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ImagineAR Inc C.IP

Alternate Symbol(s):  IPNFF

ImagineAR Inc. is a Canada-based company, which offers an augmented reality (AR)-as-a-service platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Its products include ImagineAR SDK, ImagineAR WebAR, ImagineAR Cloud and ImagineAR Mobile App. The ImagineAR SDK product provides AR visual and Global Positioning System (GPS) activations, AR Scavenger Hunts, Reward Cards and Real-time Analytics and is integrated with the ImagineAR Cloud content management system (CMS). The ImagineAR WebAR platform fully integrates with the ImagineAR Cloud CMS providing the ability for AR visual activations, reward cards and real-time analytics. The ImagineAR Cloud CMS is a centralized self-publishing content management system. ImagineAR Mobile App is a self-publishing platform, which activates Visual and GPS AR experiences, AR Scavenger Hunts, Sweepstakes, Rewards, Coupons and e-digital cards.


CSE:IP - Post by User

Post by NeotraderQCon May 23, 2023 9:54am
243 Views
Post# 35460063

Financing

FinancingWell It looks like the glory days are over for IP. Experienced CEO would have done a Capital raise (rather than unloading their own holdings) when the stock was at $0.40 - $0.60 and replenished the coffers for long term. Instead AP unoaded his shares and completely destroyed the confidence that was building in this company. This new Financing essentaillay pays APs salary for the next year, leaves about $100k for platform maintenance, and some change for a few more fluffy press releases. I suspect whoever did the financing will also be the player who picks this up for pennies on the dollar once it files for Chapter 11 which is what I believe is coming next (and likely much sooner that people think). After working for the TSX and TSX-V for more than a decade I've have seen this too many times...This last round was the golden partachute that the Suitor who will pick this up in bankruptcy was giving for all the work AP did. I exited about 2 months a go with a loss after originally unloading at $0.60 and getting suckered back into it. Got in originally when this was called something before it became Imagination Park, and the UFC virtual and augmented reality stunt with Michael Bisping looke dlike something that could gain traction. It went from the ato getting your picture taken with Tyson Fury haha....now the only thing it is good for is to get a pic with sanbat Clause for your kid at X-Mas. Shame on AP for using this to enrich himself... Thats why it is only a 1 man company now. Lst run into the ground before it goes belly-up IMHO. Good luck to all longs who trusted this con artist.
 
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