RE:RE:RE:no staff for Toronto...?Olympia2 wrote:
As I understand the financials, revenues from the ParcelPal App has been almost zero and the very biggest part, almost everything is coming from the UPS like courier service for Amazon.
My friend, I have been saying this for months now and whenever I do, I'm called a basher. Hell, I predicted these financials and was only off by 5k, but everyone's best friend on here told the world to ignore me and called me names.
Parcelpal is cheap labour for Amazon, which is perfectly fine, but investors need to understand this. There is no reason for Amazon to buy them. By using third party companies for delivery, Amazon doesn't have to worry about insurance or labour issues such as benefits or personal liabilities.
This company isn't even worth a million dollars today. Amazon would buy them TODAY if they wanted them. They're not going to turn ParcelPal into a multimillion-dollar entity and then buy them, especially when the majority of their revenue comes from Amazon. Does anyone really think Amazon is going to spend a ton of money so they can eventually pay MORE for parcelpal? lol. Come on....
The ParcelPal APP is useless from a revenue perspective, you can see that now, and I'm sure Amazon has also...and if you take time to research you'll see they're SHRINKING outside of the Amazon contract. They're currently covering LESS of an area in BC than they were a year ago, which is why they've STOPPED delivering in Surrey and Langley outside of their Amazon contract.
Parcelpal has 2 reveue streams; Amazon Canada and selling stock options. The APP itself doesn't make enough money to pay rent.
They also have a marijuana delivery deal with an illegal dispensary that as of today won't be licensed post-legalization, but helped temporarily raise the stock price
I was called a 'basher' when I predicted these financials, and now the same person who called me a basher is telling everyone the financials are exactly what they should have expected lol.
It's good to know you're starting to see the truth. Stay strong, you can still make money off this as the grey lines and BS won't stop. You just need to wait for a few people to make a mistake and you can sell and move on