Pounce Technologies Inc. V.POI.H

Funtastic

[titanicleser]

From April:

https://www.marketwired.com/press-release/press-release-in-accordance-with-national-instrument-62-103-2115454.htm

How they will react.....?

[Wallcrawler]

What can they say or do? if this gets voted down then what? only other option is bankruptcy.  there is no white night to the rescue, anzu partners get everything but the pounce app. anzu wins ans ahareholders get screwed, mr chell working his magic, the visionary. 

[titanicleser]

Yes, but Funtastic owns 20%. The question is what they will do if they are still interested in Slyce. Why there were interested to buy 20% shares in February / March? Would it be not a better solution for Funtastic if they would try to buyout the company right now at the current price?  In the press release from April(!) they said: In the future, Funtastic may acquire additional securities

[Wallcrawler]

Well they havent made an offer, and at this stage its doubtful they will. will see what happens with the vote. but im guessing it gets approved. everything about slyce seems to be an inside job. BIG is a scam that just turns out public companies and bleeds them dry. like they say THERES A SUCKER BORN EVERY MINUTE. sad to say but i was one of those suckers.i know now that if i ever hear the names

[MuadDib]

"In September, 2016, Slyce's board of directors appointed a special committee to consider strategic alternatives and recommend a course of action aimed at MAXIMIZING SHAREHOLDER VALUE. The special committee engaged Acumen Capital Finance Partners Ltd. as Slyce's financial adviser. The special committee and Acumen reviewed several alternatives and concluded that, in the current equity

[Wallcrawler]

Whats your interpetation then. 

[MuadDib]

I'm waiting for clarification from Ted.

[NotFreddie]

Could it be the Cam Chell is related to Bernie Madoff. He most certainly knows how to play the game, paying himself and his cronies handsomely.  Hopefully he will eventually be doomed to the same fate as Madoff. I believe that Karma always prevails. Time will tell.

[NotFreddie]

All of the above says it all. Slyce was a scam from the get go. 

[NotFreddie]

That will only happen if the shareholders vote to accept this offer.  It's obvious that we as shareholders have been given the shaft, and are going down. The only way to get satisfaction is to take these "white collar" criminals down with us.  Therefore, I suggest that we as shareholders NIX the deal, and force the company into Chapter 11. If nothing else it will not

[deepent]

That's a brilliant plan.  Get rid of the shareholders (i.e. dilute to basically zero), cut all costs, basically run off with the tech + clients then go sell it all at a markup to another bidder. On the other hand, I noticed Anzu is involved in mining.  So whoever had the theory that the stock listing would just be turned into a mining company may have been onto something. 

[freddie1]

I was the one who told you about 5 months ago that Cam was going to use the shell for a new mining 'venture'. Check past posts...............There is no tech (there NEVER has been) and there are no clients to run off with. Cam has already taken ALL your money according to the plan I told the board about approx. 2 years ago. I calculate he has enriched himself by at least $10 million from

[MuadDib]

Looks like the public company owns 7.5% of previous company. The new public company retains Pounce and will build around it in VR. Debt is paid with a bit of cash left. Don't know beyond that. IMHO

[MuadDib]

My worst investment since 2001. It was definitely a gamble that didn't pay. I'll hang on with a hope that Pounce can become some sort of viral iPhone app. :( Peace out! IMHO

[Leafs4Life]

So you think a company that burnt through 50 million dollars trying failing to do visual search will be able to build a Virtual Reality company with no money. Is that really what you think will happen?  Do you live on planet earth?  

[MuadDib]

No need to be rude. I'm basically admitting defeat. It's my money, I can buy/hold/sell what I want. Ain't that correct? The amount I have left is inconsequential. Who knows what's going to happen? Do you know for a fact that Pounce will fail?

[NotFreddie]

If this was in the US a class-action suit would have been filed. The way Slyce has been run into the ground. Shareholders being burned, their money being used to pay Slyce execs over-inflated salaries. In addition, the bogus takeover proposals (i.e. Quest/Beal), the Funtastic deal. It leads one to believe that insider fraudulent activity as been transpiring from the get go. IMO an

[deepent]

You're right, there are also a lot of shady companies involved, Funtastic, Anzu, Quest, BIG.  Quest totally looked like fraudulent activity.  I'm guessing Slyce's "largest shareholder" / Funtastic is just a holding company. This Business Insticts Group company is a focal point somehow.  I wonder if it has ties to Funtastic or Anzu or Quest. How would an

[Michael61]

Now again the conspiracy theories....

[deepent]

You're right, what was I thinking? That reputable Funtastic company, what with its PO box in Hong Kong run by a guy with a gmail address, why it should totally have $3.4M to spare to put into Slyce.  Totally legitimate stuff, nothing fishy at all.