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
