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Btown

05/07/15 1:37 PM

#12885 RE: TheBigPicture #12884

What do you think, use your head but I'll give you a hint the roman was in Russia and loaded them up with first line! Nobody but GREGG and roman have the modules, doesn't mean you have to have one to know they loaded up and are working modules! See what I'm talking about with the negativity! I find it humorous that some on this board do DD and they post factual information but are ridiculed and called pampers and promoters for wanting to help out others! I have my shares and continue to add every 2 weeks, but some on this board should learn how to take care of themselves... Notice how Dread doesn't post here anymore it's because of the type of people ihub brings in! GL everyone
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Silver123

05/07/15 2:04 PM

#12888 RE: TheBigPicture #12884

Hey BIGPIC,

Try doing a little DD before jumping all over someone.
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Btown

05/07/15 3:50 PM

#12891 RE: TheBigPicture #12884

For all of you that want to know how Geotraq gets paid here ha go! HUGE Margins HUGE!!!

This email was from GREGG


Remember, the base rate for cellular service without voice or data services is 50 cents per month. GeoTraq is charging iTraq $10 per module. Combined with rest of the components which cost less than $10 and you have a device that costs iTraq approx. $20 including box, shipping, etc.

However there is also service fees such as the 50 cents per month, which over three years, could cost as much as $18 bucks. However, iTraq expects most people will set their device to wakeup far more times than once per day which will shorten operational life down to 2, possibly 1 year. We are safe to assume that, although the iTraq device can operate up to 3 year, in reality we expect on average, due to the users setting, 12 - 18 months.

Although our business model calls for $1 per month, per device plus 1 penny per location lookup request, for iTraq we have waived the monthly per device charge because they will be operating their location server platform and have reduced the lookup requests 50%, charging half a cent per lookup. Considering that each device can wake up approx. 1,800 times, we should expect to receive $9 per device regardless of how many months or years it stays in operation.

So, $20 (device) + $9 (cellular service) + $9 (lookup service) = $38. So iTraq' s $39 early bird special is basically at cost however they expect to sell thousands of devices at $49 with which they make a 20% profit.

What do you think?