Thursday, September 07, 2017 2:10:38 PM
Precisely because they have the luxury of doing that.
There's a lot more here than meets the eye. I agree that, near term, the action and revenues will be in construction, cultivation, CBD and don't forget the new cannabis supply division and VitaCig. Investors need to look at software as a long term investment that will take at least one or two years to reach maturity. Patience could provide mCig with some huge revenues and profits in the future.
You use Mass Roots as an example. It simply shows that you can throw a lot of money into an effort without getting the results you want. What Mass Roots doesn't have...
1.) A world class programming team that has demonstrated the ability to produce software (MegaUpload) that is both profitable and scalable to a large enterprise and millions of users. MegaUpload served 50 million users/day on over 6,500 servers and generated over a quarter billion dollars in advertising and subscription revenues.
2.) Multiple applications to attract business and consumers including jobsearch (420Jobsearch.com), scalable email mass marketing software (marketero.com), a well organized news site with links to over two dozen categories of MJ news as well as streaming cannabis and music radio (weedistry.com), MJ sector financial services including credit card processing (tueroprocessing.com/), user engaging applications including a dating service, blogs, games and tokens that can be traded for prizes and products which act to bring users back to the service (420Cloud), integrated shopping services that won't just be limited to MJ products (420 Tienda), a mobile wallet to store cash and, to top things off all apps and websites are accessible from a single sign on.
3,) Synergistic corporate diversification with MJ construction and consulting services, MJ supplies, CBD sales, VitaCig and product sales websites providing profits and revenues while the software division matures as well as being sources for news articles and additional users.
4.) mCig has patents pending on their relevance algorithm and their method for locating and targeting users for ads. They will probably be the first MJ company to incorporate big data technologies in their advertising network. They plan to make their software available to other companies outside the sector for licensing.
From their recent 10-K...
As I said, we're only seeing the tip of the iceberg right now.
Les
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