Quick Take
NuZee (OTCQB:NUZE) has filed to raise $5 million in an IPO of its common stock, per an amended registration statement.
The company sells coffee products under its own brands as well as third party products.
NUZE is a tiny company that has produced highly uneven results, is burning through cash from operations and is asking investors to pay an astronomical multiple for the IPO.
My opinion is to AVOID it.
Company & Technology
Vista, California-based NuZee was founded in 2011 to manufacture and provide single-serve pour-over coffee products in the