Member Info for Muck165

One other

There was a buy trade for 20,452,500 shares at 0.48 at 11.51 today. It is showing on other sites like ADVFN, just on here.

But it was definitely a buy, from today, because it moved the live quotes up.

Someone at least sees the ridiculous value on offer here!

1. The Yentra confirmation statement due 9 April still hasn't been filed at CH. This is very likely just oversight but I'm interested to see it in case any new shareholders have been brought in.

2 Natie just put out his regular linkedin post - https://www.linkedin.com/posts/natierau_aitransformation-agenticai-futureofwork-share-7467196401547149313-ilpN/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA. It, like all his posts, is interesting for us. What's more interesting though is that this is the first ever post where I have seen him tag Yentra.ai. Click the tag, and it takes you to a Yentra linkedin page, in bare bones format - I've never been able to find one before and the wayback machine suggests its never been archived. So it looks new.

Perhaps he's gearing up to make Yentra specific announcements? Or perhaps not, who knows.

Just observations like I say

I’d add - Iris doesn’t just partner with anyone. You have to demonstrate value and technical ability, both in the solution being offered and broader connectivity.

Getting on is one thing. staying on is another.

We’ve been listed as a partner on their site for a year.

Must be doing something right.

Thought I’d share this to show just how valuable it is to be plugged into major player pipes.

We are fully integrated into IRIS.TV and listed by them as a data partner.

https://www.iris.tv/our-partners/

The IRIS site contains loads of info demonstrating the value of contextual and emotional targeting.

But the key thing is they provide curated deal solutions powered BY ITS DATA PARTNERS (ie us and others).

https://www.iris.tv/contextual-ctv-pmp-list/?_gl=1*1an6f8u*_gcl_au*MTI5MDUyNzIwMy4xNzgwMzA0ODI3

As you can see, many of these use emotional targeting (ie CIQ).

All a buyer has to do is select the deal they want. If we’re the data behind the deal, we get paid.

Easy as pie.

That’s the value of positioning and integration into the ad tech infrastructure.

And that just with Iris. Similar things available through Magnite/Pubmatic.

For info

https://www.youtube.com/watch?v=3ZhvRVfsgzk

CONS

1. Lack of shareholder communication. For all the positives, much of what we can deduce is guesswork, conjecture, or from third party sites. Not good enough.

2. We have been spun the same line about potential, discussions, tests for a year now. It’s time to show us the results.

3. We know the premise of CIQ has huge potential - we just don’t know how good it is either from test results or contractual/revenue validation.

4. Despite the very low burn, cash might be getting low. It shouldn’t be if the significant revenue growth expectation signposted by DH in the interims has come true, but we just don’t know.

5. Yentra is a new business - it’s started well (although we only know that from Koneqt and not DH), but it will take time to establish.

Overall the “promise” of CIQ/Yentra is astonishing when taken in the context of the successful company operational and cost pivot, the solutions on offer, the alignment of the board, and the massive trending markets they’re targeting. The products and positioning are all there, and from a paltry £2m MCAP and low free float, that promise could (and should) be explosive. This is more the case when you look at resistance levels on the charts which suggest little headwind from 0.3 to 0.8 and a potential of nearly 1.4.

All that’s stopping us now is commercial validation. If CIQ was a dud then why the new website and hires, and why all the positive interview comment from DH? If DH is to be believed it’s because he’s building a “scale of news to release. We know there’s already scale with Yentra, and there could easily be with CIQ.

Currently I think Gfinity is priced to fail, despite all the positives and promise. That lack of belief stems from just one thing - DH lack of communication.

Im holding strong because all it will take here is a single piece of positive news and the price will run. Personally I think we can expect a flurry of news, each building on the last.

But each to their own, and no doubt anyone who managed to get to the end of these last 2 posts might have other comment.

Was having a think about the pros and cons here and thought I’d share for interest/debate.

PROS

1. Profitable core GDM business. No small feat in itself given shift to LLM search and natural reduction to all website traffic. Suggests a loyal and engaged core customer base.

2. Core audience are gamers, a highly prized but hard to reach demographic.

3. Wholly aligned CEO who has been unpaid since joining in 2023.

4. Vast majority of CEO options/warrants currently out of the money. He only benefits if they get in the money.

5. Stripped back operational costs - mostly running on AI infrastructure that, crucially, can easily absorb more businesses as an AI Holdco whilst stripping out cost. That’s the vision here.

6. Steadily improving financials, which are already pretty solid.

7. Traditional media targeting becoming obsolete in cookieless, privacy first, LLM world, resulting in massive shift to CTV and video as the preferred ad method.

8. Contextual targeting and AgenticOS are fuelling that foundational change. CIQ are both, and has few direct competitors particularly with scene level emotional targeting.

9.CIQ has embedded itself in adtech infrastructure pipes following integrations with majors, IRIS.TV, Magnite and Pubmatic, and developed its own plug in interface. Couple all that with Pubx partnership and CIQ has numerous and strong routes to market.

10. CTV ad market is already massive but still growing fast. It, along with AgenticOS is fueling the significant SP growth of SSPs like Pubmatic. We are riding the wave because we saw this coming.

11. CIQ is revenue generating, and latest LinkedIn posts (last week) from Jo Taverner (CIQ sales) confirms campaigns are using CIQ data. It has customers - we just don’t know about them.

12. Yentra is targeting a similarly large and growing market with emphasis on sovereignty, ontology, ethical use, and cost efficiency using focussed SLMs. Notable here that Microsoft is cancelling all Claude Code internal licences because the token computer cost of that LLM was untenable, and Uber burned through its entire 2026 token budget in just 4 months. LLM use is hugely expensive and will only get more expensive with more use - SLMs are the opposite.

13. Yentra is already being deployed across 7 different global regions including areas like education, banking, fintech, regulation, mining, carbon credits, fleet operations, and for enterprise, public authorities and governments. And those are only the ones disclosed on the Koneqt site.

Cons next!

Well, we may have the same idiot trading today. Someone bought just over 4m at 12.46 and then sold the same volume just over 2 hours later!

As annoyed as I am at DH lack of communication, I took advantage of the idiot and had some more at 0.45.

Both the live bid and offer are ticking up off just small buys now. It went one way today - it can easily flip and go the other way even without news. But with news...

No - the language used certainly did point to the expectation of the AD being published in May.

But if I recall the language in the previous RNS indicated April....

The timeline keeps slipping, but that is simply par for the course here. It doesn't look like May is going to be hit, but I think this time around there really may be a hardstop deadline of 15 June. If no AGM is called by then, with an AD published, I think there is a real chance this might fall over. Could still be extended, but then we are much more in the hands of the regulators to see if they are happy sufficient progress and/or liklihood of completion has been made - if they are not, delisting becomes more realistic than it is currently.

Nobody can give you an exact date Desman.

We are told by Vast that it will seek re admission when the RTO admission document is published. That’s what everyone is waiting for. The last RNS said they expected that to be in May IF it could finalise the associated raise.

For both the raise and the admission document they will also need full audited Gulf accounts for 2025. Last RNS said they expected that audit was being “accelerated”.

We’ve not yet had the AD which suggests either or both of the raise and audit haven’t yet been concluded.

As to whether to hold when (or if) trading resumes, I think that very much depends on what’s in the AD and what the diamonds realise. My own view though is that all existing holdings will be diluted to hell with values likely much much lower in consequence, so the answer for many will be there just isn’t any point selling to crystallise a massive loss.

Best I can do.

And whilst Wurl do a lot more than CIQ, their contextual scene level emotional layer is a primary driver in their growth and something they plug routinely.

They were bought out in 2022 for $430m.

Not saying thats what CIQ can get to., although it does demonstrate value in what CIQ does. But there will be companies out there looking to build the same kind of platform to Wurl and who would be interested in plugging in, or even buying, a solution like CIQ rather than building it themselves. Emotional targeting is after all a difficult thing to achieve, especially when you consider how emotion can be perceived and conveyed across different cultures and geographies.

Food for thought

Completely!

While we wait, CIQ only have a handful of direct competitors (WURL, Kerv etc) but perhaps the closest is Anoki.

From what I can see it is believed to have launched in 2023. Around 15 months later it announced a first partnership with Amagi, a cloud based CTV infrastructure company) and then in 2025 confirmed integration into Magnite and follow on contracts with Dentsu.

CIQ had to be built before we licensed it, so whilst it may have started a little later than Anoki, it wont have been by much. Of course we moved on with Iris TV integration and then Magnite and Pubmatic partnerships, so our progression into infrastructure pipes is similar to Anoki.

The big difference is the Dentsu validation. Thats the kind of news we are waiting for here.

But in 2025 Anoki is reported to have made $4.6m in revenue and been worth $13.9m - it has only grown since.

Its not quite the same. It does a bit more, and is a little bit further down the line (but just a little).

Useful I think to see what potential there is here. $4.6m revenue would do just nicely in the short term.

You'd hope.

Did a bit more digging. The matters is still at an early litigation state. All criminal investigations are likely concluded and the case presented to the Court. He now has to stress test its strength to see if it moves forward.

That being the case it may not require an RNS now.

But I would certainly think it would need disclosing in the AD, regardless of the insurance position.

A new Romanian Court record was opened yesterday, which names Vast Baita Plai as a criminal defendant in a manslaughter case.

I suspect that the 4 "civil parities", sharing the same surname, are the family of the deceased.

It seemed odd to me that a criminal case could have civil parties, but apparently this is not uncommon in Romania where those parties are seeking compensation for damage caused by criminal acts. So this looks like a corporate manslaughter case where the family are seeking damages.

I recall that some while ago there was a fatality at the mine. It may relate to that circumstance. I hope its not another one.

Don't know how this affects the RTO process if at all, but I certainly would have thought that at the very least some provision for damages will need to be made.

Very sad all round.

https://portal-justitie.ro/dosar/?dosar=2044/187/2026&institutie=JudecatoriaBEIUS

https://portal-justitie.ro/dosar/?dosar=2044/187/2026&institutie=JudecatoriaBEIUS

I’d add.

Can’t see a raise getting away without the Gulf audit.

That’s needed anyway for the AD.

So the audit seems to be the current bottleneck. That was always going to be the case though, so why they only waited until recently to “accelerate” it god only knows.

I’d add.

Can’t see a raise getting away without the Gulf audit.

That’s needed anyway for the AD.

So the audit seems to be the current bottleneck. That was always going to be the case though, so why they only waited until recently to “accelerate” it god only knows.

Timeline looks right to me.

On automatic cancellation, I think the crux for regulators is to see whether or not the RTO has meaningfully progressed to a likely completion. One measure of that is whether or not an AD has been published and a GM called. If that’s happened then I think we’d extend beyond six months.

Someone else pointed this out to me so I can't take credit, but it did make me laugh.

This morning between 8.46 and 8.51 we had 3 x 5m buys, and a smaller one of 2,654,979 - a total of 17,264,979 bought for £8,737.

Then at around 11.45 we saw two sell trades for a total amount of........17,264,979, realising £8,186.

Can't be absolutely certain of course, but it really does look like someone bought this morning and sold the lot at a loss 3 hours later!!

I suppose that shows people are looking out for a spike on news here !

And from what I can see there’s currently not much left to buy under 0.5, but MM’s will take significant volume from you if you wanted to sell

I do get that, and to some extent agree.

What I don’t understand is why no further disclosures were made when Yentra actually took on multiple first customers. Those are actual events and I’d have thought material for a nascent JV.

Whatever, that 40m trade yesterday was interesting. By the price and time it looks like a buy, but this stock has always had volume trading limits (buy or sell) well below that. I’ve never been able to get more than 25m in one hit (anyone else?). So it seems to me someone either got on the phone to negotiate it, or it’s perhaps part of a larger buy order.

Whatever, it demonstrates solid demand at 0.5.