App development and marketing isn't free. They have to get their money from somewhere to pay for the programmers and marketing. Maybe they just lined up enough money to actually make a bonafide run at a launch. Can't just put an app out there without having the funds to let the world know about it.
Also, assuming you're correct. that would only put the OS at around 500 million shares. That's squat-nothing compared to other companies that have recently run to dollars, and had billions of outstanding shares.
The only way to know if a product is successful is to actually put it out there. Speculating that it will fail or succeed is just as about valuable as nonsense! The only way we'll know for sure if the business model and app is successful is by seeing the results after they launch it!
I agree! I’m a beta tester the app is terrible it feels like someone is designing it on Windows 95! It has no support or help links you can’t report any bugs and their not responding to emails! Theirs about a dozen profiles with no projects the photo managers are ancient so it’s almost impossible to list a project! With daily News Wires pumping this as a Robinhood clone for real estate buyer beware! Unless their is drastic upgrades to a real professionally designed Web platform this feels at the moment like a real P&D! IMO
I could see some valid reasons for someone to pay 5%. Personally I am self-employed and my accountant shows as little income as possible to avoid paying high taxes. Even with a+ credit and bank statements showing my cash flow, this affects my dti ratios at traditional banks which can make regular financing difficult. The last two home loans I picked up were both private financing at 12% interest, and both in the last 4 years when home loans at a low apr. Just saying..
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