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I thought the share price would drop to 4 or 5 cents on the disappointing pump news/8-k. Still time to fall.
Dino
Current Report Filing (8-k)
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.”
Concerning the "200k user statement" discussed/spammed ad nauseum:
Of course "we" all know this. statement was made with the vision of a fully functioning app.
Upon his appointment, Mr. Donnelly stated “CurAegis is working on exciting new technologies that we expect to bring to market soon. I look forward to guiding us to the next level. Product development updates will be available at both www.curaegis.com and www.mycadian.com.”
CEO REPORT MARCH 6, 2020
Dear Shareholders, I am happy to report that our MyCadian app is working and is now available for download in the Apple App Store. We are now in a soft launch stage.
Our basic product offering which includes a CURA (Circadian User Risk Assessment) score, our Predictive Fatigue and Alertness analysis, Z-Coach, Notifications, and some other standard health and fitness metrics is now available. Some of our premium offerings, such as the myCadian data explorer will be available very soon. We should have more premium offerings in the product mix in the coming months.
We are now able to start our marketing and sales initiatives in earnest. Our initial push will be into the B2B verticals such as Trucking and Busing, Medical, Aviation, Municipal, and Corporate Wellness programs. We will also start to target large affiliate organizations whose members will be able to get substantial discounts on our wellness and safety technologies. Also, because we are now in the Apple App Store, we hope to eventually start entry into the general Consumer market. As with most startups, because we do not know the acceptance or the sales cycle for our technology, we cannot predict revenues at this time.
As you know this is a major (and illusive) milestone for CurAegis. Much of the credit goes to our new Vice President of Product, Brandon Hudson. Brandon is a software engineer with many and varied skills and talents. We hope to build our future technical team around him.
We continue to work on a sale, or other corporate relationship, to commercialize our Aegis Pump and Motor technologies. As we have stated previously, we are working with the investment banking advisory firm of Paramax Corporation. We are presently in communication with a number of companies to this end. We will report any results from these talks at the appropriate times.
We are currently raising operational funds on a month to month basis and hope to have sales revenue in the coming periods.
In order to realign our board to better reflect our concentration on our Fatigue Management and Software as a Service Technology, we are announcing the retirement of two of our Board members from active Board members to an honorary emeritus status. They are: John Heinricy Thomas Labus We are very grateful for their valuable service and look forward to their continued advice and counsel.
We are also announcing the addition of two new Board members and a new Special Advisor to the Board who will bring new talents, skills and experience to our more concentrated business plans, technologies and marketing. They are:
Aaron Newman Board Member: Aaron Newman is an entrepreneur having founded five successful startups: BlocWatch, CloudCheckr, Techrigy, DbSecure, and Application Security, Inc. Mr. Newman is currently a director of CloudCheckr. Mr. Newman authored the books Enterprise 2.0, published by McGraw-Hill, and the Oracle Security Handbook, published by Oracle Press. He is an acclaimed international speaker on technology topics and has been awarded multiple patents in database security and social media.
Prior to founding DbSecure, Mr. Newman held technology positions at Price Waterhouse, Bankers Trust, and as an independent IT consultant. Mr. Newman proudly served in the U.S. Army during the First Gulf War. Aaron currently serves as a Trustee of the Strong National Museum of Play, Nazareth College, MCC Foundation, Greater Rochester Chamber of Commerce, and the Rochester Police Foundation.
Dr. Walter Johnson Board Member: Walter A. L. Johnson is the Executive Director of the Rochester Data Science Consortium and the New York State Center of Excellence for Data Science. Dr. Johnson was Vice President of the Palo Alto Research Center (Xerox PARC), managing their Intelligent Systems Laboratory in Palo Alto until 2014 at which time he moved to Rochester to integrate Xerox’s Webster Research Center into PARC. Previously, Dr. Johnson served as Senior Vice President of Operations at SkyGrid, Inc., a real-time financial news analytics startup, as well as the Vice President of Strategy and Business Development at Uppercase, Inc., a tablet PC startup acquired by Microsoft in a $45M transaction. He is a former scientist in PARC’s groundbreaking Human-Computer Interaction group, where he specialized in intelligent interfaces for mobile and ubiquitous computing applications.
Dr. Johnson’s work on an embedded document application environment for multi-function devices led to the creation of a special enterprise-level division of Xerox, for which he received the Xerox President’s Award and the PARC Excellence in Science and Technology award. He also served as the Vice President of Strategic Operations at 12 Entrepreneuring, a business incubator in San Francisco. He holds 15 United States patents. Dr. Johnson obtained his Ph.D. in Cognitive Psychology from the University of Pittsburgh, and B.A. and M.A. in Cognitive Psychology at the University of Arizona.
Max Borges Special Advisor to the Board: Max Borges is CEO of the Max Borges Agency. They are a communications, creative services and digital strategies firm that services the Consumer and Corporate technology industry.
Their expertise is in:
Content Creation
Consumer Products
Corporate Image
Digital Communications
Event Marketing
Media Training
New Product Introductions
Social Marketing
Social Media
Sports Marketing
Consumer Technology
Brand Strategy & Brand Building
Strategic Advice & Counsel
Thought Leadership
We are very excited to have these professionals with our Company and look forward to their leadership for our future.
As always, thank you for your patience and confidence,
Richard A. Kaplan CEO CurAegis Technologies Inc.
I am very surprised Form 8-K has not been discussed here yet. 8-K came out yesterday.
Per Form 8-K
B. Thomas Golisano purchased $125,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock on February 28,2020.
Per Form 8-K
B. Thomas Golisano purchased $125,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock on February 28,2020.
Dino
P.S. There is a difference between the words failing and failed.
Paramax failing (Paramax has not FAILED yet) to sell the pump tech and Cura app futility will solve the flower dilemma/concern.
Definition of failing: if something (already specified) does not happen or succeed.
The flower dilemma/concern should be the least of shareholder worries. Paramax failing to sell the pump tech and continued Cura app futility will resolve your flower dilemma/concerns.
Dino
That should be the least of shareholder worries. Paramax failing to sell the pump tech and Cura app futility will solve the flower dilemma/concern.
Dino
Walter A. L. Johnson is the Executive Director of the Rochester Data Science Consortium and the New York State Center of Excellence for Data Science. Dr. Johnson was Vice President of the Palo Alto Research Center (Xerox PARC), managing their Intelligent Systems Laboratory in Palo Alto until 2014 at which time he moved to Rochester to integrate Xerox’s Webster Research Center into PARC. Previously, Dr. Johnson served as Senior Vice President of Operations at SkyGrid, Inc., a real-time financial news analytics startup, as well as the Vice President of Strategy and Business Development at Uppercase, Inc., a tablet PC startup acquired by Microsoft in a $45M transaction. He is a former scientist in PARC’s groundbreaking Human-Computer Interaction group, where he specialized in intelligent interfaces for mobile and ubiquitous computing applications.
Dr. Johnson’s work on an embedded document application environment for multifunction devices led to the creation of a special enterprise-level division of Xerox, for which he received the Xerox President’s Award and the PARC Excellence in Science and Technology award. He also served as the Vice President of Strategic Operations at 12 Entrepreneuring, a business incubator in San Francisco. He holds 15 United States patents. Dr. Johnson obtained his Ph.D. in Cognitive Psychology from the University of Pittsburgh, and B.A. and M.A. in Cognitive Psychology at the University of Arizona.
Aaron Newman is an entrepreneur having founded five successful startups: BlocWatch, CloudCheckr, Techrigy, DbSecure, and Application Security, Inc. Mr. Newman is currently a director of CloudCheckr. Mr. Newman authored the books Enterprise 2.0, published by McGraw-Hill, and the Oracle Security Handbook, published by Oracle Press. He is an acclaimed international speaker on technology topics and has been awarded multiple patents in database security and social media.
Prior to founding DbSecure, Mr. Newman held technology positions at Price Waterhouse, Bankers Trust, and as an independent IT consultant. Mr. Newman proudly served in the U.S. Army during the First Gulf War. Aaron currently serves as a Trustee of the Strong National Museum of Play, Nazareth College, MCC Foundation, Greater Rochester Chamber of Commerce, and the Rochester Police Foundation.
Hello Mayday. I have always had respect for your posts.
This post is damning to CRGS and alarming to me as a CRGS shareholder.
It is my belief that you are wrong and have a misunderstanding concerning the app. I implore you to call the CRGS CEO for a full explanation of how the app operates and its intended use.
DK has said many times he welcomes phone calls from shareholders. Please call him, and then if you would post back to me with your findings.
Your friend,
Dino
It is code for 3 things:
1.) The next Crgs CEO update will announce Crgs is bankrupt.
2.) Common shareholders shares are "worthless." (Current Bid.11 Ask .14)
3.) "It is over".
"We all know" this.
I separate myself from we all know and wait to see how things go with Paramax and Cura.
Dino
CurA Aegis
I stand by my post as "a statement of fact" I bought CRGS as a penny stock (I sold TOVC) and CRGS is currently a penny stock. I do not know why I receive a reply to almost every single post.
Dino1717
Friday, 01/31/20 10:20:46 AM
Re: None
Post # of 34128
1."Next CEO Update will be bankruptcy announcement"
2."Common shares are worthless"
3.Golisano Form 4 is "meaningless". The 24/7 predicted demise of CRGS continues.
4.etc. etc. etc.
No one knows for sure how this plays out with Cura and the Paramax/ pump sale. This is a penny stock for crying out loud. Three choices posters. BUY SELL OR HOLD.
Dino
1."Next CEO Update will be bankruptcy announcement"
2."Common shares are worthless"
3.Golisano Form 4 is "meaningless". The 24/7 predicted demise of CRGS continues.
4.etc. etc. etc.
No one knows for sure how this plays out with Cura and the Paramax/ pump sale. This is a penny stock for crying out loud. Three choices posters. BUY SELL OR HOLD.
Dino
LLA1 thanks for posting that information about the CRGS app.
Dino
The CRGS app is technology that will tell you your fatigue level in real time. Mayday thank you for the sincere reply to my 9 to 5 question.
Dino
“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”
Mayday: How does a 9 AM to 5 PM daily factory employee working on or with potentially dangerous machinery or (similar jobs which require the employee to be alert/not intoxicated) as to not endanger himself or others "easily manipulate' the app, to cover liability during the 9AM to 5pm time frame throwing off employer/insurance company negligent claims.
How can he "trick it"????? I am curious to know your answer pertaining to this 1 particular question only of how this can be done.
Continuing to be your friend always.
Dino
Thank you for your thoughts Mayday.
I have no complaints.
Dino
Is your score updating?
You made the claim "My score isn’t even updating today."
Mine updates fine.
I respect your feeling, it isn’t something you would pay to use.
Corporate is what CRGS is after more so than retail IMO.
Dino
The present company CRGS and the representatives are just fine to me.
Dino
Mayday I see value in the app.
We can agree to disagree with your assessment of the app.
My score updates. I am using Apple.
Dino
Two doubters of the 24/7/365 propaganda machine/agenda, common shares are worthless.
On January 7, 2020, E. Philip Saunders purchased $100,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock. Also, on January 7, 2020,
B. Thomas Golisano purchased $125,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock.
I wait to see what unfolds with Cura and Aegis.
Dino
Item 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 the January 7, 2020 investment made by E. Philip Saunders, a director of the Company, and B. Thomas Golisano, a current shareholder of the Company.
On January 7, 2020, E. Philip Saunders purchased $100,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock. Also, on January 7, 2020, B. Thomas Golisano purchased $125,000 principal amount of the Company’s 6% 2019 Senior Convertible Promissory Notes and the corresponding shares of common stock.
The Company is currently offering up to $2.5 million aggregate principal amount of 6% 2019 Senior Convertible Promissory Notes and 750,000 shares of common stock (the “2019 Convertible Notes and Shares”) in a private placement. During the period from May 28, 2019 to January 7, 2020, the Company issued $875,000 aggregate principal amount of 6% 2019 Senior Convertible Promissory Notes and 262,500 shares of common stock in connection with the 2019 Convertible Notes and Shares.
The 2019 Convertible Notes and Shares are included in a private placement exempt from registration under the Securities Act and Rule 506 thereunder. Each purchaser is an accredited investor. Such securities will not 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 2019 Convertible Notes and Shares, and the securities purchase agreement pursuant to which the 2019 Convertible Notes and Shares are offered, are qualified in their entirety by reference to the securities purchase agreement and the 6% Senior Convertible Promissory Notes, copies of which are attached as Exhibits 4.1 and 4.2 hereto and incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits
4.1
Form of Securities Purchase Agreement (incorporated by reference to Exhibit 4.1 to CurAegis Technologies, Inc. Current Report on Form 8-K filed with the SEC on June 3, 2019).
4.2
Form of 6% 2019 Senior Convertible Promissory Note (incorporated by reference to Exhibit 4.2 to CurAegis Technologies, Inc. Current Report on Form 8-K filed with the SEC on June 3, 2019).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CurAegis Technologies, Inc.
January 13, 2020
By:
/s/ Kathleen A. Browne
Kathleen A. Browne
Chief Financial Officer
Hello Thebigstick. I nave never seen you post here before. Must be one of my 8 listed I-hub followers.
No I nave not spoken to Dr. William Destler yet. I do intend to.
Dino1717
Wednesday, 01/08/20 07:06:21 PM
Re: Zendo 2 post# 33934
Post # of 33977
CRGS Board of Director Dr. William Destler is the person I would be most interested to talk to about the latest development and the future potential of CURA. Look up the 8 K's concerning the monetary loans to CRGS.
"Every man has a right to his own opinion, but no man has a right to be wrong in his facts”. Bernard M. Baruch (1870-1965)
Dino
The Form 4's today state that TG and Saunders bought stock.
I am amazed that anyone would post here otherwise. When hoping 24/7/365 for the demise of CRGS, this news must have made for uncomfortable feelings.
NO LOANS period. End of story.
Discuss today's supposed LOANS??? amongst yourselves.
BUH BUH BYE for awhile,
Dino
CRGS Board of Director Dr. William Destler is the person I would be most interested to talk to about the latest development and the future potential of CURA. Look up the 8 K's concerning the monetary loans to CRGS.
"Every man has a right to his own opinion, but no man has a right to be wrong in his facts”. Bernard M. Baruch (1870-1965)
Dino
Zendo, I do not believe there is a way for you or I to track the apple store app sales on a daily basis. You and I must wait for Company guidance concerning apple app sales.
As I stated I have much more interest in the Cura corporate response/sales.
Thanks for your reply to my post.
Dino
The apple store Cura app launch today/retail based. Waiting to see the corporate/insurance/ect. based response.
Your friend forever,
Dino
The CEO of CRGS can be seen discussing CURA on local news station 10 this evening.
Your friend always,
Dino
Buh-bye.. Buh-bye (for now)
While CRGS awaits CURA and the conclusion of the Paramax process,
way too much negative narrative is promoted here for my blood.
Moving forward, my best wishes to team Paramax/CRGS/Cura.
I remain your friend always,
Dino
Concerning the form 4: Capital gains issue question mark.
I will check for a form 4 in 30 days. Discuss amongst yourselves until then.
Non issue to me. I bought 100,000 shares at .095 today.
Your friend always,
Dino
#1 It is not my order. Ten4 has placed the order transparent or not, welcome to the pink sheets.
Dino
Ugh, a $25 trade(4500x.0056) attributed to tax selling. Your point was clearly missed Ten4. I believe seeing that .0056 print made at least two people here super ecstatic.
Ten4
Tuesday, 11/05/19 10:58:04 AM
Re: Mayday post# 33717
0
Post # of 33720
How did it get that low? I have a buy order in that’s just below the current bid. Mine didn’t get filled, been entered for a few weeks
WCG reported solid earnings 10-30-19. Nice move to the upside for CNC.
Sammy B as a Board Moderator tell me this post is some sort of a gag post or a joke post or the proverbial question mark was left off the end of the statement post. If CRGS sells the pump tech, it is a benefit for common and preferred shareholders alike.
The proceeds for the sale of the pump per DK are going to pay off existing debt and the rest will be used to fund the Cura. Common shareholders are getting nothing for the pump. Nothing, nada.
SULAX
Thursday, 10/17/19 09:53:01 PM
Re: fadeaway post# 33672
0
Post # of 33673
I would interpret it as desperation. The proceeds for the sale of the pump per DK are going to pay off existing debt and the rest will be used to fund the Cura. Common shareholders are getting nothing for the pump. Nothing, nada. Even TG won’t put more money in.
Current bid 120,000 shares at .091
That is $10,920 dollars of liquidity.
I agree sweep5 "someone" was a bit overzealous in trading CRGS this morning. At this time it seems it could be bought lower than .14 in my opinion.
Glad to talk with my friends at the meeting,
Dino
88 followers on this CRGS message board mostly dominated by 1 poster.
What in H is this "we" stuff???
I have always been glad to read when the CEO of CRGS puts his money directly into CRGS. No one knowns for sure what the financial outcome of Paramax selling the pump technology will be for common or preferred shareholders.
Until the outcome of the Paramax pump sale is released, the dominated opinion posted is just opinion.
Dino
A fellow shareholder e-mailed me today asking for my opinion on common shares: "Any truth to the just giving DK his loan money back and regular shareholders get zip?" they asked.
My reply was it is only an opinion.
For starters anyone who states boldly/publicly on a CRGS message board their opinion is: if Paramax sells the pump tech, common shareholders will get nothing, is knowingly or unknowingly (I could care less) promoting the short side of the CRGS trade.
Maybe only a psychiatrist could answer why one who boldly believes common shares will be worthless, would continue to hold them.
Breathe in Breathe out,
Your friend always,
Dino