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Where did you fine DK's new Caring Institute? Who is on the BOD? Did he bring Donnelly over as well?
DK and JD? What about the Gleasman's? Combined almost over $100M down the tubes. What's the breakdown on who lost the most?
Anyone call JD to ask for details?
Has anyone called the company for an update or explanation on the 200k?
The question I think that needs to be answered is; Was it lack of customer interest or did the watch not work? There is a $1M pile of watches sitting around and it has to be one of those reasons.
Has anyone called or emailed the company? Would be interesting to hear Donnelly's explanation
What do rotors have to do with differentials?
I am still trying to fill my position. Keep up the good work SULAX. the lower the price the better for me.
I have looked into this and posted previously on 11/17/20. I would say given the stats they are looking forward. May not deliver but hard to argue that there is significant growth in the space.
Tuesday, 11/17/20 08:27:09 AM
Re: Mayday post# 34994 0
Post #
34995
of 35011
That seems like a good question to ask GOOGLE. Looks like the answer is the market is big and growing. This feels like a hail mary but the market looks easier to approach than truckers.
Bills fans wont like this but I hope they have the skills of Deandre Hopkins and can come down with the ball in the endzone.
https://mindsea.com/health-apps/
According to IQVIA, there are now over 318,000 health apps available in app stores worldwide. With over 200 health apps added each day, this is nearly double the number of apps available just two years ago.
https://www.marketresearchfuture.com/reports/fitness-app-market-1405
The Fitness App Market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America held the largest share of the market in 2019, with a market value of USD 16.82 billion; the regional market is expected to register a CAGR of 28.35% during the forecast period. The growth of the fitness app market in the region can be attributed to the growing demand for wearable devices such as smart bands, smartwatches, and smart rings, the increasing awareness regarding the health conciseness, and the rising penetration of smartphones. Asia-Pacific is expected to register the highest CAGR of 33.46% during the forecast period. The growing consumer demand for a healthier lifestyle and the continuous growing interest in a balanced diet and the demand for improved healthcare across countries in the region is expected to make Asia-pacific the fastest-growing region in the market. Furthermore, the increased personal per capita disposable income is also driving the fitness app market growth in Asia-Pacific.
what expertise did they have in transmission,hydraulic pumps, or building watches? Those all worked out well.
That seems like a good question to ask GOOGLE. Looks like the answer is the market is big and growing. This feels like a hail mary but the market looks easier to approach than truckers.
Bills fans wont like this but I hope they have the skills of Deandre Hopkins and can come down with the ball in the endzone.
https://mindsea.com/health-apps/
According to IQVIA, there are now over 318,000 health apps available in app stores worldwide. With over 200 health apps added each day, this is nearly double the number of apps available just two years ago.
https://www.marketresearchfuture.com/reports/fitness-app-market-1405
The Fitness App Market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America held the largest share of the market in 2019, with a market value of USD 16.82 billion; the regional market is expected to register a CAGR of 28.35% during the forecast period. The growth of the fitness app market in the region can be attributed to the growing demand for wearable devices such as smart bands, smartwatches, and smart rings, the increasing awareness regarding the health conciseness, and the rising penetration of smartphones. Asia-Pacific is expected to register the highest CAGR of 33.46% during the forecast period. The growing consumer demand for a healthier lifestyle and the continuous growing interest in a balanced diet and the demand for improved healthcare across countries in the region is expected to make Asia-pacific the fastest-growing region in the market. Furthermore, the increased personal per capita disposable income is also driving the fitness app market growth in Asia-Pacific.
I dont like wording of the message today either. But to be fair they did let us know months ago in an 8-k about the pump.
Item 8.01
Other Events
On April 8, 2020, CurAegis Technologies, Inc. (the “Company” or “we”) initiated a temporary suspension of our pursuit of the monetization of our Aegis pump and motor technologies through a sale or other corporate relationship. This decision is directly linked to the COVID-19 pandemic which has adversely impacted and is expected to continue to adversely impact our ability to generate industry interest in the Aegis technologies. Recent updates with interested parties have clearly indicated that companies in the hydraulics industry are mainly focused on internal processes, technology, and employees during this pandemic-related pause in the worldwide economy. On April 8, 2020, our board of directors determined this suspension was in the best interests of the Company.
CurAegis CEO, James Donnelly stated “During this COVID-19 economic climate, our team remains focused on the design and commercialization of the myCadian app and expanding the user experience. Now relevant to the marketplace more than ever, our innovative platform provides a critical health and wellness tool unique to the marketplace.”
Did they kill off the pump or has it been sold?
Holy S%&T! Has the company ever posted a net income on the positive side? That is a $1.54M swing from Q3 2019. Maybe there is some light at the end of this long tunnel.
The net income for the three months ended September 30, 2020 was $127,000, compared with a net loss in the three months ended September 30, 2019 of $1,417,000. The net income attributable to common stockholders for the third quarter of 2020 was $73,000 as compared to a net loss of $1,472,000 for the third quarter of 2019.
https://www.sec.gov/Archives/edgar/data/1063197/000143774920023865/crgs20200930_10q.htm
the quarterly filings are due by the 15th. Will we see them today or have they given up?
so the gleasman's and kaplan are academics? that is the funniest thing posted on this board in a long time
Did some googling this morning. If anyone wants to call Donnelly directly his cell phone was posted on several past press releases form his previous company. 585-314-2548. Make sure you ask him about his 200k user claim
The Power Up loan can convert at 65% of the share price. Am I reading it correctly that a $1M investment under those terms would currently give you 33.3M shares? If yes, there are 51.45M shares outstanding so that $1M investment would give your 39% ownership; 33.3M of 84.75M outstanding shares. If the stock drops to the ask of .0286 that conversion is 53.75M shares or 51% of the company.
News section of the website updated today.
https://curaegis.com/newsroom/news/could-there-be-a-new-future-in-health-fitness-app-development
8-k Filed on 10/23/2020
tem 1.01
Entry into a Material Definitive Agreement
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 3.02
Unregistered Sales of Equity Securities
This Current Report on Form 8-K of CurAegis Technologies, Inc. (the "Company”) reports that on October 19, 2020, the Company entered into a securities purchase agreement with Geneva Roth Remark Holdings, Inc., a New York corporation and subsidiary of Power Up Lending Group Ltd. ("GRR"), pursuant to which GRR purchased a convertible promissory note of the Company in the principal amount of $50,000 (the "Note"). The Note has a one-year term and bears interest at 8%, with any interest or principal not paid when due earning 22% interest. The Note is convertible into the Company's common stock at a conversion price of 65% of the lowest per share closing price during the 20 days prior to conversion, with a limitation on conversion prohibiting the conversion of any portion of the Note that would result in beneficial ownership by GRR of more than 4.99% of the Company's issued and outstanding common stock, other than shares which may be deemed beneficially owned by GRR through ownership of the unconverted portion of the Note or any other security of the Company that is subject to an analogous limitation on conversion or exercise. Under the securities purchase agreement, for so long as the Note is outstanding, the Company may not, without GRR's consent, sell any significant portion of its assets outside the ordinary course of business in a transaction that would render the Company a shell company under the Securities Act.
The Note is included in a private placement exempt from registration under the Securities Act and Rule 506 thereunder. GRR is an accredited investor. Neither the Note nor the shares of common stock to be issued upon conversion of the Note will be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This report does not constitute an offer for the sale of any securities. The descriptions of the Note and the securities purchase agreement pursuant to which the Note was offered are qualified in their entirety by reference to the securities purchase agreement and the Note, copies of which are attached as Exhibits 4.1 and 4.2 hereto and incorporated by reference herein.
Good laugh at that one. How many CRGS employees does it take to......? build a differential, hydraulic pump, watch, could go on and on. shouldn't be funny. maybe just sad. 20+ years of nothing
if what he said on linkedin is true. somebody is getting a deal at $.045
Very interesting post on Donnelly's Linkedin Page today.
Are the watches finished? If yes, do they work? If no, can they sell the parts to get some $ back?
wouldn't it be the opposite? Feel guilty just waiting it out and collecting a paycheck. IMO They are at least fighting some kind of battle. Maybe there is a little light at the very distant end of the tunnel
something must be going on at CRGS. Donnelly posted a job opening on linkedin yesterday for a growth marketing person. Not sure what that is but in my opinion hiring must mean good things
$.051 is the closing stock price Friday. Tough to deliver on promises of users with no product. Guessing if they wrote off $1.7M in watches they never worked. High school science project gone bad and funded to the tune of $50M by DK. One day a business school will write a case study on Torvec
Who in management is responsible for losing the most money? Jim Gleasman, Keith Gleasman, Dick Kaplan, Jim Donnelly? With $100M in losses over 25 years who holds the title for biggest cash suck?
seems to be working now
The mycadian website updated today https://mycadian.com/
I thought the main product for trucking companies was the manager dashboard to monitor the drivers. The app may be the thing they use to transmit the cura score back to the company.
Left on their own or fired? With the write off of the watch in the 10-Q my money is on the later.
I am not an accountant but it looks like for software platforms you can only recognize the revenue as it is delivered. yearly subscriptions would be 1/12 per month. Hopefully that means the $7k or 2334 months recognized in Q3 that there are over 1000 subscribers. And that number keeps growing in q4 and 2019.
Here is the link to the site with the revenue recognition explanation: https://baremetrics.com/academy/need-know-saas-revenue-recognition
With $7k in app sales at $2.99/mo the number of customers has to be higher than 230. The total would be 2,333 months paid for so we could be at 1000 or more customers.
Just an observation. I saw Jim Donnelly today at Wegmans and he was wearing an Apple Watch. Hopefully that means the CURA system is working on Apple and other watches. With Apple selling 20M watches a year and Fitbit adding another 15M a year maybe his testimony is not that outrageous.
Isn't that what Leigh White was brought in to do when CRGS acquired her company?