Tekcapital Share Discussion Threads

[purchaseatthetop] 17/2/2024 20:29

Tim. Respect. Good luck to all andi hope you do well. But there are huge red flags.

[tim000] 17/2/2024 20:25

MicroSalt is pre-revenue, its future is not 100% certain. There are differing views on its prospects. Simon Thompson (IC) is tipping TEK, so is the Oak Bloke. PATT takes a different view. Fair enough.

[purchaseatthetop] 17/2/2024 20:08

Tim000. That is wrong. They have been trying to sell this for nearly a decade now…



That is with Sakharim Patel quoted on the 2016 sales blurb.

Tek capital need cash. They placed in April 2023. Now they have a huge rise from Microsalt which I think means they will place into. That solves their cash needs and means they don’t have to sell as they are locked in.

If you are nicely up, then top slice. Cover yourself. I think this is a pump. The IP has 6 years and then is over.

Read the admission document

[tim000] 17/2/2024 20:08

Everyone should read the relevant sections of the Admission document and see whether they agree with the claimed interpretation. Contacting MicroSalt would also be a very good idea, I believe they have a presentation coming up??

[tim000] 17/2/2024 20:03

This agreement with the inventors reduces the profits to MicroSalt from selling the IP, but has no bearing whatsoever on the value of licensing agreements with food manufacturers etc. Any future patents taken out outside the US may well extend beyond 2030 and thus have greater value to MicroSalt if sold on.

[tim000] 17/2/2024 19:57

The inventors are third parties with no obvious connections to MicroSalt or its Directors etc. The agreement as claimed would make no sense for MicroSalt to agree to. But I do agree that currently, the US patent expires in September 2030, if not extended.

[tim000] 17/2/2024 19:53

I have read that section of the Admission document and that interpretation is incorrect in my opinion. The document says that on sale of the US Patent, or products covered by the patent (which presumably only relates to sales in the US, not the RoW), MicroSalt plc must pay the inventors 30% of future net revenues covered by the patent. That is very different from what is claimed it says. I believe MicroSalt is looking to take out patents in many other countries, which presumably would not be covered by this contract with the inventors.

[weaverbeever] 17/2/2024 19:41

From salt thread. What does this mean? Word of warning here…There are 7.3m warrants that get triggered at a price of 47.3p. These become active at either £1.29 or £1.27. Section 14 of the admission document says £1.29p wile section 13.1.8 says £1.27. Check it out. That is an error.More relevantly 13.1.11 says the subsidiary which is Microsalt Inc (owned 92% by Microsalt plc) has the rights to the IP and can sell it only paying 30% to Microsalt plc. Which is bad for shareholders. Even worse is section 13.1.14 which shows that if they do sell the rights then every penny of that goes to the original PI owners.Read it and consider that the IP patent expires Sept 2030.Admission documents are complicated things. Good luck.

[buywell3] 17/2/2024 01:09

Jan 2024

32 of Japan's 47 prefectures, or 68% are considering the introduction of Level 4 autonomous buses, reflecting growing expectations for the new technology as a way to tackle the worsening driver shortage combined with with an increasingly aging population.


Auve Tech have just announced that their autonomous shuttles MiCa have started operating in Yahiko, a coastal region of central Niigata Prefecture in Japan.

SoftBank Unit Bringing Estonian Self-Driving Buses to Japan




buywell expects more news from Japan soon --- MiCa shuttles are performing well imo




dyor

[billthebank] 16/2/2024 22:59

These large holders in TEK effectively hold circa close to 60% of SALT indirectly. Apart from Tek are there any other shareholders with a large holding in SALT?

[buywell3] 16/2/2024 18:56

---------- The listing of Guident might become another reality soon ---------

buywell is basing this assumption on what is currently happening in Japan , where the government of Japan are pushing ahead to employ autonomous shuttles in over 50 locations in 2024.

Guident is directly involved due to the recent RNS the other day regarding the Auve Tech MiCa shuttle which is now being deployed in Japan at various locations.

Japan has stipulated/mandated the need for Remote Monitoring and Control from a RMCC

Hence there is imo a possible market for around 200 shuttles ( 4 per location ) in the offing for 2024





What is making Guident so attractive imo is the recent patent grant concerning AI ( see the buywell post yesterday




For safe operation of AV's there is a need for redundancy of sensors --- MiCa uses Cameras , LIDAR , RADAR all operational at the same time.

Some work better in different weather conditions

Some might fail --- so redundancy is a need




Many months ago buywell posted on this issue of weather/darkness and mixed sensor arrays being needed for level 4 autonomous driving. For example cameras are useless in a blizzard or a torrential downpour and not much use in total darkness.




IF a method could be found to combine the data from the different sensor types on MiCa for example , so that an optimal video could be sent to the RMCC --- this would a real game changer

The "DEVICE" would weight the data from each sensor according to it's quality in the prevailing weather conditions in real time and ignore data from any defective/failed sensors.

Some facts:

In all Autonomous Vehicles computing resources are finite

Artificial intelligence and machine learning (AI/ML) can determine the best sensor data merging/fusion strategy based on real-time operating conditions.



Now look at what the Guident patent , recently granted said

“Systems and Methods for Remote Monitoring of a Vehicle, Robot, or Drone.”

The teleoperation architecture includes a novel in-vehicle intelligent monitoring and controlling "DEVICE" that predicts, detects, and reports incidents to a Remote Monitor and Control Center (RMCC) and provides real-time assistance services to passengers. A human-in-the-loop supervises the AI applications in this novel architecture, enhancing the safety of autonomous vehicles, robots, and drones.


Tekcapital investee Guident awarded AI software patent







Tekcapital have employed two renowned AI experts recently

Tekcapital eyes Generative AI investments, adds Google and Apple AI scientists to advisory board

Tekcapital have expanded our science advisory board with two leading AI scientists:

o Dr. Russ Salakhutdinov, the former director of AI at Apple. Russ is a Professor of Computer Science in the Department of Machine Learning at Carnegie Mellon University (CMU). He received his PhD in computer science from the University of Toronto.
After spending two post-doctoral years at MIT, he joined the University of Toronto and later moved to CMU.
He has authored/co-authored over 150 research papers and he is an Alfred P. Sloan Research Fellow, Microsoft Research Faculty Fellow, a recipient of the Early Researcher Award, Google Faculty Award, and Nvidia's Pioneers of AI award and,


o Alexander Mordvintsev who currently serves as a Senior research scientist at Google and inventor of Deep Dream.
Alexander is one of the world's leading scientists in AI and computer graphics.



IMO both are working for Guident on the use of the above 'DEVICE' so as to make the Guident solution for the safe operation of autonomous vehicles become the best there is.

dyor

[bountyhunter] 16/2/2024 15:45

"Walker Crips" lol, presumably not a typo!

[bountyhunter] 16/2/2024 15:44

James Robert Kight increased yesterday to 7.03% from 5.46%.

Director shareholdings
Name Holding Percent
Clifford M Gross 8,657,500 4.00%
Robert Clell Miller 2,664 0.00%

Major shareholders
Institution name Holding Percent
James Robert Kight 12,532,097 7.03%
ELIE DANGOOR 11,122,457 6.24%
Commerzbank AG 7,387,000 13.59%
Nigel Wray 7,387,000 4.94%
Royal Bank of Canada 7,227,300 4.83%
Walker Crips Investment Management 6,439,317 4.92%
Paul Coburn 4,640,000 3.54%
Monecor (London) Limited 2,035,275 4.77%
Max Inglis 1,525,000 4.40%
Prium Inc. 1,504,000 6.68%
Barnard Nominees Limited 1,362,500 3.93%

[mr.oz] 16/2/2024 14:47

kiplig, I'd describe him as a research analyst.
Some really good detail in some previous work, including SALT production process and likely B2B customers

[pedigree_scum] 16/2/2024 10:57

Two big punters increasing stakes. Very clear the opportunity available with TEK. Just a waiting game to see value realised

[kiplig] 16/2/2024 10:50

Who exactly is the Oak Bloke? Is he just a punter talking his own book or is he an opinion leader? Genuine question - I'm a massive believer in SALT, but trying to understand who this chap is.

[bountyhunter] 16/2/2024 09:53

Here's the link to the Oak Bloke on TEK today..



To sum up TEK is a discounted way in to SALT at the current price with the rest of TEKs businesses thrown in for free on top of that.

[1system] 16/2/2024 09:29

Microsalt.....the NVIDIA of Salt

[cheshire] 16/2/2024 08:14

Latest from the Oak Bloke- love the £1.46 target. :)TEK:Runnning my value model and plugging in the latest share prices for BELL, LUCY and SALT I see TEK's NAV remains at a 46.4% discount to market cap - even after a 130% YTD rise.How on earth you might ask? Well, the recent IPO from SALT has a lot to do with that. But the newsflow hasn't changed (much) from what I covered over the past months. SALT's chair gave a great presentation and SALT's CFO and CEO presented well with updates that several UK supermarkets are in discussions, but the fact and market potential of SALT is no different than pre-prospectus. It heartens me that TEK is making progress even when market sentiment is adverse. It proves that stock market eventually is a weighing machine, and if you have a conviction then do not panic and sell. Recurring 30 tonne orders of Microsalt from a global food business (cough Pepsi), and US supermarket stockists far larger than Sainsburys (CVS has 8,500 vs Sainsbury has 1,500) got weighed eventually.But interesting to note, too, that you can STILL buy SALT by buying TEK (who own a large chunk of SALT) at a discount. A very decent 16.66% discount.Not forgetting that it's a 16.66% discount plus you get 91% of Guident, 7% of BELL, 40% LUCY and 100% of ReVive all for free.Why free? Well 15p covers just 83% of the value of the Microsalt shares since TEK own 76% of SALT.I see no reason other than it has not been IPO'd why Guident is worth any less than SALT. I set out the known newsflow for Guident in this article. There are millions of lives lost each year to excess of salt, but one day soon billions of robots and drones needing guiden(t)ce. Even before science fiction becomes fact, Autonomous Vehicles (AVs) are already emerging rapidly for mass transit.Meanwhile for LUCY the addressable market size is $148bn and forecast to grow to $250bn by 2030. Deals with Nautica, Reebok and Eddie Bauer in 2024 make this an exciting pick despite the past poor performance while it got going. Their latest Q4 quarterly update is imminent and my last view on LUCY and my forecasts you can read in this article.Lucyd "are easily the best" is the conclusion in this video.ReVive meanwhile is a concept product which could further revolutionise transport range anxiety and particularly EVs, but PHEVs and HEVs too. Think about regenerative braking and how that has changed the world. It is now commonplace and in fact in 2024 you'd have to go really downmarket to find a car without regen braking or "start/stop" as it's commonly called. So what about generating power over the bumps in the road? ReVive claims a 5-10 mile range extension to an EV and is the sort of business which could be licenced to OEMs to draw in a revenue stream.Which leaves BELL, now funded, with an established market-leading pair of products for oxygen therapy which have been optimised to lower costs for higher margins, and an order book of 6,500 units and growing where they tick certain redemption codes which makes them attractive to equipment distributors to the point where BELL are the only game in town from some vendors.And that still leaves TEK's research business, and future forays as it perhaps looks to its 6th venture now three of its five businesses are listed.I have maintained a potential upside of £1.56 per share is possible over the next two years. TEK's share price, overall, would need to grow about 5.5 times to get there. That's because I see 5 businesses with USPs serving 5 enormous addressable markets.But another way to look at this is simply this.If BELL can return to its prior highwater price (£1.46 a share), if LUCY the same $7.50 a share, if ReVive can achieve 60% of the estimated $125m target value, if Guident were valued in an IPO and beyond in 2 years at 5X its NAV today, and if SALT tripled from here in the next 2 years to £2.85 a share, then you arrive at £1.55 per TEK share.Is it quite so impossible from that perspective? BELL has advanced far further than when it was at that previous high, and LUCY the same and is regularly being compared to - and in comparison videos beating global brands like Ray-Ban, Amazon and Bose. I guess for LUCY it depends whether you believe in the wisdom of crowds and the consumer, plus driving towards cash generation. ReVive is a unknown quantity but the increasing volumes of vehicles and tangibility of range anxiety isn't. Guident at 5X is no more fanciful than SALT at 5X (hint: SALT is half way there already). 5X could be far too low for a technology that puts humans in the loop in a rapidly arriving AI/Robotics world.How TEK could arrive at £1.56What if it doesn't? I am not saying it's guaranteed - it's an upside forecast. But at today's 15p a share, the risk/reward of TEK remains such that if even 1 out of the 5 succeed in a meaningful way the pay off could be several times today's share price. All five might succeed is my point.This is not adviceOakThanks for reading The Oak Bloke's Substack! Subscribe for free to receive new posts and support my work.

[mr.oz] 16/2/2024 08:14

But interesting to note, too, that you can STILL buy SALT by buying TEK (who own a large chunk of SALT) at a discount. A very decent 16.66% discount.

Not forgetting that it’s a 16.66% discount plus you get 91% of Guident, 7% of BELL, 40% LUCY and 100% of ReVive all for free.

Why free? Well 15p covers just 83% of the value of the Microsalt shares since TEK own 76% of SALT

[cheshire] 16/2/2024 08:08

https://open.substack.com/pub/theoakbloke?r=37v88n&utm_medium=ios

[buywell3] 16/2/2024 00:44

---- Guident now supplies some hardware to go along with their SaaS offering ----


Ref:

" By working together, the groundbreaking MiCa shuttle will now incorporate Guident's teleoperation solution, further enhancing its safety and Auve Tech's leading, self-driving technology.

For each vehicle outfitted with Guident's technology there will be a HARDWARE fee and a recurring license fee."





IMO this is as a result of the latest patents awarded to Guident

“Systems and Methods for Remote Monitoring of a Vehicle, Robot, or Drone.”

This new patent teaches the architecture and methods for near real-time, intelligent monitoring and controlling autonomous vehicles (AVs) and delivery devices fleets.

The teleoperation architecture includes a novel in-vehicle intelligent monitoring and controlling "DEVICE" that predicts, detects, and reports incidents to a Remote Monitor and Control Center (RMCC) and provides real-time assistance services to passengers. A human-in-the-loop supervises the AI applications in this novel architecture, enhancing the safety of autonomous vehicles, robots, and drones.






Tekcapital investee Guident awarded AI software patent







IMO Guident are having these "Devices" made for them and then configuring them via the cloud after they have been installed by the shuttle manufacturer.


Refer:

9. A method, comprising:

providing a remote monitoring control device including a processor;

configuring the remote monitoring control device to communicate with a remote monitoring control center;

configuring the remote monitoring control device to communicate with one or more collection devices including sensors and cameras disposed at each of a plurality of autonomous devices;

receiving collected data from the one or more collection devices;
processing the collected data;

transferring the processed data to the remote monitoring control center when the plurality of autonomous devices are autonomously operating without control by the remote monitoring control center;

training artificial intelligence as a function of the processed data;
determining an incident risk level of the plurality of autonomous devices operating without control by the remote monitoring control center based on the artificial intelligence; and

transferring control of at least one of the plurality of autonomous devices to the remote monitoring control center based on the incident risk level.

dyor


buywell wonders if Guident also has any input regarding the type of shuttle antenna/cabling --- must be good enough for 5G ground based communications ( private and public AND Satellite communications

[buywell3] 15/2/2024 21:38

The CEO of Guident actually talks about the 'Automatic Switching ' between the 3 types of Networks on this video




So Guident SaaS is already able to offer what is IMO the ultimate connectivity solution to ensure the safest operation of level 4 autonomous vehicles


The only other requirement is back up supplies at RMCC's in the event of mains failure

Boldly Inc. will imo already have this covered by both automatic generators and back up batteries with inverters ie two systems.

dyor

[mr.oz] 15/2/2024 20:56

Great work again, b.w.

It's very joined up thinking by Guident. Excellent prospects here imv