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Wednesday, December 18, 2013 7:41:13 AM
I believe that the company should absolutely, positively deliver on the Cash Flow Positive prediction by Q1.
With nearly 1 million in current revenues and 55% margins in the app business, they should be able to get expenses under control to operate the business as CFP.
The heavy lifting has been done developing the Mobile Apps for Android and IOS and the automated back office that can handle the entire sign up and billing operations.
Near term all that needs to be done short term is to tweak the software with minimum engineering expenses.
Marketing of what we have should be job one and get adequate revenues generated to support operation and eliminate the CD mentality.
Officers should agree to pay cuts to support CFP, even if it means taking 50% or more pay cuts. The other option is to press CEO to step down and let Mark become CEO as he is much more valuable with his coding abilities, we don't need both especially when funds are so limited.
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