Here is my speculation.
They withdrew the S-1 because they are going to do "something" else.
Since they need money to grow, it can only mean one thing.(to me at least).
They are going to do something on the private side. Not a bad idea in my opinion. On the private side, you just use accredited investors, let them in under the tent, and then they put in the money. (like the capital raise with Don Monaco recently).
With the new pile of money, they will use it to grow the business. We benefit (as long as the capital raise is like Monaco's raise around $2/share to $2.50/share) since the capital raise isn't contingent on a bunch of 'know nothing' individual investors, nor do they have to build a large institutional client base.
When they are ready, I think they will file an S-1 again and uplist.
This is my guess. They could get taken out and bypass all that.
Any other ideas? We will probably see info pretty soon.
I conjecture all of this because I believe Don Monaco, the primary investor, isn't stupid. He probably sees how much money these things take. He has a lot of money in the game. How much money and how many rounds did AirBnB raise to get where they are? And, they are still private! This one is public and could do a private round ala what they just did with Monaco. I for one, am really glad Monaco put in that recent money. It was a vote of confidence. As were the investments by the two new directors. If they do another larger private round with some new investors that want to be part of the big picture, this will be good for us. JHMO..
Let's watch and see! good luck to us! we will need it! This is still quite a speculative investment. We need revenues before I will be confident.
