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I believe Clifford’s goal is to see them become billion dollar companies before we see any special dividends.
It would seem that most people do NOT understand the relevance of the Warrants TEK held LUCYD at a book value of US$ 27M prior to the IPO of Innovative Eyewear on Nasdaq ( LUCY ) The IPO of LUCY consisted of 1 common stock (share) PLUS 2 Warrants ( Now traded as LUCYW again on Nasdaq ) ---------------------------------------- AFTER the IPO Tekcapital own 100% of LUCYD and approximately 71% of Innovative Eyewear ( Nasdaq LUCY ) which is 5.19 million shares Those 5.19 Million shares are all --- 1 common stock (LUCY) + 2 Warrants ( LUCYW) Series A ---------------------------------------- Thus in order to ascertain the present value of Tekcapital holding of Innovative Eyewear the value of the Warrants MUST be included in the calculation ( see Tekcapital Twitter in buywell last post ) At close today on Nasdaq: LUCY COMMON STOCK ended at $5.54 htTps://www.nasdaq.com/market-activity/stocks/lucy The Series A Warrant at close Innovative Eyewear, Inc. Series A Warrants (LUCYW) ended at $0.89 htTps://www.nasdaq.com/market-activity/stocks/lucyw So the TEK holding of Innovative Eyewear is calculated as: 5.19M X $5.54 + 2 x ( 5.19M x $0.89 ) $28,752,600 + 2 x ( $4,619,100 ) $28,752,600 + $9,238,200 = $37,990,800 TEK at present has LUCYD valued on its books at $27,000,000 The IPO of Innovative Eyewear as of today Nasdaq close --- has added $10,990,800 to that book value Which is 9,083,896.20 Pound Sterling at todays rate Which represents a NAV uplift of 9,083,896 ÷ 149,590,000 = 6.0735 pence a share dyor -------------------------------------- To: Flagstaff/TEK Whilst the city and the MM's are fully aware of what warrants mean and how they add value Most PI's do not It is the opine of buywell that TEK needs to explain this ASAP Otherwise many are going to focus on the LUCY Share price and not take account of the LUCYW warrants This IMO is why the TEK price has fallen
Very obvious there are traders lurking on this board - ramp to the max to get their few percent gains for beer money. Sadly because of TEK’s success, the board that used to have constructive posts by genuine investors are being slowly swamped with poor posts by traders/shorters.
Not at all worries - just profit taking from short term investors looking for a quick buck.
https://twitter.com/tekcapital/status/1559163751861035010?s=21&t=C7V6ED_3ViNkSIk1RAWOtw
Brilliant news finally! It’s been a tricky year for most shares and TEK is the standout performer by a long way in my portfolio. I can see a re-rate not just for this week but in the coming months. Microsalt next!
IPO this week? I bloody hope so!
Did a test buy/sell earlier - the spread is tight and the sells were actually buys.
Shown as a sell - looks like a buy judging at the trade time if you agree?
https://twitter.com/daveyboy_1234/status/1557336599368814600?s=21&t=oyD-YY0QCBfMdH6LPphjOg
Boom if proven
And also…prospective USA investors need some awareness of TEK’s potential. We already know at our end of the pond. Good publicity.
That’s fine happy for the others to take their profits. I am still a long term holder. Same time next year, what the SP is going to be? Answers on a postcard please.
Resilient TEK as I expected profit taking. New investors/top ups are keeping the SP stable, ready for the next uplift :)
Updated note from SP Angel - target price now in excess of 66p
https://twitter.com/research_tree/status/1552584703357624321?s=21&t=8jrhGfHzgYYUOcj_8Vz-4w
It is free to register if you want to see the notes
Excellent update, I bet TEK is one of the few companies that is actually making a profit in 2022. No doubt microsalt would steal the limelight in the 2nd half of this year.
https://www.renaissancecapital.com/IPO-Center/News/93837/Smart-eyewear-maker-Innovative-Eyewear-cuts-deal-size-by-25-ahead-of-$8-mil
Interesting…
https://www.sec.gov/Archives/edgar/data/0001808377/000182912622012073/innovativeeye_s1a.htm
https://ukinvestormagazine.lpages.co/uk-investor-magazine-virtual-investor-evening-july-2022/
Yup the idea of the placing is to speed up the IPOs and productivities. Much better than having to wait several months. Short term pain = long term gain.
We had placings we did not like. I recall a 12p placing that we all muttered. Look at the SP now - it’s the growth of the companies that mattered. Lucyd and Salarius will be IPO’d soon. Guident is the big one but it will take more time (2024?). When the markets recover from a bear market, we will come good.