Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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b) BOSE have withdrawn from the smartglasses market (although they've declined to comment as to why).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The resolution has been withdrawn so Lampshire, Desler and Cox remain in place, to continue their litany of failure, having used Suzy as their scapegoat!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.
Experienced at what exactly? Fundraising and sneering at shareholders?
Cox has delivered ZERO value to this business.
I won't be buying, not until Dr Cox has gone.
His chairmanship has been disastrous and he's equally culpable, in my view.
I hope Suzy stays in a scientific role.
Nom,
I'd imagine it was a "Hobson's Choice".
🙃
"Subject to the exercise of the Option by Ambrose Healthcare, the agreement details clinical and commercial milestone payments to be made to ValiSeek totalling a value of up to £16 million plus royalties."
RNS - https://tinyurl.com/299zmsb4
Well hoosy,
Ambrose Healthcare are in discussions to close their first round of investment in "early spring".
https://www.linkedin.com/posts/ambrose-healthcare_startupshowcase-pitchevent-healthcare-activity-7174412483011444737-sGA5?utm_source=share&utm_medium=member_android
Spring officially starts on Wednesday...🤪
Agree Northern,
Fees like VAL is heading the same way as COPL and BIDS, running out of cash with incompetent management at the helm.
I'm hoping the EGM will be a catalyst for change.
Going great guns, now working with Unilever.
Hopefully, Dr Hargreaves will make a packet and return here to remove the perennial underachievers.
🙏
Maxim LLP are delaying conversion of their convertible promissory notes.
https://tinyurl.com/bdf6hcbd
Merger delayed, probably. 🙄
Come on Lolly,
Don't be a negative Nellie, it's the weekend and I'm off to Tenerife tomorrow.
Charts are good, news is due, we've just raised and Google says the SP closed up 6.5%!
It's all sunny in the Badlands. 🤣
Your portfolio diversification is eminently sensible, AIM is only for gambling!
As Top just posted below; we've now raised, a news rich period is upon us and Topcatz thinks the TEK chart looks good.👍
The BOD intend to hire Martin Gouldstone as a NED who has [quote],
"extensive experience buying and selling deals across Europe and the US, and in negotiating multi-year research partnerships."
The BOD have finally acknowledged their own shortcomings but it's too little, too late.
Cox and Treharne should go, immediately.
Good Morning Sea!! Just had over easy eggs on toasted sourdough with a coffee. 🤪
Regarding Bell; we are overdue a trading update from them. I'd imagine they'll want the TMT deal completed first.
Whatever you think of Cliff, this is an exciting company to be invested in, don't you think?
Er' indoors keeps banging on about buying more Lloyds shares 😴, instead of my AIM punts.