He explained that OTCM wouldn't approve the OTCQB uplist until he reduce the convertible debt. By the time he reduced it, the bid price fell below the minimum .01 requirement. He didn't lie about applying for the OTCQB uplist. He did apply.
Question: Since they appeared to be going all out with marketing Soundstr to businesses in Key West a number of months ago now, is it reasonable to assume the product is also ready for radio station deployment now?
IF the answer is yes, what are we to make of the lack of news on that end? They removed the projections for Soundstr from the 10K this last year, which were based on thousands of radio stations using it and paying after they discover how helpful it is.
In a PR on Sep 9, 2020 they wrote:
"Royalties paid to the PROs are one of the largest expenses that a given radio station has," said Madison. "For example, one radio group had annual payments of $300mm alone. The detailed data that Soundstr will provide will help reduce these costs anywhere from five to 25%."
and in that same release Zach wrote:
This of course creates an easy path for adoption and makes the decision a no-brainer even for the smallest stations. And, as we begin to charge for the service, our cost will not be any type of a barrier."
The stock went nuts on pumping that news, but here we are back down quite a bit since that time and no more word on the radio stations using Soundstr, yet it is being marketed in Key West?