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From our friends across the pond, IEEE 802.3df has been ratified, 800GbE set to go --
I’m sure that is why RH the millionaire put his 250k on this lol
The 84-Year-Old Man Who Saved Nvidia
By Ben Cohen
by Ko Sasaki for The Wall Street Journal
Updated May 18, 2024 12:02 am ET
It’s a $2 trillion company today. It wouldn’t exist without someone known as Irimajiri-san.
Before it was one of the world’s most valuable companies, Nvidia NVDA was a company on the verge of going out of business.
Jensen Huang’s startup had been around for a few years in the 1990s when it looked like it wouldn’t be around for much longer. Its first chip was a flop. Its next chip was doomed to fail. Huang himself says this was nothing less than an existential moment for his nascent company.
And it survived only because of a man he calls Irimajiri-san.
Nvidia was running out of money when Huang asked one of the top executives at the videogame giant Sega for a $5 million lifeline to keep his company afloat. There was absolutely no reason for Irimajiri-san to do it. He did it anyway.
“To his credit,” Huang recently said, “and my amazement.”
https://www.wsj.com/business/nvidia-stock-jensen-huang-sega-irimajiri-chips-ai-906247db?mod=hp_lead_pos10
One good sign during the fiasco, no one jumped ship.
I can't confirm but my understanding is their in testing with the leader of the pack.
Recently SEV was in and testing with two of those companies mentioned below.
A: The main difference is that the GH series is not a high-volume product, while GB200 has a wide range of potential customers, including Google, Meta, OpenAI, Microsoft, Oracle, and Tesla. This means GB200 will see widespread application and high-volume adoption.
Q: What is the market prospect for the copper interconnect solution?
A: The market’s attitude towards the copper interconnect solution is changing. The fact that GB200 adopted the copper interconnect solution indicates that this solution may see wider application in the future. With the performance delivery of the relevant companies, the market prospect of the copper interconnect solution is worth looking forward to.
Some answers from our friends down the road-
Proto, I guess lightwave ain't going well either with Lebby saying, be patient (while I sell more to LPC). LOL
1 billions shares but debt free
As of today your company is officially debt free. Pathfinder Asset Management was your largest shareholder. Soon you will see if they were also your 'Lead' investor. Keep your eyes on the filings.
The next big news is a RS to bring value to shareholders!! LOL
By now, SEV has put more money in than RH. RH must be feeling jelly!.
Company has stated many times the lead time is 8 weeks so moving forward today's date under that time frame is middle of July and if delivery is expected for Sept we can assume they meaning customers still have time to order for Sept delivery.
But that window is getting tight.
SVE do you know if there are customers already committed to use S7 ACC's once the 800gbs deployments begin, if so, why would they not want to be placing orders now for anticipated 2nd half deployments as there would naturally be expected lead time for the manufacturing of the needed cables in volume
Large investor owning majority shares in this case is very good, not bad. Before this PP management and one other medium investor were the only ones with skin in the game to assure its continued survival at whatever cost. Now a large institution owns much of the shares and will assure a well funded corporation until profits remove that need.
In your opinion, what will the 10 million be used for...........keep the lights on for another 2-3 quarters or investment in inventory for a ramp up? Every raise for the past 18 months has just been to keep the lights on.
Also, how many shares are currently outstanding? I've lost track when you account for warrants and convertibles. I'd like to understand the current market cap at 9 cents per share but I have no idea what amount of shares to multiply 9 cents by.
So any "guess" who the large investor is? Anyone have info on that??
You helped someone OUT. That is admirable.
Was just going to post the same.
You misunderstand my friend. Available share amounts for management are limited when large investors want to own large portions. And one large investor wanted to own a very large portion.
$250k at .10 cents doesn’t strike me as conviction if you truly know (like they should) big things are coming. I’d have put much more in if I were in their shoes and KNEW sales were coming. $250,000k probably wouldn’t cover the annual tax bill for RH house. Pocket change.
$250k at .10 cents doesn’t strike me as conviction if you truly know (like they should) big things are coming. I’d have put much more in if I were in their shoes and KNEW sales were coming. $250,000k probably wouldn’t cover the annual tax bill for RH house. Pocket change.
Insider purchases of recent offering.
RH, $250,000 = 2,500,000 shares
RP, $250,000 =2,500,000 shares
I don't see many buying ,once bitten twice shy or in our case 10 times bitten extremely nervous.
Validation before buying
All about news now either playing with the big boys or actual sales. I guess all we can do now is sit back and wait....maybe do a little buying.
any excitement over this stock has been sucked out of the air. Volume and price suggest this will be a very long road to any sign of life
Clever, lets just say your post was so META.
Well, until they actually get some revenue the share price will likely be stagnant. If too much time passes until then, I think many of the retail investors will just loose confidence sending the share price in a downward spiral. Probably be sitting at 13 cents for a while until they announce their Azure and Oracle partnerships lol!
Our Oracle left the board a few days ago for greener pastures.
Thanks for posting this. Very helpful!
Both those posts are so META.
From the release,
In connection with the Private Placement, the Company and a lead investor in the Private Placement (the "Lead Investor") have entered into an investor rights agreement (the "IRA") whereby the Company has granted certain rights to the Lead Investor, including: (a) a nomination right with respect to one director on the board of the Company; (b) a pre-emptive right and top-up right in connection with certain future equity financings by the Company, each right being provided to the Lead Investor to allow it to maintain its ownership level in the Company and being subject to the prior approval of the TSXV; and (c) registration rights in the event the Company lists the Common Shares on a U.S. national securities exchange and becomes subject to the reporting requirements of U.S. securities laws. The IRA shall be terminated in the event the Lead Investor’s ownership level in the Company, calculated on a partially-diluted basis, becomes less than 10.0%.
SavWhatt? Don’t forget NVDIA, future has connected so many dots.
LOL. so Oracle and Microsoft you say. You, at the bery least, seem extremely confident this will take off soon. Wish to share why / how you come to believe this?
Colour me curious.
But you can also consult an Oracle to divine more information.
I can Azure you things are going on.
For all the potential stated with the size of the market one has to ask why would a large investor pull out just as your about to start revenue ramp.
My guess is due to ramp being not as big as once thought
I don't think you are wrong with what you say and until the orders start flowing this is still not on solid ground.
Who will qualify a supplier that almost went BK and it can happen again? Yes, huge orders are being place by SEV for the stock. That is it. The next gift to retail from RH will be another RS!
I asked about your sentence where you call a person an idiot ??
He marks every single post I make here with a pile of poop...
Can you explain me your last sentence where you call another person an idiot ?
conservative fair valuation of this technology based on Developments and IP to-date would be $100-$500 million USD in my estimation, depending on the level of market penetration it could be much higher as well, my guess is S7 will either enter into a significant JV with the likes of MACOM or S7 will be an Aquisition target in 2025
as such imo S7 could easily be a 10+ bagger from today's PPS within 1-2 years
Hey, Rkf302, if you bend a stick too hard it might turn into a boomerang.
At some point I will come to the board you are on and start marking your posts with tons of various emoji too. I don't think you will like it.
Stop doing that you idiot...
Fully Diluted Shares and Market Capitalization
Following closing of the first tranche of the Private Placement and completion of the Debenture Conversion, the Company will have outstanding a total of 137,822,393 Common Shares, 98,564,320 Pre-Funded Warrants, 107,683,090 Warrants, 66,884,674 14% Warrants, and 17,052,840 9% Warrants.
https://spectra7.com/closing-of-first-tranche-of-private-placement-of-10-7-million
137,822,393 Common Shares
_98,564,320 Pre-Funded Warrants
107,683,090 Warrants
_66,884,674 Warrants 14%
_17,052,840 Warrants 9%
-------------------------------------------
428,007,317 Fully Diluted Shares
So at current 0.13 CAD or 0.095 USD the Market Cap is (SEV) $55.6 Mil CAD or (SPVNF) $40.6 USD
Rkf302 the 1d10t is back from vacation. Welcome back! I hope your investment is working out for you.
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