You are entitled to your opinion, but you cannot know whether or not the app is a joke or not. I can say that it's the best thing since sliced bread, but again, until it is released and we get real feedback on it, no one can say. The one thing we can say is that it's something new to try. No progress ever happened by being complacent and content with how things were. If it works, GREAT. If it fails, well, we can go back to brainstorming and try something new.
As for the share structure, I don't think that the recent A/S reduction and current buyback plan are all that's needed. But I believe it's a great start to get this thing back where it was. And as for the company itself, a few of you have pointed out tirelessly that the revenue from 12-15 branches did better than when he had 32 branches. So, from a business standpoint, why NOT reduce back to the lower number and then see why expanding didn't do well? If we can still bring in 20 million in revenue with fewer branches, and have cash on hand from the sale of the excess branches which can pay off the toxic debt, that puts the business is a great position.
Yes, I like to focus on the more positive, recent events. But I also accept the company's past. But there are plenty of you that shove that information down our throats without ever acknowledging what's been going on the past 4 months. And sure, we cannot provide actual proof for most of it until we get the first set of financials, and you guys know that. So the constant "where's the proof" statements are moot. We both know the only thing we can go by right now is Ryan's word. And you're going to have some people who believe him and those that don't. But he's been actively providing screenshots of all toxic debt payments. He just reduced the A/S by 12 billion. He bought 2.7 billion shares off the open market and retired 700 million of the shares.
I trust him.
