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SEEEN (SEEN)  return from temporary  suspension with the publication of its March 2024 accounts. Seeen, is transforming through commercializing it’s AI media technology into a higher value and margin business. These accounts show the strains with Revenue declining  to  $2.2m  as non-profitable business  is rejected, a non-cash  $4.2m impairment charge of intangible assets and goodwill for a LBT  of -$5.2m, but with an EBITDA loss of -$0.6m. Admin costs are marginally lower despite increasing the sales team, and the profit margin increased by 50% to 23.4%. As its higher margin Technology sales have doubled while sales decline at  the  lower margin, YouTube Creator Service Provider, CSP, division but its  turning profitable. The sales momentum in both  sector is continuing  as more than $600,000 of annualized new revenues are reported to have been won in Q2.

The  first sales are made into the training market vertical with American Leak Detection as a core customer. The  technology and revenue share partnership with the American 7s Football League® (A7FL) whose  20 million viewers now enjoy  an enriched content  experience while engaging fans directly to purchase merchandise and tickets. The recent funding at 3p raised £0.76m  along with existing cash should be sufficient to achieve break-even on relatively low-ball assumptions

Comment (Jon Lev):  Commercialising video content is a growing sector and with its  own  IP,  improving margins, increasing revenue  and funded to break-even it makes the £3.8m Mkt Cap at 2.35p  look  attractive value.

Incanthera plc (AQSE:INC), the company specially focused on innovative technologies in dermatology and oncology, announce its participation in “The Pub Test” Investor Evening. This event is co-hosted by the Aquis Exchange and InvestorHub and will take place on Wednesday, 17th July 2024 at Samuel Pepys, Stew Ln, London EC4V 3PT, starting at 6:00 PM. The Company’s Chairman, Tim McCarthy, will engage in a fireside conversation designed especially for private investors. This setting offers a unique opportunity for attendees to interact directly with company executives, ask questions, and network with fellow investors. All attendees will have the chance to network over drinks and a buffet.

Comment: Be there or be square. INC is set to finesse its status as one of the top rising Aquis stocks of the year with a “Pub Test.” Interesting that Aquis is joining forces with newbie service provider InvestorHub as the latter has gained traction for companies looking to cement their relationship with shareholders.

Coinsilium Group Limited (AQSE: COIN), the Web3 investor, advisor, and venture builder report that investment portfolio company Greengage Global Holding has released a press release announcing news of its collaboration with global cryptocurrency exchange Coinbase to originate SME debt on the Coinbase Diamond Protocol. Greengage said it was thrilled to partner with Coinbase on this groundbreaking initiative. By originating SME debt on the Coinbase Diamond protocol, it was not only enhancing its ability to support small and medium enterprises but also pioneering new financial innovations that will drive growth and sustainability in this critical sector.

Comment: COIN joins forces with de-banking play Greengage, reminding us that this particular market niche is one that is set to grow considerably.

Blencowe Resources (BRES) reported it has completed a critical step in commercial scale testing, by converting 600 tonnes of in situ raw material into 30 tonnes of graphite concentrate. The 600 tonnes bulk sample conversion was undertaken by Jilin New Technology Graphite Co., a market leader in graphite processing, with results reconfirming the attractive qualities of Orom-Cross graphite. BRES said it has highlighted this bulk sample test requirement as a key component of the Definitive Feasibility Study and it has undergone this process using some of the most experienced graphite producers in the world, and in doing so it has opened some interesting doors for additional value-add strategy.  It will continue to press forward to get to its goal of having tier one offtake agreements in place as soon as possible for all of its end products, which will underline the unique status of Blencowe Resources as a standout graphite producer for the future.

Comment: BRES achieved a major milestone last month with the announcement of first offtake, and today’s news underscores this achievement. Shares of the company should continue to re-rate accordingly.