Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Warrants back up to 0.82 , up over 30% too
I follow Lucyd on Facebook and today they changed their profile name to: Lucyd Glasses
Likely so the name better reflects the product and improves sales.
The first trading update will be crucial.
Yep up 10% now. Will settle down and they have the cash for growth now. Plenty of big news coming not least on Microsalt which is the jewel getting brighter and brighter.
With TEK tiny market cap this is where my money is buying up the loose shares. Onwards and upwards will be back soon enough.
Bounce
Hi Sea
Yes lots of value in Microsalt and Guidant !
It is possible that seeing as Apple are into health tech wearables, that they might have their eye on Innovative Eyewear in a total buyout to get the IP and also seeing as they are the only company to provide prescription lenses for Bluetooth Audio Sunglasses it would be a no brainer for Apple !
In which case 10 bagger !!!
StarKnight
Sadly an increase of 2% - lasting approximately one millisecond - on a small portion of Tek's total portfolio really doesn't amount to a whole row of beans. Particularly when Lucy has the dubious honour of halving its share price in just 15 days since floating. Still, at least they raised the required dosh to fund expansion. Let's just hope $$$$$ signs before their eyes don't cloud their vision.
Hi Star , I like the optimistic view keep that going . For me the value will come from Microsalt and Guidant news which we are closer too and hopefully around the corner
GLA
Hello all
Innovative Eyewear is up on opening today ! A good start !
NASDAQ (LUCY)2.95 +0.06 (+2.08%)
Hopefully it will boost our Tek SP back to where it should be in the 30-36 p range
StarKnight
Thanks Bill.
It didn't. It refers to a combined offer price of $7.50. The 90c was the market price of each warrant yesterday. So the combined market value was about $7.70.
Can someone point to where in the IPO statement it states that the warrants were valued at $0.9 each??
https://www.sec.gov/Archives/edgar/data/1808377/000182912622015921/innovativeeyewear_424b4.htm
https://www.londonstockexchange.com/news-article/TEK/lucyd-pricing-of-us-7-35-million-ipo/15584306
"...pricing of its initial public offering of 980,000 units consisting of 980,000 shares of its common stock and accompanying warrants to purchase up to 1,960,000 shares of common stock. Each share of common stock is being sold together with two Warrants, with each warrant exercisable for one share of common stock, at a combined offering price of US$7.50, for gross proceeds of approximately US$7.35 million,..."
"..We have granted a 45-day option to the representative of the underwriters to purchase up to 147,000 additional shares of common stock at a price of $7.48 per share and/or up to an additional 294,000 Warrants to purchase up to 294,000 shares of common stock at a price per Warrant of $0.01.."
See tek tweet
https://twitter.com/tekcapital/status/1559442334298697728
Now 30% down on the IPO price
https://www.cnbc.com/quotes/LUCY
Oh so they’re saying that the LUCY price has effectively increased since launch? At least in respect of its value in TEK’s books? Interesting.
TEKs view :
Great 1st day for trading on Nasdaq for Innovative. Huge interest with:
- over 3.5x float traded in volume, and
- unit price at around $7.7 at the close ($5.89 common plus 2 warrants at $0.9 each) versus $7.5 IPO price for the unit.
Just seen price and it’s already down 20% from IPO price.
Is Lucy really worth £40 million when tek is only £45 million...
Trying to understand pricing, I do have shares in tek, so not trying to knock...
Do people on here understand the Lucy price vs warrants?
$8 close would make things interesting
Looking good on Nasdaq Pre Market SP up 1.70% to $5.99
We will follow if a decent rise !
StarKnight
Wouldn't be at all surprised to see Lucy fly today
Excellent getting the IPO away. From concept to fully growing functional listed company in record time.
As said the crowdfunders taking their profits but will miss the big rise as they establish even more and have the money for growth now.
Step forward the news on Microsalt next and not forgetting BELL which is set for explosive growth. Cheap as the chips I’m having for me tea!
Its settling down
Traded heavy ...................
When it moves forward so will ours
Mirror
Castle
Lucy SP “only” down 16% now, NASDAQ rallying somewhat.
Disappointing but a HELL of a lot better than 30% down!
The quality of the eye wear both in sound and vision will sell itself by the best advertising ever !! Word of mouth to friends family. Top quality at an affordable price point !! It will rocket !!
StarKnight