Member Info for Theanalyzer

TwoGoodToDie

The1/3rd limit only applies to S3 registrations not S1 registrations where Nuburu have recently filed one for 20 million shares to be sold to Yorkville and 1 for 47 million shares to various convertible loan note holders.

So if SEC approves these S1 filings that is another 67 million shares in issue diluting punters by 100% as there are only 62 million shares in issue at present.

Another bogus theory of yours exposed.

TwoGoodToDie

Of course I am quoting Nuburu’s request to increase its authorised but unissued shares capital because it’s an indicator of scale of potential future share issuances to come. Given the current limit is 250 million authorised shares, Nuburu already had a lot of headroom.

I also note that Nuburu has already increased shares in issue from 20.27 million at 31 December 2024 to 62.1 million share now, so clearly there are ways of dramatically increasing the shares in issue.

As to the

Hughez87

Earlier this morning you were citing it as evidence of a share buy back now you’re admitting it’s a way of paying off debt using more shares.

Of course they won’t dump all 900 million shares in one go but to go from current 250 million to 900 million shares gives a big hint that Nuburu want massive share headroom this year.

Hughez87

DipNuke who TwoGoodToDie quotes has got this wrong.

Nuburu are now swapping historic preference shares which are now classified as debt because Nuburu’s share price collapse meant it missed the Jan 2025 conversion deadline into a new convertible loan note over ordinary shares which can convert into ordinary shares on a 5 day VWAP basis I.e conversion is now at lower share price.

Giving preference share holders a way of being repaid because it does have the cash to repay them.

So it’s potentially more dilution for ordinary Nuburu shareholders.

The good news is that Nuburu are asking shareholders to let them issue up to 900 million shares up from current 62 million, so there may be plenty of headroom.

TrevorBrooking

Nuburu no longer owns the laser patents either as the secured loan note holders foreclosed their loans and auctioned the assets.

Meanwhile Nuburu has line another 42 million shares for registration to cover off recent convertible loan note issuances. True not all the shares are issuable yet because of lock ups restrictions but it shows the intention is to holders dump the stock when they can.

Interims to 31 March were released

2024 6 June

2023 9 June

So Versarien are running later than usual perhaps they are waiting on positive news before they publish?

TwoGoodToDie

Funding sorted?. LOL

Supply hasn’t even sorted its corporate funding from Nuburu yet and even after full injection in September it will still be technically insolvent.

No news on funding partners for inventory monetisation either.

Forget the $100 million after Tekne purchase $44 million, historic Nuburu trade creditors $38 million (there not trade creditors who will be paid like normal working capital cycle creditors), $4 million plus for Supply and you have eaten a big hole in the $100 million.

As for Tekne riding to the rescue according to Hughez it made €1.3 million last year about as much as Supply loses every year.

44% shareholder return in year

PSC overhang diluted

Increased dividends and share buy backs

Key challenge is going to be keeping high rates of return due to current net assets

Steve Ward

TwoGoodToDie loves to uses ChatGPT and sound knowledgeable but appears unable to get to logical conclusions from the information he has used.

Like why would any company without real pressing liquidity issues be borrowing at such sky high rates of return?

TwoGoodToDie

You keep making stuff up and don’t what you’re talking about.

You say that Nuburu isn’t desperate for cash.

I say it is because it is borrowing at horrendous interest rates.

Latest Agile loan extension signed on 30 May 2025 means that for cash received of $748,000 it has to repay $1,440,000 by Dec 2025.

Interest is $692,000 on borrowings of $748,000 or 92.5% in around 7 months.

The effective interest is almost certainly over 100% per annum, the short duration almost doubles the rate but weekly payments reduce it.

Borrowing at such a rate is an obvious sign of being desperate for cash.

Dr Jan

Do you ever read the published audited accounts in your research?

I ask because you boldly assume that graphene material sales are high margin of at least 50% .

The sad reality as Note 2 to the accounts show are that in year to 2024 Graphene Revenue were £384,000 at negative gross margins (£65,000).

Yes it was a lot better than 2023 figures which were revenue £239,000 negative gross margins. (£560,000) but still not profitable let alone 50% gross margins.

Regards

DW may not be on Nuburu Board but his CFO Shawn Taylor is, he CFO of Eight Capital Partners, Sifal formerly Dispensa and Max Rets Ventures now both delisted.

So AZ and DW who brought SYME to market at a value of £220 million are involved in another RTO another company into a listed entity.

Ready to crash and burn

Dr Jan

Your margin of safety from Total Carbide looks to be overly optimistic.

Total Carbide was valued by management at £1.130 million see Note 2 to the last accounts. The accounts explain in Note 13 that the asset impairment of £888,000 was made to reflect fair value less costs to sell of Total Carbide. So if Total Carbide is sold for Directors estimate it isn’t going to make much of a dent in the £5 million principal of the Innovate Loan. With the Innovate deferred interest now approaching £750,000, the Total Carbide proceeds will clear that and make a small dent in the principal.

I don’t see the Strategic Investor bridging the remaining gap.

twogoodtodie

you keep clearly have absolutely no idea what you are talking about.

if nuburu issues $42 million in shares for tekne being $33.6 million in a share for ************** and $8.4 million for cash then that fills in the shareholders equity hole of $37 million because it has raised new equity of $42.0 million.

the nuburu historic creditors of $38.3 million as at 31 march 2025 remain unchanged.

the reason is the $42 million in new equity being issued is buying tekne business not paying off historic liabilities.

nuburu shareholders do need to approve the proxy votes when they are finalised because if they don’t then tekne deal is unlikely to happen as nuburu won’t be able to issue enough shares, so it’s not a done deal yet.

TwoGoodToDie

I see you know now concede you were talking nonsense when you kept referring to $2 million market cap not $2 million shareholders equity.

However your still spouting some nonsense because the $50 million ELOC from Liqeous isn’t happening as it quite clearly states on top of page 6 of the Form 10K amended filing.

The Tekne deal of could fill the equity hole provided Nuburu can raise the $8 million cash element.

TwoGoodToDie

It’s a minimum of $2 million of stockholders equity not a minimum of $2 million market capitalisation.

Try doing some research.

Dr Jan

Peel Hunt continue to offload now Dow;to 11.37% down from 16.27% so almost 1/3rd of holding dumped

TwoGoodToDie

Supply had net liabilities of £2.8 million at 31 December 2024 meaning that it was funded by creditors. They will need paying at some stage which is why Nuburu facility was large than 12 months ongoing losses funding.

Nuburu has net liabilities of $37 million which also need to be paid. The May fund raises generated less than a $1 million.

Your in denial about the poor financial state of both companies.

TwoGoodToDie

Where’s the $8.6 million in cash coming from for the deal then TwoGoodToDie as you know so muc(?