Member Info for Aqc888

Read what jaknife just wrote on advfn. Pretty concerning stuff.
The oxygen business is the largest holding, and this can be bought without tek as the middle man. The fact it’s lost a third of its value while the Tek share price has held up shows tek is probably over priced.

The second biggest holding the eyewear business… take a look at jaknifes comments just now on advfn… looks beyond dire

.

Really… check out what’s just been posted on advfn. The situation here is even more dire than even I expected…

Further damning evidence of Teks inflated valuations just posted on advfn. It would seem the situation here is even more dire than even I expected.

Belluscura;
This is a publicly quote company that can be accessed without tek. It seems a fairly sound company. However the share price has dropped by a third recently - while Teks share price has risen.

My analysis of tek is that it’s a high risk investment comprising of only 5 investments in the portfolio. Those companies do not appear to be strong investments in my opinion. Teks share price is down over the past 5years and they have no track record of success. I’d also say to those following Simon Thompson’s advice on Venture Capital picks - look at his previous VC picks included in his annual bargain list;
Allied Minds -50%
Arix Bioscience -50%
BATM -50%

One to avoid in my opinion and teks near 40% discount to nav is not given by the market without reason. I’d expect tek to return to its 12p valuation given by the market a year ago, before Simon Thompson’s tip.

A weak company with a weak track record and extraordinarily rude commentators on this board - which admittedly prompted this review of Tek.

Microsalt;
Microsalt bind sodium crystals to an inert particle which enables the same taste as salt but with half the salt particles being used. Which sounds like a great market.
However they are currently retailing at $20 for a six-pack of, 5 oz. bags. From what I understand the salt seasoning comes in a separate bag inside the crisp packet. They have a trial in a few thousand stores in the USA. The majority of new products put in supermarkets last less than a year and new start ups must pay for premium shelf space. They will also be using intensive advertising to get a foothold. In my opinion microsalt has potential, but the odds are stacked against them. In January 2022, MicroSalt reported annual sales of $125,000.

https://thespoon.tech/microsalt-reformulates-salt-so-you-use-less-of-it/

Guidance;
Guidance is a company which hopes to remotely assist autonomous vehicles.
Read this Financial Times article on autonomous vehicles and their assessment of this market - which does not support Teks investment here.
If fully autonomous cars do make the mainstream rather than ADAS, what are the chances the likes of Tesla /Google are going to outsource the most important part (safety) to a third party? The journey to fully autonomous is taking much longer than expected as ehighlighted in the FT. Think teks investment will last the next 5-10yr without running out of money?
https://www.ft.com/content/46ff4fe4-0ae6-4f68-902c-3fd14d294d72
Here are some clips from the Financial Times article;
Big Tech’s failed takeover:
Urmson’s logic felt sound at the time: ADAS was rudimentary, whereas robotaxis seemed just a couple of years away from mass deployment. Waymo prepared to order 82,000 such vehicles in 2018, Uber projected it would have 100,000 on the road by 2020 and Lyft divined that a “majority” of its rides would be autonomous by 2021. But none of that happened.
A quick snapshot of both industries demonstrates clear advantages for the dark horse ADAS approach. Today’s driverless car groups are burning through untold amounts of cash. Cruise alone has raised $10bn and just opened a $5bn credit line to build more vehicles. Waymo was funded by Alphabet for a decade before raising $3.2bn in 2020, but it still needed to raise another $2.5bn last month. Zoox was so close to running out of money that it sold itself to Amazon early in the pandemic, while Apple has been working on autonomy since 2014 without so much as a prototype to show for its efforts. Several big companies have already thrown in the towel: Uber in effect paid rival Aurora to absorb its 1,200-person team last year, while Lyft sold its ambitiously-named Level 5 unit to a division of Toyota in April. Regulators are hesitant to give a green light to robotaxis, but they are cheerleaders for driver-assist tech.

To anyone out there who’s read this weekends edition on Investors Chronicle and is thinking of investing. Here’s what my research has concluded.

Tek has an extremely concentrated portfolio of just 5 investments - which for an early stage venture capital leaves you pretty exposed. Compare that to its peers Augmentum fintech and frontier IP (both which I have invested in) they have;
Augmentum 25 investments.
Frontier IP 17 investments.
Early stage companies are obviously high risk, so spreading eggs is what most established VCs do. You may as well invest through a SEIS for the tax relief if your not interested in diversification.

But let’s look into the 5 investments in some detail;
Lucyd eyewear-
This is a pair of sunglasses that have a battery in the frame and have a Bluetooth function for music. They have recently delayed a $10m ipo. Here’s a link to them on Amazon where they have a review of 3.9/5. Apple AirPods which also use Bluetooth to listen to music currently have a 4.7/5 review on Amazon. My personal opinion of them is that they are not a premium product, Bose have also recently entered the market for Bluetooth glasses. They too have failed to get good reviews for this type of product. Even with their large R&D spend available.
http://www.amazon.com/Lucyd-Lyte-Bluetooth-Sunglasses-Polarized/dp/B08FW3NMT9#aw-udpv3-customer-reviews_feature_div

Another win for cancel culture! Debate with a strong view and perhaps some whitty comments about the subject (Tek) are all a bit too unnerving it would seem.

Adam sky, note all my comments which you quote me on;
“ 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…”

Notice how they are all focused on Tek Capital - compare that to your rather personal insults ending with “don’t bother replying with your insults”. It’s like you have some emotional attachment to Tek… dangerous thing to do when investing. However that seems to be the norm here. Debate is an unwanted danger here, so I’ll leave you all to congratulate each other on your wisdom and superb investment here! Good luck!

Could I ask you why whenever a negative point on this board nobody ever counters it? Isn’t that the purpose of these boards? Instead weird “he’s a devious ramper” type comments start flowing. Why not focus on the debate. Point out why points are wrong or how the positives outweigh the negatives. It’s a pointless forum if everyone here is to congratulate what a marvellous investment decision they’ve made…
I researched tek. As I research it I post my findings - partly because I’d like someone to counter them to enhance my understanding and partly I admit because I find teks investments so awful they amuse me…

Simon Thompson does Attract inflows of capital when he reports on a share. Which does lead to strong gains.

He has some good ideas. However in my opinion I don’t listen to his advice when it comes to consumer facing businesses or venture capital picks.

With Frontier ip I looked at all the investments and they looked very promising. Hence my investment.

Aqc888 has a different opinion on different shares. Moral of story, don’t trust him.

Hmmm, to me that reads, “AQC888 has pointed out a series of embarrassing flaws in tek. Stop listening to him because I have a vested interest in tek. I can’t counter any of his arguments so let’s just try to cancel him. All hail cancel culture”.

Please point out to me a single point below which was not accurate. You can’t.

That one looked ok actually. It’s lost a third of its value this year though

This “Troll” has done more research on tek on this board than anyone.

Please somebody post a positive serious news report on any of their portfolio. ALL their investments look great reading about them from a distance. Autonomous cars, Bluetooth eyewear, low salt. BUT delve just a little into the details and EVERY investment in the portfolio is extraordinarily weak and falls apart like a cheap suit - which explains the near 50% discount to nav. Not a bargain.

Here’s another negative article on the glasses

https://seekingalpha.com/article/4491420-innovative-eyewear-lucy-ipo-consumer-smartglasses-ramp-up

Teks eyewear - Amazon 3.9 star
Apple AirPods - Amazon 4.7 stars reviews

General consensus they’re ok.

I’ve got to say, they don’t look premium.

More like a cheap gadget.

Check out for yourself

hxxps://www.amazon.com/Lucyd-Lyte-Bluetooth-Sunglasses-Polarized/dp/B08FW3NMT9#aw-udpv3-customer-reviews_feature_div

So we’ve got;

$20 bags of crisps

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

A solution to autonomous vehicles. Autonomous vehicles haven’t been fully developed yet. But those jokers at Tesla and Google are going to need Tek capital to sort out the details for them.

Tek have to clear up the mess of the job Google made of eyewear and now they’ve got to clear up the mess their making of autonomous cars!

Tek really should have a higher valuation than Google - especially with their magic search engine they invented!

So far down the rabbit hole.

Simon Thompson’s history on venture capital are horrendous.

Allied minds -50%
BATM -50%
Arix bioscience-50%

Just a few.

Blindly following. Read the articles I’ve posted. These aim share private investors, every aim company has a unique wonderful story. Some are feasible, some are high risk, some are a complete and utter joke - yet they all have believers who are certain they’ve found ‘the one’. Tek is remarkably funny. I’m going to remember the magic algorithm story, it’s a great one! Still chuckling when I read it

Yes. The presentation of facts and news articles showing the state of Tek capitals investments really put people off for some unknown reasons.

What’s really needed here are views reinforcing the views of how marvellous Tek is! Perhaps that magic algorithm that finds unique ip & business opportunities and investments for Tek capital could be put to use to counter those pesky trolls!!

No wonder no institutional analysts have covered Tek when their opening line is;
“ Tekcapital have developed a unique algorithm called Innovation
Discovery Network (IDN), which is a specialist search engine platform
capable of locating cutting edge technology and Intellectual Property (IP)”

They probably fall off their chairs laughing. Tek is the biggest joke of a company I’ve ever researched. I’m just enjoying seeing it crumble. Anyone who likes this type of venture capital investment. Look at frontier IP or Augmentum and save yourselves some pain. Every time I dig a little into teks portfolio I can’t help but being extremely amused. It’s the most hilarious company I’ve ever researched!

Signed a lease on a new building. Nice! Shame they don’t have any customers yet, but they’re upping their burn rate. Let’s hope there are no further delays to autonomous vehicles then.