Tuesday, October 18, 2022 1:13:48 AM
David Shworan is the CEO and co-founder of bravenet.com, as well as quotemedia.com.
Bravenet.com was one of the largest data tools and webhosting companies in the world on par with godaddy.com in 2018.
Many years ago quotemedia was spun-off into a public company with the financial data tools developed by bravenet.
As CEO of both companies, he decided to increase the potential public valuation of the public company, at the expense of his own private company.
The roughly $1,150,000 due to bravenet from quotemedia for intellectual property was completely forgiven without any conditions, conversion rights or dilution.
Back in the day, up until somewhere in 2018/19, quotemedia was providing market data to FINRA.
Yes, that FINRA.
In 2019, otcbb.com and pinksheets.com were joined to form the new OTCmarkets.com and FINRA no longer needed QMCI market data.
Since that time, QMCI has continued to grow by adding clients and revenue.
As I have stated before, some of these clients include Berkshire-Hathaway, Etrade, Morgan Stanley and the NASDAQ.
GLTA, IMO and FWIW.
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