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I definitely picked up a good chunk today. I can’t imagine the price will stay this cheap for long!
It looks like SAIBRE = NuGene 2. This was a good read. Looking forward to the second part and the updates that will follow
It’s not a POC. NuGene went live at DEC last July. I don’t think we’ve seen the numbers from that contract yet. That’s one of the things I’m waiting to see in the upcoming fins. I’ll take a guess and say DEC isn’t using NuGene for free. The company has been saying since last year that the revenue from AI will rapidly increase in 2021. We should have news soon on the FIS partnership and updates about the launch of the new AI engine, IMO.
I’ll gladly average down
The new chief of AI is Max Lee who developed the AI engine that will be launched in May. There was a PR about it a little while ago so it’s not that surprising that he changed his LinkedIn
NuGene was already good from what we’ve heard so if this new platform is even better then this great news.
Those were my thoughts, too. SSFT had some increased awareness and trading volume all at once with no news. Then when there were no announcements and it didn’t go “to the moon” a day later, the impatient ones jumped ship. Meanwhile I keep grabbing more for the big moves to come
After the success with DEC, it was announced that other companies were interested. SSFT saved them 1.3 million in three months. You think no one else wanted a piece of that? I’m sure they did and we’ll have more news about new contracts soon plus the updates on other big partnerships. Not worried about a price dip
Maybe a green close like yesterday? I grabbed some more today too
Someone mentioned this company on the SSFT board and I liked what I saw so I took a small position. Hoping to add more soon
Hindsight’s 2020 as they say. But in the long run I don’t think we’ll be very concerned about whether we bought in at .26 or .36
Baumert has been part of the team for a while now. I think that news is three days plus one year old. I’m always glad to be reminded of the strong ssft leadership though
Great day AND we’re still waiting on details of FIS and GOOG contracts. And I’d news on more partnerships like the DEC project, especially since ssft is saving them big $$$. I definitely feel good about holding here
A great day for sure but hopefully just a small step on the way to bigger and better things
Love the way this chart looks since the beginning of the year
Nice turnaround EOD. Let’s carry that momentum into tomorrow
I’ll be holding for the real meat and potatoes
A great start to the week and to the year for sure. Does anyone know what ever happened to the contract with Padmini VNA applying NuGene to solar panel cleaning robots? I was pretty excited by that application but never heard anything else about it and couldn’t find a thing in any reports since then.
https://www.globenewswire.com/news-release/2019/10/30/1938144/0/en/UPDATE-Sonasoft-s-SSFT-Artificial-Intelligence-AI-Solution-Wins-Contract-with-Padmini-VNA.html
I’m kicking myself just for not buying MORE than I did at those lows. I’m sure they are
And this is all going according to their plan. I wasn’t expecting any major revelations in this report but it’s nice to see they are staying the course. It’s more of the same of what was in the Q2 filing. Next year will tell the story. This is from Q2:
“Looking ahead, Sonasoft continues to sharpen its focus on the AI opportunity. As previously indicated, OEM partnerships are expected to yield a rapid increase in AI revenues in the near to mid-term, with the net profitability benefits of these opportunities materializing in 2021.”
“It is anticipated that the company will raise additional capital before the end of 2020”
Anyone who’s been following this stock since before today at 7:40pm will know that the current sp doesn’t tell the whole story. Some will argue that it does but we’ll surely see come this time next year.
Their POCs have been successful and DEC has already saved millions. We’re waiting on details with FIS. I expect more OEM partnerships to be announced next year. This is all following the timeline the company has laid out. Nothing that has happened has been a surprise, including the increase in outstanding shares. I base my investments on proven potential, not the racial makeup of the executive board.
Oops old news, my fault, anyone watch that discussion? Notice who was there along with SSFT: Accenture, MasterCard
Sorry if this has already been shared.
https://www.prweb.com/releases/greenberg_traurigs_jonathan_beckham_to_lead_artificial_intelligence_discussion_at_braveit_2020/prweb17396991.htm
SSFT AI had better better metrics than other industry leaders in their POC with Delaware electric co-op. They filed 8ks with FIS and Google. They have OEM partnerships and likely more on the way. Revenues are in the millions and expected to grow significantly in the coming year. This is not some scam shell company claiming to work in a trendy field. There’s always a risk when investing, but I personally feel good about this one regardless of the current share price.
It looks like they’re pruning a little bit so they can focus on AI which has already proven successful. And there were those google and FIS deals hiding at the very end of the report.
From their recent PR on work with Delaware Electric Co-op:
“The technology has been so successful that several of DECs strategic partners have shown an interest and some of them are evaluating deals of their own with Sonasoft.”
This is not sub penny garbage
The next Q will tell us more about numbers. I don’t have a problem with more shares as long as they keep getting the results they’re getting. I think it was SakartveloChan who said we’d have to wait until the spring to really start seeing the $$ coming in which is what the company has said also. I don’t agree with the idea that common in preferred is “sneaky” or “naughty.” They have to incentivize that share roll up somehow. It’s not an uncommon practice ???????
I’m glad this company isn’t putting out pumpy PRs every week. They should be focusing on the work with DEC, FIS, and google and not worrying so much about appeasing their 200 investors. That’s what I’d expect. We’re here for long term results, not to flip a penny.
An application of AI I hadn’t thought about. Is there a limit to the possibilities? Maybe Garmin will come calling
I’m glad to read that about the OEM partners. I was wondering whatever happened with Padmini VNA and the autonomous solar panel cleaning POC. It sounds like it was a success
There is an announcement about the shareholder meeting on the front page of the Sonasoft website, though. I’m not sure why they would do that if it didn’t actually happen.
It was on the main ssft page too
Even better ??
Happy Friday everyone! Google... Holy Moly
And the very successful POC with Delaware electric co-op
Depository Trust Company
My understanding is that the DTC is where free-trading shares are held and where settlement services happen. What I’m not sure about is why this number is different than the number of unrestricted shares. SSFT has over 102mil unrestricted shares and 80mil held at DTC. I’m just not entirely sure how shares held at DTC and public float relate. Anyway, those shares are included in the number of outstanding shares. They are part of the unrestricted shares and when us retail folks buy and sell the DTC is where that settlement happens.
You could tell by the moves this company made in the last year that they’re confident in their product. These last couple of PRs back it up. There should be more coming in the next few weeks
Anyone know if SSFT was up or down today?