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Without a doubt it has been a painful experience for us invested for a long time but clients like Interpol Lenovo HSBC Meta etc etc give me hope .
Have a look at the comments section here.
https://www.linkedin.com/posts/interpol_interpol-launches-first-global-police-metaverse-activity-6988830427054567424-zNRO?originalSubdomain=sg
Also on BBC
https://m.youtube.com/watch?v=PYuB-cCJwkU
That is definitely Engage platform but on Interpol secure servers for obvious reasons .
Great spot, thank you oldtramp. I am now even more confident in Engage XRs future!
You might like this the potential for medical education is mind blowing
https://www.linkedin.com/feed/update/activity:7059271080355475457
Hi cuddy
https://www.linkedin.com/posts/steve-grubbs-4708825_inspired-education-group-offers-academic-activity-7047253806505492480-3lA9?originalSubdomain=lu
Re the victory xr /meta 16 new metaversities they are slowly coming online from the avatars you can tell that they are on Engage platform for instance this is one of the new ones on the list
https://www.linkedin.com/feed/update/activity:7055941192340967424
Sure you are aware of the initial contract
https://www.lse.co.uk/rns/EXR/engage-and-victory-xr-to-launch-10-metaversities-sii1sfdswg70nor.html
I see it doing 10x from this level. No doubt it will be a painful hold, but I have confidence that you will end up in profit!
Hey Oldtramp do you know for certain that Engage XR are involved with either of those pilot projects?
Down 80%+ now! Not sure how I come back from this with this one!
Need to 5x for break even!
Good one Dave!
They have been silent on so many things, so it would be good to get a keen sense of where they have come out on costs and on converting interests and initiatives ( like with BASF) into hard contracts on attractive terms
Evening JDF hopefully get some news on cost management on 23rd May .
Would be good to hear about the 16 Meta sponsored metaversities
https://www.auganix.org/vr-news-victoryxr-announces-new-round-of-schools-will-roll-out-digital-twin-metaversity-campuses/
Also after the successful pilot of Inspired Education Group metaversities which has led to 17 now being signed up .
https://www.inspirededu.com/news/inspired-education-expands-virtual-reality-and-metaverse-pilot
With Over 65000 students in over 80 schools across 23 countries plenty of room for further expansion.
Positive on all fronts. Would have liked a mention on how they are getting on with cost-management plans
Evening cuddy no idea which day but agree should be this week .
Hey oldtramp - any idea which day the accounts will be released? Assume it will be Friday at the latest.
No problem cuddy it does correspond with the last day of trading on Euronext so not unexpected.
Results due any day now although we already know they are good except for the cash burn with £10m raised that is no longer a problem. An update included on current contracts will be most welcome With Victory xr ( they use Engage platform) now up to 100 metaversities plus other contracts a rerate could be possible.unusually we don’t seem to have an investors meet and a chance to ask some questions?
Anyway feel free to ask any questions I do tend try to keep up to date daily on the company .
Thanks
Movement of shares from one account to another.
Does anyone understand the two large purchases made at 3.5p. I can't believe that someone has been able to buy that size at that price?
Another 12 metaversities on Engage platform with Victory xr
https://www.inspirededu.com/news/inspired-education-expands-virtual-reality-and-metaverse-pilot
Also to add that the recent 'eat, sleep, vr, repeat' event was very well received and had wide coverage. So the tech works!
Engage xr is incredibly undervalued. Yesterday it was trading at a 21% discount to the placing that was backed by HTC and Octopus. They are very shrewd companies that wouldn't have invested if they though EXR didn't have a future. I estimate that EXR currently has around £10m in cash meaning their business is only valued at circa £7m which is incredibly cheap for a company in the tech sector that has strong growth a very attractive profit margin of 80%+. I believe EXR should be multiples of this share price and I think the imminent release of their full year report will help begin the re-rate.
Another large batch launching with Victory xr and Meta on Engage platform?
https://www.linkedin.com/feed/update/urn:li:activity:7038880074195996673
Have been updated
https://www.immersivevreducation-ir.com/content/investors/shareholder-information
Let us see what new deals and actual cash they bring in and what if any successful action they have taken on cutting costs without injuring client-facing capabilities
Last time I invest in a company early on! Literally down 75%.
All I ever see with these companies is paying tech guys nice salaries and shareholders paying for their lifestyle.
Reduce headcount and get that burn rate down. It’s a joke!
Well that's quite some dilution announced today. Fair enough if that's what is needed to see the company through to break even, but what a shame that the BoD apparently didn't foresee the need for this less than 3 months ago when the share price was around 15p.