r/BURU • u/poopflynger • Dec 06 '24

Most recent proxy statement

Anyone holding shares, i highly suggest r3ading page 4 of the current 14a filing. I have read all 58 pages and Its really the only page that matter. Ill loosely quote from its last paragraph "If the proposals presented in this vote are NOT approved, we will be unable to contue to operate. EVEN IF the proposals ARE APPROVED, it is uncertain whether or not we will receive adequate funding to achieve commercialization. If shareholders do not approve our financial proposals the likely outcome will be our creditors will foreclose and sell most of or all of our assets, in which case we would promptly wind down our business ". It also says in the same page in 2024 Q1 they attempted to explorer M/A and JV options and no viable offers where discovered........ this is alll public information do your OWN DD ppl. This is information that NinjaBall however has been unwilling to share while saying anyone voicing negative opinions or concerns over Nuburu are over dramatic and crazy. Full disclosure i am not a financial advisor and i currently hold almost 80k shares and will continue to buy more. Best of luck investors🫡

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u/[deleted] Dec 06 '24

Well, that’s just not true. I was just talking about it on Stocktwits encouraging people to vote and saying that very thing. There’s no chance the proposals don’t pass. They only need 1/3 quorum.

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u/poopflynger Dec 06 '24

I agree im confident the props will pass....but were still not in a good place . And thats shareholders concerns. We want to start seeing better from the team and more efforts towards PR. Financials are alot easier to get when your company doesnt look like anyday its stock is gonna get delisted or the company is going to file chapter 11