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More on my short phone call with Ed

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Moon Traveler   Friday, 05/14/21 02:33:42 AM
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More on my short phone call with Ed Laine last week. He said revenues are coming in, it takes a while to get them going. He’ll do a PR when there’s enough revenue coming in to make it more meaningful, he doesn’t want to rush it.
He said many people are shorting the stock, and he'll wear them out with the next series of announcements.

He said they have to do the filing to get back to Pink status by June 30th. But the financials themselves aren't due until the September 26. deadline. He plans to meet both of those deadlines.

He said we're focused on onboarding clients right now. So that's why I haven't done any updates about the financials, because we got a little more time there. But we're bringing them on, right now we got 13 signed agreements. So we're onboarding clients like crazy.

He said: Yep, we're bringing in a lot of setup fees. And then we're now getting the monthly fees from the first few. It takes us four to eight weeks to do the bank connection. So out of those 13 clients, we've got three of them active and trading and scanning checks. So we're getting monthly scan for check fees from them. And then we've got three more that are in testing. So we've finished the bank connections, and they're about to go live probably next week. And then the rest are in that bank certification queue. Takes a while, each bank’s a little different, some are slower.

There are 5 people working for the company.

I’m willing to wait.


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