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Can't help but feel extremely frustrated in seeing it slump so low and even edge on the price it was before CapAI's inception, despite all the progress made to date. To me, this share is so heavily oversold its almost ridiculous to watch.

Yet despite the obvious frustrations, part of me still wishes I had the funds to buy more at these diabolical and undeserved lows so I can average down on the off chance it bounces back upwards.

Well, I can't argue with your frustration, TWL. I think most people here feel the same, and I also agree that the cesspit of pointless back and forth abusive comments seen here time and again adds absolutely nothing. It only makes this board look like it was made for immature children and not adult investors.

However, putting the above aside, there is a high chance that we will receive the half-year financial report tomorrow morning if things aren't delayed. But I am personally not expecting much from this report, as it will likely cover the period from 1 October 2025 to 31 March 2026 That was before Author42 had fully launched, which only happened just under a month later at the end of April.

So, the only possible revenues in this report will come from Author42 during its beta and soft-launch stages. Given the no doubt limited uptake and lack of any commercial rollout during that period, revenues will likely be low. How low is anyone's guess, but I am not expecting anything groundbreaking in this report at least.

What I would be interested in is whether they give us any hints on Author42's current trajectory and whether it is doing well or gaining any decent traction. Whilst I'd love to see numbers, I highly doubt they will be divulged in tomorrow's report. Those are unlikely to appear until the year-end report at the end of January 2027. However, they could still give us an indication of whether it is performing well, possible current subscription numbers, and whether it is on a path of steady or strong growth. Even just saying something positive without the numbers could help turn the current negativity and bring some much-needed positivity back to this share. That said, as much as I want a positive outcome, I am aware the opposite is also just as likely to happen.

Let's see what tomorrow brings, if anything.

@Magic-orb

Hopefully it will drop on the 30th June as before, no reason it shouldn't. When it is reported it will most likely report results for the six months ended 31 March. So, we will get results from 1 October to 31 March. Therefore, we may only get financial results for Author42 from the time during its beta and soft launch stages which I'd expect to be rather small, as the official hard launch didn't occur until sometime after the 21st April.

Based on that, then I'd say we are very unlikely to be getting any revenue numbers from after the hard launch where the advertising campaign is meant to have been in full swing, which is where I'd hope larger numbers are gained.

So, unfortunately we may need to wait until the full year report which is due at the end of Jan next year before we truly see what Author42 has been capable of, that is depending on whether we exercise our option to buy the IP before then, which is due on the 25 July. But as others have said this could be delayed depending on how Dr Nag and the board feels.

Although, having said the above, the company can still choose to give us current subscription numbers which could allow us to guage where things are now without divulging the actual revenue numbers reserved for the full report next year. We will have to see, but will be interesting to know where it's heading.

I'd be happy with small revenue numbers now especially if its backed up by something positive like " The current uptake has increased considerably since the hard launch, and based on current trends we expect this growth to continue". A line like that to me, would be just as good as decent revenue numbers. But It could also be the opposite, hopefully we shall where we are in the next report.

Whilst I said I would reply, I'll answer your last question with, I already have and on multiple occasions. If you actually read through any of my comments or seen through my history, then you wouldn't have needed to ask that silly question. If anything, I was and probably still am one of the most active posters who engages with the board on valid questions or concerns. I'm sure other posters could attest to that, so I'll end it there.

Clearly the only blind one here is you. Not going to waste my energy anymore in replying to someone so deeply ignorant to the facts as yourself, so say what you will and believe your own nonsense if it helps you cope.

Reasoned debates exist here, I've had many, just because you fail miserably to have any doesn't invalidate the intended purpose of these boards to discuss this share like adults.

On a lighter note, to those who comment here doubting the whole AI application era and labeling them as pointless "wrappers", then Elon musk must be crazy to have bought Cursor for $60 Billion which is essential a "wrapper" AI application program that uses Base LLM's at its core.

As stated before, near all AI applications use base LLMs like ChatGPT, Claude, Gemini etc. Its is what you do with them and how you create your moat to target hard tech and build around it that matters.

The Cursor deal just shows there is highly significant value in creating something with base LLMs if you push on with hard tech. Dr Nag has consistently stated that this is the key area he is targeting, hard tech that is very difficult to replicate. Hopefully we get our day in the sun on one of our AI programs in the future. I don't expect anything close to the above example, but even 1% of the above would see us laughing all the way to the bank.

@comek2

You said "Since Covid Aim stocks & small caps in general are down over 90%". That statement is wildly incorrect and over generalised, please cite your source on that one, because if that were the case, then it would be a sign of an economic downturn worse than the great depression.

Sure, some stocks took a big hit and some even went bust, but to suggest AIM and small cap stock markets are down 90% since Covid just isn't correct.

The 90% failure rate isn't entirely accurate either for general small cap companies. Although it is relatively accurate in regard to specific high risk startups backed by venture capital firms, so this may apply to our AI applications like Author42 Or companies invested in by R42 etc. Rather than the CapAI company itself.

New small cap businesses have around a 20-25% failure rate within the first year, around 50% within 5 years and roughly 65% within 10 years as outlined in the BLS data. This is the category CapAI is more likely to fall into.

As for your comment on Dr Nag's focus being elsewhere, if you read my statement I wasn't directly stating that I believed this, just that I observed many other investors voicing their opinions on this and commented as an observation.

However, I do believe that a public company like CapAI should take precedence, I think its only normal to expect any CEO of a public company to do that, it would be odd not to think so, even if he has other commitments, as that is what you expect from the role of CEO, most especially in a public company.

Not sure if calling me the latter in your last statement means you think I am a trader? If so, thanks for the laugh, been called many things, but a trader isn't one of them.

I find it funny that you feel that anyone who was previously positive cannot voice any current concerns without being labeled as a trader, its quite the assumption. So, for me to be seen as a long term investor, then I must stay positive no matter what, even if my investment drops through the floor, I must still sing its praise forever and always and be damned as a trader if any concerns are raised. A bit of an odd way of looking at it.

Also, I would be interested to know what were the "unreasonable arguments" I have made. As for the OBE, did I not state that it was well deserved. I mearly pointed out my disappointment in seeing the red dot in hopes of it being significant news on something like CapMedical, and that the OBE news was something we knew days ago already.

I could've been more positive today if you wanted, but it was you who wanted to discuss the topic of my apparent overt "negativity", all I did was mearly respond to your points and that of others.

If you want to lighten the mood, then I'd be happy to discuss something else like how I'm personally finding Author42 as great program to use.

Right...ok Comedy, whatever helps you cope. I thought you were actually trying to engaging in a reasoned debate, but instead you respond with a pointless attack, comedy indeed.

@Magic-orb

I agree that dissatisfaction with investors on the AI products available could certainly have contributed to a small/moderate retrace as those who weren't interested got out. But to retrace almost ten fold downwards, to me atleast, is still just too much. Even the most significantly negative RNS's in other small cap companies don't generally result in such a large retrace downwards, and we technically have nothing to truly be negative about with regard to any actual failures.

Also, a personal dissatisfaction with a product doesn’t hit anywhere near as hard as truly negative news like revenue losses or mass dilution etc. as simply not liking a product is a personal opinion that many more investors may not share and may actually do the opposite and buy more if they like it, partially offsetting those who don't.

Additionally, even those who might not like the products may see beyond their personal doubts and simply see the figures of growth outline by the company in these areas such as the CAGR of more than 30% in some cases which is a significant growth potential. So even if you hated the likes of Author42, many investors may simply look past that and see the growth potential in these chosen areas.

So, overall I could see a contribution in what you point towards, but with all other factors in such an area I can't see it being the key/major reason for causing this downturn, even with the demo days not grabbing peoples attention or living up to expectations.

@HerefortheComedy

I have to disagree, you only need to go back to August to see we were 10x the price we are at now. The initial "herd"wave you speak of came forward in the first couple of months off the back of Dr Nags appointment, that hype dropped off near the end of may where the shareprice retraced to half its peak and plateaued at an average of what would now be 4p. It stayed that way for months, many believing that we had balanced out and hit our bottom.

At this point the company was moving fast and delivering just as quick which maintained the price and added significant reason to justify its value. Given what we had at the end of August/start of September, when we peaked in the 6p range after Author42 launched its beta, and Game42 & Movie42 had their debut with LOA's signed, then there was no good reason for such a significant downward spiral with one product now in a live beta, and two other products due to be released not too long afterwards.

It should have been a time for steady growth or at the very least a plateau in wait for revenues results. Even a moderate retrace after the smaller hype of our 3 product would've been accepted as we waited for results, but to drop 10x lower? No. That's not something anyone could have expected even with warrants, especially given the headway we made with products out on the market at that time.

This to me, at this stage, isn't an issue of investors failing or a herd mentality. Its not like this share spiked upwards massively within a few weeks and dropped down just as hard in the same time frame on no news like some pump n dump. We had many months of shareprice retention and stability. The drift downwards has been slow, taking over a year, slowly being crippled on tiny volumes. There has ultimately been a complete lack of buying followed by small to moderate amount of sells that has chipped away at this share.

The frustrating thing is that it just continues without abating. As I say, its not a mass exodus after being pumped, its a slow burn downwards on tiny volumes. We are all asking where the elusive bottom is.

Its rare to find a business that has delivered mutiple products which are now actively on the market as SaaS and bringing in revenues, yet continues to fall in value, that is the crux of the issue here, we have the goods, yet the market continues to punish our progress, its not about when investors got in. Even without revenues being known, the fact that we have products on the market should at the very least, be enough retain something rather than aiding a continuous fall.

It's continued fall is largely an oddity without a justified answer, and warrants and the initial "herd" doesn't hold much weight to answer this question fully on why we have fallen as low as we have.

@comek2

Unfortunately, if you say anything positive then rampers will undoubtedly latch on, the same goes for bears, anything negative said they will latch on, that is just the nature of some people. But is not a sufficient reason not to point our obvious and legitimate concerns, no matter how negative they might be seen. This board is a discussion forum for both sides, where genuine concerns or positivity can be voiced.

Also, both can be true. I can have hope here, but also have serious concerns or reservations too. It's never usually binary on how you view a share, as there are always positives and negatives to weigh, its just that sometimes the good outweighs the bad or vice versa.

True, micro cap companies are always volatile, no one disputes that, but when a share is on a continuous decline for well over a year now with no signs of abating, then it starts to make people question the legitimacy of what they invested in.

As I said, I fully expected a retrace, but just not for so long and down to such low levels. Personally, I wouldn't call a consistent decline for over a year with no sign of a bottom a "hiccup", to me thats a systemic issue somewhere.

I don't think anyone doubts Dr Nag's credentials or credibility as an academic or businessman, but its hard to latch onto that positive side when CapAI is doing so poorly right now, despite the progress. And many are seeing Dr Nag who is constantly needed elsewhere as someone who is part timing CapAI rather than making it his sole priority above all else.

It's fine to treat a personal private buisness with a part time attitude, but you cannot and should not apply that to a public company where you have hundreds if not thousands of investors relying on you to provide growth and a return on investment. I'm not personally saying Dr Nag treats CapAI as a part time CEO, but the fact that so many investors feel that way shows that something isn't right, or more could be done to stop that perception.

Sure, its still early days in the building of this company, but we shouldn't be languishing at this low shareprice and market cap. If we atleast retained half of what we gained, then I'm sure the attitude on this board would be one of patience. But the fact that we have sunk so low that some people need a 10x return just to break even, then you can see how that may grate on the positive potential here.

Fair enough Magic, I stand corrected on that, but I still feel the point stands with regard to the comparison. We are, atleast I believe we are severely undervalued.

@comek2

Certainly wouldn't say I've lost it or done a full 180° either. I have always said, if there are legitimate concerns for a bearish opinion, then they should be voiced.

Am I disappointed in the downward trend this share has been on for over a year now? Ofcourse, and rightly so, I wholly expected a retrace, but not to this extent. I can't imagine anyone ever envisaged this share dipping down so close to pre-CapAI levels despite having fully released one AI product with 2 further releases in their beta, with all three on the market as SaaS and thus are technically making revenues.

Yet we are still dropping like a stone. Our market cap is now lower than that of CTAI despite that company only partially investing in a single AI company that has yet to go live and generate any revenue with its product, and when it does, CTAI would only partially benefit anyway. Yet CapAI have three AI products on the market where we currently recieve 100% of the revenues... Honestly, it makes no sense that CapAI is where it is in terms of market cap.

This is exacerbated by less and less communication from the Board on progress, along with vagueness when communication does occur leading to confusion. So overall, commination has reduced in both frequency and quality, which then only leads to futher doubt in the company.

Then, in addition to the above, we have a Demo day for both customers and investors which let's be honest was very poorly presented with little to no significant progress shown from what we saw almost a year ago. This is AI, not the oil market, and it is so fast paced that any lack of progress or extended time needed could see your company sink or loose out.

So, when we get a demo day almost a year apart where what was shown doesn’t really add anything to what was shown nearly a year prior in a lighting fast area like AI, then it is only normal that legitimate concerns and questions rise to the surface.

And I have contacted Dr Nag on these concerns, which is now usually met with standard boiler plate responses, so I've largely given up doing so.

Do I see a future for CapAI? oddly despite what I've outlined above, I do, I still have hope this could go somewhere and be huge, but where current performance is concerned it has put a dampener on that hope.

I have hope here, but I need to see results in better communication, progress and ultimately a shareprice that is rising and not spiralling downwards. When and if this changes, then my outlook will too.

Well deserved no doubt... But can't say I wasn't excited to see that red dot in hopes that something of substance had dropped like CapMedical, only to be disappointed in being told something we knew days ago.

Because it matters where an investor posts and the length of their posts. Get a grip, the only sad one here is you, who is clearly commenting on a share you have no shares in, thats sad. Most investors here, especially long term are significantly down, are you implying they are "saddos" too? Do yourself a favour and stop talking drivel.

And it's only bonkers to those who like yourself clearly doesn't understand the metrics. Apply success and the numbers add up, the only factor here is whether that success is obtainable, which whilst I'm much more sceptical now, still isn't out of the realms of being possible.

@HerefortheComedy

I am fully aware of the time given to my investments, not sure why that matters one bit. The fact that you think comments made on bulletin boards directly translates to a persons portfolio shows that you know nothing and just assume everything, quite sad really.

@HerefortheComedy

You certainly are the comedian of dozy comments. Been invested since the beginning of CapAI and haven't sold a bean, and if you are so desperate to know my average its 2.48p, so I like many other are significantly down, around 75% down to be more precise. So, its pointless selling and I may as well put it in the bottom draw and call it a life lesson and just quietly hope things improve. Such is the life of risking money on high risk stocks. I put in what I could afford to loose, so whilst its still very frustrating, it isn’t the end of the world as overall my portfolio is still healthily in the blue, so I'm doing something right, can't win them all, and who knows, this could still be a winner and my gut is wrong, we will just have to see in the future.

@Radika

Indeed, he isn't taking a salary, but instead, and after the consolidation he has 150 million performance based share options which equates to roughly 35% of the company. So you'd think it would be in his interest and concentrate on CapAI, and act like he is truly aligned with shareholders as he keeps saying.

I walked into this share full of positivity and with the attitude that it takes time to build a successful buisness, and I still believe that, but after nearly a whole year of development I am just not feeling like we are truly making strides and signifcant headway that we should with being in such a fast paced environment like AI, especially given more than a year has passed since CapAI's inception. And this year's demo just deflated what was already a deflated sentiment in me. I just hope something else comes along that gives me hope again, but right now I am slowly but surely writing this off as a loss, and I don't want that.

@Alboumphoto

Thats fair if you were ok with it, but personally I felt it was rather off the cuff. There was obviously very little to no real preparation done. I didn't expect miracles and paid actors, but if you are doing a product demo to show off to your customers and current and potential investors, then you should be putting a decent amount of effort into your presentations and making sure that you are all in sync, and know exactly what you are going to say and present.

The amount of consistent stuttering, errrms and urrrrs, backtracking, rewording and repeating makes it entirely obvious that no one there had scripted their speeches or rehearsed beforehand, the complete lack coherence and consistency made it feel rather unprofessional. The person presenting Movie42 initial gave a 10 second speech and was like... yeah.. erm.. thats Movie42... before trying to think about what else she needs to talk about. As an investor I couldn't help but cringe and think to myself, where is the professionalism and seriousness in all this for those who spent there hard earned cash on this share, we deserved better with more of an effort.

It seriously doesn't take much at all to gather those involved, sit them down and project manage a simple demo day where everyone knows their part, what they will say and when and know exactly what they will show and when.

What frustrated me more, was that we were yet again only shown what each AI product could do with a very simple prompt, that was it. Thats ok to show, but what people truly want to see, or atleast for me, is what each AI tool can do when it's used to its absolute fullest extent, where time, money and effort is invested, what is the real possibility of an end product with these AI tools? We got absolutely none of that. With regard to Gamers42 and Movie42 and being a year on from the last demo, then they should have also done a "here's what I prepared earlier" demo, where they give us a fleshed out game and movie that uses all the AI's tools and features to its fullest extent and show people what it is truly capable of when you invest the time, money and effort into it. That is something they are more that capable of doing and is a complete missed opportunity to show customers and investors what these AI tools are truly capable of.

Given its been almost a year from the last demo day, then I expected it to be much better presented with a lot more fleshed out demos, but I didn't get the feeling that was the case. Oddly enough I felt the first demo was better than this one which is odd if significant progress had been made.

As I say, I want this to do well, I seriously do, especially given how much in the red I am here, but this demo day just didn't inspire the confidence I so desperately hoped for. I just seriously hope the subscription numbers and revenues proves my gut wrong here.

I did, and I asked the question on subscriptions but he removed it. I stated that I know he couldn't give specific numbers, but all I asked is if it was going well and also asked about if the advertising campaign was going well and if he is using the Growth hacking AI tool they developed, but that question was snubbed.

Seems he wanted to avoid any question outside of the specific AI programs and their functions. All my questions alluding to CapAI wasn't answered or was removed, which was rather disappointing to say the least given I wasn't really asking price sensitive questions.

My personal feeling on the demo was that it was rather poorly put together, and the Gamers42 and Movie42 felt lacklustre and rather short and there really wasn't much difference between what they showed nearly a year ago and today which I felt pretty disappointed in. I expected the Gamers42 demo to show some sort of increased fidelity compared to last time but it was the same old blocky dead world looking game with no real fleshed out parts.

I honestly expected much more from Dr Nag given its now a year later. I want to believe, but the demo didn't inspire me. They seriously should have had pre-prepared videos and games of what could be created with some time and effort rather than what it can create with a poor prompt. Lots of erms... and urrrs.. which makes it feel like no one had anything prepared before hand and it was all done off the cuff.

I hope and pray this comes good, I truly do, but my excitement for this share is waining with each day and sp drop.