Here is an AI driven transcript of latest Fireside Chat. Know that AI types only what it hears not what it sees like you and I. So nuances can get a little jumbled. Also note this is for educational purposes only. It is neither a solicitation to buy or sell and I am not a financial advisor. If you have questions I can try to help but again this is verbatim as what AI hears Oscar Brito say. So there is a small possibility it is not exactly as Oscar intended it to be understood. Again feel free to ask if you have a question. I'll try to help or at least someone will here I'm sure.
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Hello Eric, and like always amazing to be back with you here and on both of those fireside chats. Always thankful for you to give me your time and you know the place and audience to tell your friends, your audience, your investors, your community as a whole, our story what we're trying to do, what we're trying to accomplish, kind of where our companies are heading, and that's valuable, and we appreciate that. So again, thank you, Eric, and very happy to be back here with you, Eric.
So first thing I want to talk about is, as you know, you've had me here on a couple of deals, more recently on Genesis holdings, which is a real estate tokenization site that we'll talk about second but one that's gotten a lot of attention, which is a company that I stepped into kind of already with a lot of problems, called Affluence, Corp AFF, A, F, F, U, and the company just had, you know, it was trying. It's been trying to reinvent itself for the last six, seven months, which is about the time they brought me in to finish up a few acquisitions that have already been in the works, that say, but needed funding, needed more strategic alignment with with the company, and a few other things. And we've been successfully doing that. Right?
It's a, it's a bit of a challenge, but, but it's a story that I that I think is amazing, and I'm very proud to be with, be part of. So let me go ahead and start talking about Affluence, start the interview, or start my, my time with you talking about affluence, right? So Affluence , as we've announced, especially come and I've tried to be a little bit more clear in the strategy, in telling our investor community, what we're trying to do is to grow this amazing company by strategic acquisitions. We have our management group is not just top in the world in IoT, uh, Business Solutions, etc. But they know the industry incredibly well, and they know the players. So as a, as a, let's say, as a public entity, exit strategy for a lot of invest, for a lot of small IoT entrepreneurs and founders, etc, it's a very compelling story to be part of us, and that's kind of what we're trying to do. And in fact, it's what we are doing having already, you know, like, as everybody knows, having acquired Mingothings middle of that last year. But now we're also steep, stepping into a second, very synergistic industry that we're buying into the global telecom industry. So there's a lot of synergies, not just because all these same clients that telco company companies have, which in our in the case of the strategy that we're pursuing, wholesale Telecom, is on the telcos. Basically, it's it's a great customer that we can offer our IoT solutions to their you know, they're very equipment heavy, and basically what we do is just, do we make digital copies of their infrastructure, telco infrastructure, and Mingothings? I mean, obviously, and with that, that's how we are able to to to provide service via dashboard of their equipment so they can make better maintenance choice. Maintenance choices.
Also plan out a quarterly, you know, kind of equipment purchases and that sort of thing. So it's a very synergistic in the cross selling opportunities, but also just allows us to grow by way of acquisition, right? Which is how we plan to grow after this Corp and get out of this difficult situation. I understand shareholders are very frustrated about delusion. You know, they we do hear you, and the fact that we file for reverse plate. And what I can say is, look, our focus is building the company. You know, we continue on with these acquisitions. We should have some announcements hopefully in the next few few weeks. You know, I think we'll be able to tell the world a couple of what we're we've been working on diligently in the last few weeks.
On top of that, you know, the year end financials for our companies Mingothings. And some of the deals that we're looking into, into acquiring have come in, have started to come in preliminarily, and they look fantastic. You know, we're hitting all the marks on the on the on the internal growth of the companies that we're buying financially. You know, even, even every time we dilute the company, believe it or not, we're paying off, uh, creditors. So, so our balance sheet is cleaning up significantly. It has been cleaning up significantly in the last few weeks. And these are the things that we need to do to stay on this, you know, path to a national listing. Which is, which is the strategy here. Basically, we know we have great companies. We have a challenging capital structure that we need to get through one way or another. You know, by getting cheaper financing.
That's also part of what I try to do every day. By getting, by getting bigger and better companies to buy into and work, you know, with some of the current investors into in, you know, into these deals that we've begun discussing about. You know, them exchanging their debt into into preferred stock as a setup, additional setup for national listing, possibility for Affluence. You know, if we hit the goals we hit kind of the marks that were, we've established for ourselves. We are looking to, you know, start application process sometime, I'd say beginning or middle of second quarter. I mean, it's very speculative, obviously, and that's just the beginning of a path. But what I'm saying is that, you know, it's this encouraging to seeing, you know, kind of how the new the new share issuance situation, like I said, you know, we said in the past, it's not a whole lot management can do. These are investors that have valid contracts with the company to have reserves.
Is just my time is better spent in raising new money, in being able to finance these new acquisitions, making sure that operatively, these companies are integrating properly, and with the remaining debt holders kind of work with them into into believing, further into the company and being and you know, in the right time, you know, hopefully be part of this exchange that we've been talking about of exchange their debt into preferred at that time, you know, everybody, everybody was sort of realized, I think that we're better off just working together towards an asset listing or or New York Stock Exchange listing, for example, then then to continue to to to get liquidity. I'm talking about the investors through, through the selling of their stock, right? So, you know, the strategy is just keep building the company. Keep buying these companies that we have in front of us. We have exciting deals ahead. Sooner or later, I think our investors will see the benefit of what we're doing, and that's just more than a guess. It's just, let's just say that's part of the conversations that we've had. And at that point, they exchange into preferred, long term preferred, and we all jump together into a into a bigger quality listing. Let's say that, you know that that's what I'm trying to say. So it's, it's, I get, I get. It's frustrating, but, you know, we got to focus on just building the company out.
And I think that's what's going to stop the delusion and get these investors to realize that the path forward, you know, towards a national listing is much more profitable than than the current situation. So so I can say at least that the strategy to continue on, the acquisitions is going the right way. The you know, not everything is always smooth, but we're getting there in our in our timing is good. We have new deals that we're looking at that will probably be talking about. Again, I mentioned this in the next few quarters, excuse me, the next few weeks. So you know, all that fun is very exciting, and definitely will continue to push forward the reverse stocks played.
That's completely, that's also completely out of our hands with that we filed that some, you know, months ago. It's not, it's not in our position. Now it's, it's kind of walking the progress with with FINRA, and we estimated that it'll be approved when it gets approved. But again, I think if everybody believes in the bigger picture that you know, the IoT industries just is growing, that that the numbers that we have now, as far as our revenue and our in our forecasted EBITDA for 2025 and forward, represent, you know, much higher valuation than what the company is currently worth in the capital markets. I think if you focus on that, and focus on the fact that that more companies are going to be acquired and going to continue to push forward and make this thing, you know, grow organically as well, then you realize that the point is not, you know, dead or you know, delusion, as some may call it, or reverse. It's, you know, continue to focus on the acquisitions, and continue to focus on the on the new contracts, like we've announced in the past, and stay there Right? That's, that's the course that we're going to stay on. That's kind of the course that, you know, we've all bought into, and we really hope our shareholders share the same vision.
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