Hey Guys,
This post might not be very different from other posts you have read on this forum but this is my opinion on GOIG right now. I know everyone is a little frustrated the way GOIG has dropped the last couple of days but honestly I don’t believe this is the end of the world for GOIG. I still believe Long its going to be strong. Like all stocks and new ideas people just have to be patient and let it reorganize itself. Also, don’t forget just because a stock goes down that doesn’t necessarily mean the company is going down. The way I see it ideas like this don’t come along everyday. I think everyone who has been on this stock board knows that or you wouldn’t still be here.
This is what we know and this is why I’m willing to tolerate a drop like this. Goig has been going a long time without money and when you first start up something costs are high and there is not as much revenue coming in. We have had 0 revenue coming in up to this month and who knows how many companies were able to get the month of June free as part of a promotion. When GOIG does catch on, this stock will soar through the roof. But to get to that point it is a very expensive endeavor. Between the advertising campaigns, giving promotions to get big companies signed on and I believe the most expensive and difficult part is figuring out the best way to implement this new technology for all these companies and make it work nationally. You know, someone just marked someone’s post named Macblast. I would follow all Macblast’s GoiG posts that really get into how intricate this technology gets when implementing it for big companies. There are just a lot of things that have to be figured out. Macblast seems to be a rep for a big retail/ industrial company like Walmart or Homedepot that has signed up w/ GOIG. I find all the post very interesting and worth taking a glance at so you could get a better understanding of how implementation is actually going.
This doesn’t make me an expert on anything but I will say that I use to work for this company where I wrote economic research reports and one of our reports that we worked years on was on retail trade and implementing scanners and bar codes and how this effected labor productivity. (I know the technologies are different) But there are just some things that stay the same when implementing a new technology.
The high initial costs, like for example to get all bar codes on everything in a store, to get all the bar codes into the computer and to pay for all the scanners and other machinery. Extremely high upfront costs that no one would want to take a gamble on unless they knew for a fact bar codes and scanners would catch on for everyone. The end of the story is bar codes and scanners did catch on and made a HUGE impact. You know I assure you even today people are finding new advances and uses for bar codes and scanners that have been around for decades. Also, everything around the store had to be reorganized and adjusted to improve how the technology worked. For example, the wholesale and retail stores and the supply chain of how they worked together to get final goods to the stores that sell goods to consumers completely changed and reorganized itself to adjust to the technology and become more productive. Due substantially to bar codes and scanners our labor productivity soured over 30 years as a country . Bar codes and scanners definitely didn’t happen over night!
How I find bar codes and scanners like GOIG? Well first off, when initially implementing the technology , people weren’t aware of all the uses. Just by reading Macblast post you’ll see all these new technologies that are coming about because of GO800. Also, there is this huge block upfront that might stall GOIG a little. Companies have to be willing to pay fees for advertising months before they will actually make their money back for using the technology and before they know for sure that this technology will take off. Also, there is a lot of reorganization that has to take place for this technology to work efficiently and successfully for these big companies. Macblast post were kind of insightful on that as well. Lastly, the word needs to get out nationally and this is the only way the technology will be successful. This alone is big upfront task to take on. GO800 definitely won’t happen over night either!
Now I’m not saying that GOIG is going to be stalled forever. I really do think this technology is going to change how everyone interacts. But I am saying give GOIG a break. I mean bringing this technology to life with no money is a huge endeavor and just because there is one more non revenue month, does not mean that GOIG is plummeting off a cliff. Just be patient and your investments will prosper.
Again this is just my opinion on this stock.
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