View Full Version : Bai - being ai limited
NeverQuestion
02-04-2024, 05:10 PM
I have a fantastic feeling about this one.
Reverse take over and name change was everything.. Cashing in on the AI hype train :P
Sideshow Bob
02-04-2024, 07:33 PM
I have a fantastic feeling about this one.
Reverse take over and name change was everything.. Cashing in on the AI hype train :P
Add to that the 1.868 billion shares on issue and the track record of some of the main promoters…..
winner69
02-04-2024, 08:08 PM
Add to that the 1.868 billion shares on issue and the track record of some of the main promoters…..
Cynics would say the 'cashing in' has already happened
Cynics would say the 'cashing in' has already happened
How do the forward figures look ?
the SP might be on the AI autopilot .. don't forget to watch carefully in case it abruptly stops & tips a few small
outfits upside down.
Still waiting to see if we see a rapid ascent to a lofty 9c on another small NZX listed skeleton from better days .. the fish heads have been poking in the dust forever for turbo boost particles to encourage onboard.. then maybe some Chinese whispers mysteriously appear and Bob's your uncle :)
think Bob's on the money BTW
Dont forget .. the man at the top of page say "Never Question" ..
winner69
03-04-2024, 07:53 AM
Add to that the 1.868 billion shares on issue and the track record of some of the main promoters…..
But this couldveasy be the really big one Bob …..and we’d look back and say if only
Sideshow Bob
03-04-2024, 08:04 AM
But this couldveasy be the really big one Bob …..and we’d look back and say if only
Indeed, it could well be THE BIG one W69. Well, it has AI in its name!
Market cap of $46m already.......to the moon!!
Sideshow Bob
03-04-2024, 10:26 AM
Update.....already up 20% this morning!!
That's another $10m on the market cap.
That's good!! :cool:
this is the background if anyone else was confused with where this company came from etc
https://www.nzx.com/announcements/423210
The directors of Ascension Capital Limited (NZX: ACE) advise that ACE has reached conditional agreement to acquire several businesses to be collectively branded “Being AI” (Being AI), a diversified artificial intelligence services, development and investment business that has recently been launched, together with two developed business enterprises (Transaction).
TRANSACTION STRUCTURE
The Transaction agreed between the parties’ values:
- The Being AI portfolio of early-stage and developed businesses at $45 million on completion date, together with a further adjustment of that purchase price via an “earn in” mechanism of up to a maximum of $35 million. The earn-in mechanism is linked to market performance of ACE’s share price post completion; and
- the listed shell of ACE at ~$1.7 million.
On completion of the Transaction:
- the vendors of the Being AI business assets would be issued 1,800,000,000 fully paid ordinary shares at an issue price of NZ$0.025 per share as consideration for the purchase of the shares in the various Being AI businesses.
- It is anticipated that the majority of the indebtedness of ACE as at completion date would be capitalised into new ACE shares at an issue price of NZ$0.025 per share.
- ACE would undertake a capital raising to raise new capital to fund the growth of the AI Consultancy, Ventures and Labs divisions. Due to the regulatory framework in New Zealand, the capital raising would be restricted to wholesale investors (as defined in the Financial Markets Conduct Act 2013).
- Share Option grants will be allocated for up to 132 million shares for current and future staff. The initial grants will be set at NZ$0.025 per option.
SHAREHOLDER APPROVAL AND TIMING
The Transaction is subject to approval by the shareholders of ACE under the NZX Listing Rules and the Takeovers Code. ACE expects to send information to shareholders before the end of February 2024, to enable them to vote on the Transaction at a shareholders’ meeting in March 2024.
The information made available to shareholders will include a listing profile of Being AI and an independent adviser report prepared to comply with requirements of the Takeovers Code and Takeovers Panel’s guidance.
Subject to the appropriate approvals, the completion date is expected to be within one week of the date of the shareholders meeting. At this time ACE would change its name to “Being AI Limited” and its ticker code to ‘BAI’.
The Board of ACE, post completion of the Transaction, will consist of two founders of the various Being AI businesses – David McDonald and Katherine Allsopp-Smith (alternate Evan Christian). Sean Joyce, current director of the ACE will remain on the Board going forward. In addition, there will be two independent directors appointed.
SUSPENSION OF TRADING IN ACE SHARES PENDING THE RELEASE OF THE NOTICE OF MEETING AND PROFILE TO THE MARKET
The Transaction constitutes a reverse listing which, in accordance with NZ RegCo’s usual practice, triggers a suspension of quotation of ACE shares.
ACE would plan to seek a release of the suspension once ACE has released the Notice of Meeting and Listing Profile relating to the Transaction to the market. This process is as contemplated by the NZ RegCo Guidance Notice on Reverse Listings, and is designed to ensure that the shares in an Issuer can only be traded where the market is fully informed about all material aspects of a potential acquisition, in the context of a reverse listing Transaction.
Sideshow Bob
03-04-2024, 04:21 PM
Now 5c, doubled today....!!
Now worth $93m.
The trains away!! :eek2:
winner69
03-04-2024, 04:27 PM
Now 5c, doubled today....!!
Now worth $93m.
The trains away!! :eek2:
Goodveh Bob
Wonder whose feeding the frenzy?
winner69
04-04-2024, 08:45 AM
Bob ..reckon another 2.5 cents today to get to7.5 ..or all way to 10?
Sideshow Bob
04-04-2024, 08:53 AM
Goodveh Bob
Wonder whose feeding the frenzy?
There is your answer W69......
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BAI/429008/416127.pdf
carrom74
04-04-2024, 08:53 AM
Goodveh Bob
Wonder whose feeding the frenzy?
Shareseis Club.IMO
Sideshow Bob
04-04-2024, 08:55 AM
Bob ..reckon another 2.5 cents today to get to7.5 ..or all way to 10?
I'd say double then double again......10c for sure*
To da moon!!
* Don't listen to muppets on the internet. DYOR....!!
winner69
04-04-2024, 09:10 AM
There is your answer W69......
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BAI/429008/416127.pdf
They didn’t hang around for long did they
But numbers dontvseem to make sense
whatsup
04-04-2024, 09:27 AM
Very interesting time atm considering when BAi was TRS ( before it collapsed into dust ) and the dotcom rumour was in play it was a BILLION dollar company !!
Toddy
04-04-2024, 01:42 PM
You guys are always saying to do your own research.
I've tried and failed on this one. Dr Google has just confused me even more.
Will definitely be up for the NZX listing of the year prize.
Charlie
04-04-2024, 01:48 PM
https://www.youtube.com/watch?v=goOm6kOYsXo
some info
Toddy
04-04-2024, 02:24 PM
Thanks. Interesting and a hard watch if you like facts and numbers.
I'm sure that they will do well.
I'm more than comfortable having my AI exposure through Ift data centres and One NZ, who are probably building teams offering AI services at source.
Start ups always suck capital, and I would imagine even more capital in the IT sector as wages are not cheap.
Haven't looked at the details, but staff get chunks of stock once the sp has increased 600 percent. Yes, sp, not capital valuation.
Goodluck and be careful out there.
whatsup
04-04-2024, 03:47 PM
https://www.youtube.com/watch?v=goOm6kOYsXo
some info
Charlie, based on listening to this utube I would say this is very fully priced ATM at 55 MIL !!
They are only bringing " some " ideas to the market , but have set a very high bar for themselves , lets hope they make this before they approach current S Hers for more capital.
Just my 10 cents worth from someone who has followed the promotors of this relaunch without too much success ( so far ) .
percy
04-04-2024, 04:16 PM
Charlie, based on listening to this utube I would say this is very fully priced ATM at 55 MIL !!
They are only bringing " some " ideas to the market , but have set a very high bar for themselves , lets hope they make this before they approach current S Hers for more capital.
Just my 10 cents worth from someone who has followed the promotors of this relaunch without too much success ( so far ) .
1,868,018,828 shares on issue.
At 7 cents the market cap is $130.761 mil.
winner69
04-04-2024, 04:59 PM
NZX says punters should read this
https://nzx-prod-c84t3un4.s3-ap-southeast-2.amazonaws.com/documents/companies/bai/Being_AI_-_Independent_Appraisal_Report.pdf
But not worry as in context of current share price the report is very much out of date
Whatsup mentioned 10 cents worth …be there soon mate 🧉
Toddy
04-04-2024, 05:44 PM
NZX says punters should read this
https://nzx-prod-c84t3un4.s3-ap-southeast-2.amazonaws.com/documents/companies/bai/Being_AI_-_Independent_Appraisal_Report.pdf
But not worry as in context of current share price the report is very much out of date
Whatsup mentioned 19 cents worth …be there soon mate
No wonder the guy in the video when asked about the Financials just relied 'all the stuff is on the NZX website'.
Document of the year.
whatsup
04-04-2024, 09:18 PM
NZX says punters should read this
https://nzx-prod-c84t3un4.s3-ap-southeast-2.amazonaws.com/documents/companies/bai/Being_AI_-_Independent_Appraisal_Report.pdf
But not worry as in context of current share price the report is very much out of date
Whatsup mentioned 19 cents worth …be there soon mate
Good luck with the reading Sharetraders, I struggled through 88 pages until I found the 89th !
TRADE WITH CAUTION
NZ RegCo urges investor and potential investors to exercise caution when dealing in the shares of Being AI Limited (BAI).
The share price of BAI has risen from $0.017 on 2 April 2024 to $0.075 currently.
On 4 April 2024, NZ RegCo Surveillance issued an Issuer Price Enquiry to BAI asking it to confirm that it was not in possession of any material information which had not been disclosed to the market, and that it remained in compliance with the continuous disclosure provisions of the NZX Listing Rules. BAI confirmed that it remained in compliance with these listing rules.
BAI listed on 2 April 2024, following a reverse listing transaction. Under that transaction, the Being AI group of companies was acquired by Ascension Capital Limited (ACE) following shareholder approval on 28 March 2024.
The acquisition of the Being AI group of businesses was undertaken at a valuation equivalent to $0.025 per share.
The independent appraisal report published on that transaction concluded that, when the transaction was viewed as a whole, the terms and conditions of the transaction were fair to the independent ACE shareholders. NZ RegCo notes that assessment included the profile and valuation of the Being AI group businesses being acquired.
Investors are strongly urged to access and consider the information relevant to the recent reverse listing transaction of BAI, in support of any investment decisions. That information includes the listing profile of the Being AI Group, and the independent appraisal report. That information can be accessed at: https://www.nzx.com/companies/BAI/documents
carrom74
05-04-2024, 01:29 PM
Looks like NZX is more worried. And is requesting the punters to exercise caution. Just wondering… was this type of an announcement ever posted on NZX before?
Looks like NZX is more worried. And is requesting the punters to exercise caution. Just wondering… was this type of an announcement ever posted on NZX before?
i havnt seen it before but havnt been around that long. Good on NZX for saying something before more people get burned on this pump n dump
whatsup
05-04-2024, 01:53 PM
i havnt seen it before but havnt been around that long. Good on NZX for saying something before more people get burned on this pump n dump
Dont think that this is a pump and dump at all , just the sharies newbys buying before they miss out on a business model that they possible dont understand, I wonder how many of them have read the 89 page heads up thats available to all wantabees ?
Toddy
05-04-2024, 02:33 PM
NZX is scared because they don't understand the 89 page document either.
Charlie
05-04-2024, 04:45 PM
Group with a Hong Kong office withe the same name ...beingAI
NZX is scared because they don't understand the 89 page document either.
Cripes - NZX issuing a Warning to Punters be careful in case they get badly QEX'ed ? ;)
Have they worked out what went wrong with QEX yet or too difficult & run away ?
WTF has got into NZ Reg of late ? ;)
If they cast their beady eyes around the other NZX listings they might find more lifeless skeletons
of shell companies making gurgling noises about reinventing themselves :)
https://www.nzx.com/instruments/BAI
$0.055
-$0.015 / -21.43%
Guess that nicely stuffed the weekend dreams for some ..
Who was that fellow who had a keen interest in Listed Shell puppets that go mysteriously up & down again ? ;)
Wonder if there are any other recycled shell puppets in the box ready to perform similar miracles ? ;)
Toddy
05-04-2024, 05:47 PM
https://www.nzx.com/instruments/BAI
$0.055
-$0.015 / -21.43%
Guess that nicely stuffed the weekend dreams for some ..
Who was that fellow who had a keen interest in Listed Shell puppets that go mysteriously up & down again ? ;)
Wonder if there are any other recycled shell puppets in the box ready to perform similar miracles ? ;)
Eric Watson.
Long Island Ice Tea became Block chain. Something like that.
Brilliant marketing.
Eric Watson.
Long Island Ice Tea became Block chain. Something like that.
Brilliant marketing.
Where is he now ? .. after partying in a British Jail, having an Aussie mate try to claim there was
a huge Coal deal made that his business partner knew nothing about, then having to suffer from
the distant colder parts of his Actress partner's snowy Baltic estate seeing the Kiwi Taxman nail his
miserable butt to the wall in NZ Bankruptcy courts ;)
What a way for Erik the Great to depart from the halls of NZ Business Big Noter's list of achievers :)
How did the marketing with Bendon go ? ;)
Guess he left all including the SEC sitting counting the empty cups ..
Now here's an AI Start-up that's bound to be a ripping success:
https://www.nzherald.co.nz/business/ex-bell-gully-solicitor-raises-8m-for-his-legal-ai-start-up-but-can-you-trust-a-robot-lawyer/CRH5DE5VL5HOTHVWMJUPX5IEF4/
Ex-Bell Gully solicitor raises $8m for his legal AI start-up - but can you trust a robot lawyer?
It's NZH Premium class .. but all the same bound to be a little ripper - Nothing like joining in for a larger party :)
No bull dust on this start up - already flying off the starting blocks ..
GTM 3442
06-04-2024, 08:23 AM
Now here's an AI Start-up that's bound to be a ripping success:
https://www.nzherald.co.nz/business/ex-bell-gully-solicitor-raises-8m-for-his-legal-ai-start-up-but-can-you-trust-a-robot-lawyer/CRH5DE5VL5HOTHVWMJUPX5IEF4/
Ex-Bell Gully solicitor raises $8m for his legal AI start-up - but can you trust a robot lawyer?
It's NZH Premium class .. but all the same bound to be a little ripper - Nothing like joining in for a larger party :)
No bull dust on this start up - already flying off the starting blocks ..
Well history has a few suggestions about trusting human lawyers. . . so yeah, maybe
Toddy
08-04-2024, 03:54 PM
I think we can conclude that the crowd that invest in such ventures are the same crowd that never read anything that the NZX publishes.
winner69
08-04-2024, 06:59 PM
Share price on way back up
Market cap $120m ..not bad for a legacy mail services business with a small school attached …….but with aspirations of actually some AÍ stuff ..one day
Guys from Clare Capital recalled the time that Long Island Iced Tea Corp, a beverages manufacturer, renaming themselves Long Blockchain Corp to capitalise on crypto tailwinds (which got them a share price lift of 350%+)
Charlie
08-04-2024, 08:00 PM
I,m up 66.5%. Haha:t_up:
Dont mock, its just a bit of extra cash for fun. I was going to sell some yesterday but got my FIN wrong so it got rejected, and I decided just to leave it.
I,m up 66.5%. Haha:t_up:
Dont mock, its just a bit of extra cash for fun. I was going to sell some yesterday but got my FIN wrong so it got rejected, and I decided just to leave it.
Been onboard long ?
This shell has a lengthy chequered history I believe:
Here's an earlier thread:
https://www.sharetrader.co.nz/showthread.php?8222-TRS-any-ideas/page4
Way back this Shell was the old TRS / Ecademy Holdings one of two in-specie distributions out of Heritage Gold (Now New Talisman Gold NTL)
Failed E-Learning outfit - then put into Caretaker mode
it became TRS first, then ACE during the caretaker process - large consolidation / share cancellation
The caretakers had fun & games converting loans into more large bundles of scrip along the way
The Aussies & Chinese got to have a play.
Someone was advertising giving away shares in one of the Auckland papers I recollect .. all of a sudden small parcels were gifted to any who showed an interest mysteriously appearing on Registry statements out of the blue, only to be watered down by a later large cancellation.
At the end of the exercise - I had a lonely lamp post or two left .. which also promptly got cancelled somewhere along the line :)
The trajectory had been so good back then - there was only one place for any Cap Raise propaganda
The share consolidations / Cap raises and other footwork along the way has most likely washed all but the most stubborn, blind & determined of any original holders well & truly off the share register by now.
Would I consider a third entry into this bucket of bolts now repointed in a different direction all over ? ;)
It didn't take any AI to quickly locate some of the past history on here ..
When are they going to list NZ's entry in the nuclear fusion race? Fits inside a room whereas overseas efforts resemble a construction site.
Toddy
09-04-2024, 10:57 AM
This takeover of VET and it's 15 staff will be interesting.
Presumably will be based on stock and stock options.
Settlement date 12 April.
So, the valuation of stock issued will have to be based on the current BAI market stock price.
Or will they do another insiders deal and say that terms and conditions were agreed pre date at 2.5 cps etc
Toddy
09-04-2024, 01:40 PM
Is the nzx going to let this carry on.
Charlie
09-04-2024, 02:08 PM
[QUOTE=nztx;1047492]Been onboard long ?
This shell has a lengthy chequered history I believe:
Here's an earlier thread:
https://www.sharetrader.co.nz/showthread.php?8222-TRS-any-ideas/page4
Way back this Shell was the old TRS / Ecademy Holdings one of two in-specie distributions out of Heritage Gold (Now New Talisman Gold NTL)
Failed E-Learning outfit - then put into Caretaker mode
it became TRS first, then ACE during the caretaker process - .
...........
I had some in TRS/ACE, THAT WENT TO NOTHING.
Bought some a few days ago. Just pocket money. Nothing serious.
[QUOTE=nztx;1047492]Been onboard long ?
This shell has a lengthy chequered history I believe:
Here's an earlier thread:
https://www.sharetrader.co.nz/showthread.php?8222-TRS-any-ideas/page4
Way back this Shell was the old TRS / Ecademy Holdings one of two in-specie distributions out of Heritage Gold (Now New Talisman Gold NTL)
Failed E-Learning outfit - then put into Caretaker mode
it became TRS first, then ACE during the caretaker process - .
...........
I had some in TRS/ACE, THAT WENT TO NOTHING.
Bought some a few days ago. Just pocket money. Nothing serious.
cant fail......not with a retired polly running the show. Tui joke?
Toddy
09-04-2024, 03:15 PM
Well I called one of my kids this morning asking him to change to a real broker account as I'm not comfortable with his University Grants going into Sharesis. Or any NZX Companies for that matter. I said I would cover any NZX exposure.
whatsup
09-04-2024, 04:22 PM
Someone is pushing up the buy side ever so cunningly this afternoon and so far they are achieving higher sales from the poor unsuspecting purchasers.
Toddy
09-04-2024, 05:01 PM
Wild west.
winner69
09-04-2024, 05:23 PM
Made an acquisition …announced yesterday …no wonder share price on fire today
Toddy
09-04-2024, 05:41 PM
Yep, increased their revenue by 3000 percent. So shares should go up 3000 percent too.
winner69
09-04-2024, 06:01 PM
Someone is pushing up the buy side ever so cunningly this afternoon and so far they are achieving higher sales from the poor unsuspecting purchasers.
A masterclass in how to feed the keen ones
NZ Reg going to eat their words & throw a book of speeding tickets soon .. or are they hiding under the desk ? ;)
The eager punters have probably decided that the last target for attention - BGI not worthy of further attention, but nevertheless in a hurry it went up well north on a Chinese whisper and then where ? ;)
Charlie
09-04-2024, 07:43 PM
Well $113000 of trades is a reasonable amount for a wim.
one buyer wants $33k of shares.
800k on the buy and 25k on the sell.
What a week, !
lt reminds me of the story about Tulips in Holland .
winner69
10-04-2024, 02:57 PM
Market cap over $200m already
It’ll be in the NZX50 later in year :scared::eek2:
whatsup
10-04-2024, 03:12 PM
Market cap over $200m already
It’ll be in the NZX50 later in year :scared::eek2:
Unless its not ,IMHO very confusing buy side atm, nzx should be looking into this controlled market, a very strange situation if you ask me,
Charlie
10-04-2024, 09:47 PM
Sold out at 171% profit. :t_up:
NeverQuestion
13-04-2024, 08:05 AM
Full Disclaimer here. I actually hold very little shares. Less than 1k! (Was a shock to me also)
And purely because I was a holder before the reverse take over :)
So many parallels with this video. The mythbusters team see if they can actually polish a turd.
https://www.youtube.com/watch?v=yiJ9fy1qSFI
whatsup
16-04-2024, 04:07 PM
I wonder where she will settle after such a stellar start ?
I wonder where she will settle after such a stellar start ?
I am going under 5 cents
whatsup
16-04-2024, 05:13 PM
I am going under 5 cents
Yes, I guess double the funding price is about it for now, Id love to know where the listing pump came from, it couldnt all be from sharsies could it
Went to the M2 AI Summit last week and saw one of the executive directors from Being speak/give a demo, very impressive vision and provided they can market effectively, could do very well in New Zealand market. Great opportunity for them to have presented to 500ish c-level/directors. I have started building a small position
Sideshow Bob
30-05-2024, 08:04 PM
https://www.nzx.com/announcements/432066
Financial Performance Summary
During FY 2024, BAI:
• generated revenues of $40.52 million.
• achieved a 23% increase in operating EBITDA to $2.97 million.
• generated a $1.069 million net loss after tax, which loss included the accounting treatment of the reverse takeover transaction (“RTO”) – a $1.69 million share-based expense.
Explanation of Financial Performance and Financial Results
As a RTO into a non-trading shell company, the accounting rules under NZ GAAP require the difference between the fair value of the consideration paid to purchase the listed shell company (through the transfer of shares) plus the net liabilities acquired, to be expensed as a share-based payment.
As part of the RTO, the Company acquired 100% of Being Consultants and its 100% owned subsidiaries, Being Labs Limited and Being Ventures Limited. The Company paid an initial $5 million to acquire the shares in Being Consultants settled through the issue of shares. In addition, the vendors of Being Consultants were given a right to further ‘earn-in’ shares based on the Company’s share price achieving certain milestones over the next three years. The liability for the future payment of these earn-in shares is recognised at its fair value at balance date and has been valued at $5.6 million by an independent valuer. Because Being Consultants has no trading history the valuation has been based on industry metrics from similar Nasdaq and ASX listed small cap businesses.
The Group has total assets of $37.3 million and $3.8 million in equity. The RTO valued Send Global at $25 million and AGE at $15 million. Because of the accounting rules this value is not reflected in the Group’s balance sheet. If it were, total assets would be $78million and equity would be $44.8 million.
Dividend Policy
The Company has no current plans to pay dividends. In the medium term, the opportunities for growth in the business are expected to be the priority for any surplus funds. The Board will review the dividend policy as revenue and cashflows allow.
Major Highlights for FY 2024
The major development for FY 2024 was obviously the completion of the RTO of the Company (previously named Ascension Capital Limited). As part of the RTO, the Company:
• acquired Being Consultants Limited, which company in turns owns Being Labs Limited and Being Ventures Limited – which companies are discussed in depth below.
• acquired Send Global Limited, a logistics, courier, business mail and filing company operating nationally from its headquarters in Auckland.
• acquired AGE Limited, which company operates AGE School, located in Takapuna, Auckland.
• issued 1,800,000,000 new shares to satisfy the payment of the purchase price for the above operations, together with a further 46,520,000 new shares to satisfy the repayment of certain liabilities owed by the Company to a shareholder, and present and former directors of the Company.
• appointed new directors David McDonald, Katherine Allsopp-Smith and Joe Jensen to the Board.
• changed its name to Being AI Limited, and its ticker code to “BAI”.
Post balance date developments
Post balance date (31 March 2024), the Company:
• acquired the education assets of Villa Education Trust, including an online school, management rights for two Auckland schools, and a third campus in the Far North.
• increased the depth of its executive team across the Being Consultants and Labs divisions by hiring four new executives in the following roles – Head of Customer Solutions, Emerging technologies Researcher, Head of Technology and Chief Product Officer.
• increased its borrowings with the ANZ by entering into new loan facilities with an aggregate increased facility limit of $7 million, which loans provide the Company with facilities to fund working capital requirements of the Group, and retire historic indebtedness owed by the acquired entities to previous shareholders and their associated interests.
• issued 42,370,000 share options pursuant to the Being AI Employee Share Option Plan to independent directors, contractors and executives of the Group. These share options were issued with a view to retain the services of existing staff, recruit and attract new staff and align the interests of those staff with shareholders of the Company.
In the short time since listing, Being AI has made significant strides in building a strong foundation for future growth. The merging of Being Group, AGE School and Send Global, along with the acquisition of Villa Education Trust, sets the group up to leverage AI and emerging technologies to transform these industries.
We have assembled a world-class team with deep AI expertise, established our Labs team, and initiated multiple deep AI tech research projects. We have built a robust pipeline for both our consulting business and venture investments. These milestones are proving the model set out in our listing profile to the market.
Transforming Logistics and Education
The integration of AGE School and Send Global positions Being AI to drive significant transformation in both the logistics and education sectors.
Send Global along with the whole freight and logistics sector stands to benefit greatly from AI-driven innovations. With advancements in AI, we can enhance operational efficiencies, optimise supply chain management, improve last-mile delivery processes, customer transparency and satisfaction. AI can also provide predictive analytics for inventory management and demand forecasting, companies willing to adopt these changes will see significant competitive edge in the market.
Villa Education Trust, with its innovative online school, enhances our position in the education sector, particularly with the New Zealand government's upcoming Charter School initiatives. Furthermore, AGE School's advanced educational model, a beacon for the education industry, aims to make cutting-edge education accessible to more New Zealand children. This model not only focuses on academic excellence but also nurtures creativity, critical thinking, and a passion for lifelong learning.
We are also pleased to welcome Karen van Gemerden as our General Manager of Education. Karen brings extensive experience in the education industry, having been instrumental in the establishment of New Zealand's first Charter Schools. Her leadership and deep understanding of the educational landscape will be invaluable as we expand our educational initiatives and bring AGE School's innovative approach to a broader audience.
Our Commitment to Innovation
With strong leadership provided by Dr. Nicolas Fourrier, the early establishment of our Labs team and the launch of several R&D projects in AI technologies are already yielding promising results. We are excited about the potential impact these advancements will have on our clients and investee companies. Our team’s expertise and the strategic initiatives we have underway are crucial to our long-term success.
In addition to these operational milestones, we have begun integrating shared services for our new acquisitions, including finance, operations, and marketing, ensuring seamless operations and synergies across the group.
Looking Ahead
Being AI is focused on expanding its market presence and exploring new geographic and sectoral opportunities. Our strategic goal is to lead in AI and AI-enabled industry transformation, reshaping industries through smart investments and innovative emerging technologies. We are confident in our ability to drive value for our shareholders and stakeholders as we move forward.
Our Team and Governance
Our board, comprising experienced leaders Sean Joyce, Joe Jensen, Roger Gower and Katherine Allsopp-Smith, provides valuable expertise to guide our strategic direction. The senior management team, including Nyssa Waters, Dr. Nicolas Fourrier, Paul Shale, Mike Dunshea, Erin Zink, Karen van Gemerden and Paul Forno are driving our operational excellence and innovation.
We adhere to robust governance practices, in line with the NZX Corporate Governance Code, ensuring transparency and accountability in all our operations.
Closing Thoughts
We remain dedicated to our growth strategy, focusing on innovation and strategic investments, and we look forward to sharing our journey in this regard with our shareholders.
winner69
10-06-2024, 09:01 AM
Co-investing in a new venture
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BAI/432507/420422.pdf
Will BAI share price be 10 cents again in near future?
Co-investing in a new venture
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BAI/432507/420422.pdf
Will BAI share price be 10 cents again in near future?
David Macdonald is a smart smart man, in the near future? Who knows, not important, this is a long term investment for me and I believe will be a successful NZ Tech exporter
Toddy
02-07-2024, 12:59 PM
Alarm bells ringing when management have time on their hands to take financial commentators to court?
Surely any good business focuses on the task at hand and ignores the media.
Alarm bells ringing when management have time on their hands to take financial commentators to court?
Surely any good business focuses on the task at hand and ignores the media.
They're defending against a research report issued by Clare Capital, I wouldn't exactly call that financial commentators/the media?
winner69
02-07-2024, 01:52 PM
Alarm bells ringing when management have time on their hands to take financial commentators to court?
Surely any good business focuses on the task at hand and ignores the media.
Must have been this bit that upset Joyce and co - Being AI may grow into a successful AI business - but as it currently stands, it’s a legacy mail services business with a small school attached.” (NZ Herald)
Suppose he could sue NZXRegCo as well for the trade with caution notice
whatsup
02-07-2024, 02:03 PM
Must have been this bit that upset Joyce and co - Being AI may grow into a successful AI business - but as it currently stands, it’s a legacy mail services business with a small school attached.” (NZ Herald)
Suppose he could sue NZXRegCo as well for the trade with caution notice
IMHO, especially when they were issued millions & millions of shares , for what as yet ?
Toddy
25-07-2024, 07:02 PM
How fast are the revenue streams growing at BAI.
winner69
12-08-2024, 05:35 PM
BAI close 3.1 cents today
Hard to believe was 11 cents not that long ago
Maybe that Clare Capital comment had some merit
But BAI could still be a big winner …one never knows
Balance
12-08-2024, 05:41 PM
BAI close 3.1 cents today
Hard to believe was 11 cents not that long ago
Maybe that Clare Capital comment had some merit
But BAI could still be a big winner …one never knows
All the more reason for BAI to go ahead with the libel case against Clare?
All quiet though on that front from BAI.
Wonder who sold into the spiking sp.
SCOTTY
12-08-2024, 07:00 PM
Still capitalises @ $57.9m !!
Toddy
12-08-2024, 08:45 PM
Still capitalises @ $57.9m !!
Shareholders have cleaned up with this stock. Management have created $57m of value with mergers and acquisitions.
billkiapi
14-08-2024, 03:23 PM
Cannot imagine they would risk public loss to chase Clare unless there was something in it. From what I hear, it may be time for the laundry to be aired
Toddy
14-08-2024, 04:18 PM
Cannot imagine they would risk public loss to chase Clare unless there was something in it. From what I hear, it may be time for the laundry to be aired
It's called EGO.
Up 120% this week with bids chasing the price all the way up... leaky ship or market exuberance?
blackcap
22-08-2024, 03:13 PM
Up 120% this week with bids chasing the price all the way up... leaky ship or market exuberance?
It is very tightly held with the top 4 shareholders holding 97% (or thereabouts) of shares on issue. So there are liquidity issues.
It is very tightly held with the top 4 shareholders holding 97% (or thereabouts) of shares on issue. So there are liquidity issues.
Someone or some persons trying to build a position and happy to increase the price 140% to do so, a sign of some news to come? Odd price behavior after trending from 11c down to 3c over 6 months
Sideshow Bob
30-08-2024, 02:00 PM
10 Bagger!!
https://www.nzx.com/announcements/437242
Being AI Limited (NZX: BAI) has advised a consolidation of 10 shares into 1 as at 5pm Friday 6 September 2024, with the consolidated shares trading from 8am on Monday 9 September 2024.
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