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You forgot about the launch of the Eventure 2.0 platform...I would expect that release over the next month or so as well.
Yep, I've been playing with this app quite a bit trying to "break" it...I've got a computer programming background and I enjoy bug testing.
In case you missed it the very minor bug I reported recently with it displaying the wrong Redemption Instructions was corrected in the v1.2 update of the app.
Eventure Gift Card Wallet
Are you a parent or grandparent who receives tons of gift cards during the holidays? When those gift cards aren't for local places you regularly shop at, do you tend to toss them in a drawer "in case you need them later?" And if you do, how often do they usually end up buried in said drawer for years until you find them and end up giving them away?
Eventure's Gift Card Wallet was released to tackle that exact problem which is a problem that most Americans have. Gift cards are becoming more and more popular, but people tend to lose track of physical cards. Even emailed gift cards often end up lost in your inbox.
When you open the gift card wallet, it displays to you all of your gift cards you have loaded into it (loading them is quite simple by the way).
Your gift card balances are displayed on each card provided the retailer is currently equipped for online balance checks:
When you open the menu, you see all of your options as well as a summary of how many cards you have and the total value of all cards. Load all your cards into it this Christmas and you'll see just how much those cards you likely never would have used add up to. I'd bet for some that number would be staggering!
You can utilize your gps location and when you click on the card, it will display the card details plus a map of the location nearest to you.
From there you can click on the placemark for the nearest location and it will open the placemark up in Google Maps where you can easily grab driving directions.
Through the menu you can also click on the 'Map' option which will open the map up and display placemarks for every store you have gift cards for within approximately a 25 mile radius of your location.
Lastly, these cards have the ability to be shared and synced with friends/family (odds are this feature is making use of their patents).
When you have the cards loaded up and you want to give someone else the ability to use the cards, on the main menu, you go to "Family Share" and you can add people you wish to share your gift cards with. What it did was ask for a contact method of the person I wished to share with (either name, phone or email). If using name, it popped up my contacts as I typed the name and showed me a list of possible matches to choose from. It then sent my girlfriend in this case a code to use to get synced up and download instructions for the app. Once she followed the directions, which took literally about 60 seconds including the time spent installing the app, it added my gift cards onto her account and synced the balances. Now whenever the app is opened, it syncs everything with her account.
This app is pretty slick...I don't think it's the first of its kind (though some features may be unique to it alone), but also bear in mind that this app was developed to complement their main Eventure Everywhere product solution and it's not their primary focus. They also have stated that they intend to sell gift cards, so I would be looking in the very near future for them to have it setup for people to purchase and share gift cards right from the app. If that is the case, you will see revenue being generated from that.
This is copied right from their app page on the Google Play Store:
Future feature highlights of Eventure Wallet:
• On-going additions of gift cards from popular and niche retailers and restaurants
• Enhanced geo-location services
• Near-a-location push notifications
• Flash sale and daily deal push notifications
• Purchase and giving of electronic gift cards to friends and family
Currently, responses indicate that average approval time takes 6 days via the iOS store and 4 days via the Mac App Store. Both figures have fluctuated 1-2 days in the past year.
Aug 14, 2014
How Long Does it Take for your App to be Approved?
https://www.appmakr.com/blog/how-long-app-approved/AppMakr
The Company intends to file the Report on or prior to the fifth calendar day following the prescribed due date.
I'm anxious for more product rollouts and the updates that follow!
Just awaiting news to hit now...
Wouldn't it be better for shareholder value long-term to simply waste the $12,500 getting back on the QB later than to enact a reverse split?
I'm not familiar with splits and reverse splits...this is my first time playing with stocks...if this does reverse split, does the stock value also increase by the same multiplier as the divisor in the split? ie 10 to 1 r/s increases share value by 10x?
Keep in mind, up until recently Snapchat was a free app with no in-app advertising or purchases.
I read they have just recently begun to add in-app purchases by charging for desired features such as "message replays". Normally you can only view the message once for up to 10 seconds before it's deleted. Now for $.99 you can replay the message.
Their value came by generating millions of users. I believe Eventure is trying to generate some revenue eventually via commissions and e-card sales but I think they're mainly trying to build up a massive userbase like Snapchat and other popular social apps have done.
When you charge money for apps, you lose the vast majority of your target market. People are cheap. They want free. They also hate in-app advertising so if a company can avoid it, it's in their best interest to do so.
Not yet...I'll keep everyone updated as I see the updates roll out. So far there have been 2 updates this past week.
The most recent one fixed the bug I posted about yesterday that my girlfriend was experiencing.
Ok, so it's not the end of the world then...they'll be ok.
As I said in an earlier post, they can add advertising with one or or two lines of well-placed coding. That will bring in revenue.
They also said in a recent press release that they will be offering in-app gift card sales. That says you'll be seeing that feature rolled out in a future update. They will make commissions on gift card sales I'm sure. Just like Walmart does with their racks of gift cards for a variety of stores.
Aside from the decreased exposure, what happens if EVTI loses it's QB status? Are they not able to get it back at a later date? Do their stocks cease to exist? Do we all automatically lose our investment?
You guys talk like it's the end of the world but from what I've read it's kind of like a downgraded credit rating. It's not good but it can be resolved later with a little extra work.
No, any app can be made to display advertising with a line or two of well-placed coding.
The app in the final stage of development is their primary social calendaring platform...the central part of their Eventure Everywhere product solution.
And by final stage I mean it's been through alpha and beta testing and from what I've gathered from their PR's, they're just putting the finishing touches on it.
If it were too buggy to succeed, that would have been caught in beta testing.
Oh. I stand....uh...corrected?
Or it could be that they just want to get money from people anyway they can
**Speculation:
Quote:
the forming of a theory or conjecture without firm evidence.
Version 1.x has been launched and last I checked was available in the Google Play store. I believe it was launched in 2014.
Per their PR's they have been developing version 2.x of that app.
I guess it's a good thing we're both just speculating then, huh?
I don't see why anyone would consider exploring literally every avenue to generate money, pathetic.
It just supports the idea that they are willing to look for any way they can monetize their apps.
Now when I see claims that they have "free" apps generating zero revenue, I know they likely will be generating revenue from other sources.
I call it thinking outside the box.
Or they decided to try something new that if successful would earn them free money and if a total flop would cost them nothing.
I have a GoFundMe page setup for an idea I had. It earned me a whopping $200 but cost me nothing to try.
That free app is a supplemental app to a much larger product solution which will be their primary source of revenue.
That's not in the gift card app...yet. But there's where this free app will generate revenue. Commissions on gift card sales.
They didn't relaunch an old app...the old Eventure app had nothing to do with the gift card wallet. Now the gift card wallet may tie in with v2.0 of the Eventure app yet to be released (but obviously we won't know until it's released), but with the two apps out currently, they are not the same apps in the slightest.
As long as EVTI is not paying FFFC in this deal then I could care less about their financials...I believe they're using them as a middle man to obtain users and likely have some form of profit sharing agreement setup.
So basically if EVTI gets paid using their connections, EVTI will share an agreed upon amount of the revenue with FFFC. If FFFC ends up with nothing to offer after all, EVTI isn't forced to pay for a scam. But if FFFC ends up connecting EVTI with millions of potential users in exchange for a percentage of the profits made off said users, good deal for EVTI.
Now if this turns into a business merger...we all need to run.
Eventure Gift Card Wallet
I had a chance to play with the newest app a little more last night...this thing is pretty fun. My girlfriend got ahold of a Walmart gift card with money on it so I went ahead and punched it into my phone.
The gears turned for a moment...and then *poof* the card appeared in my list with the correct remaining balance list.
My girlfriend pulled out her phone and opened the app and it instantly was synced with mine. So that tells me the "bug" I had found previously with our Macy's card was not a bug but Macy's just isn't setup to update the balance of their cards through a server. A feature to manually update the balances would be a nice addition, but since there is still a barcode available for the card, I do believe it should still be usable with the wallet, just won't display an accurate remaining balance.
We DID however find a very minor bug...on my phone, when I clicked Redemption Instructions under the Walmart card, it showed no instructions from vendor. When my girlfriend did it, it displayed redemption instructions for a Home Depot card. The card displayed on her phone was still a Walmart card, not a Home Depot card, just to clarify. This is likely a very minor coding error and nothing serious at all so I expect to see it fixed in a future update. I left a message on their Facebook page with the bug reports.
Since the release of the app, it's already been updated twice (it is currently at version 1.2) which proves they are still constantly updating and fixing it. This is good and tells us that this wasn't just a "fluff" app to boost shareholder confidence with no real intentions of ever utilizing it for anything.
It's the nature of the game...you win some, you lose some. I bought in so low I'm either gonna win huge or lose it all when the company folds. My grandpa bought in at $.08.
Pretty sure I made him a bit jealous when I said if he breaks even, I'll be sitting at $40,000...before Uncle Sam sticks his hand into my pocket of course.
Why EVTI?
Here’s a breakdown of all the potential Eventure Interactive currently has based on their most recent SEC filings, press releases, and a little internet stalking. If you’re looking for exaggerated valuations or falsified hype, this isn’t the post for you. This article is intended to stick to verifiable information with supporting opinions tossed into the mix.
Like all good penny stocks, smart investors are going to get involved based on future potential and not past performance. With that being said, the information you are about to read is still forward-looking information and is NOT a guarantee. It is solely my opinion based on my analysis and while the potential is most certainly there, it is possible that I could be completely wrong. Invest your money wisely and good luck!
So why EVTI?
1.) EVTI has been awarded two patents with the potential for widespread use among technology companies due to their methodologies of securing mobile devices on ad hoc networks. Not only does this have the ability to increase the company's overall value, but licensing agreements to use this technology can also be potential revenue generators.
To quote a prior analysis of mine:
EVTI didn't patent the technology or devices used in creating ad hoc networks, but the methodology used in securing devices on those networks. In other words, it doesn't matter if the users are using wi-fi, bluetooth, or some new technology yet to be invented, or what specific devices they are connected to the network with...as long as they are using that particular methodology to secure them, they are utilizing EVTI's patents.
The second patent appears to be more specific methodologies that build upon the methodologies used in the first patent.
In my opinion, these patents may not just be desirable to Facebook, Google, or other social media companies, but may also catch the eye of specific device manufacturers who want to utilize the methodologies of securing their devices when used together to share files say at a party or in school, etc. This could attract Apple (for their iphones, ipads, or ipods) as well as Samsung, Motorola, etc. It would likely be more appealing to social networking companies, but the latter companies may also see some big benefits.
For reference:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,769,610.PN.&OS=PN/8,769,610&RS=PN/8,769,610
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=9112913.PN.&OS=PN/9112913&RS=PN/9112913
Here's past jobs and job titles as listed on LinkedIn (in order of most recent to oldest). I also tossed in a couple recommendations that were posted by former co-workers/managers.
Head of Marketing
Prolifics
Advisor and Head of Strategy
Mobile-XL
Guy Kamgaing
"Jason is one of the sharpest minds in the digital advertising and mobile industry. He is an excellent collaborator & consistently strong performer. I have known him for over 13 years and he is brilliant at developing long-term strategy and building brands. Jason is forthright and isn’t afraid of taking an unpopular position (backed by good reasoning and data) and driving for results. Jason is good at both turning young businesses around and advancing vision onto reality – as he has done time and time again throughout his career. Most recently, I had the good fortune to work with him on the new brand strategy and marketing direction for Mobile-XL and look forward to his continued collaboration."
June 23, 2011, Guy managed Jason at Mobile-XL
Executive Director, Marketing & Strategy
AT&T Interactive
Chris Padilla
"After nearly three years working with and for him, I can confidently say there is not a more stand-up dude than Jason Harvey. His unmatched ability to blend an analytical, metrics-driven approach with creative, beyond-the-box thinking led to numerous successful initiatives including strategic marketing plans, content development, event production, and product launches. I look forward to many more years of professional and personal collaboration."
July 11, 2012, Chris reported to Jason at AT&T Interactive
Account Director / Pro-Bono Consultant
Taproot Foundation
Co-Founder
eightbox
VP of Programming Strategy & Partnership Development
ActiveVideo
Sr. Manager, Marketing Strategy & Planning
Google
Elisa Phillips
"Jason has an incredible work ethic, accomplishing to build massive communication strategies, in several markets, and execute his business plans with Google sales teams. The teams looked to him for best practices, research/market knowledge and strategic business guidance. Jason's innate leadership skills drove development of YouTube advertising in Lat Am markets and made way for hyper growth of this new media. He lead many customer driven events to evangelize and demystify the digital video space. His depth of knowledge of global markets coupled with his ability to speak multiple languages allows him to build trust and rapport quickly with executive management and colleagues.
Jason and I collaborated on a global project for the Intel Inside Co-marketing Program. He provided invaluable direction on the value proposition and supported the project from inception.
Jason is highly respected and a pleasure to work with. His attention to detail and patience when working with colleagues on complex projects is rare to find."
July 28, 2008, Elisa worked with Jason at Google
Group Account Director
The Vidal Partnership
Regional Sales & Marketing Director
Ford Motor Company
Jim Gwaltney
"Jason is a strong leader that develops a vision for the position he is in and relentlessly pursues and drives that vision throughout the organization. He is able to do this because of he is creative and has an innate entrepreneurial spirit. Jason was a member of the Marketing Leadership Program, leveraging his acute business acumen, inherent entrepreneurial spirit and creative marketing strategies to aggressively build various Ford Motor Company brands.
During his 7 years at Ford Motor Company, Jason positively impacted the brand image of its most coveted luxury brands like Lincoln, Land Rover, Jaguar and Volvo in the US and abroad. He was instrumental in lowing variable marketing costs for Land Rover and Jaguar while consecutively increasing revenue and consistently sought assignments that challenged is intellect. During Ford's first foray into online marketing and distribution, Jason defined the value propositions for customer online interface and lead the marketing efforts for Ford's DRIVE program.
I have supervised and worked with Jason on a number of occasions and fully recommend him as a strong marketing and business leader for companies that value strategic thinking, a healthy work ethic and over a decade of marketing competency."
August 8, 2008, Jim managed Jason at Ford Motor Company
New Business Development Manager
Microsoft Corporation
It seems like with standard convertible debt, the "investor" can dilute the stock basically any time they want. With this deal, it seems to me the ONLY time the "investor" gets shares of stock is when EVTI chooses to take out money from the agreed amount allowed (approx $7.75 million or thereabouts).
So it seems to me, the "investor" really can't harm the company aside from getting those shares at a discounted price. The rest of the harm is initiated by EVTI at an amount determined to be needed.
ie. EVTI needs $1.5 million to finalize development of their products and get the public release kicked off.
They file the necessary forms and sell $1.5 million worth of stock to GHS Investments at their discounted rate. GHS Investments must purchase that stock with limited exceptions as noted in the agreement.
If Harvey and EVTI's financial guy (Mike Rountree I believe?) are wise, they are only going to take what's needed. GHS Investments CANNOT take any more than what EVTI files for therefore the dilution is only the dilution necessary for EVTI's operations. If they pay off all of their convertible debt as they have stated part of this equity deal is being used for and then they begin rolling in revenue after the holidays with the sales of their newly released products, they will not owe any additional money to GHS Investments (they've already been paid in the form of stock, remember?), they can stop tapping into the equity amount they've been alotted, and they can continue operating as a debt free company. If they come anywhere close to their forecasted revenue, they can also start buying back those shares to get them out of the pool and reduce the dilution from this equity deal.
Makes more sense the more I think about it...but if I'm wrong, do please correct me as to where. With my very limited knowledge, I think they can come out way ahead on this deal...provided their product is successful.
EVERYTHING relies on the success of their product.
The investment agreement in full can be found here:
http://ih.advfn.com/p.php?pid=nmona&article=68626134
People don't partner with people solely because of their individual finances but more as to what it is they have to offer...if they have something to offer that can result in monetary gains, that's a good place for a partnership.
ie.
Cheech and Chong may have some form of involvement with FFFC...shareholders, financial backers, ownership interest, who knows?
They are looking for someone to design a branded app for their fans to utilize to open up a new revenue stream.
Either they specifically ask FFFC if they know of someone who would do this or in a random talk with someone affiliated with FFFC they mention they're looking for such an app. FFFC knows someone involved with EVTI or has heard of EVTI and knows their product solution may work...they see $$$ signs that could boost their company. A partnership is formed. With luck, both will benefit from the deal. How FFFC benefits is a moot point for us. They can spend all the money on fancy new cars for all I care. My concern is how EVTI benefits and how they utilize those benefits.
My guess, EVTI sees $$$ signs getting their products into the hands of Cheech & Chong's fan base. Odds are since it's a branded solution, the name EVTI will never be widely known in the pot community, but the technology will be there. Typically when somebody brands something, they remove all identifying information from the company who makes it. Just for example, I used to run message board websites (ie ihub). I could pay to remove the branding from the software I used so while my software was actually made by vBulletin, my users had no idea because that information had been legally removed. Now that's a good deal for EVTI because there's a good possibility they could be paying a licensing fee for EVERY individual app download. Can you imagine if Cheech & Chong had 10 million app downloads? That's 10,000,000 * (cost per brand-free license). Of course that's a hypothetical number based solely on their Facebook Page Likes (and it's not likely EVERY person who Likes the page will download their app).
My dude, that's revenue!
Somebody else is going to like what EVTI is offering Cheech & Chong and are going to contact them for info on who did their products so they can get something out for their fans/users too...or just track it down themselves. With a little digging, you can usually track it down pretty easily if you know someone who can break into the coding (or in this case, Google until you come across the PR's mentioning Cheech & Chong and EVTI together).
Boom...now you've got free advertising taking place...
With marijuana legalization efforts moving full steam ahead in many states, Cheech & Chong are likely to be gaining popularity as they help promote those legalization efforts. I know here in Ohio, we have a legalization amendment coming up on the ballot next month.
I have also seen that she is French and that's her primary language. It's very common for emotion/courtesy to be lost in translation too. ESPECIALLY via email and other text-based communications.
If their CEO is anything like my boss, the deal was signed yesterday and they're scrambling to get the PR typed up and released and 8k filed. lol
Seriously though, would be nice to see a signed deal and read the details of this deal.
I jumped in on a whim yesterday...looks like a very smart whim. Lol
Ain't that the truth...I finally reached my desired position today. Ready to sit and enjoy the ride now!
I'm not complaining about the close...my money hits tomorrow. I'll have no issue filling the order I wanted to make since Friday. Thanks for ensuring that ;)
Says he was CEO of Reve until August 2015 according to his LinkedIn profile... no mention of EVTI on there, however.
https://www.linkedin.com/in/tamios
That is purely speculation.
One of my best friends has switched jobs 1-2x a year for most of his life. He chases better money, better potential and sometimes just the shorter drives. He's always left on good terms and is always receiving job offers from others. I know he is because one of my best friends at a competing business offered him a job as their head manager and was quite bummed when he declined (was in the middle of buying a new home).
Point is, you don't know why he left or under what terms.
I could see Facebook wanting this for a variety of features...I could also see Google wanting this to add it by default to their Android OS on smart phones and tablets.
Just another way for Google to be involved in your every day lives.
Interestingly enough, I think we are all aware of who Jason Harvey's previous employer is.
Gift card balance check from most retailers and restaurants
So I'd say the "bug" I'm experiencing may very well be a retailer that doesn't offer the ability to connect to their servers.
I wish I had more gift cards laying around to test things out more.
Christmas is coming though....LOL
My thinking and mind you it's just thoughts with no verification whatsoever is this is likely utilizing the Gift Ya Now platform.
With how smoothly the app was functioning for me, it tells me that app has gone through some pretty extensive development. A lot of version 1.x apps are bugged out the ass due to scraping something up and tossing it into the Play Store without spending enough time debugging it. As someone with a decent amount of computer programming background, I do believe they put extensive time and effort into development. A year of development is not unheard of at all.
I'm also guessing, but based on what I had read on the patents, I believe their family sync option in the app may be taking advantage of their patents. Allowing them to share the gift card data amongst their family while keeping it secured.
IMO, if their Eventure Everywhere (version 2.x) platform is as well developed as this app, I do think it will have real potential. The version 1.x that's currently available for download on the Play Store (and hasn't been updated since 2014) is quite confusing. Since they didn't continue updating it, which is common for most successful apps, that tells me they weren't satisfied with it and likely scrapped it and started over from scratch.
Gift Ya Now was before I came around so I may be totally mistaken, but is it possible this new gift card wallet is utilizing that platform?
Or was Gift Ya Now entirely different?
Nah, not libelous, but a dirty move nonetheless.
Have you tried the app? How do you know it's loaded with bugs?
I have. The only "bug" is it couldn't obtain my balance from the Macy's server. This *could* be a bug but this could also be a glitch in the Macy's system too.
The error message was customized for the occurrence which tells me they programmed the app to handle events such as that. If it were a bad bug, it would crash the app with an unknown exception. Not once did that ever occur on me.
From my understanding, someone found it on the Google Play store...if you check Eventure's Facebook page, go look at the comments under one of their posts. They hadn't even announced it yet and one of their followers found it on the Google Play store and posted the link there.
Odds are, they probably didn't expect a shareholder doing their DD to turn it up the day they uploaded it and didn't have the PR scheduled for release until today.
Or it's also possible they didn't expect the app to be approved until today. Not sure how Google's app approval process works.
Here you have dispensaries for prescriptions which are different from normal medical prescriptions from what I've read because doctors can't/won't risk prescribing federally illegal drugs. They would still have to carry their prescription but they'd use the gift card in place of carrying in a wad of cash.
In states where it's legal for recreational use, you walk into retail shops and buy it...in those shops they'd present ID and pay with their gift card.