants needed for 100k revenue?
100 plants at 200g/plant for $5/g - or just 20kg of bud.
What's easier to grow, transport, sell -
20kg of cannabis or 2.75 tons of wine?
More resources would be needed to grow the grapes here than 100 cannabis plants...
Better cannabis than anything Aurora sells can be produced at costs near one cent per gram.
Why are we still paying $5+/gram!?
The price of illegal product. We take advantage
a building, some seed, and water are all you need. Now everyone strives for quality. Most have realized you don't need companies with execs taking multi-million dollar salaries for quality.. Much simpler than that.
Scotland's first medicinal cannabis farm:
Wow. Wonder where he gets all this cash.