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Half Yearly Report for the period ending 31 May 2018
Belluscura has reported continued progress with its portable oxygen concentrator (POC) programme. The POC market is currently projected to reach US$1.7b by 2022. Belluscura plans to file a 510(K) application with the US FDA in 2018. Tekcapital's ownership interest in Belluscura is now 8,129,488 shares, representing approximately 33% of the issued share capital.
According to a waiter who works at Scotts in London, someone was in there recently having lunch with some city boys, he can't be sure because the conversation was muted due to them wearing Covid masks but he definitely heard there would be a raise at 0.05p or possibly even lower, the guy meeting them went for the Plaice in a hot vinaigrette and a few glasses of the 1996 Domaine Leroy.
Come back in a few years and hope for the best, that's dangerous when it comes to TEK, take a look at the the 5 year chart there's a reason only a few have positive things to say about Tekcapital & Cliff Gross, the last price increase to 20p was based on nothing but a Covid ramp, those portable oxygen concentrators are 10 a penny, even during the supposed shortage there were websites selling those products and stock was available, as for "fda approval soon" look back through the rns' the timeline for approval has been consistently moved for the last couple of years. Belluscura starts to look a bit suspect after a while.
"In the intervening period between 26 March 2020 and 21 May 2020, Aura issued shares to a number of investors. 814 million shares were issued in that period, including 25,131,579 shares to Mr Madden, the company secretary of Aura (those shares are held by his wife). Also in the intervening period and on 8 May 2020, Mr Craigie and Mr Heber were appointed additional directors of Aura"
Reeve postponed a general meeting supposedly because of Covid19 which gave him time to issue shares to people whose interest it was to keep to keep Asean members off the board because they would bring much needed oversight. Reeve, the old guard and their family members have been milking this dry for years. It's my understanding this over issuance of shares to secure the vote in Reeve's favour breached ASX rules and that's the reason why Aura is currently suspended on the ASX. I'm not sure what happens from here but the management of Aura have created a very toxic situation.
If people want to keep track of how Lucyd is progressing and ask any questions - they seem quite active on their Telegram channel https://t.me/lucyd_en
Really started to lose faith in the management of this one and Travia's latest interview didn't do anything to change my mind, he told Proactive investors that they were going to do a strategic review of Coin's investments because the market isn't applying a fair value to Coin's holdings so they're going to now focus on DeFi. KR1 is starting to look a superior Crypto stock to me, Coinsilium may be looking to get into DeFi but how many DeFi projects have KR1 already bought into early and flipped for multiples of their entry ? It would appear that KR1 seem to have their finger on the pulse more when it comes to that area.
If we see big moves being made with regards to BTC DeFi products and the RSK guys can take a big slice of the action then maybe things could pick up here because I do personally have faith in the technical expertise of those guys and appreciate how long they've been active in the space. This isn't 2017, a rise in the price of BTC won't necessarily mean a rise in the sp of Coin.