Personas Social Inc (PRSNF)

[banx1]

2ND GUESSING GENIUSES
No one on this board falls into Itwaru's genius category--not even me.
There's lots of fanciful and imaginative scenarios being painted but it remains in the land of conjecture and not fact.
Keek owns 30% of Peeks.
Plain and simple.
Black and white.
Personas, Itwaru's private co owns the other 70%.
Personas also pays the bulk of the expenses: technology, marketing etc.
Keek will enjoy an all net income scenario after allocating for a low monthly burn rate.
Keek has $76,792,470 in carry forward losses.
Itwaru has always considered Keek valuable.
Well over a year ago, when Keek was run by an inferior management breed, he did a 10% licensing deal for the Keek platform to take advantage their very large user base.
Through his private holding company, Itwaru also injected $1 million into a Keek PP and paid out a $3 million debt held by a well known and long time Keek shareholder which was subsequently converted into shares of Keek.
This gave him an approximate 40% position of the overall Keek cap structure.
I believe Itwaru's company also holds 6 million warrants which he said he would exercise if need be to provide Keek with additional capital rather than dilute through any financing.
His affection for Keek also became transparently evident when he assumed the role of CEO in March of this year.
His high regard for Keek and its shareholders was doubly manifested when he upped Keek's stake in Peeks to 30% subsequent to becoming CEO.
He did not have to do this.
However, it made prudent and practical sense to do so because the public company serves as a barometer in measuring the value of the private co, Personas.
This is one guy with a lot of skin in the game.
He has revealed he has spent $19.3 million on the technology that has gone into Peeks to date including some very valuable patents.
Add to that number his $4 million spend into Keek and you get a whole heap of commitment.
It is rare to see the like of a CEO with such a hard dollar personal stake in his business and even more importantly for Keek shareholders, his negative sentiment for dilutive financing.
Itwaru is going to be a billionaire a few times over.
Of this I have no doubt.
The Peeks app he has created is only going to get bigger and more popular.
By applying his payment technology genius to social media he is out to disrupt in a large way.
He has taken leadership of the social commerce space by virtue of his creation, Peeks.
All I can say is when Itwaru's billion dollar status comes, fortune will also find its way to Keek shareholders.
I see so much upside here.
Long KEK.






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