RE: Supply@Me Turnaround25 Apr 2025 04:24
Anyboby else find it worrying that this defence tech company being acquired by Nuburu is in fact owned by our very own AZ, doesn't sound fishy at all does it! It has 19 customers and 20 staff, no doubt they will be paying a vastly inflated price compared to true market value. And check out this statement from Nuburu's 10K
"We have not yet achieved commercialization and expect continued losses until we can do so. We must rely on capital from investors to support operations. From inception through December 31, 2024, have incurred operating losses and negative cash flows from operating activities. For the year ended December 31, 2024, we incurred operating losses, including
net losses of $34,515,754, and we had an accumulated deficit of $131,806,605 as of December 31, 2024. We anticipate that we will incur net losses for the foreseeable future and, even if we generate revenue, there is no guarantee that we will ever become profitable."