InvestorsHub Logo
Followers 2
Posts 177
Boards Moderated 0
Alias Born 03/17/2016

Re: Fido post# 14948

Friday, 12/02/2016 12:35:32 PM

Friday, December 02, 2016 12:35:32 PM

Post# of 26178
What hasn't been mentioned and I could be wrong, was that the 400k left over from the previous round of funding, most likely was provided to begin the development of an infustructure. The left over funding was to be realized as revenue. The only way to recognize it as revenue, would be to have a shell company act in the capacity of purchasing the software. What I didn't expect to hear, was that they have actually been in development of a messaging app(don't quote me on that). So it could easily be two fold. Realized revenue from previous funding left over from building an infrastructure. While also allowing for a company they own, developing a messaging app, too be a test bed and a source of additional revenue.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.