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Did you think, perhaps the company realized it was a bad deal for them to give away 51% of their business(as you mentioned previously)?
Is it a possibility?
This message proves you are flipper. If you’re not a flipper why didn’t you post original CEO message? Which will allow people make up their mind rather than reading your comments and personal opinion.
Entitled to your opinion.
However, don’t change sides too often.
I guess you want to buy cheaper now?, lol
Thanks PB for the message & happy to hear from you.
I know you do great DD’s. Keep digging infos about this company. Looking forward to your DDs.
———
However, I just looked into it. I will be digging more. Here some infos.
———-
Authorized Shares are 7.5 billion, high.
Management owns no shares.
——-
Insider Buying:
Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 month
Dilution of Shares:
Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.7%.
I have never seen a 57 years old CEO has been involved in so many companies.
What is his specialty?
——-
Board Members
Marvin Segel
Director & CMO
Robert McCoy
Director
US$1.00k
Kevin Harrington
Director
US$9.00k
David Jones
Director
US$1.00k
Michael Maguire
Chairman
US$1.00k
Charlie McMenamin
Director
———-
CEO
James Zimbler (57 yo)
1.9yrs
Tenure
Mr. James W. Zimbler serves as Chief Executive Officer of Emergent Health Corp since February, 2022. He is the Founder of Alpha Corporate Advisors, LLC and has been its Principal/Managing Director since May 2002. Mr. Zimbler serves as Vice President of Operations & Compliance of Cannagistics, Inc since November 09, 2021 and serves as Interim President, Interim Chief Executive Officer and Director from August 15, 2022.
Mr. Zimbler served as Vice President of Corporate Finance and Director of Cannagistics, Inc until November 09, 2021 and was Director since November 2017 until November 2021. From November 17, 2017 until July 1, 2020, he served as President of Cannagistics in which role he was responsible for strategic decision making, capital expenditure planning and staffing matters, Incorporated. From March 2017 until June 2019, Mr. Zimbler served as a Vice-President, President and Director of Enzolytics, Inc. ("ENZC"), a drug development company committed to the commercialization of its proprietary proteins for the treatment of debilitating infectious diseases. He is also a founder and developer of Availa Bio, Inc. Starting in December 2016, he founded and was President of Emerging Growth Advisors, Inc., engaged in consulting and other activities related to mergers and acquisitions for corporations Emerging Capital Strategies Ltd., where he has served as President since formation.
Prior to founding Emerging Growth Advisors, Inc., Mr. Zimbler served in a managerial role at other consulting firms, each specializing in mergers and acquisitions, roll ups and turn-around work. He serves as President of Global3pl, the subsidiary operation. He served as Chief Executive Officer and Chief Financial Officer of Cannagistics, Inc and served as its Executive Vice President and Chief Operating Officer. Mr. Zimbler is the Founder of Extreme Mobile Coatings Worldwide Corp. and serves as its Treasurer, Secretary and Executive Vice President.
He serves as Chairman, Chief Executive Officer, President and Treasurer of Humana Trans Services Group Ltd. He serves as the President of eClubsworldwide and Web2 Corp. He served as Secretary of Environmental Infrastructure Holdings Corp. until June 2010. He founded Keystone Capital Resources, LLC. in 2004 and serves as its President.
He served as Executive Vice President, Secretary and Treasurer of Eco-Petroleum Solutions, Inc. until November 10, 2010. Mr. Zimbler served as a Senior Consultant to Board of Directors at Reflectkote Inc. (formerly, American Petroleum Group Inc.) since August 10, 2005. He served as the President of Full Motion Beverage, Inc., BlastGard International Inc. and NuState Energy Holdings, Inc. Mr. Zimbler, is a founder of Eco Petroleum Solutions, Inc. Mr. Zimbler served as President of Steam Cleaning USA Inc., (now Humana Trans Services Holding Corp.) since November 1, 2001 until December 1, 2003 and Chief Executive Officer and Chief Financial Officer until December 1, 2003. Mr. Zimbler has experience in the trucking and logistics filed, with numerous companies.
He served as Chief Executive Officer and President of Reflectkote, Inc. until August 10, 2005, Vice President of Business Development from August 10, 2005 to September 2007 and also served as its Interim President from March 2, 2007 to September 2007. Mr. Zimbler served as Chairman of the Board and Chief Executive Officer of Dominix, Inc. and 110 Media Group Inc. until April 8, 2003. He served as Chief Executive Officer and Chief Financial Officer of AccountAbilities, Inc. (now Corporate Resource Services, Inc.) until December 1, 2003, President from November 1, 2001 to December 1, 2003 and Vice President and Treasurer from 2005 to May 2008. He was engaged in consulting for various companies.
He served as a Principal Member of Crossover Advisors, LLC from February 2001 to October 15, 2001. He served as President of Cyberedge Enterprises, Inc. (formerly, IntermediaNet, Inc.) from January 1999 to November 1999. He served as Executive Vice President, Secretary and Treasurer of Falcon Media Services, Ltd. He also served as Chairman of the Board and Chief Executive Officer of Universal Media Holdings, Inc., until February 2001.
He served as President, Chief Operating Officer and Chief Executive officer of Total Freight Solutions America, Inc. from December 1996 to November 1998. He also served at Packaging Plus Services, Inc. from August 1994 to December 1996. From 2002 to 2004, he served as Managing Director of Diversified Capital, LLC. He was the Owner of a messenger delivery service from March 1987 to September 1983.
He formed Rapid Delivery Service. He served as Chairman of the Board for Cyberedge Enterprises, Inc. until February 2001. He served as Chairman of Web2 Corp. and Total Freight Solutions America, Inc. He has been a Director of Reflectkote, Inc. since March 2, 2007. He served as a Director of Environmental Infrastructure Holdings Corp. until June 2010.
He serves as a Director of Extreme Mobile Coatings Corp. Ltd. He served as a Director at Eco-Petroleum Solutions, Inc. until November 10, 2010. He has been a Director of CloudTech Sensors Inc., of Advanced Products Group Inc., since May 2007. He served as a Director of Aimsi Technologies Inc., from May 5, 2006 to May 19, 2006.
He served as a Director of Corporate Resource Services, Inc. from November 1, 2001 to December 1, 2003, 110 Media Group Inc. until April 8, 2002, Humana Trans Services Holding Corp. since November 1, 2001 until December 1, 2003, Genio Group Inc. (formerly, National Management Consultants Inc.) from November 1, 2001 to March 31, 2003 and Reflectkote, Inc. until August 10, 2005. He was worked with many public and private companies and has involved in consulting for capital raising, recapitalization and mergers and acquisitions for various clients since 2000. He has served on the Board of Directors and/or as officer of several companies since 2000, including Accountabilities, Inc., Triton Petroleum Group, Inc., Universal Media, Inc., and Genio Holdings, Inc. He served as a Director of Web2 Corp., Total Freight Solutions America, Inc., Falcon Media Services Ltd., and Cyberedge Enterprises, Inc. Mr. Zimbler attended Suffolk Community College from 1983 to 1985, where he majored in Business Administration.
——
Note: Above infos are not 100% reliable
You indicated your dissatisfaction of the sale on 12/25/23.
———-
“That was a big ouch, selling half our equity in the 3D model business for relative peanuts. The good thing is that hopefully the business grows by more than double what would otherwise would have happened. I think (hope) VCI will crack the whip and implement some form of an organized sales and marketing program. The revenue growth should be multiples of what it has been thus far.”
————
Now, you are saying VCI backed out?
Really?
You must have got following email from company as well yesterday.
Why not post accurate infos in stead of saying VCI backed out.
We are suppose to inform each other with right infos unless you are short seller or flipper.
Here is a copy of the email, please read it again.
————
NEXTECH3D.AI ANNOUNCES TERMINATION OF THE SALE OF ITS 3D MODELING BUSINESS
Toronto, ON – January 26, 2024 – Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) announces today that Nextech3D.ai has made the decision to terminate its previously announced letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI was granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modeling and associated assets (the "Transaction"). The Company determined to terminate the Agreement as VCI has been unable to satisfy its conditions precedent to the completion of the Agreement in accordance with the mutually agreed timelines. The Company presently has no plans to sell its 3D modeling business; instead, it will persist in building its AI technology stack for scaling 3D modeling as well as owning, operating, and developing this business. The Company perceives substantial growth potential through Amazon and other large enterprise clients which the Company believes represent substantial growth opportunities.
LATEST NEXTECH3D.AI NEWS
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Nextech3D.ai’s Breakthrough AI Powered Search Engine Reports an 80% Increase In 3D Modeling Productivity
Nextech3D.AI Announces Six New 2024 3D Modeling Contracts & Renewals
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models
Nextech3D.ai Holds Investor Livestream Today Providing 2023 Year in Review and 2024 Outlook
Arway.ai is in the news
—————————
TORONTO, ON / ACCESSWIRE / January 25, 2024 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce its participation in the upcoming RainFocus INSIGHT 2024, a premier event for leaders in events, marketing, and technology. This esteemed conference will take place January 30 to February 1, 2024 at the Hyatt Regency in Salt Lake City, Utah. On Wednesday, January 30, CEO Evan Gappelberg will take the mainstage during the "Pitch Tank" segment, offering insights into ARway.ai's cutting-edge spatial computing solutions and their impact on the industry.
ARway.ai is set to showcase its innovative spatial computing platform alongside other large enterprise tech companies such as CES, SAP, IBM, Oracle, Salesforce, Adobe, Dassault, Autodesk, and more. This gathering represents a unique opportunity for ARway.ai to demonstrate its groundbreaking technology to a diverse and influential audience.
Watch a video demo of ARway's spatial computing technology - click here
For more information about the RainFocus INSIGHT 2024 conference, please visit RainFocus INSIGHT .
Apple Vision Pro
In addition to its presentation at RainFocus INSIGHT, ARway.ai reiterates its recent exciting news regarding the Apple Vision Pro. This development underscores ARway.ai's commitment to leveraging the latest technologies in enhancing its spatial computing capabilities.
In September 2023, ARway announced the Company was selected to participate at Apple's Vision Pro Developer Labs in Cupertino, California. As a result, ARway completed a first build of the ARway Platform on Apple Vision's Pro hardware and realityOS operating system. ARway currently delivers optimal performance on iOS devices and will seamlessly integrate into Apple's ecosystem.
Recently, Apple announced Apple Vision Pro will be available beginning Friday, February 2nd, at all U.S. Apple Store locations and the U.S. Apple Store online. Ahead of the Apple Vision Pro Launch, ARway has experienced an increase in global interest and deals, as the Vision Pro has stoked demand for ARway's spatial computing and augmented reality navigation platform. ARway's use cases in indoor navigation and recent efforts have focused precisely on AR glasses integration, aligning the Company's vision and execution with the industry shift to 3D/AR.
CEO Evan Gappelberg recently released a new episode of the Public Company CEO Experience podcast, highlighting ARway.ai and Apple Vision Pro.
Click here to listen to the podcast
In this episode, Mr. Gappelberg provides a progress report on ARway.ai, as well as what the imminent launch of Apple Vision Pro will mean for the Company going forward. As the Apple Vision Pro launch is near, Evan also provides additional detail around the ARway.ai patented augmented reality spatial computing platform, increased adoption rates across a growing customer portfolio, and how the Company is well poised to be the leader in indoor wayfinding.
Subscribe to the Podcast
https://www.nextechar.com/the-ceo-experience/subscribe
The podcast is available on the following major podcast platforms:
Spotify - listen here
Amazon Music - listen here
Podcast Index - listen here
Podcast Addict - listen here
Podchaser - listen here
Pocket Casts - listen here
Deezer - listen here
Listen Notes - listen here
Player FM - listen here
Youtube - listen here
Sign up for Investor News - HERE
To learn more about ARway, please follow on Social Media: Twitter , YouTube , Instagram , LinkedIn , and Facebook , and visit our website: www.arway.ai
About ARway.ai
ARway.ai (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification. ARway works seamlessly as a cross platform solution on iOS/ Android. ARway's technology is optimized for both mobile devices and AR glasses: Apple's Vision Pro, Magic Leap and Microsoft's HoloLens. ARway has unlimited use cases for augmenting physical spaces, making it a valuable tool for creators, brands and companies in various industries. The complete ARway platform includes: the Web Creator Studio, the ARwayKit Software Development Kit (SDK) and a mobile app for iOs and Android.
Nextech 3D.ai
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 50% stake. Nextech3D.ai is a Generative AI powered 3D modeling Company and leading provider of augmented reality ("AR") experience technologies and 3D model services. Nextech's AI-powered 3D modeling platform, "ARitize3D" has contracts with; AMZN, KSS, CB2, Genuine Parts & many others. To learn more about Nextech3D.ai, visit www.nextechar.com
For further information, please contact:
Investor Relations Contact
Julia Viola
investor.relations@arway.ai
ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. ARway.ai will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: ARway Corporation
Interesting.
Agree.
One purchase of 42,500 sh went through(.45) at 2:03 pm today.
Float approx less than 30 mil
Top shareholders own 58 %.
Evan explain details in podcast.
Back to normal now
.53 to .64
Anyone one has Canadian L2?
I don’t have it.
Bid: .53
Asked : .94
Quotes are delayed 15 20 min.
It has been like this since 10 min +
I am sure it is a mistake .
One must listen Monday’s podcast.
———
NEW EPISODE OF THE PUBLIC COMPANY CEO EXPERIENCE PODCAST: ARWAY.AI UPDATE ON APPLE VISION PRO LAUNCH
In this episode, Evan provides a progress report on ARway.ai, as well as what the imminent launch of Apple Vision Pro will mean for the company going forward. As the Apple launch is only weeks away from the recording of this episode, Evan also provides additional detail around the ARway.ai patented augmented reality spatial computing platform, increased adoption rates across a growing customer portfolio, and how the company is well poised to be the leader in indoor wayfinding.
LISTEN NOW
Listen to Previous Episodes:
https://publiccompanyceoexperience.buzzsprout.com
Nextech3D.ai invites professionals, investors, and technology enthusiasts to tune in to "The Public Company CEO Experience Podcast" for an immersive journey into the world of public company leadership. With each episode, listeners will gain invaluable perspectives and knowledge, empowering them to make informed decisions and stay ahead of the curve.
About the Public Company CEO Experience Podcast
Get a behind the scenes understanding of a Public Company from the ultimate insider: a 3X CEO, Evan Gappelberg.
?To learn more please visit https://www.nextechar.com/investors/the-ceo-experience
Subscribe to the Podcast https://www.nextechar.com/the-ceo-experience/subscribe
MM’s & Shorter’s don’t like positive news here. Bids & asks are manipulated for this stock on both exchanges.
I have been watching L2 & I know what they are doing.
This is my opinion for this stock for the present time.
Arway is in the news
————-
Saudi Arabia to Boost Tourism Sector with AR Navigation Technology
ARway partners with AI Safer to provide AR wayfinding technology to support engaging tourism attractions
3
Saudi Arabia to Boost Tourism Sector with AR Navigation Technology
AUGMENTED REALITY
LATEST NEWS
Published: January 23, 2024
Rgreenerheadshot
Rory Greener
Today, ARway.ai announced a partnership with AI Safer to enhance customer experiences for visitors to Saudi Arabian museums and tourist attractions. The region is undergoing Saudi Arabia’s “Vision 2030“, an initiative to boost its cultural and tourism sector. ARWay’s solution will help the region’s leaders achieve this goal by presenting an engaging and innovative approach to tourism and on-site customer experiences.
The innovative service from ARway.ai allows clients to create bespoke immersive wayfinding visuals that help visitors navigate spaces using phone cameras. Moreover, ARway’s solutions display information visuals that align to a location.
The Agency of Record for The Royal Institute of Traditional Arts in Saudi Arabia owns AI Safer and is set to start leveraging the technology for visitors by March 2024.
The “state of the art” navigation solution allows customers like AI Safer to create wayfinding visuals with a no-code platform easily.
The CEO of ARway Evan Gappelberg added:
ARway is excited to partner with AI Safer and The Royal Institute of Traditional Arts to bring our advanced AR navigation to the rich cultural landscape of Saudi Arabia. Our technology will enable visitors to explore museums and attractions in an entirely new way, making each visit more informative, interactive, and enjoyable.
Moreover, the CEO explained how the deal with AI Safer “showcases the global scale of our technology and the continued increase in demand we’ve been seeing throughout the world for various use cases and industries.”
ARway Collaborates with Apple
ARway is currently working with various XR device leaders to leverage its unique immersive wayfinding platform for a broad range of use cases.
Last year, Apple personally selected ARway to participate in its Vision Pro Developer Labs in Cupertino, California, to build a version of its application on the upcoming device, which is due next week. Notably, the firm states that its product’s top-tier performance on iOS smartphones significantly contributed to the seamless development cycle for the upcoming MR device.
ARway is debuting its spatial application on the realityOS ecosystem to mark Apple’s debut on the market next week, ready for Vision Pro’s Feb 2nd US launch.
Speaking on its work with Apple, CEO Gappelberg also added:
The long awaited Apple AR glasses are here! We have been waiting for this moment since 2019 and I’m extremely excited to announce that it has finally arrived. I see this as an enormous opportunity for early investors to participate in the next big thing… augmented reality and spatial computing technology. ARway is purpose built for the Vision Pro Launch.
ARway: 2023 in Review
On the other hand, ARway also works with Magic Leap to create purpose-built navigation solutions for the firm’s XR device product portfolio. In May last year, ARway’s solution appeared on Magic Leap 2 devices – leveraging the headset’s eye tracking, spatial audio, and six degrees of flight (6DoF) for greater interactivity.
The new measures enable Magic Leap to support large-scale experiences and enhance its ecosystem of supported products and solutions, creating more key partnerships to develop use cases for AR technologies.
Speaking on the Magic Leap partnership, Gappelberg highlighted how his “AI-powered” AR platform aligns with Magic Leap’s hardware “perfectly.” The CEO also remarked that the “partnership is expected to create new business opportunities for our technology, allowing users to experience digital content in the real world in ways that were previously unimagined.”
In the same month, ARway partnered with Microsoft to integrate its solutions into the HoloLens 2 headset. In collaboration with Microsoft, ARway introduced its digital wayfinding platform to Microsoft’s HoloLens 2 headset for utilization across various industries, such as medical, immersive learning, and remote GUI. It will continue to be a valuable asset for ARway’s future deployments.
Ok, means $50 mil. insurance was on hold.
Thx.
I thought funding was done over a year ago. obviously I was wrong.
Isn’t that they announced they got insurance a while ago?
My question is if there was not financing lined up, why they got insurance over a year ago and they’re paying premium for that over a year?
$50 million insurance will cost quite a little bit premium specially when the interest rate were going up at the time and no revenue and no receivable to guarantee this premium to get lower rates.
Interesting, we shall see .
Shorters have been wrong, lol.
SNPW is doing very well.
Yes, I saw the same thin in the morning and will read on the weekend.
Very interesting development .
No, there were 14000 shares traded on TSX,
It was spreads issues between bid and offer.
Not so many shares to sell desperatly.
Agree, it looks very good.
Reason I Purchased aggressively today was if someone wants to buy 1 million ++ shares, what will be the price?
At this level, you can see the spreads between bid and ask , just imagine when something develop What will be spread? .
We don’t have a 1 billion shares outstanding , there is only 19.51 million.
I agree. When people read the email sent to shareholders yesterday and the latest a few news releases are indicating the direction of the company which is very positive.
Approval of this patent by FDA with japanese approval is the game changer and I believe Canada, Europe and China will approve the same patent soon this will make drug manufacturers(big Pharma) lined up to sign up a deal.
People who are affected by these disease need this drug and FDA knew that.
We are not even talking about other developments at the company.
Shares outstanding: 19.51m
Insiders own 22%
There was almost none insider purchase previously.
I believe Christopher Moreau owned only .0049% in the last a few years.
Now, 3.9%?
An other positive big news was a few weeks ago.
———-
“VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (the “Company” or “Algernon”) (CSE: AGN) (FRANKFURT: AGW0) (OTCQB: AGNPF), a Canadian clinical stage pharmaceutical development company, is pleased to announce that it has signed a Letter of Intent (“LOI”) with Seyltx Inc. (“Seyltx”), a privately owned U.S. based drug development company, to acquire Algernon’s NP-120 (“Ifenprodil”) research program for USD $2M cash and a 20% common share equity position in Seyltx. The transaction is subject to certain conditions including, inter alia, Seyltx financing and the negotiation and execution of a definitive agreement, which is expected to occur within the next 90 days.
Seyltx plans to conduct an Ifenprodil Phase 2b chronic cough study as soon as possible. As stated in the LOI, Algernon’s clinical management team will be available to provide support, oversight and management of the study.
Ifenprodil is an N-methyl-D-aspartate (“NMDA”) receptor antagonist specifically targeting the NMDA type subunit 2B (GluN2B), which prevents glutamate signaling. Ifenprodil is Algernon’s lead research program and represents a novel first-in-class potential treatment for chronic cough. It is thought to interfere with central signalling in the brain, suppressing the urge to cough.
“We are very pleased to have signed this LOI with Seyltx,” said Christopher J. Moreau, Algernon’s Chief Executive Officer. “With the U.S. FDA advisory panel recently voting 12 – 1 against approving Merck’s chronic cough drug candidate gefapixant, citing a lack of efficacy, it is very important to continue moving Ifenprodil forward as a potential global treatment of chronic cough.”
—————
—————-
Yes, I purchased today at the offer after seeing insider buys.
I could not wait for better deal because with only 19.51 million shares outstanding and insider participation at the same time some loyal share holders are holding. This can be very interesting when and if anything further develops.
========
Note: this is not a recommendation to buy hold or sell the stock, do your own DD.
It cost me quite more $$ today by not seen your post on 12/28/29, lol.
Agreed, big time.
This is first time I have seen since for a while
Christopher Moreau is the second largest shareholder if the information is accurate.
Beside an excellent news for getting this important patent.
Insider have bought shares in December 2023. Confidence is building.
———
Recent Insider Transactions
========
BuyCA$4,50028 Dec 23
Christopher Moreau
Entity Individual
Role
Chief Executive Officer
CEO & Director
Shares 60,000
Max Price CA$0.075
BuyCA$4,65027 Dec 23
Christopher Moreau
Entity Individual
Role
Chief Executive Officer
CEO & Director
Shares 60,000
Max Price CA$0.077
BuyCA$40,00526 Dec 23
Christopher Moreau
Entity Individual
Role
Chief Executive Officer
CEO & Director
Shares 533,400
Max Price CA$0.075
BuyCA$21,00026 Dec 23
James Kinley
Entity Individual
Role
Chief Financial Officer
Chief Financial Officer
Shares 280,000
Max Price CA$0.075
————
—————
Top Shareholders:
Top 8 shareholders own 22.07% of the company
AlphaNorth Asset Management
15.39%
Christopher Moreau
3.9%
James Kinley
1.49%
Rajpaul Attariwala
0.59%
Harold J. Bloomfield
0.25%
Eldee Foundation, Endowment Arm
0.25%
Howard Gutman
0.11%
Mark Williams
0.093%
=======+=====+
Please make sure you understand. I am not recommending to buy the stock, hold or sell, you do on your own risk do your own DD’s know your risk tolerance, since this is very speculative stock.
Above information may not to be accurate I cannot guarantee for the accuracy, therefore do your own proper o DD’s.
Wow, a trade went through at 3:59 pm,
25,920,315 shares at .00047 ?
Hey Tothe,
Good see you are back.
Happy new year.
Who is Victor Hoo?
Owns 45.96% of VCI Global Limited.
———
Victor Hoo (42 yo)
Mr. Voon Him Hoo, also known as Victor, serves as Director at I Synergy Group Limited from November 17, 2023. He was the Interim Chief Executive Officer of Impiana Hotels Berhad since February 27, 2023 until October 11, 2023 and has been its Executive Director since January 19, 2023. He served as a Non-Independent Non-Executive Director of Impiana Hotels Berhad since January 10, 2023 until January 19, 2023.
Mr. Hoo served as Chairman and Managing Director at Treasure Global Inc. until March 20, 2023. He serves as the Chairman and Chief Executive Officer of VCI Global Limited. Mr. Hoo is an investor, board member, venture capitalist with senior management experience and many years of cross continents experience that includes Asia, Australia, Europe, UK and US across diversified industries which encompasses IT, real estate, telecom, aerospace, security, defense, mining, HCM, fintech, blockchain, entertainment, hospitality and education. From 2013 to present Mr. Hoo has been the founder and executive chairman of V Capital Group (“VCG”), a business and technology consulting investment group.
The group currently advises a portfolio of more than 30 public listed clients. From 2015 to 2017 Mr. Hoo was the Executive Chairman and Director of the Pixie Group Limited, a consumer discretionary company listed on the Australian Stock Exchange. Mr. Hoo served as a Director at Zingmobile Group Limited since October 24, 2015 From 2013 to 2018 Mr. Hoo was the Chief Financial Officer, Chief Investor Relations Officer and Board member of Capital Investments Limited, an incubator fund manager.
Mr. Hoo has a BA from University of Queensland in International Relations and Japanese in 2002; Postgraduate in Law from the University of London in 2010 and an Oxford Blockchain Programme Certificate from Said Business School, Oxford University.
Note: Accuracy of this information can’t be guaranteed. Please, do your own DD.
Important news announcement,
From Yahoo Finance
——-
Nextech3D.ai Announces Investment and Partnership In Its 3D Modelling Business
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, ON / ACCESSWIRE / December 18, 2023 / Nextech3D.AI (the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) is pleased to announce that it has entered into a binding letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI has been granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modelling and associated assets (the "3D Modelling Business") over an approximate nine month term (the "Transaction").
Evan Gappelberg CEO of Nextech3D.ai commented, "I am excited to enter this partnership with VCI Global Limited, and welcome Victor Hoo who is making a substantial investment in Nextech3D.ai of up to CAD$12.75 million. This capital infusion will be instrumental in advancing our portfolio of businesses and furthering our commitment to the transformative potential of AI." He continued, "As we are now seeing a global surge of investor interest in AI, AR, and 3D, which we have been steadfastly investing in since 2018, this partnership positions us financially to not only enhance our technology but also to scale our operations in 2024. With this growth capital we are poised to continue navigating the evolving landscape of technology, unlock new growth opportunities, and solidify our position as industry leaders. I want to thank our dedicated team, investors, and partners for their continuous support on this exciting journey."
VCI may earn its interest in the 3D Modelling Business in tranches ("Tranches") by making cash payments to the Company as follows, subject to the terms of the Agreement:
Tranche
Payment (CDN$)
Percentage Interest (%)
Payment Date
1
$637,500
2.7
On or before 31 January 2024
2
$1,187,500
5.0
On or before 30 April 2024
3
$1,662,500
7.0
On or before 30 June 2024
4
$2,450,000
10.3
On or before 31 July 2024
5
$2,612,500
11.0
On or before 31 August 2024
6
$3,562,500
15
On or before 30 September 2024
Each Tranche is optional and shall be completed at the discretion of VCI. In connection with the Transaction, VCI has also agreed to purchase common shares of the Company in a concurrent private placement for aggregate gross proceeds of Cdn$637,500, upon terms to be determined (the "Private Placement").
In order to facilitate the Transaction, the Company will transfer its 3D Modelling Business into a new subsidiary, and VCI will earn its respective percentage interest in such subsidiary upon completion of each of the Tranches noted above. Also in connection with the Transaction, the Company has agreed to grant a non-exclusive limited license to VCI in order for VCI to solicit customers for the Company's technology in the Asia Pacific region.
The Transaction and Private Placement remain subject to various conditions, including the receipt of all applicable third party approvals, the approval of the Canadian Securities Exchange and NASDAQ (as applicable), and the satisfaction of other conditions precedent as set forth in the Letter Agreement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Nextech3D.ai
The Company is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The Company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.
On October 26, 2022, the Company spun out its spatial computing platform, "ARway.ai" as a stand alone public company. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. The Company retained 13 million shares in ARway and distributed 4 million shares to Nextech3D.AI shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB (OTCQB:ARWYF) and Internationally on the Frankfurt Stock Exchange (FSE:E65).
On June 14, 2023, the Company completed its second spinout of Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. The Company retained 13 million shares in Toggle3D.ai and distributed 4 million shares to Nextech3D.AI shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE:TGGL) and in the USA (OTCQB:TGGLF).
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.
For further information, please contact:
Investor Relations Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Disclaimer for Forward-Looking Information
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the anticipated completion of the Transaction and Private Placement and the terms thereof, receipt of all applicable regulatory and third party consents in connection therewith, completion of one or more Tranches (all of which are optional and at the discretion of VCI), and satisfaction of all applicable conditions precedent set forth in the Agreement. There is no assurance that either the Transaction or the Private Placement will be completed upon terms as presently proposed or at all.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law.
SOURCE: Nextech3D.ai
I am shocked you confuse two issues.
One of them is antitrust.
The other one is business development, pruductivity and enhancement .
The way you’re writing like Amazon is cash starved, and has a weak balance sheet.
None of them true.
Did you sell NEXCF too early?
Are you regretting selling your shares
trying find some reasons to convince yourself you made right decisions?
Important News
——-
NEXTECH3D.AI GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM COMPUTER-AIDED DESIGN (CAD) DATA
TORONTO, O.N, Canada – December 13 , 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the grant of a patent by USPTO for 3D model generation from Computer Aided Design (CAD) data. Receiving this first patent, as part of the Company's previously announced portfolio of patents filed in 2022, reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D technology and innovating with AI-powered solutions.
Link to the patent online at USPTO site: patent # 11823328
Nextech3D.ai CEO Evan Gappelberg commented, “The timing of this patent approval could not be better! In 2023, we are witnessing a paradigm shift in technology with AI, AR and 3D model creation becoming the next generation of foundational technology that shapes our future.” He continued, “With the approval of this pivotal AI patent we are perfectly positioned for this future and we are excited to deliver today’s tangible results and long lasting value for our loyal shareholders. I’m extremely excited about our future and expect to see more patents in our portfolio approved.”
This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business. There is growing demand for 3D product models for real-life, with increasing adoption of virtual reality with the META Quest and augmented reality with Apple’s eagerly anticipated Vision Pro, which uses 3D models to display objects to users. Similarly, websites and mobile phones use 3D models to display products on e-commerce websites, which enables users to get a better sense of what the product looks like from all angles and perspectives.
Up until now, generating a 3D model was a time consuming process and required human intervention. However with Nextech3D.ai’s patented technology, if a user has a CAD model of the product they can easily create a 3D model of the product and texture it in just a few minutes, which increases productivity and reduces costs thus giving Nextech3D.ai a competitive advantage.
Nextech3D.ai has already been using this patented technology implemented in the Company’s Toggle3D product. In the Toggle3D platform, users as well as Nextech3D.ai itself can leverage this patented technology to convert CAD files into 3D designs and textures.
This patent approval recognizes Nextech3D.ai’s technology capabilities as the Company is leading towards the future with AI technologies and innovation. Receiving this patent reinforces Nextech3D.ai’s commitment to advancing 3D technology through innovation and AI-powered solutions.
LATEST NEXTECH3D.AI NEWS
Nextech3D.ai Launches AI AD Network For Its Event Tech Platform Map D
Nextech3D.ai Obtains New AI Tool Through Technology Transfer From Its Largest Customer
Nextech3D.ai Reports 2023 Third Quarter Earnings
Nextech3D.ai Experiences Record Sales for Its Event Tech Management Platform, “Map D”
Nextech3D.ai Announces Multiple New 3D Modeling Deals
This is exactly what I was talking about.
“Only thing I can find one page as web page which explains todays news, lol.
It seems it is a new web page set up for this news”.
Just my opinion.
Yes,
Seyltx is a U.S.-based Delaware C-corporation
Interesting to search…
No contact info about Seyltx from news release from Algernon today and no web page as well.
One would think anybody spend $2 mil with with 20, would have contact info.
Googled Seyltx.
Only thing I can find one page as web page which explains todays news, lol.
It seems it is a new web page set up for this news.
Is it possible? Of course, I can be wrong here.
Is there a way to find out anything about Seyltx,
who owns it?
Where is located?
Established year?
Contact names(real)?
I am not familiar with those cos & news.
How the scam took place, by whom, parties?
Can you enlighten us with more details?
Or their news and posts?
I will appreciate your input. It is good to know.
I hope you are right and I am wrong.
However, I have different opinion about C.Moreau.
——
Here is his leadership team.
Look into R/S history, since he has been running the company.
How many times R/S took place?
Look into company’s capitalization. Has he reduced his remuneration while shareholders were bleeding & burning?
——-
No wonder, they have only consultants.
Can they afford other employees with those salaries?
——-
Leadership Team
Christopher Moreau
CEO & Director
CA$576.45k
James Kinley
Chief Financial Officer
CA$170.04k
Christopher Bryan
Vice President of Research & Operations
CA$257.54k
Note:
Accuracy of this team members and salaries cannot be verified. Please do your own proper DD‘s and know your risk tolerance.
Just my opinion I am not recommending. buy, sell or hold.
It is just my opinion. Good luck to all.
$ 2 mil in the bank?
How much are they burning cash a month?
How about overhead payments, research development, etc.
Any other loans to pay ?
Obvious that they could not raise cash any longer from depleted shareholders ?
burn too many times with this stock ?
do your own DD it’s just my opinion .
Happy Thanksgiving all!
You haven’t been here long time to recognize them. They are part of group of bashers who short now. This one is junior basher.
Do your own DD.