Member Info for Badsterman

Try again...

https://theoakbloke.substack.com/p/tech-sea-for-tekmar?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa1ec8e68-604c-4021-b038-df69d82f40ca_1832x744.png&open=false

a decent write up of the investment case;

********************4y864zuc

LUCY ticked up 10% yesterday to increase the NAV, every little helps!! 🤣

Probably due to the Meta glasses presentation disaster.

Lovely fluffy posts,

But what about the elephant in the room? Cash?

It's running out, so which is coming first - a deal or a raise?

History ain't on Val's side.

Surprised there isn't a little more excitement here.

If optimers are proven to work in a clinical setting then the big boys will want a piece of the action.

Great news. 👍

Probably a pump and dump, before the inevitable raise.

It's happened many times before at VAL (15 times, if memory serves me correctly) and they are running out of cash again.

Not quite the "tesla" we were all hoping for!! 🤣

"Lucy reported an 88% surge in net revenue for Q2 2025 compared to Q2 2024, reaching $579,230. Year-to-date net revenue for the first six months of 2025 was $1.033 million, marking a 49% increase from the same period in 2024. This growth was largely driven by strong consumer demand for new product launches."

They are still burning cash but sales are up and shifting plenty of safety glasses

My punt yesterday is up 10%, it'll be interesting to see how the US market reacts tomorrow.

That's about one meaningful RNS per quarter and I'm up 114%.

Dennis can have as long as needs, he's delivered so far. 👍

Harrison Gross just posted a major update on Telegram including developments around ChatGPT, Cryto, AR glasses and a new app,

His final comments were;

"We have introduced our best smart frames by far this year with Lucyd Armor and Reebok and are getting strong sales traction on them, we have significant software development underway that will ultimately lead to the token economy around smartglass content, and the macro business climate for smart eyewear, voice AI and crypto are the best they’ve ever been. All in all, the outlook is quite rosy for the company and its supporters"

I can post the full content (if anyone is interested), it's very detailed.

GLA.

Well Lolly,

I had a little premarket nibble at LUCY today, a decent earnings report from the safety glasses and it should 🚀!

Wish me luck, eh? 🤣

Well, it's has been a tad gloomy just recently. Anyway, moving on:

I was interested in why Lucy haven't launched camera glasses to attract the Gen Z types and Gross said;

"They see camera glasses as a transitionary product. One that will ultimately be replaced by AR glasses. He said that they are more interested in eventually producing an AR product that leapfrogs the intermediary step of camera glasses. That said, they are looking at producing Reebok camera glasses, that are geared to more of the sporty activities. Or skateboarders and snowboarders, etc. can video themselves."

Solid news from Guident today, progressing with a commercial bus service in Boca Raton.

Also Harrison Gross talked about the safety glasses yesterday and stated that; "they are selling thousands of units of the safety glasses per month - direct to consumer."

Some good news today, amist the gloom.

Great news Pater!! Pasted below for all;

"𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁

We’re thrilled to welcome Hazel Jones as our new 𝗖𝗵𝗶𝗲𝗳 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 at Ambrose Healthcare!

Hazel brings over 20 years of leadership in biotech and pharma, with a track record in driving innovation, discovery, and organisational transformation in respected life sciences organisations, including 𝗘𝗻𝗵𝗮𝗻𝗰𝟯𝗗 𝗚𝗲𝗻𝗲𝘁𝗶𝗰𝘀, AstraZeneca, Cambridge Antibody Technology and Cancer Research UK (CRUK).

At 𝗔𝗺𝗯𝗿𝗼𝘀𝗲, Hazel will oversee operations and lead the development of our rare disease portfolio, including the Phase 2 trial for 𝗩𝗔𝗟𝟰𝟬𝟭 𝗶𝗻 𝗽𝗮𝗻𝗰𝗿𝗲𝗮𝘁𝗶𝗰 𝗰𝗮𝗻𝗰𝗲𝗿 – a high-need, under-served area where we believe drugs with novel mechanisms of action can bring real hope. "

Oak's point being - none of the portfolio companies are generating sufficient sales to cover costs.

BELL are almost finished. LUCY 10-Q is due shortly, probably containing poor sales figures.

The reason TEK dont have big positions is because of the heavy dilution caused by bad management.

Guident are my last hope. 🤞

They have a Nobel Laureate advising them;

https://www.receptor.ai/news-and-blogs/nobel-laureate-morten-meldal-joins-receptor-ai-as-scientific-advisor

That'll do for me.

Https://tinyurl.com/3y48faxw

Personally I think he should have held until the Guident IPO but I understand his frustrations with TEK.

Gonna agree with ya Lolly, Gross needs to go but the AGM voting tells you that won't happen.

I'd imagine most of us are holding for Guident.

I'll be selling on any spike before Gross destroys any remaining value in TEK with his penchant for fundraising.

Shouldn't be too long now...🤞

So, it's "pretty dodgy" - yet the SP remains unmoved because the market ain't bothered.

Nor should you be.

The directors repaid a small loan early and forgot to inform the NED's, maybe an administrative error?

It's hardly the AIM crime of the year, when compared to some!!

They've admitted the oversight and declared it. Yet Lolly thinks it's a major fraud, all for £150,000 . 🤣

Bazza, I think the SP reaction tells you that the market isn't worried by it.