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Still very much under the radar, but perfectly poised for significant upside from this bargain low sp, as positive newsflow is deleivered during H2 2023 for full investor focus and market interest, both here and the US...... Gla Holders :-)
Murray Galbraith, Chief Executive Officer of YouneeqAI said:
"We are incredibly excited to close this transaction with the RC365 team. RC365's current business model, customers, future plans and goals align perfectly with YouneeqAI's platform. Our platform, product offerings and related IP are constantly improving and evolving, expanding reach and possibilities for customers. With over several decades of combined AI and technical services experience, we look forward to a long, prosperous and mutually beneficial partnership with RC365."
Issue of Equity
Application for the initial 3,000,000 new Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange has been made. Dealings are expected to commence on or around 6 September 2023. All new Ordinary Shares were issued at 75p per share.
Conditional on Admission of the 3,000,000 new Ordinary Shares, the Company's issued ordinary share capital will be 128,534,591 Ordinary Shares, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
RNS Number : 0308L
RC365 Holding PLC
01 September 2023
1 September 2023
RC365 Holding Plc
("RC365" or the "Company")
Agreement signed with YouneeqAI Technical Services Inc for IP Rights
RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions and IT support, refers to the announcement made on 14 August 2023 whereby the Company signed a non-legally binding Letter of Intent ("LOI") with YouneeqAI Technical Services Inc ("YouneeqAI") to acquire the exclusive rights to YoouneeqAI's IP and Platform in the UK.
Further to this LOI, the Company is pleased to announce that it has signed an Exclusive Rights Agreement ("Agreement") with YoouneeqAI's. Under this Agreement RC365 has the right to market, distribute and resell YoouneeqAI's Platform to customers on an exclusive basis within the UK with a right of first refusal to purchase additional territories. The consideration is to be satisfied by the issue of 6,000,000 new Ordinary Shares of which 3,000,000 have been issued on signing and the balance will be issued on or around 29 February 2024.
In addition to the consideration, it is agreed that the YouneeqAI shall receive 1% of any and all gross revenue (excluding VAT) generated from the use of the Platform by RC365.
RC365 can use YouneeqAI's Trademarks in connection with its advertising, promotion and marketing of the Platform.
Terms and Conditions
The Agreement shall be valid from 31 August 2023 and shall continue for a term of 10 years and shall then automatically renew for successive terms of 5 years unless terminated by either party upon service of written notice of termination to the other party, provided such notice of termination is served no less than one month prior to the end of the initial 10 year term or any subsequent 5 year renewal period.
Chi Kit Law (Michael), Executive Director and Chief Executive Officer, said:
"This transaction with YouneeqAI represents an important milestone for RC365, customers and shareholders alike. We previously announced our intention to enter into the A.I. space in a meaningful way that both complements our existing business, but also supports our future expansion and evolution plans, we feel this transaction represents a great first step in that direction.
The YouneeqAI team brings a wealth of experience in the both the A.I and technical fields and will be fully supportive in working with our existing and future customer base to ensure smooth implementation and utility of the platform. In addition, we look forward to further together towards expanding our existing offerings."
Murray Galbraith, Chief Executive Officer of YouneeqAI said:
"We are incredibly excited to close this transaction with the RC365 team. RC365's current business model, customers, future plans and goals align perfectly with YouneeqAI's platform. Our platform, product offerings and related IP are constantly improving and evolving, expanding reach and possibilities for cus
Lol...as the sp keeps heading North, the only ones who are losing money are those who are betting short on their spread bets....the like minded cohorts who are displaying a strong smell of desperation in their incessant repetitive negativity...ha ha ha :-)
In March 2022, the Company commenced a scientific research collaboration with the University of Rochester's Aging Research Center (RoAR), one of the world's pre-eminent age research facilities. The collaborative research will be spearheaded by a member of the Company's scientific advisory board, Dr Vera Gorbunova, who is an internationally acclaimed leading scientist in the areas of DNA repair and the aging process. The data obtained from the collaboration will support the pre-clinical trials Genflow is undertaking and will expedite its development of gene therapies.
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New Breakthrough Paves the Way for Extending Human Lifespan – Scientists Successfully Transfer Longevity Gene
By UNIVERSITY OF ROCHESTER AUGUST 27, 2023
Researchers successfully transferred a longevity gene from naked mole rats to mice, leading to enhanced health and increased lifespan. Naked mole rats, noted for their resistance to age-related diseases, have a gene that produces high molecular weight hyaluronic acid (HMW-HA), which when introduced to mice, demonstrated potential anti-aging benefits.
The successful transfer of a gene that produces HMW-HA paves the way for improving the health and lifespan of humans, too.
In a groundbreaking endeavor, scientists at the University of Rochester have successfully transferred a longevity gene from naked mole rats to mice, leading to enhanced health and a longer lifespan for the mice.
Naked mole rats, known for their long lifespans and exceptional resistance to age-related diseases, have long captured the attention of the scientific community. By introducing a specific gene responsible for enhanced cellular repair and protection into mice, the Rochester researchers have opened exciting possibilities for unlocking the secrets of aging and extending human lifespan.
“Our study provides a proof of principle that unique longevity mechanisms that evolved in long-lived mammalian species
hTtps://scitechdaily.com/new-breakthrough-paves-the-way-for-extending-human-lifespan-scientists-successfully-transfer-longevity-gene/
A few more top UP's for me this morning in anticipation of game changing newsflow and a significant re-rate this coming month....Tick Tock...Gla holders:-)
Potential game changing news ( long over due ) this coming month highly likely. Gla ;-)
Jeez, the poor saps who've taken your advice since Friday have missed out on a 40% plus rise...well done mate!!!👎
Up 22.7% today and 10% Friday....we could be back to £1 plus by Friday, despite the incessant negativity from the cohorts who are intent in driving the sp down as they try and discourage and deter...ho ho......Gla holders...more potential positive newsflow in the coming days and weeks to add significant value...On and UP!!! :-)
Lol...the chumps are determined to undermine and deter, to drive the sp down as no doubt they're short on their spread bets....incessant negative repetition, yet the sp heads North despite their efforts...ha ha ha......Gla holders....more positive news highly likely in the coming days and weeks to add value. :-)
The Hong Kong Monetary Authority (HKMA) unveiled its Fintech Promotion Roadmap today. The goal of the document is to provide a strategic outlook for the coming year to promote fintech adoption and innovation across Hong Kong’s diverse financial services ecosystem.
The top takeaways? The Roadmap highlights three business verticals: wealthtech, insurtech, and greentech – as primary. The planning document also underscores both artificial intelligence (AI) and distributed ledger technology (DLT) as a pair of enabling, if not revolutionary, technologies that will play a major role in future innovation in financial services.
hTtps://finovate.com/finovate-global-hong-kong-a-roadmap-to-the-future-of-ai-and-dlt/
Lol....and so they've already sold their shares and banked their profits along with the lucky pi's who got in early and ignored your negative opinion at thar time....the new low sp offers an opportunity for those who can make their own investment decisions and are not adverse to risk, to catch the next wave....more good positive newsflow in the pipeline on multiple fronts could drop at anytime, commercial deals, increased revenues and further moves into the AI space will be very well received ....Gla holders....there appears to be several cohorts determined to undermine and deter!!!??? :-)
Get UP there!!! Gla holders :-)
The true value will be determined by the market and further positive newsflow in the pipeline on several fronts....Gla holders...On and UP!!! :-)
Lol, all the traders and pampers and lucky Pi's who got in early have already sold out and taken their profits...the new current low looks very attractive commensurate to prospects and potential and rising revenue streams. Gla holders;-)
Isn't that old news???? The sp is down over 70% as profit takers have sold ( dumped ) their shares on such a stellar rise , and who can blame them??? The current low sp and market cap maybe provides an opportunity to catch the next wave, especially as more good news arrives, which is more than likely given their activities and growing revenues.....RC365's prospects and potential going forward are very interesting. Gla ;-)
Why Generative AI Could Grow After Bad Nvidia Earnings
Aug 27, 2023
Does the rush of capital into Generative Artificial Intelligence depend too heavily on one company?
After all, the Generative AI shot heard round the world was fired May 24 when chip designer Nvidia forecast much faster-than-expected second quarter growth — sending its market capitalization up $250 billion.
That left the investment world on edge in the days leading up to its second quarter results. But the chip designer did not disappoint — instead it grew faster than expected and raised its guidance.
How so? On August 24, Nvidia reported much better than expected second quarter results and raised its forecast. The company’s revenue up 88% from the previous quarter — $2.51 billion more than forecast while Nvidia guided investors to expect 170% revenue growth in the third quarter — $3.4 billion above estimates.
Can Nvidia keep blasting through investor expectations? What would happen to capital flows into the Generative AI ecosystem if Nvidia were to deliver disappointing earnings or a more conservative forecast?
I do not know the answer to the first question, but it partially depends on the answer to the second one — which is if companies continue to find high payoffs from using the technology to solve pressing business problems, then capital will keep flowing into Generative AI.