Member Info for MickJ76

AZ probably jumped on the real work being done by Leonardo who the Italian Government will be using for any weaponry.

You must remember he’s a proven liar and story teller.

https://armyrecognition.com/news/navy-news/2024/italian-navy-launches-laser-weapon-development-for-current-and-upcoming-ships

And this little beauty too.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2025. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

2Bad, Nuburu are a trading shell. Fact. No premises and no manufacturing leads to ZERO revenue.

FFS stop posting absolute nonsense.

All a Jackanory story to settle DW.

The great laser manufacturer. Directly from the SEC just released. 👇

The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

As we have disclosed previously, we have not yet achieved commercialization and expect continued losses until we can do so. We must rely on capital from investors to support our operations. During 2024 and early 2025, management negotiated several funding agreements with multiple investors. Certain of these investors have not fully performed their obligations under such agreements and the Company’s operations have consumed more cash than it has been able to generate or raise. As a result, the Company has not received the funding necessary to maintain operations or implement its business plan. Given the lack of funding, management initiated measures designed to reduce costs, which included implementing a furlough of employees. In response to the furloughs and financing challenges, several key employees have resigned entirely.

We generated total revenue of nil and $93,549 and had net losses of $16,611,425 and $5,705,098 during the three months ended March 31, 2025 and 2024, respectively. The operating loss for the three months ended March 31, 2025 included $10,398,050 of non-cash interest expense recognized on remeasurement of preferred stock liability. For additional information on this interest expense see Note 9 to the condensed consolidated financial statements.

We expect to incur significant expenses and operating losses for the foreseeable future, as we:

•

devote substantial resources to implement our Transformation Plan (as defined below) and related acquisitions; and

•

operate as a public company.

Accordingly, we may seek to fund our operations through public or private equity financings, debt financings or other sources. However, we may be unable to raise additional funds or enter into such other arrangements when needed on favorable terms or at all. Our failure to raise capital or enter into such other arrangements as and when needed would have a negative impact on our financial condition.

https://www.sec.gov/Archives/edgar/data/1814215/000095017025093986/buru-20250331.htm

Honestly, is your memory that bad ? Infra red is used for military weaponry. Absolutely priceless and desperate. 😂😂😂😂😂😂

Just seen the tweet or x.

What an absolute joke and frankly embarrassing. Desperation to fleece mug US punters now.

No mention whatsoever on any Italian government or ministerial websites.

Scammer in overdrive across the pond now.

You lot are deluded.

- US $1,200,000 on or before 15 July 2025 = more dilution for LTHs

- US $500,000 on or before 30 July 2025 = more dilution for LTHs

- US $1,000,000 on or before 31 August 2025 = more dilution for LTHs

- US $1,500,000 on or before 20 September 2025 = more dilution for LTHs

Brilliant work by AZ yet again giving themselves more shares to flog through the market and meantime diluting SYME yet again for their own trading mechanism which they’ve done from the start.

Hi Steve, yes so all these dodgy Buru shares for money deals via these faceless entities are being used to pump and trade Buru. Hopefully the US authorities will be having a closer look at the blatant share price manipulation ongoing over there with the self created trading mechanism he’s using again.

Shares for dough ! In typical AZ fashion.

The repayment of the New On-Demand Facility is, subject to the receipt of certain Approvals (as defined below), expected to be via on demand conversion(s) into ordinary shares of the Company at the request of BURU at a fixed conversion rate of £0.00003 per ordinary share to be issued.

Just like he got money to pump and trade Buru recently via some dodgy deals.

Let’s hope Iceman is spot on here as looks like this shareholder shafting has been halted by FCA intervention just in the nick of time. Surely there’s a few twitchy bums now within the powers that be (currently) at Altens Big House just now lol.

So why state 8CP nowt to do with Buru ?

Very similar game plan to issue millions of shares to the market.

It forms the next step for Eight Capital Partners to increase its market capitalisation to over GBP50 million, and "significantly" expands its balance sheet and "positions it well" for the implementation of its fintech strategy.

As part of the fundraise, existing bondholders have the opportunity to convert their debt holdings into equity.

Eight Capital Partners said this has been well-received amongst existing bondholders, and the company has entered into conversion agreements to convert EUR3.9 million of existing bonds into equity.

Trumar Capital LLC, Eight Capital Partners' largest shareholder and debt holder, will convert a further EUR29.9 million of debt alongside the other converting bondholders.

Eight Capital Partners said that following the conversion, Trumar Capital will be interested in 143.5 million ordinary shares, representing a 89% stake.

REVENUE ZERO

Nuburu, Inc., a company specializing in advanced laser technology, has released its Form 10-Q report for the first quarter of 2025. The report reveals significant financial and operational challenges, including a complete halt in sales activity and substantial losses. Despite these difficulties, the company is planning strategic shifts and partnerships to navigate its current situation.

Financial Highlights

Revenue: $0 million, reflecting a significant decrease from $93,549 in the prior year period, indicating a halt in sales activity.

Gross Margin: $(235,717), a negative gross margin due to cost of revenue exceeding revenue, highlighting inefficiencies in cost management.

Loss from Operations: $(3,042,422), showing a reduction in operating loss compared to $(4,528,287) in the prior year, driven by lower operating expenses.

Net Loss: $(14,020,050), significantly higher than the prior year's net loss of $(5,705,098), primarily due to non-operating expenses including a substantial interest expense recognized on remeasurement of preferred stock liability.

Net Loss Per Common Share, Basic and Diluted: $(0.20), improved from $(6.18) in the prior year, reflecting the impact of increased weighted-average common shares outstanding.

2bad. same as the irrevocable agreement to buy 17,483,000 million rtop shares lol.

irrevocably and az etc is historically flawed.

anyway, no sign of anything re tcei, trumar, tekne, nuburu or sfe in any italian government websites relating to the so-called golden power. probably cause it’s more ******.

2bad you are so full of the proverbial brown stuff it’s hard going looking at he total ****** you keep regurgitating.

facts :-

re: binding and irrevocable commitment letter -acquisition of the 100% of the corporate capital

of tcei s.a.r.l.

dear sirs,

the board of directors of nuburu inc. (the "company" or "nuburu"), a delaware corporation, hereby issues this binding and irrevocable commitment letter (the "letter") in connection with the proposed transactions as outlined below, to be entered into, directly and indirectly, with trumar capital llc ("trumar").

whereas that:

a.

trumar holds 100 % of the share capital oftcei s.a.r.l. ("tcei").

b.

nuburu acknowledges that tcei and the selling stockholders of tekne s.p.a. (the "sellers tekne") in february 2025 will enter into a binding and conditional agreement regarding the acquisition by tcei of 70% of the share capital of tekne s.p.a. ("tekne") for a maximum amount equal to $42 million ("acquisition tekne liability"), consisting of (i) $8,4 million in cash and (i) $33,6 million in nuburu stock (the "acquisition tekne"), as detailed in the agreement attached hereto as exhibit a (the "tekne acquisition agreement").

c.

the sellers tekne are aware that the acquisition tekne is part of a more complex transaction, under which, prior to the acquisition tekne, nuburu will acquire 100% of the share capital of tcei from trumar, as follows: (i) nuburu will acquire 20% of the share capital of tcei (the "first acquisition tcei"); and (ii) nuburu will acquire the remaining 80% of the share capital of tcei (the "second acquisition tcei") in order to provide, inter a/ia, the necessary financial resources for tcei to fulfill its obligations under the tekne acquisition agreement and the acquisition of 100% of the share capital of 1af2 s.r.1. ("orbit") by tcei (the "acquisition orbit" and, jointly with the acquisition tekne and the second acquisition tcei, the "final transaction"),

details of the nitty gritty as follows :-

https://www.sec.gov/archives/edgar/data/1814215/000095017025075392/buru-ex10_5.htm

basically all looks set up to settle up dw and flogging buru shares via the us listing for a company with zero revenue and no current manufacturing premises.

tekne are in serious debt too so the whole thing stinks.

FCA probably now involved as no doubt the cardboard / el cid tried to pull a fast one and get things sewn up out-with public scrutiny (audited and approved accounts) or it’s in conjunction with ongoing historical f*ckery which no doubt alarm bells have been raised and possibly a whistleblower lets things be known about previous financial statements and what appears to be totally false guidance issued by the BoD in the last 2 trading updates.

Hopefully patient shareholders will get a decent outcome when the restated accounts are issued and see a decent forward looking statement which might boost the SP to a realistic level.

Whisky FFS ICE. 🙈

The company said the probe by accountancy and audit firm Deloitte found "material weaknesses and failures" in the "financial culture" of its Projects division.

"This included inappropriate management pressure and override to maintain previously reported positions, including through unsupported dispensations, and over-optimism and/or lack of evidence in respect of accounting judgements," the company said.

The "cultural failings" may have led to some information being withheld from auditors, Wood Group added.

"As a result of the review, a number of prior year adjustments are expected to be required to the income statement and balance sheet," it said, predominantly within the Projects unit.

Wood Group said it expects "material prior year profit & loss and balance sheet adjustments" for 2022, 2023 and the first half of 2024. In addition "material" restatements are expected for adjusted earnings before interest, tax, depreciation and amortisation and adjusted Ebit for 2022 and 2023.

"The company does not currently expect any material impact from the review on the group's ability to generate cash in the future,"

All we want is a clean slate knowing exact numbers.

Company still winning large scale contracts so clearly not a high risk to the companies awarding these multi-million $ contracts.

Happy to sit tight and see what transpires after the numbers are issued.

Kando, get a grip. My first post and been watching comments on the board for months now and ice has been consistent re accounts being crucial before anything could be considered plus the 2 years restatements as clearly therein lies the issues (maybe why a deal didn’t happen previously).