OK - General overall impression...
It was a good meeting. We did get a lot of answers to questions. Overall, I'm still optimistic about being a shareholder as we should know a LOT more in the next 30-90 days in regards to subscriptions and revenues. Some huge deals are in the works which could get PR'ed at any time. But till those are out, there will be additional name calling of the company. There is no R/S foreseen and a buyback is planned (i.e. They believe the money will available to do so).
Revenue projections are as follows:
1 year - $9.70 Million
2 years - $36.40 Million
3 years - $58.54 Million
Uplisting will be done once they have a sustainable amount of capital to survive 120 days. There will be more about this as it seemed rather complicated. This is how long the process may take to do and there is a requirement of not increasing capital during this time (at least that was my understanding).
141 should be up and going in the next few weeks. SWARM can't be used right now because of litigation (see previous posts from others) but they have another trading solution set to go. I saw the results of that and it's in the 85% success rate range. Turned 10k into 33k in about 2 months time. 141 will probably have a SHM in the fall.
I do wish there was some great news to give out to everyone and to put all this success/don't believe it exists/failure ideas to rest but not as of yet. I do believe it is coming soon based on some things I heard. They are being prevented from saying anything till others give them approval. (BTW - we had this some thing before with TT and a PR did come out once it was approved by the other company).
I had a friend there - another IHubber "enforcer57" - he told me tonight that if yesterday the shareprice price hit a certain value, he would have sold but after the meeting - he wouldn't sell and hold out for more. He's a great read of character and was able to find out little things that solidify the products and people behind Spooz are real and on the level. They are working their butts off to get this out there for all of us. If the SMCC deal going through, I believe - as was said before - that this is beyond huge. SFC has some serious credibility and Spooz being in this JV will be very interesting.
OK guys - that's about all for now as I'm wiped. I would be buying more shares tomorrow if I had the powder to do it. I will be posting the handout they gave us as well - just give me till tomorrow to do it.
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
ITGuy
"When we are able to put aside our differences, only then may we say we've evolved."
