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I agree flawed plans and their execution has a poor track record. Have no choice but to stay long with the stake I have not sold off.
Then thank you! Looks like this is building onto a GREAT opportunity for long term holders (and bag-holder pumpers)... seriously... my advice is to be careful and don't let this opportunity get away...
The business model is still totally flawed IMHO... but some big-time gains here for some of you! Congrats!
https://ceo.ca/@accesswire/perk-labs-announces-new-head-of-sales
by @accesswire on 20 Feb 2020, 14:30
Perk Labs Announces New Head of Sales
VANCOUVER, BC / ACCESSWIRE / February 20, 2020 / Perk Labs Inc. (formerly Glance Technologies Inc.) (CSE:GET)(OTCQB:GLNNF)(FSE:GJT) ("Perk Labs" or the "Company"), the parent company of Perk Hero, the all-in-one mobile ordering, payment and customer loyalty platform, is pleased to announce that it has hired Christina Baker as its new Head of Sales. Prior to joining Perk Labs, Christina served as the Regional Vice President, National Accounts, Western Canada at Moneris, Canada's largest financial technology company that specializes in payment processing. While at Moneris, Christina led the Western National sales team to consistently achieve and exceed their annual quotas and the management of a portfolio representing over $23B in card processing and 200+ National Accounts in the region.
What struck me the most is you can link this app to Apple Pay or Google Pay.
Here's what the CEO said; "With all of these options, the consumer can choose to pay with a credit card once it’s added to the Perk Hero app or they can use Apple Pay or Google Pay."
bought six digits today
not snarky at all - congratulatory on your 70K win.
Glance is showing a long term approach. With insider buying, issuing stock to employees that can’t be sold for 2 years, and today announcing and upgraded product, this company looks like they are confident in a long run and share price rise.
when is the r/s coming?
nah, not hot shit... (you trying to be snarky?)... just read some of the BS "Like Paypal and "The New Paypal!!" ads... very early on, got in for pennies... smelled a rat when it got around the $2.00 level. Lucky.
Now, in desperation, a name change... "Perklabs"... "Labs"? WTF?
Hey, everyone should make their own decisions... but until they have a major change in their mega-failed business model... I think this company stinks... and smells of desperation.
PRESS RELEASE: Paid content from ACCESSWIRE
Glance Technologies to Change Name to Perk Labs - Glance Pay to Change Name to Perk Hero
https://apnews.com/ACCESSWIRE/2d9da6ba97f1db89f5748a805dc25bc3
https://medium.com/@perk_labs/a-new-technology-foundation-at-perk-labs-723e575d7a75
Just read this post. Aren't you the hot shit! Good for you!
Great BID in Canada!
Have a nice weekend!
So... Glance is "the place where the best people want to be." Just ask the founder, Desmond!
HaaaaaHaaaaHaaaaHaaaaaaaaaa!!!
Did blueyedguy lose money? I made a large chunk... $70K+... yes, I was lucky to smell a rat and bail early... yes, some pumpers wonder why I still post...
Only to warn new guys not to invest in this dumpster fire of a company (my own opinion only).
If you see something in the business model that you think will mean great incomes and profits in the future... please let me know!
Thanks, bro...
@ all
many here in the forum know me
I started collecting in 2016. In November 2017 I had 150k Glance shares and realized a big profit. I did not sell to the highest levels, unfortunately, but only sold all pieces in March / April 2018.
I have been collecting again for half a year. So far I have brought it to 200k. You can guess what happens three times. I have time ....... a lot of time.
So far, many people have been able to make a lot of money with Glance, others have lost a lot of money with Glance.
This is the only way the stock exchange works not only at Glance.
I wish everyone a happy new year 2020 and good business with a happy hand.
LT - well said
Get stuffed, maggot. I come here once in awhile to warn newbies away from pumper jagoffs like you.
Glance bag-holders are a sad breed... pathetic, really.
Let's go Glance Technologies. You have all the positive in you to be on top of your game as one of the best Fintech out there. Show them all you got. I know you have all the best and right team now. Let's do this Glance!!!
Can't find any news, but nice pickup in volume.
$GLNNF: $0.04 starting to ....... picking up interest
Looking good
Just like $ECCI today
GO $GLNNF
And you, pumper... do YOU have any links backing up AliQueen's BS posts?
Prove it, pumper... or shaddap.
Why do you refuse to post links PROVING that your spew is not total BS???
Glad that you smell it. CEO has been very active buying the stock. This is going to go bananas. Its coming soon.
Where did you get that info? Post your links.
Yahoo Finance, Market Watch... show ZERO insider buying.
https://finance.yahoo.com/quote/GLNNF/insider-transactions/
Yes, I smell it.
Don't you guys smell it. CEO here is buying the company very quietly. He is up for something. Also CTO is getting compensated by the stock. He is up for the challenge. Working on a huge deal.
Most newbies do not look at Glance's PR's or filings. Which is too bad.
Also too bad is the moderator deleting my messages for no reason, other than to support the pumpers...
Hi Lao!
Come on, everyone can make his own opinion.
All filings can be viewed by everyone. There is nothing to hide!
Caerus, your are poorly named... there is no luck or opportunity in this hot mess of a company.
Tell us all what you think are the most compelling parts of the Glance business model and what has changed with the new "team" coming in. Do you think today's massive (LOL) vol... amounting to around a tiny $60,000 in trades... is some kind of bonanza?
You compare Glance's business model to Apple, Netflix, Amazon, Facebook? Please explain, how Glance is even close... and how Glance will generate comparable gross revenues... your statement appears to be laughable and ludicrous... no offense!
No, Cupcake, I won't be quiet...
I only come here once in awhile to try to protect newbies from putting their cash into this dumpster fire.
YOU don't mind me voicing my opinion, do you?
Looks like the latest "PR" scam roped in some new schlubs... you one of them?
Should have white label this from the beginning. Lotta mid-size companies need this type of technology.
Looking forward to seeing this move forward here in the U.S.
Good stuff coming.
Lao, to all your cynicism about Glance having a "fatally flawed business model", I've been around this business long enough to have heard those same words about Apple, Netflix, Amazon, Facebook, and countless others that are doing just fine. There are no guarantees, but this team is superior to the previous group and definitely on the right track to give Glance the most opportunity.
Big One Day Run afoot. Back under .04 tomorrow!
Shareholder letter:
Lots of smoke (BS)... little or no FIRE.
Glance has a fatally flawed business model, period... OBVIOUSLY.
Headed towards a BK... IMO.
Letter to shareholders!
VANCOUVER, British Columbia, Oct. 10, 2019 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (“Glance” or the “Company”) (CSE:GET) (GLNNF) (GJT) is the owner of Glance Pay®, a mobile payments and digital loyalty platform.
Dear Shareholders:
This is my first letter to you as Interim CEO of our Company.
I would like to take this opportunity to update you on the current status of Glance and also have this letter serve as a document you can use as a reference for how we plan to move Glance forward over the next six to twelve months. We recently set clear goals and measures to drive progress toward achieving those goals in a short period of time. Progress always involves risks. As the saying goes, you can't steal second base and keep your foot on first. It is my hope that with your support we can achieve a home run.
Our plans are ambitious but the lean and nimble team we have today is focused on delivering on our key priorities. We are working diligently to catapult Glance to the next stage of growth, and we will need your support and patience as we execute our plans. In this letter, I’ll walk you through the actions we are taking to improve our financial position and strengthen our business.
Research and Development
We have been conducting quantitative and qualitative market research through external research, end user surveys and merchant interviews. Our findings reveal that end users want to be rewarded for their loyalty and they want more restaurant locations.
While our users love the convenience of being able to pay their bills quickly and easily, we believe that convenience alone is not enough to drive user adoption and send traffic and sales to our merchants. Our research shows that users want to be rewarded for their loyalty and receive deals and discounts based on their past purchases. They also want the ability to order in advance and receive suggestions on other items to try, or locations to check out based on their dining history and/or location.
At the same time, while merchants appreciate the revenue boost they may receive from quicker customer turnover, their number one reason to adopt new technology is to drive sales and traffic into their establishment.
They also want better insights into their customers: their eating and spending preferences, when and how often they dine, and who are their top customers. Armed with this data, a merchant can then engage customers through personalized campaigns, thereby not only retaining customers but also keeping them loyal and encouraging referrals to friends.
Merchants also want to improve operational efficiencies even further by tying in our payment platform into their POS system to accommodate pre-orders and have the ability to prepare orders more quickly.
The opportunity exists for Glance to further enhance and modernize the dining experience.
Our mobile payment and loyalty technology platform has the potential to do more, to enable merchants to not only provide their customers with the ability to self-pay in real time and earn digital rewards, but also have a much more engaging customer experience.
We have bold plans to advance Glance to the next phase of growth. Before I outline what that is, I would like to take a moment to review our current status as a company.
Current Status
1. We’ve right-sized the Company to respond to our business needs more efficiently, reduced head office spend, and improved accountability and visibility across teams.
2. We’ve better aligned key talent against our most important initiatives and recruited new talent to the organization.
Our exceptionally able CTO, Gary Zhang, has agreed to be compensated for one third of his time in Glance shares. Gary believes deeply in the value and promise of Glance, and this is demonstrated by his commitment to forego cash compensation in exchange for the potential future value of Glance stock.
We hired two talented new developers that are working on our new features including revamping our loyalty rewards program.
In addition, we continue to work with our U.S. advisor in planning out our strategy to grow in the U.S. market and have been connecting with executives of some mid-tier chains.
3. We’ve eliminated non-core products and features such as Glance PayMe to free up capacity of our technology and R&D team.
4. We’ve set fewer, more impactful priorities. This strategic clarity and focus allows Glance to sequence its efforts to maximize impact.
5. We continue to reduce costs in many categories such as monthly subscriptions, investor relations and marketing expenses where we were not seeing a sufficient return on investment. Further, a sizeable reduction in our monthly costs was achieved by moving to our new, much smaller office at 555 Burrard Street in September. The monthly rent at our previous office was $50,000 per month. In September, we entered into a sublease for our new office and the rent is approximately $15,000 per month.
Marketing and Branding
We have been working with an outside marketing agency to build our social media presence. Part of our work with the agency includes launching a new video, which you can preview here: https://bit.ly/2MiaicQ. We will advertise this video on YouTube and other social media platforms in an edited and condensed format.
As we build out and launch new features, we’ll be focusing more on the loyalty and rewards aspect of our platform, ensuring that our product messaging and positioning resonates with our primary target market of millennials and that it conveys our unique value proposition.
Sales, Distribution and Pricing
We recently launched a new merchant, The Pint Public House at 277 Front Street in Toronto, which is a busy, high profile sports bar serving over 40 draft beers and chicken wings dressed with a choice of 40 sauces. If you’re in the area, please check out our newest merchant customer.
We continue to take a hard look at our business model and unit economics to see how we can reduce our cost of customer acquisition and generate more revenue.
I’m pleased to report that we have recently updated our product pricing and will be launching an eCommerce store to sell turnkey Glance Pay launch kits directly to restaurants. As previously announced, Glance is requiring that merchants pay a monthly subscription fee for both our PayByPhoto and integrated Real Time Bill solutions, post a thirty day free trial offer. Moreover, we are looking into the possibility of charging a small user transaction fee, in addition to the payment processing fee. This has become the standard in the mobile payments market and Glance has an opportunity to capture additional revenue. At the same time, we have identified areas of spending to eliminate such as promotional dollars where we do not see a sufficient return on investment.
Future Objectives
As I mentioned, we are determined not to make the mistake of focusing on the wrong priorities, wrong revenue drivers, or ignoring the costs of growth. We will remain vigilant about moving our resources from areas of lower productivity to areas of higher productivity and yield.
Going forward, our roadmap over the next year includes:
1. Maximizing the number of merchants and end users, thereby increasing our revenue
2. Revamp our product features, reposition our product and refresh the brand
3. Further build relationships with POS companies
4. White labelling our platform to restaurant chains and players in adjacent vertical markets
5. Continue to pursue U.S. expansion
6. Sign enterprise accounts
7. Offer license rights in certain territories to allow us to scale more quickly
8. Work with additional re-sellers to more broadly distribute our payment / customer loyalty platform
As well, we are always looking at new opportunities to expand our operations. While our present liquid resources in cash and marketable securities are available to fund our Company, we are also always alert to partnership, joint ventures, and acquisition opportunities.
Final Thoughts
I’d like to extend my sincere appreciation to Glance employees and the Board for their commitment and passion to advance this Company forward. We have work to do, but we’ve identified clear opportunities for improvement and are addressing them with focus and energy.
We are executing on the plan we’ve laid out to create value for our shareholders, for our merchant customers and our end users. Now it’s more about what we do than what we say.
Thank you for the opportunity to earn your confidence and trust.
Jonathan Hoyles
About Glance Technologies Inc.
Glance Technologies is the owner of Glance Pay® a smartphone payment application that enables merchants to provide their customers with quick secure payments, digital rewards, and a better customer experience.
For more information about Glance, please go to www.glance.tech.
For more information, contact:
Jonathan Hoyles
Interim CEO
(833) 338-0299
investors@glancepay.com
not looking that way...
Hmmmm maybe something good gonna happen.
IMO.
Not my beeswax, but I think it would be insane to throw more $$$ at this dying dog... it never had a business plan worth anything. Still doesn't.
Glance caught a nice ride on the crypto madness... very briefly... but the "Glance Coin" was always a sad joke, just like trying to save time by paying for your restaurant bill online.
Do what you want... I'd BAIL. Save a few pennies to bet on the next one.
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