Pounce Technologies Inc. V.POI.H

Competitor Visual Recognition Raises $30M USD Equity

[TheFactsAbout]

I have been following the Slyce adventure since 2 years - even invested - and now I am convinced we're going no where. I was motivated into investing when I believe in what I thought was the Business traction - Slyce has been over-communicating about contracts they were signing but none of it turned into big Cash - and eventually this has caught with them with Slyce crazy cash-burn.

Just read that competitor CLARIFAI just raised $30M USD : Now they seem to have a technology when Slyce does not seem to have anything at all. Should really have invested in CLARIFAI instead of Slyce.

CLARIFAI is probably the ones working with the Pinterest, and co. Not Slyce although I had thought so as Muab suggested in this post board - otherwise why would CLARIFAI manage to raise funds when Slyce is only at $3M valuation ? Apparently investors do not believe in our story.... they must somehow be able to compare the cash and client traction between Slyce and the other companies in the Visual recognition space - and are voting Slyce out.

See below the article concerning CLARIFAI recent $30M raise in TechCrunch :

https://techcrunch.com/2016/10/25/clarifai-raises-30m-to-give-developers-visual-search-capabilities/

See below the article concerning the CLARIFAI $30M raise in Venture Beat : 

https://venturebeat.com/2016/10/25/deep-learning-startup-clarifai-raises-30-million/


No mention at all about Slyce. As if Slyce did not even exist for them in this space. And when Slyce is hardling doing small tiny bridge funding. I think we have 1 month left before our Slyce story ends comopletely due to crazy cash burn. Thanks BIG. Thanks C Chell. They are professionals of scam. I am actually really furious when I see what others such as Clarifai have managed to built while Slyce has simply completely failed. Human tagging and nothing else. What could I have expected else ? Lessons learnt.

[NotFreddie]

We all make mistakes. No one is immune.

[TheFactsAbout]

Slyce 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

[Arturs33]

It may be over but I still want to hear what that committee is working on. Who knows it may have only been a ploy to postpone the ending for a while but you never know. At this point it's not worth for me to sell the shares and then kick myself if by some miracle they pull it off. Someone is still buying the shares when they are sold so I wouldn't throw in the towel yet. 

[MuadDib]

Looking at the 1.5, it feels over. But my logic says it still ain't over. Apparently there have been interested suitors over the last couple years. Slyce is pursuing a sale more vehemently now. Hopefully they can recoup some shareholder funds. I'm still wavering on whether or not to throw more money at this. IMHO GLTA

[NotFreddie]

Personally, I believe the principals at Slyce are schemers, so I wouldn't throw good money after bad, however I will not let them or anyone else buy my existing shares at this price. I'm staying the course, and more than likely going down with the ship, but so be it.

[MuadDib]

Yeah, that's how I'm leaning. Eom

[NotFreddie]

At this point I don't trust or believe what is going on with Slyce. Like Arturs33 stated, someone is buying shares. It wouldn't surprise me if it is insiders shaking the tree to acquire them. It might be their last ditch effort to "milk" as much as they can. Personally I rather see the sp go to zero than let them go at 1.5 cents.