TSXV:POI.H - Post by User
Comment by
TheFactsAbouton Nov 10, 2016 3:10am
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Post# 25443430
RE:Competitor Visual Recognition Raises $30M USD Equity
RE:Competitor Visual Recognition Raises $30M USD EquitySlyce at CAD 2.8m valuation ! This is the end. And even at this valuation, no serious investor is offering to fund or acquire us... while competition raises $30m USD in equity with serious VCs : these investors are able to do due diligence on visual serach companies, compare Tech, business traction, cash burn, business model - these VCs are simply voting us out compared to competition. Slyce at this valuation is not even at 10% value than the equity funding raised by CLARIFAI : I wonder how much CLARIFAI has been valued by these VCs - must be around $100M-150M USD with their Tech, business traction and cash generating model. But surely there probably isn't any human tagging in their Tech - haven't read this anywhere.
Which leads me to think that Slyce Tech is probably considered worthless by these VCs that do their due diligence. Believe me it's a small world, these VCs probably also looked into Slyce as well but are simply voting us out after their due diligence.
CAD 0.015 per share - where are we heading ? I am simply furious about this whole story of lies.