Member Info for Adamsky

Part 1 of 2

Aqc888,

First of all I would like to ask how do you know that you have done more research on this board than anyone else ?

Belluscura has lost value like most shares in the current climate but just brush this one under the carpet as the one proven success of TekCapital’s process doesn’t fit your agenda of publicising another share and trying to bad mouth TekCapital.

Let’s first of all concentrate on Lucyd eyewear as this is the next company to IPO, it has been delayed owing to the current economic climate.

You state …..

“Eyewear that’s going to do a proper job where those people at Google couldn’t succeed with it??”

Google glasses cost $1,500 several years ago, 10 times the Lucyd price and were more of a computer than eyewear. Maybe they were ahead of their time but the cost and technology was out of most peoples pocket and requirement.

Perhaps instead of challenging TekCapital you might want to get in contact with Bose and ask them why they entered the smart glass market. A world leading brand of audio equipment entering a doomed market. If you need their contact details let me know and perhaps you can save them from themselves.

Your comparison of ratings from Amazon for Lucyd glasses and Apple AirPods are ridiculous. Apple is a premium product that you pay a premium price for against a low cost smart glass solution. Try looking at Bose’s own website and their Alto glasses get 4.0 out of 5.0, 0.1 more than Lucyd.

Your posting is scattered with articles that suit your agenda and contain insults like ….

Joke of a company
Falls apart like a cheap suit
A cheap gadget
Tek is remarkably funny
Tek is the biggest joke of a company I have ever researched
I find teks investments so awful they amuse me…

I like to have a balanced bulletin board but not when your opinions are littered with snide comments, then it is time to ignore your rantings.

As regards Guident who knows how successful they will be , Tesla and the likes make autonomous vehicles not autonomous monitoring centres, that is the difference.

First real world use of their software ….

RNS 5th May

Pleased to announce that portfolio company Guident Ltd. ("the Company") has been selected as a vendor by JTA's Procurement Review Committee for JTA Proposal No. P-22-010 entitled "JTA Test Environment" to provide remote monitoring and control services for phase I of the Ultimate Urban Circulator (U²C) Project in the Jacksonville urban core area.

kunningken,

It is always good to have differing views on any chat board otherwise everyone keeps talking the share up and hyping it.

I also like you give your reasoning why you have sold out instead of just having a go and leaving.

I agree the silence from Lucyd could go either way, from a positive point of view we are in negotiations for a sale of the company for many millions OR there has there been issues that have stopped them from listing. As an investor I hope the former but who knows.

The one comment I disagree with is using the Guident news as a smokescreen, this is MASSIVE news that they have actually got an order and a use for their software that since today was only a concept.

I have also just listened to Harald Braun on the Vox Markets podcast , which has been released , and all positive news but the best piece was his comments nearer the end that a huge German company had been on the phone just before the Podcast regarding tailor use of the software and are looking for partners as they do not want to create the solution themselves. No guarantees but could be massive.

As I said I am an investor and only look for the positives. Who knows how high the share price could go IF Lucyd get bought out and Guident also get bought out and Salarius win a contract to supply a major snack company.

My opinion £1 might look cheap but who knows.

I also think it is time they onboard other products as if Lucyd float half their portfolio of companies they no longer have to look after or fund.

Have a good evening Adamsky

Thanks I have joined as well.

Adamsky

Please can you assist ?

Just tried the Telegram link but it won’t let me in as I am not a member.

I have held shares but sold out about 3 months ago but am looking at buying back in.

Thanks

Adamsky

oldblue,

Only 17.5%, only joking. I have a few of these as I believe the BOD will deliver this time and have absolute faith in them. I am trying to free up some funds to invest some more. Been here since 2013, maybe this year is the year.

Stay Safe and good investing.

Adamsky

Evening oldblue,

Jarvis is the financial institution that has the low cost broker x-o , this is where I buy and hold my shares so assume this is the accumulation of lots of PI’s.

Hope this helps

Adamsky

Thanks,

I had a quick look but why isn’t the Love Hemp site working ?

Am I missing something, I hope so, but first impressions not a good advert.

Adamsky

Evening All,

Please can someone assist ?

Just started carrying out some research as saw this share tipped on a Telegram group.

Thought a good place to start would be the website, on Safari and Chrome I am getting an error that a secure connection couldn’t be made.

Any idea or thoughts ?

Thanks

Adamsky

Morning All,

Used x-o for many years without any issues, adding money to the account and withdrawing money without any fees. An execution and simplistic service but works for me.

Adamsky

Afternoon,

Please can someone provide a link to the KR1 Telegram Group ?

Thanks

Adamsky

The !SE BB appears to be playing up by not posting a thread reply and when you then post the same post again the original one appears.

Apologies

Adamsky

Weathergeek,

Thank you for your reply and the information regarding Guident.

As I have always maintained we will be successful because of the products in spite of the Management.

We will agree to disagree as in my naive way at looking at profits the bottom line is , not creative accounting , that TekCapital is running at a loss but reporting a headline of a profit owing to the value of the sub companies increasing.

Regarding the dilution of Salarius and MicroSalt have a read of all the Q&A’s on the funding page, here is the relevant Q&A below.

Question from Alan .....

what percentage will micro ventures investors own of the company after the offering assuming that the pfds are converted to commmon? will tekcapital still be an investor in the company and if so how much percentage will they own? what was the thinking behing saltme purchasing the company from Salarius?

Answer from Konrad Dabrowski our CFO ....

Hi Alan,

Many thanks for your questions and interest in Microsalt. Please note that should the current target of $250,000 be met, assuming the $40,000 note does not convert and taking into account the discounted price for the first $100,000 invested, it would result in 4.96% ownership by Reg CF investors and 82.72% ownership by Salarius Ltd.

Regarding the fact pattern in your last sentence, please note SaltMe!® brand remains an inherent part of Microsalt business, which concentrates operational activities of both Microsalt® brand and SaltMe® brand.

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This was based on a fund raise of $250,000, they have now decided to triple it to $750,000 a massive jump why ?

The initial dilution was 4.96%, treble it which equals 14.88% take that away from our still quoted ownership of 87.1% we had so Salarius and Tekcapitals share will be down to 72.22% ownership of MicroSalt.

Please contradict the above and if you can then I will agree I am posting BS, if not as an investor in TekCapital you were obviously unaware of this dilution and did the RNS state this fundraiser would dilute the holding to this level , NO.

As for investing in our sub companies through the crowdfunding I have enough shares to track never mind having to invest in potentially 4 more. If these companies were IPO’d then maybe, also I am pretty certain the Lucyd fundraise was/is still only open to North American investors.

As a consequence of me trying to post factual information, with my own comments and being accused of posting “BS” and “bad mouthing” I will not post anymore on this board.

Stay Safe and good investing.

Adamsky

Weathergeek,

Thank you for your reply and the information regarding Guident.

As I have always maintained we will be successful because of the products in spite of the Management.

We will agree to disagree as in my naive way at looking at profits the bottom line is , not creative accounting , that TekCapital is running at a loss but reporting a headline of a profit owing to the value of the sub companies increasing.

Regarding the dilution of Salarius and MicroSalt have a read of all the Q&A’s on the funding page, here is the relevant Q&A below.

Question from Alan .....

what percentage will micro ventures investors own of the company after the offering assuming that the pfds are converted to commmon? will tekcapital still be an investor in the company and if so how much percentage will they own? what was the thinking behing saltme purchasing the company from Salarius?

Answer from Konrad Dabrowski our CFO ....

Hi Alan,

Many thanks for your questions and interest in Microsalt. Please note that should the current target of $250,000 be met, assuming the $40,000 note does not convert and taking into account the discounted price for the first $100,000 invested, it would result in 4.96% ownership by Reg CF investors and 82.72% ownership by Salarius Ltd.

Regarding the fact pattern in your last sentence, please note SaltMe!® brand remains an inherent part of Microsalt business, which concentrates operational activities of both Microsalt® brand and SaltMe® brand.

-------------------------------------------------------------------------------------------------------------------------------------------------------------

This was based on a fund raise of $250,000, they have now decided to triple it to $750,000 a massive jump why ?

The initial dilution was 4.96%, treble it which equals 14.88% take that away from our still quoted ownership of 87.1% we had so Salarius and Tekcapitals share will be down to 72.22% ownership of MicroSalt.

Please contradict the above and if you can then I will agree I am posting BS, if not as an investor in TekCapital you were obviously unaware of this dilution and did the RNS state this fundraiser would dilute the holding to this level , NO.

As for investing in our sub companies through the crowdfunding I have enough shares to track never mind having to invest in potentially 4 more. If these companies were IPO’d then maybe, also I am pretty certain the Lucyd fundraise was/is still only open to North American investors.

As a consequence of me trying to post factual information, with my own comments and being accused of posting “BS” and “bad mouthing” I will not post anymore on this board.

Stay Safe and good investing.

Adamsky

Morning Weathergeek,

I was hoping to refrain from posting this week as my frustrations were being aired on this BB.

Two points I would like to challenge you on.

My knowledge of accountancy is simplistic in that to make a profit your income has to be more than your costs. The profit before tax of US$1,897,629 was achieved by unrealised profit on the revaluation of investments of $2,301,963. In laymen’s terms, which is all I know, from a pure operating point of view the company lost $404,334 and achieved a profit by the underlying valuations of the companies being increased., by whom ?

All the accountants will descend on these comments saying the signed off accounts show a profit but on an increase in NAV which isn’t going to pay our ongoing costs, hence constant dilution at TekCapital level or this new , not reported immediately, ,crowdfunding method at the sub companies level.

As I am the one who has recently reported reduction in ownership percentage of the sub companies please can you expand on your comment below , what you are specifically disagreeing with ?

“However some of the stuff written here is utter BS. TEK isn't loss making nor have we reduced holdings as much as said.”

I look forward to your reply

Adamsky

Afternoon TopCatz,

In answer to your question one of these things has got to happen in the next two months for me to stay invested.

In order of likelihood, in my opinion ......

Belluscura - FDA Approval

Salarius - multinational snack food manufacturer signs a supply contract with us

Guident - very positive update on shock absorbers or JV with a major player in the EV/self driving arena

Lucyd - take over bid or partial buy out by a major company

Guident - Tesla launches a bid for our IP

I win £180 million on the euros tonight

Salarius - Manzanilla stops posting his videos and self promoting material on Twitter and concentrates on the job he is being paid by us for.

Sorry about the last two but needed to lighten the mood

Any other news you guys think might be delivered that I have missed ?

Stay Safe and let’s hope for some substantial news....soon

Adamsky

BigBang,

Excellent comment below .....

“There is no doubt the products being developed are for the good of mankind and will come good. However, they have to recognise this is a private company and investors are looking for a return. Usually, if people want to play the philanthropist, they do so with their own money!”

Even if this comes good I won’t be eating my own words as the postings by me over the last couple of days stated facts with my own comments thrown in. If anyone wises to challenge them feel free.

Let’s hope for some very good news soon.

Adamsky

ClenchedCheeks,

What a great post. As I was told first impressions count and the CEO of Salarius , Manzanilla, is posting 3 to 4 times a day on Twitter. For those who haven’t seen him some of the posts contain videos of himself and are not just your normal short Tweets , these videos took time to create.

One of the posters said Manzanilla had been with the company 18 months, incorrect, 1st August 2018, OVER 2.5 YEARS AGO.

Here is part of the RNS ....

Mr. Manzanilla has significant business management experience in Fortune 500 companies. His expertise is focused on building and leading teams, developing and strengthening both new and global brands and delivering financial performance.

As you say with the absence of data we only have the information from the RNS’s and the fundraising page.

Three distribution deals
Launch of some crisps
18 restaurants signed up
$50k a month cash burn
Dilution of ownership to TekCapital shareholders from 100% to 72.5%.

This product was ready to go when he was appointed 2.5 years ago, start to deliver or go.

We did hear that things are taking longer because of COVID but if anything this pandemic has focused people on a more healthy lifestyle.

Have a look at the calibre the management of Salarius , on paper they are amazing, I will repeat on paper.

https://www.microsaltinc.com/about/

I apologise for my negative or realistic posts but I am so frustrated, great products but failure to deliver is a common theme.

On a semi lighter note I think Clifford Gross is playing a video game similar to fantasy football called fantasy companies where you employ the best professionals you can hire. As we know it is not the players you have but the person who has the controller, get my drift Clifford.

I still believe but will TekCapital deliver ?

Have a good evening.

Adamsky

A good debate going here which is healthy

Why am I invested here as I think one of the products will take off despite management’s mismanagement. Like other investors I am going to give it another couple of months then sell up as I cannot invest in a company that constantly fails to deliver, however good we are told the products are.

Even in December they were claiming Belluscura FDA clearance by the year end, outrageous. Here are their previous track record from the RNS’s...

16/11/17 - Were going to IPO but on the 1/12/17 cancelled
31/5/18 - Filing of FDA in 2018
19/2/19 - X-PLOR launching later in the year
26/9/19 - Is on track to receive FDA later on the year
20/4/20 - FDA clearance in H1
1/5/20 - FDA clearance in H1 and manufacture in H2
17/6/20 - FDA clearance in H2

The management are either totally incompetent or haven’t a clue about the FDA process, or both. The communication during the process was shameful and other posters were finding out more information looking at deliveries of test machines last year to the FDA to find out progress. In the meanwhile owing to the constant delays our ownership goes from 95% to under 19%.

Salaruis becoming a similar story, as posted several times by me , 25 companies testing MicroSalt in January 2020, we will know within 3 to 6 months, 11 months later ,last December , 1 company carrying out taste tests. Meanwhile our CEO is having a great time self promoting on Twitter several times a day. Where are the sales figures for SaltMe or are we going to get told they have signed up mother distribution deal or another 18 restaurants, WOW.

Lucyd Lyte launching November 2020, launched late December 2020, missing the Christmas period. Vyrb App beta in December launching soon after. Did my ears deceive me or did Harrison Gross on the latest video say JULY, are they developing it on a Raspberry Pi !

Yes we are a company bringing new products to market but in all three examples above the management have failed to deliver on their own deadlines not ones we have imposed on them. Whilst they continue to dilute our share of the companies without much accountability.

Remember we own the company paid for by our own hard work and pay theses guys wages.

Am I frustrated , yes, as they have great products but need management to deliver.

Time to deliver is fast approaching.

Adamsky

BigBang, thanks for posting this document.

Please can someone with more legal understanding correct me as if I am correct I am one unhappy investor.

After reading the crowdfunding for Innovative Eyewear If we raise say $1 million a million more shares are issued meaning that Lucyd/TekCapital owns 3,750,000 of the new total of 4,750,000 shares in Innovative Eyewear, a dilution of 21%. Forget that we still own 100% of Lucyd as the only company and product under Lucyd is Innovative Eyewear. I am not sure about the patents. Also the document mentions up to 10,000,000 shares can be issued !

Are these crowdfunding legal under the current companies constitution as any fund raising at TekCapital’s level has to within the agreed constitution. Also we were not notified about them until they were several weeks into the crowdfunding . Also both crowdfunding started off at a lower amount and have now gone higher , MicroSalt three times diluting us by originally 5% to 15% and our share in MicroSalt down to 72.5%, again forget that we own 97% of Salaruis.

Why didn’t they just carry out a normal share dilution fund raise at the top level. The money they want is roughly equivalent to a 10% dilution across the board instead of heavy dilution at each company. Also can we take part or are they only for North America, personally I don’t want to have to invest in all these sub companies as with a normal fund raise I just buy more shares if I want to keep my stake in the company.

The last stock market fund raise was criticised by Align Research, their previous research company. Mainly about Clifford Gross fundraising to pay his large salary without delivering anything. Unlikely but did this have anything to do with this back door funding route without an RNS initially ?

I hope I am wrong, please , and we need more than ever FDA approval to get some money in, forget about a dividend do not dilute us to a minor share of the company like Belluscura and more worrying Harrison Gross was highly enthusiastic that this is the way to go!

A worried investor

Adamsky

The good news is TekCapital is far more active on Twitter BUT we need substantial news not just tweeting of articles telling us how important their products are.

Like Giancotti I am so frustrated but I am hanging on mainly because I know that one of the products will be successful. The trouble is TekCapital are getting a reputation of missing self imposed deadlines.

Apart from Guident , who have never committed to a deadline, all the three other major companies have failed to deliver on time, Belluscura is an absolute joke. I used to be a Project Manager and I would have been sacked ages ago if I was in charge of the farce that is FDA approval.

Salarius

Last reported sales of MicroSalt June 2019.
January 2020 - 25 companies assessing the MicroSalt product and we would know the outcome in 3-6 months !
2nd of December - Additionally, a leading global snack food company has successfully completed its initial evaluation of MicroSalt® and has proceed to begin consumer testing for potential inclusion with its products.
May 2020 SaltMe crisps launched, 10:months later and no sales figures.

Lucyd Lyte

Over a month late launching and missing the Christmas sales period also where is the App that was promised in December ? Hello , we are nearly in March.

Belluscura

Two of the many promised missed deadlines

RNS 31/5/18 - Filling for FDA
RNS 3/12/20 - hopeful that clearance still given in 2020 !

Great products, great prospects, great management (on paper) but failing to deliver.

Stay Safe and try to Stay Positive

Adamsky