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Nexoptic Technology Corp V.NXO

Alternate Symbol(s):  NXOPF

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its patented and patent pending AI for imaging called All Light Intelligent Imaging Solutions (Aliis). Aliis can reduce storage and streaming requirements needed for videos and images while also improving image quality in all types of environmental conditions. Aliis delivers by learning a camera profile and optimally enhancing, pixel by pixel, its quality and its resolution in a fraction of a second, using edge processing. Its NexCompress, a video compression enhancement solution, offers bandwidth and storage savings for video storage and streaming applications.


TSXV:NXO - Post by User

Comment by Maxmoeon Jul 08, 2024 11:21am
57 Views
Post# 36122781

RE:Good Read

RE:Good Read
Damn1212 wrote: This is the Important part 

where they write off 45 Million $ for the blade optics Tech 

45 million $$ Poof ! Gone 


https://stockhouse.com/news/press-releases/2019/12/24/nexopt


Non-Cash Impairment Charge

The Company announces that it has determined not to make further investments or pursue its initial square aperture and prism lens designs after reviewing the costs, benefits, and feasibility of commercializing such technology. Such technology comprised NexOptic’s initial technology, which the Company acquired in 2017. In terms of quality, performance, manufacturability, and cost, NexOptic’s latest lens offerings are far more desirable to consumers and industry partners alike. The Company has determined to focus its efforts on its core DoubleTake system as well as its artificial intelligence and software capabilities. As a result, the Company expects to recognize a non-cash impairment charge of approximately $45 million against its 2019 year-end financial statements in relation to the patent acquired in 2017. NexOptic continues to move forward with its immediate and long-term strategy, advancing its core existing lens systems and expanding its portfolio of patent-pending lenses and artificial intelligence technologies. 

How many shares did you buy AFTER this ? Poof. Your money is gone ! Notice again they paid with shares. How many shares.. was it say 40 million shares? Today, at 2 cents, that cost $800,000. Is that a bargain now? Also note the dates on the calendar. The purchase was in 2017, the write off was year end 2019, reported early 2020. More than 2 YEARS later, not the 2 weeks you love to exclaim with such gusto. 
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