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We already have three incompetents, namely ; Cox, Lampshire and Treharne.
Bwtween them they've delivered the square root of zero, despite many years of salary, which also makes them very expensive.
Also, we'll probably lose Suzy's scientific expertise
What a disaster.
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. π΄
Irritatingly the distributors website is down, on the day the partnership is announced;
https://www.windsoreyes.com/
Can't TEK get anything right?
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 βUse of Proceedsβ.
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. π
"Star Robotics are a manufacturer of cloud and AI-based multi-utility robots. It offers products for surveillance, industrial inspection, assistance to people with disabilities, and defense markets. It also provides a platform for the management and supervision of robot fleets remotely."
That's a few new applications for Guident that I hadn't considered.
Good news.
Well, various Euda creditors are converting debt into shares;
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318216888&type=HTML&symbol=EUDA&cdn=8bd69302aaac2e77331947ad647cf803&companyName=Euda+Health+Holdings+Limited&formType=6-K&formDescription=Report+of+foreign+private+issuer+pursuant+to+Rule+13a-16+or+15d-16+under+the+Securities+Exchange+Act+of+1934&dateFiled=2024-04-04
EUDA have also drawn down the second tranche of cash from Gilandi.
Something is happening behind the scenes, I hope. π
You're right twice Lolly;
It was "Spot on Top(catz)".
Plus, your assumption is correct too - I do indeed value my capital, as does James Kight. π
Let's see what happens in Q2.
Happy Easter. π£ π
Indeed,
I'm still curious as to why the requisition notice was withdrawn and on what terms?
I can only assume we are awaiting Mr De Courcey to pass his regulatory due diligence check before any announcement can be made.
The RNS also states that;
"No serious adverse events have been reported TO DATE". π
Spot on Top!!
RNS - James Kight buying more.
Now let's hope your chart predictions are as good!! π
Keep going πͺ Cobalt.
Sareum were close to going bust, yet still the doomsayers are out in force.
At least we have hope, albeit in last chance saloon.
A Singaporean investor has taken a notifiable stake in EUDA via a holding company.
It would seem its the same Mr Tan Meng Dong who was previously the CEO of EUDA from Nov 21 - Nov 22 and now owns "8i Holdings"
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318189702&type=HTML&symbol=EUDA&cdn=e6d932586e72cf04e9a9e2c6ccf7f33b&companyName=Euda+Health+Holdings+Limited&formType=SC+13G&formDescription=Statement+of+acquisition+of+beneficial+ownership+by+individuals&dateFiled=2024-03-27
Maybe a precursor for the merger, or maybe nothing......!!
Back to waiting, as ever....
Just add,
LUCY filed a shelf prospectus yesterday to issue up to 50,000,000 shares. They are clearly planning for the need to raise at some point;
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318188629&type=HTML&symbol=LUCY&cdn=8d4f586252311b31e9a71c27aecaa5a4&companyName=Innovative+Eyewear+Inc.&formType=S-3%2FA&formDescription=%5BAmend%5D+Registration+statement+under+Securities+Act+of+1933&dateFiled=2024-03-26
Thanks CM22,
Oak uses a highly ambitious 8x growth forecast for 2024, which is close to $12 million in revenue!! Although, given the size and quality of LUCY's retail partners, it might be achievable.
A couple of interesting points I didn't know;
a) TEK has underwritten to lend $1,250,000 at 10% interest via a convertible note. (Not sure how Cliff's gonna find the cash?)
b) BOSE have withdrawn from the smartglasses market (although they've declined to comment as to why).
Back in 2021 Boris made a big speech about "restoring Britain as a biotech superpower";
https://www.gov.uk/government/speeches/prime-ministers-article-in-the-daily-telegraph-21-june-2021
Needless to say, it hasn't aged well.
They'll need to increase revenues, or raise in 2024 . LUCY can't continue burning cash at that rate.
Safety glasses is an interesting one, there must be thousands of industrial environments where smart safety glasses would be beneficial.
Harrison Gross remains bullish about the future;
"We believe we're poised to potentially capture significant market share with our upcoming product releases and anticipated global expansion."
Https://www.prnewswire.com/news-releases/innovative-eyewear-inc-reports-2023-financial-results-302098072.html
Revenue up 75%, but net loss increases.
Muted indeed,
The resolution has been withdrawn so Lampshire, Desler and Cox remain in place, to continue their litany of failure, having used Suzy as their scapegoat!
Who agreed to withdraw the resolution and on what terms? I'd still like the opportunity to vote Cox and Lampshire out.
Why no Benjamin Snipe and his valuable patent expertise?
The stark reality is we've upset our best scientist and got ourselves a bigger wage bill.
What a mess.