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Nextech3D.ai C.NTAR

Alternate Symbol(s):  NEXCF

Nextech3D.ai is a diversified technology company that leverages proprietary artificial intelligence (AI) to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other major e-commerce retailers. The Company develops and acquires 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.


CSE:NTAR - Post by User

Post by Smiles62on Jan 29, 2024 8:12am
186 Views
Post# 35849971

Oops financing!

Oops financing!

First of all it says a lot about the news, out after close on a Friday!

Second, if Evan was willing to sell half of the business for $18M (I believe it was?), it's because we needed that much money going forward. Now what?  I know Evan is business savvy but I this is a huge challenge. 

It's obvious after doing their DD, VCI thought it was not worth it. So that also gives us a sense of NTAR's value, it was like an independent review. I believe our current business situation relies on primarily one customer, and that may create a certain risk.

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