PYST -- Rbull poster speaks with CEO today...
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By: brown1972
30 Aug 2005, 02:01 PM EDT
Msg. 3171 of 3171
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Just spoke to Yotti!!
Hi folks, after weeks of trying I just got off the phone with Bill. My second time talking to him.
Here is the run-down:
1) The o/s is still the same amount. The recent dilution of 300m+ shares was from the sale of shares of foreign institutional investors who show a great interest in the company. They are all rule 144 shares and locked up for at least 2 years.
2) Yotti believes a share price of close to .10 in a year from now.
3) Fully reporting status is moving along.
4) Company has settled 99% of all litigation brought against it. He stated that is one of the tough things for little companies to deal with. He said the suits were frivolous in nature.
5) One of the aims of the company is to build up a firm that is acquisition material.
6) Yotti stated that he has never sold 1 single share and that he has bought shares when they were 3 and 4 dollars a share. He stated that he has 7 figures invested in the company and owns about 40m shares personally. I told him I am averaged at .0017 and he stated I am in very good shape.
7) As for the recent PR, I told him many folks were disappointed. He stated that this will be a revenue generating endeavour, although he could not give out numbers. He says that there will be 10s of thousands of participants using the cards through this program with the NFL. He stated that NFL fans are second only to NASCAR fans and that the potential is big.
8) Significant PRs coming in the next few weeks that highlight Global Cash.
9) Significant 3rd quarter revenue will likely occur and that the 4th quarter revenue will "please the world".
10) Stated "We are building a real company".
11) News should be coming shortly on Infostar spinoff. Stated: "Will be good news".
12) HUD partnership first contracted 3.5 years ago was renewed for another 3 years. The bottom line with this contract is that it has been slow to develop. The government realizes that the cards will save them $1.8 Billion, but they are slow to react. Bill stated that the government has justed started a new fiscal year and that there is a rumour of purchase orders for the cards being just around the corner. The company reps. continued to attend HUD seminars and try to push the cards. If and when there is a significant development with this, Bill stated he would put out a PR.
The impression I got, is the same from the last time I spoke to him about 4 months ago, is that there are big things on the horizon, and that a little patience goes a long way. It appears that the company has many good irons in the fire and that they are generating revenue and moving forward.
GLTA,
Brown1972
Best regards,
Treepeople
