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I think with everything going on in the world at the moment, you could say that the vast majority of companies on the stockmarket are shot to pieces !
Personally, I wouldn't issue a partnership RNS without checking the URL links are live.
Perhaps I'm being harsh on TEK, but the dearth of good news and resulting slump in the SP is frustrating.
I'll go for a lie down. 😴
How is that TEK’s fault?
Bit Harsh Bads. Isn't that Windsoreyes fault ? I'm guessing they're updating
Best
I think your glass is half full sir.
But it's easy to understand why
Irritatingly the distributors website is down, on the day the partnership is announced;
https://www.windsoreyes.com/
Can't TEK get anything right?
Good news.
Unlike Bell. Lucy appears to actually have an inventory too. Very seriously considering a small punt over there purely as a value bet if nothing else
The sp is so low .
Hopefully one day FlagStaffIR will post a link to something that makes the price go up.
Cliff needs to be forced out , total numpty and I do worry for Lucy and Gross junior
SALT news to secure the next big contract soon I would say otherwise smaller holders will continue to sell.
Guidant desperately need a revaluation!
Cliff so the right thing
AimingHigh2021 - to be fair, it's far too early to pass judgment on Microsalt yet and its share price IS still above IPO level (albeit over 40% off the February peak).
Lucy & Bell are looking fairly shot to pieces right now though.
But I'm sure Tek did EXACTLY the right thing when structuring these IPOs, holding on to their full allocation & watching the value grow. Oh wait - something's not gone quite to plan here.
Lucy, Bell, Microsalt what a crock of 💩
Some of their most recent promotional photos on X , etc , have been dreadful imv.
But I like the product and what it offers
LUCY is a fine example of great ideas not making great businesses. I still see people walking around talking to their phones because they're not even aware that smart glasses exist. They need massive promotional spends, not brand ambassadors that few people have heard of. If it were Beckham (not that I'm a fan), it would be a different story.
Might be worth buying a few lucy now. I can see them going on a bit of a rally with all the imminent launches this year., especially from where the sp is
Completely unsurprising I know, but blimey no wonder Tek wanted that money pit on the market ASAP. Like sending an expensive offspring off to college with a student loan application.
Raise is for;
" the launch of our new product lines (including, but not limited to, Reebok Powered by Lucyd), investment into distribution channels, and general corporate purposes. See “Use of Proceeds”.
Also, they've had a 180 day extension to the NASDAQ non compliance rule until 30th July 2024.
(Apologies for the "7" typo in the thread header)
Https://tinyurl.com/ydzujxzv
$1.1 million raise for 3.8 million odd shares @0.29.cents.
Further dilution for TEK, although the stake in LUCY isn't worth much anyway. 😄
Hi TopCatz - you’re welcome.
My interpretation is that we only have shares in Microsalt Inc. and so no value to Microsalt Ltd which is what is was floated (via reverse merger).
So as you rightly pointed - hopefully after a year there is improvement and they can convert like for like with SP higher.
Good luck and ATB. ;)
Fair play , but they do need to make them !
Perhaps folks and share price have a long way from here share price still way less than half of net asset value in my view