Member Info for Badsterman

It's like a bucking bronco Top!!

Halt, rocket,resume, crash.

Awesome! (to use the Yank vernacular).

Trading halted, whoa LUCY!!

The NASDAQ is way more exciting than AIM.

TEK still snoozing.

💥💥🚀🚀

LUCY is the runt of the litter, apparently!! 🤣

Morning all!

A little harsh on Cliff? Maybe?

He's taken three companies to IPO from University spin outs.

Surely you chaps can't expect every company to be a runaway success?

If only one IPO succeeds and gets to a 250 - 500 million MCAP we'll all do very nicely.

Plus we've Guident, Revive and AI in the wings.

It took Amazon NINE years to turn a profit and seven years after their IPO.

🤪

Jesus, damn ads...

Along with warrants.

What do they want all this cash for?

Oops...

The reverse split will get voted through along with punregis

LUCY raised $1 million on the 1st of May, now another $2.5 million?

The re

Direct offering @47.5 cents

https://www.stocktitan.net/news/LUCY/innovative-eyewear-inc-announces-2-5-million-registered-direct-jb9mflmugujs.html

Hopefully they'll lend Cliff the cash to pay for the SALT warrants. 🤔

Well, HBD pointed out the date that results information initially provided by Oz was - 26/05/2024

https://tinyurl.com/3a6fb8pe

Sweaty palms here...🤲

We've had plenty of webinars with the Cox/Dilly tag team fantasising about a transformational year etc.

Yet here we sit at 3p, counting down to the next fundraise, after another "operational update" without any meaningful income.

Same old, same old.......

The reverse stock split will be put to the vote at the AGM. It's effect will be the same as a UK listed company conducting a consolidation i.e. reduce the number of shares and increase the SP.

I'd image the purpose is to release LUCY from it's current non-compliance status with NASDAQ rules. This was due to being less than $1 for a fixed period (from memory I believe it was 180 days).

Yes, NASDAQ companies issue RNS style "SEC Filings"

You'll find LUCY's here;

https://www.nasdaq.com/market-activity/stocks/lucy/sec-filings

Or on EDGAR;

https://www.sec.gov/cgi-bin/browse-edgar?company=Innovative+eyewear&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany

Well Sea,

Will the LUCY bubble hold?

There are unsubstantiated rumours of a buyout. Given the patents, products and deals that LUCY have, a buyout is entirely plausible.

If that happened Lolly might even get his special dividend!

Tuesday will be interesting, that's for sure.

Enjoy ya weekend. 👍

Oakbloke has just released another NAV update;

https://tinyurl.com/3c6zfwrr

You might find it useful.

I'm rather hoping the efficient Oz safety committee can deliver (at least some preliminary data), before Sareum head to Bio 24 on June 3rd.

What a fantastic audience for a positive trial result.

However, my hopes usually get incinerated on the pyre known as AIM.

🤪

I agree with that Sea,

Two disastrous IPO's, although that judgement is based purely in terms of the respective SP slumps.

Now approaching four months since the Salt IPO. Despite a massive injection of capital all we've had from Salt is a couple of distributor agreements and a new patent.

Guident remains a startup with lots of promising statements, partners and PR videos.

Nothing yet from Revive, despite "majors testing the shocks" being repeated on multiple occasions.

We are now asked to believe in a new AI project, against a background of the other portfolio companies that have been unable to deliver meaningful revenue (to date).

For most experienced investors the NAV/SP disconnect is easily identified with a quick delve into the TEK portfolio, whilst noting Cliff's penchant for fundraises.

Generative AI company to be launched this summer.

Https://ukinvestormagazine.co.uk/tekcapitals-final-results-portfolio-company-progress-and-generative-ai-with-dr-clifford-gross/

Best bit;

"However, post end of period, using 20 May 2024 closing market prices, our estimated portfolio valuation was approximately US$75m (appx. US$0.37 per share), recovering the entire fair value losses of 2023 and exceeding the $55m valuation reported in 2022 by ~36%."

Lord,

Perhaps the Reebok partnership is going live soon?

Total speculation on my part.