Hi,
Posted yesterday, but it disappeared. Huh???
1)The Belgium software company 4Asoft makes commercial software as solutions to many different logistical and financial business challenges and the do have a POS systems which does not appear to be a cloud software product. 1June10 they introduced a IPAD version of their software which retails for 74900 euros (this is questionable, because the website did not put the currency denomination, however Belgium is under the euro) which converts to 104365.66 USD
Positives to this system:
Established, tested functional system with 1 up front cost of 104365.66 USD
Appears to have good customer support and reputation
Has the advantage of developing many different types of software, which means their software probably is decent
Doesn't include the hardware
Negatives:
Compared to LCRE 2500 USD up front cost, their software is extremely expensive on the upfront cost which is a hard sell
Disadvantage of software not being on a cloud means that updates and added services will be additional costs
01-Jun-2010 was the date the software became available and they claimed it was the "first POS system for the IPAD". Briefs well, but inaccurate. LCRE announced the launch of its FIRMS software in 12Jan10.
Includes the hardware in the start up and is more versatile with the selection of hardware to include smart phones (which are smaller and cheaper for those with replacement and size concerns)
Clearly there are advantages and disadvantages
2) Short sales
Why are we discussing shorts? .0001 is as low as this stock will go. so if anything the shorts are getting out or hoping this company goes belly up. Let them have that bet, I am holding on to mine. The stock market is the purest form of supply and demand, let the market decide if the company will succeed.
3)Where does this leave us
Lecere obviously had some high volume and if it is 504 investors getting out, shorts leaving or entering. RS is still possible, but if it is too early, right now it will scare investors away, which is the opposite of what an start up needs to do.
Nothing has changed since the release of Easy 123. Customers and revenue are going to be the factors that we should be looking for, but everyone tip toes around that.
When I started picking up the stock, I loved the idea and I still do. Lecere is having its growing pains, to include massive dilution and fear of a reverse split. I am worried, but for this company to survive, like any public company, it has to take care of the shareholders, because they are one of the main sources of cashflow.
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