Member Info for Muck165

And just an observation, but before that 3.2m sale went through I was being offered 0.84 for everything I have. Post the sale, I’m being offered 0.842. Not much of an increase I admit, but you’d expect the dummy quote to fall following a sale, not rise.

Well, pretty much since DH said he’d give an update we have had a 5m block buyer snaffling whenever the ASK drops. Yesterday there were 4x5m buys within a minute.

I have no doubt that we have a quiet accumulator here, possibly an insider, and possibly a warrant holder looking to eat liquidity under 0.09 before news, giving the SP the best chance to rise and stay above 0.12. That way they can exercise and get another free warrant.

Those in the know look after themselves….

And this is from the Transcript of the presentation they gave

"CTV continues to be our fastest-growing channel with no signs of slowing down. Partners like Disney, NBCU, Walmart, Roku, LG, Netflix and many others are deepening their relationships with us around the growing decisioned programmatic opportunity in CTV – which delivers the most effective and highest return on ad spend compared to insertion order or programmatic guaranteed buying. I could not be more excited about our position in CTV and the size of the growth opportunity for us in the years ahead."

The Trade Desk published its Q2 results yesterday, showing 19% YoY earnings growth.

The presentation they put out to support the results (which you can access using the link below) reconfirmed their view that CTV is the major growth driver and that the future of TV is ad funded because people can't afford subscriptions.

Halley put out the Q1 results back in May to drive home the fact that we are in the right space. These Q2 results only reinforce that message.

https://investors.thetradedesk.com/financials/quarterly-results/default.aspx

As we know, Natie hosted Danielle Franklin from NVIDIA a number of weeks ago, during which they discussed Yentra and the next wave of its expansions (amongst other things)

https://www.linkedin.com/posts/natierau_ai-leadership-digitaltransformation-activity-7348324319590031363-OeXP?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

Danielle has only ever given one recommendation to anybody on LinkedIn - Natie. Here’s what she said in April.

“It is a true privilege to recommend Ignatius “Natie” Rautenbach, a brilliant and forward-thinking leader in artificial intelligence whose passion for innovation is matched only by his integrity and collaborative spirit.

Natie brings a rare combination of deep technical expertise and visionary thinking to every project he touches. Whether he’s exploring the frontiers of machine learning or architecting practical, real-world AI solutions, his ability to connect the dots between emerging technologies and business transformation is exceptional.

As AI continues to evolve at lightning speed, voices like Natie’s are more essential than ever. He doesn’t just follow trends—he sets them, with a grounded awareness of what it takes to build systems that are not only intelligent, but responsible and resilient.

What excites me most about Natie is his unwavering belief in AI as a force for good. He approaches challenges not with ego, but with curiosity and care, constantly asking how we can create tools that serve humanity—equitably, sustainably, and wisely.

If you’re looking for someone to help shape the future of AI with both technical mastery and human-centered vision, look no further. Working with Natie is not just a professional gain—it’s a deeply inspiring experience.”

Now, I’m not suggesting this all says Yentra is working with NVIDIA, although that’s possible and would be nice!! But for Danielle to give Natie this glowing recommendation does demonstrate his calibre I think.

0.09!

As Pompal says, if we were to raise it would be to support growth, not keep the lights on.

And anyway, I think any fresh capital is much more likely to come through warrant exercises at 0.9, which in turn, I think, will only happen if the VWAP gets and stays above 0.12 for 5 consecutive days.

I t

I’m not tech savvy enough to be certain, but it looks to me like quite a bit has been added to the Yentra site under the AI section in the main menu, which now (at least so I think) gives a lot more details about the services Yentra offer, including “Enterprise AI & LLM Implementation”. That will be EVOLVE.

https://yentra.ai/

https://yentra.ai/enterprise-ai-llm-implementation-advisory-enablement/

https://yentra.ai/the-ai-transformation-leadership-practice/

https://yentra.ai/action-ai/

Any tech savvy people out there able to double check these are all new additions?

True. Halley/Natie are certainly building tension.

Bit of a silly thing to do if there’s no real substance to back it.

It is! Last Weds I think it was when he said he’d give an update, so I don’t know what the delay is.

As to CIQ contracts, announcements might be delayed to coincide with when the contracting party wants them announced, or they might not yet have been signed. Equally, I suppose we might have been led up the garden path and there are no contracts.

But it is disappointing that no formal RNS has been given re Evolve given that very clearly seems to be Yentras first offering.

Some observations on this....

Natie has been drip feeding stuff like this during the same period we've all been expecting a Halley update.

EVOLVE is clearly targeting what recent NVIDIA research, re-posted by Halley, said is the future of Agentic AI - sovereign, efficient SLM's

Remembering that Natie hosted NVIDIA just a few weeks ago.

Https://www.linkedin.com/posts/natierau_slm-sovereignai-evolve-activity-7359153428125650944-QRLH?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA

terry, they were well on their way to achieving that.

they raised in august, having announced great 23/24 results in july. everything looked on track, and rosy. let’s face it, the raise was eaten up by 3 institutions at a very modest discount at the time.

then came trump.

i can’t criticise the bod for being unable to convert business in the period of uncertainty that followed.

i will criticise them for being as quiet as they were during h1 about how poor trading was. they didn’t, for example give us the customary trading update in january and so we only found out when the required half year report was issued at the end of march. that report ****ed me off, as did their slippery performance at the linked imc presentation. and what annoyed me more, at least personally, was that yates then blocked me and i believe teraferma without any justification on linkedin such that the best avenue i had of trying to understand what was going on was denied.

that was not a great look.

so, i think the bod are doing all they can to drive growth, i still believe the foundations are there to do it, and i think the recent run of contract news supports that. but, the bod does need to treat its pi investor base with a little more respect and be honest with us.

i’ve said before here, they are very quick to put out good news, and very late to give the disappointing. many times in the past, for example, they have made announcements of new collaborations/partnerships which sound promising, only to go dumb when they falter. vatic, dcn, senzo, bimelix are just some examples, i am a little concerned ecoflo may suffer the same fate despite positive noises on that front, and salistick just doesn’t appear to have taken off like we’d hoped (it’s now just £6.99 in boots for a 2 pack, after being launched at double that price).

we still have some headwinds, chief among them (in my view) being the continuing public perception that they aren’t that accurate. that’s why animal, plant, and environmental testing are good mkts. but the science has moved on leaps and bounds and we are at the forefront of that innovation. upfront continues to be a potential jewel in the crown.

Just for anyone interested, Anoki.ai, and their ContextIQ solution, is a pretty decent comparator to Connectediq IQ. They launched in 2023, about the same time CIQ was well under development I think, and seed funding rounds in 2023 and 2025 raised $8.5m combined. In June they integrated into the Magnite SSP, and have deals with various ad agencies in relation to sector specific campaigns like healthcare.

So they seem a little ahead of us, but not by much, and from what I can see have no logo detection. Equally, I think it likely CIQ may be more suited to the gaming demographic.

It’s just an example of a close competitor. It’s a private company so little is known about its current value, but for my money it’s likely well north of the $8.5m seed funding, and growing.

https://www.anoki.ai/products/contextiq

Just for clarity, Yentra has nothing little do with CIQ, except perhaps to provide engineers to support its development.

As I understand it, Yentra is all about providing sovereign, sustainable Agentic AI solutions, along with consultancy services. In other words, it’s about creating bespoke agents using in house infrastructure, thereby improving efficiency and managing data privacy.

CIQ is targeting one mkt

Yentra is targeting another.

Both opportunities are massive, and both are trending.

Just to say that Halley has re-tweeted Natie's post, so no doubt in my mind EVOLVE is a Yentra offering. Hopefully ore details in the promised update, when it comes.

I can understand some of the frustration - we just can't seem to get to profit despite appearing to do all the right things. Some of that might be levelled at the BoD, but there are other factors.

And as for the BoD, I think it's worth remembering that both Yates and Hand are down c£187.5k on the £250k investments they each made at 25p back in 2021.

We can but dream.

The simple point is that CIQ only needs a very tiny share of the market to multi-bag from here. Validation with a leading commercial partner is what we need to see right now because that will open up the pipe of opportunity.

But just for arguments sake....

Lets assume CIQ would be valued at 5-10x ARR

If we managed to secure 10 campaigns a year at £30k per campaign (£300k), then CIQ would be worth £1.5 - £3m. Even that's not terrible!

But then lets assume more campaigns, or more revenue per campaign, and the numbers just improve.

10 campaigns at £100k each, or £25 campaigns at just £40k each, would get us £1m ARR and £5-10M value.

25 campaigns at £100k each and were knocking on £12.5m to £25m.

I realise this is just throwing numbers around, but it illustrates the potential and to be honest, I think is actually pretty prudent.

0.2p.