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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
Folks starting ti cotton on to the value and potential here.
The size size of the opportunity for Guident and Microsalt are quite simply staggering. Things are bubbling away very very nicely this will breakout and rerate very soon in my view. Revive isn't included in any numbers and yet it would be no surprise to see it worth more than Tek's current market cap
Agreed seaman
The shocks could be a game changer
Good podcast , Haurald leading the way and seems very much under the radar here God knows why , I guess the funding will give us the real idea. Assuming the nod is that Rivive will have news RNSs before the next podcast
Https://www.linkedin.com/posts/auve-tech_form-activity-7184140368475549696-44KD?utm_source=share&utm_medium=member_android
Auve tech on LinkedIn, discussing Guident
Guident feels like a big company in a small company's shoes.
Separate podcast coming soon on shocks
Very interesting
I also think that the security robot via star robotics might actually get to market en mass quicker. Limitless possibilities there.
Impressive Mrozzy - Good chance that might translate to a very large contract with a big name. It's really snowballing.
Can't quite believe the market is assigning zero value to Guident and I don't care for the ' lack of mode of value transfer to shareholders' comments that are frequently banded about on here. Same as any junior company until they start paying dividends so totally illogical but it's developing so quickly I think major news, that just can't be ignored, will drop at some point.
Https://ukinvestormagazine.co.uk/rapid-growth-in-autonomous-vehicle-safety-solutions-with-guidents-harald-braun/
5 mins in
Largest US operator visiting Guident
Good morning IP3LY
Thanks for posting. Received the same myself. Don't really know what to make of it. Quite technical but sounds like some of the larger 'pie' owners got a payout instead of a share swap - I imagine cheaper to TEK capital.
Still looks like the rest of us will have to wait for a year but then will get a par for par conversation, so fingers crossed the SALT Sp is far in advance of where it is now !
Have a good day
Shaer xchange agreement.
Incorrectly spelt as some reason would not let me put the correct word.
note : the asterisk signifies: ************** agreement
you may already be aware that microsalt plc filed and completed an ipo on the aim market of the london stock exchange in february of this year. the company raised £3.1 million at a £18.5 valuation.
microsalt, inc. sold preferred series seed shares via a reg cf offering that concluded in 2022; you invested in microsalt inc. during this offering. it is our understanding that microsalt inc. did a reverse merger into microsalt ltd., which is the entity that went public on the london stock exchange as microsalt plc under the ticker “salt”.
you can read more about the ipo here and here.
we have asked the company for additional information and thus far have only received the following:
the ************** was initiated by microsalt ltd., the largest shareholder of microsalt inc., which owned 77.83% of microsalt inc. at the time of the offer. the ************** offer was made by microsalt ltd. to certain other large shareholders of microsalt inc., who were all accredited investors at the time of the offer. microsalt inc. was and is not a party to the ************** agreement, it is between microsalt ltd. and the other shareholders. there is no agreement nor requirement for microsalt ltd. to make the offer to all the other shareholders of microsalt inc. notwithstanding that there was no obligation to make an offer to all the other shareholders of microsalt inc.
the terms of the exchange were determined by microsalt ltd. and offered to several of the larger shareholders, who confirmed that they were accredited investors, and some of them accepted the offer. the offer is now closed and therefore the terms of the previous offer and the pro forma cap table is not relevant. after the consummation of the transaction, microsalt ltd. will own between 87% and 91% of microsalt inc. the remaining shareholders of microsalt inc. will continue to own the exact amount of shares that they owned when they bought the shares and the rights and percentage of ownership in microsalt inc. will in no way change. the shareholders of microsalt inc. will have the same liquidity in microsalt inc. that it had prior to the exchange.
most microsalt inc. reg cf investors were not part of the ipo, but a few investors have told us that they had the opportunity to convert their series seed preferred shares in the ipo. microventures received shares in microsalt inc. as part of the offering. we did not elect to convert due to limited clarity from the microsalt group and what that outcome would be for all investors on our platform. since august of last year, we have requested details from the company on what this ipo means for your investment as well as liquidity options in the future. to date, they have not provided any details. we will share any information from the company if and when received.
In the meantime, if you would like to request additional information, you can reach out to the company directly:
Max Inglis – minglis@tekcapital.com
Konrad Dabrowski – kdabrowski@tekcapital.com
Clifford Gross – cgross@tekcapital.com
Rick Guiney – rguiney@microsaltinc.com
Zachary Sobel – zsobel@egsllp.com
David Selengut – selengut@sgsllp.com
- The MicroVentures Team
Correcto CM. 100%. Pedigree CEO and suitors listen to him. All these advanced tech companies are falling over themselves to utilise Guident's niche product, because of him, I suspect. Trusted and respected.
That 'conservative' valuation is inbound and 'should' cause a bit of a stir in this little eddy.
When you invest in Guident i feel that you are investing in Harald Braun. Even if you don't fully understand all the potential markets you are betting that Harald really knows what he is doing and is able to deliver on his connections in the industry.
Hope so my average is massive need 300% lol
LTH
Stunning the size and scale of the opportunity for Guident is off the scale and it is actually happening. TEK shareholders/investors a sleep at the wheel in my opinion Guident will be worth multiples of current market cap to TEK IMHO