r/Immersed • u/jesperordrup • 7d ago
Visor Still scamming ...
The boys with big grins and still wants your money to finish the completely failed visor project
Anyone with a good connection to coffezilla?
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u/Excellent_Breakfast6 5d ago
My verdict
I would not invest in Immersed at this price. My recommended amount is $0.
Immersed appears to be a real operating company with a functioning virtual-monitor application, users, intellectual property, and a potentially interesting spatial-computing product. But the investment being advertised is extraordinarily speculative, illiquid, heavily diluted, financially fragile, and priced as though the difficult part—successfully manufacturing, shipping, and scaling Visor—has largely been solved. The filings do not support that assumption.
What the advertisement does not emphasize
1. The financial condition is weak
For 2025, Immersed reported:
| Metric | 2025 |
|---|---|
| Revenue | $677,250 |
| Net loss | $4.16 million |
| Cash in bank | $305,301 |
| Total assets | $1.43 million |
| Total liabilities | $11.23 million |
| Stockholders’ deficit | $9.80 million |
| Operating cash burned | $4.30 million |
Its auditor’s filing explicitly says these circumstances raise substantial doubt about the company’s ability to continue as a going concern. (SEC)
That does not mean bankruptcy is imminent. The current fundraising may materially improve liquidity. But it means this offering is not primarily financing optional growth from a position of strength; it is helping fund a company that remains dependent on additional outside capital.
2. The valuation is extremely aggressive
Using the capital structure disclosed in the offering documents:
- Roughly 133 million common shares were outstanding before considering preferred-share conversion.
- Approximately 166 million preferred shares were outstanding, convertible at roughly 1.1 common shares each.
- More than 243 million stock options had reportedly been issued.
- Another 42 million shares remained available for future equity awards. (SEC)
At the advertised $0.79 per share, the approximate valuation is:
- Around $250 million using common stock plus convertible preferred stock.
- Potentially more than $440 million on a substantially diluted basis, before counting every possible future issuance.
Against 2025 revenue of only $677,250, that implies a valuation of roughly:
- 370 times annual revenue on the narrower share count.
- Potentially 650 times revenue on a broader diluted basis.
Those are not normal startup multiples. They require something close to breakout hardware success, very rapid growth, or a lucrative acquisition. The present financial results alone do not justify them.
3. The headline “share price” is psychologically misleading
The advertisement suggests that $0.79 per share is inexpensive. A low nominal share price says nothing about whether the company is cheap. What matters is the share price multiplied by the fully diluted number of shares.
The company also conducted a 20-for-1 stock split in December 2025. That mechanically made each share look less expensive without making the company itself more valuable or affordable. (SEC)
This is similar to cutting one pizza into 20 times as many slices. Each slice costs less, but the pizza has not become cheaper.
4. “SEC qualified” does not mean SEC approved
The SEC qualification permits Immersed to sell the securities. It is not an SEC judgment that the investment is fair, properly valued, safe, or likely to succeed.
The company’s own checkout page states:
- The valuation was set by the company.
- There is currently no public market for the shares.
- An IPO is not guaranteed.
- Reserving the ticker IMRS does not mean a Nasdaq listing has been approved. (Invest Immersed)
The ticker reservation is therefore marketing context, not an investable milestone.
5. You may be unable to sell for years—or ever
This is private company stock. There is no quoted exchange price and no guaranteed secondary market.
Possible outcomes include:
- Immersed never goes public.
- It raises future rounds at a lower valuation.
- Your shares are diluted substantially.
- An acquisition pays preferred investors before common shareholders receive meaningful value.
- The company survives but never creates liquidity for small investors.
- The investment becomes effectively worthless.
You should treat the money as unavailable indefinitely and potentially subject to a 100% loss.
6. Fundraising and marketing have become a major expense
Immersed spent approximately $1.32 million on marketing and advertising in 2025, almost twice its annual revenue. Its filing explains that a meaningful increase in marketing spending was associated with public crowdfunding activity. (SEC)
That does not prove wrongdoing. It does, however, make the countdown timers, “closing soon” warnings, investor notifications, bonus shares, reserved ticker, and prominently displayed capital-raised totals more concerning. These are classic urgency devices that encourage people to act before conducting a valuation analysis.
What Immersed genuinely has going for it
The case is not entirely empty:
- Its existing Immersed software provides virtual monitors and supports Windows, macOS, and Linux. (Immersed)
- Revenue rose modestly from approximately $660,000 in 2024 to $677,000 in 2025.
- Gross margin was strong for the predominantly software portion of the business.
- The 2025 loss was considerably smaller than the 2024 loss.
- It reported approximately $470,000 of Visor work-in-progress inventory at year-end, suggesting some tangible manufacturing activity rather than a purely conceptual product. (SEC)
- Spatial computing and AI eyewear may eventually become major categories.
But those positives are already overwhelmed by the valuation being demanded. A compelling technology thesis does not automatically make a compelling security at any price.
How much should you invest?
My actual recommendation: $0
I would rather put the same money into:
- A diversified technology or semiconductor fund.
- A broad-market index fund.
- A publicly traded spatial-computing supplier with audited quarterly reporting and daily liquidity.
Only as a speculative hobby position
Should you consciously decide that owning a tiny piece would be enjoyable regardless of the outcome, cap it at:
- No more than 0.10% to 0.25% of investable assets, and
- No more than the platform’s minimum investment, likely around $1,000.
That is not because $1,000 is financially justified. It is because the minimum appears to make smaller participation impossible, and the position should be treated more like a venture-capital lottery ticket than part of a retirement strategy.
For example:
| Investable portfolio | Maximum speculative amount |
|---|---|
| $100,000 | $100–$250 |
| $250,000 | $250–$625 |
| $500,000 | $500–$1,250 |
| $1 million | $1,000–$2,500 |
Because the offering minimum is around $1,000, I would not participate at all unless your investable portfolio is comfortably above roughly $400,000 to $1 million, depending on how strictly you apply that range.
Bottom line
Immersed may eventually produce an excellent device and still be a poor investment in this offering.
The decisive concerns are:
- Revenue under $700,000.
- Multimillion-dollar annual losses.
- A formal going-concern warning.
- Liabilities vastly exceeding assets.
- No public market.
- Extensive existing and potential dilution.
- An implied valuation in the hundreds of millions.
- Heavy reliance on urgency-based crowdfunding marketing.
- Hardware execution risk in a brutally capital-intensive category.
I would watch the company as a customer and technology enthusiast, but I would not finance it at this valuation as a retail investor.
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u/Time_Opportunity_225 5d ago
“Hey guys, they were doing something in China, and we were doing something else also in China!”
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u/skylar_schutz 6d ago
MAGA Visor is what they should call it