TECC Capital is a new shell that is seeking to buy technology or cannabis businesses. There is a wide list of potential sub-sectors that will be considered. It is broadly a list of the current fashionable sub-sectors.
Management is not seeking a business that is losing significant amounts of money, they want it to be near to cash generation at least. One of the areas that is highlighted is e-commerce.
The directors have been involved in the AIM reversals of Bidstack and BrandShield Systems. One of the residual investments held by BrandShield is a 10.7% stake in WeShop, which has developed an e-commerce platform. This is based on a personalised, interactive social commerce model. Effectively, friends make recommendations to each other.
Other companies with stakes in WeShop include...