ImagineAR Inc (IP)

[Sam Dan]

My thoughts
Unfortunately, IP tried to be involved in too many different projects- movies both short and full length, Chinese projects- various IR and AR projects with many participants.Obviously, revenue streams were not achieved. Now management has made a decision to concentrate on their 100% owned XenoHolographic. Hopefully, if their products are as unique and innovative as they claim, a significant revenue stream will be achieved to merit a higher share price.

“Imagination Park, through its wholly-owned subsidiary XenoHolographic, creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms.The Company provides augmented reality products for mobile phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and Blockchain."
I give management credit for making their decision to downsize. Now we must have some patience.

Only other thought- there were SO MANY shares issued to persons involved in the discarded projects- what happens to those shares. I know from Sedar filings many shares were forfeited but believe there is still a significant number out there.