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Bullboard - Stock Discussion Forum NexTech3D.AI Corp. C.NTAR

Alternate Symbol(s):  NEXCF

NexTech3D.AI Corp. is a diversified augmented reality (AR), artificial intelligence (AI) technology company. The Company leverages AI to create three-dimensional (3D) experiences at scale for e-commerce. The Company's primary focus lies in creating 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Its suite of products includes patented... see more

CSE:NTAR - Post Discussion

NexTech3D.AI Corp. > Oops financing!
View:
Post by Smiles62 on Jan 29, 2024 8:12am

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.

Comment by dospintos on Jan 29, 2024 2:10pm
As far as I'm concerned feeling much better after listening ,, have a nice day !!! Floks
Comment by Smiles62 on Jan 29, 2024 8:41pm
I guess it was blessing that this deal did not go through, maybe timing is on our side after all? I believe I saw CIBC buy a lot of approx 100K up 0.26, I guess he believes in the value of it as well or he believes that this new deal Evan is referring to is worth his investment. Now let's jump start TGGL along with NTAR and ARWY. Glad to be wrong on my first assessment. As you say, I feel ...more  
Comment by Smiles62 on Jan 30, 2024 9:14am
If I understand correctly, currently there is no revenue from TGGL until the star of charging in Q1. We need to be patient I guess. Does anyone know when Q1 starts?
Comment by Smiles62 on Jan 30, 2024 5:56pm
Found it on their web site, they follow calendar year. So soon we should get a hint as to how many are willing to pay for the software. It's been a while since we heard from the director of that business.
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