This is really no different than what he was trying to do before except the private label part. The website will be an exact replica of the Net Savings site. Still the same deals, membership model, etc. It will be hard to sell this for $99K to a company. A company would do tremendous DD on the deals before putting out that kind of money. They will want to make sure their customers/employees are getting exclusive offers.
Any knowledgeable business person of the online space would see that the NSL site itself, is a replica site. If you look at the grocery coupons section, that site is a private label site from Coupons.com. So actually, the white label sites that NSL will offer will be a copy of a copy.
Look, if he can pull off selling white label replica sites to businesses on a scale big enough to make this company successful, I will be floored. Maybe he can convince a few small small businesses to do this but the smaller the business, the tighter their budgets.
I remember a post once that said they had 30,000 members already. If there's no revenue reflected from these membership numbers (if true) I'd be highly concerned with the viability of this company.
Now, on the other side of the coin is the stock. This higher volume that I see lately and the stock price being taken down with small sells after larger buys, tells me that something may indeed happen with the stock in terms of promotion soon. This is just an opinion or theory but sometimes these stock promoters are paid with shares instead of cash. My theory is that sometimes shares are traded from insiders in the new company or from the previous shell to the touts on the open market at very low prices so that the touts can accumulate large shares over time that are unrestricted. This way, they can dump them as they are pumping it.
Again, this is only my theory.
