Heres the problem with your theory, despite what anyone thinks and how the market acts, there is proof of payment in their latest 10-q they've already been paid and vwav is real, all the shit that ive shown is real, market has to meet legalities and fundamentals eventually even if it takes some time.. idk why this is trading this way but somethings gonna give, probably in the next month i would guess, theres a reason they got listed so fast, theres a reason for the way this is bs trading too
From vwav prospectus
Target's technological foundation is derived from acquired intellectual property and pre-existing Al-driven defense systems, rather than newly developed R&D. The Company acquired technology from Tokenize, valued at $30 million, eliminating the need for additional development expenses. The final valuation of the intellectual property acquired from Tokenize was determined through negotiation between the parties, which resulted in a final agreed valuation of $30 million. This valuation was $10.1 million lower than Tokenize's internal third-party valuation, reflecting the mutually agreed-upon adjustments between the parties. For accounting purposes, this acquisition was recorded at the historical cost of the transferor (Tokenize), meaning that only a nominal amount is reflected in Target's financial statements in accordance with applicable accounting standards. Much of Target's existing technology was initially developed by GBT's CTO, Danny Rittman, in 2016 and was continuously enhanced over the years. Upon entering into agreements with Tokenize, this technology was made available to Target, allowing it to focus on commercialization rather than new development. Target's key personnel leveraged their expertise to integrate, test, and demonstrate these technologies to potential defense customers. The first commercial pilot programs commenced...
Key Developments: Pilot Programs and Client Engagements
Target has secured approval for a pilot project with significant defense company in the United Arab Emirates, following a competitive selection process against leading global defense companies. The testing trial, valued at $216,150, involves a live-firing test and is currently in the manufacturing stage. Upon successful completion, this pilot is expected to validate the product's capabilities and lead to multi-million-dollar follow-on orders.
On top of 3D simulation that been presented, a demonstration is scheduled for first Q of 2025 with a Us based defense contractor, which is the subsidiary of an international defense company. This pilot will showcase three Target products, with the objective of securing large-scale deployments. Additionally, Target is collaborating with defense contractor's engineering team to initiate production lines for Remote Weapon Systems (RWS).
In partnership with the US based defense contractor, Target has submitted a collaborative proposal to the US Army Rapid Capabilities Joint C-sUAS Office (JCO) for its Interceptor solution. This initiative includes rigorous testing and approval as a potential solution for the US Army and NATO forces.
Target is collaborating with the Israeli Ministry of Defense and others to deploy its solutions as both short-term and long-term measures to enhance border security. These deployments will involve real-world field use and are anticipated to result in long-term contracts for continued deployment and servicing of Target's solutions. A demonstration and initial deployment of the system are scheduled for Q1 2025.
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The Indian Ministry of Defense is working with Target to install and deploy its solutions along India's borders.
This engagement is structured as a 10-year agreement to provide Target's solutions and ongoing services. As part of this initiative, Target anticipates establishing manufacturing facilities in India, enabling a substantial long-term partnership and large-scale deployment.
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