Highlights from Agoracom Q+AResponses by Frank:
How Frank responded to question of first moves after Financing.....
We will also need to staff the internal sale department to handle the flow of business that is getting ready to be deployed. Fortunately we are already in contact with a few experienced manager with experience in enterprise software solutions and we expect to build a team around them. What would our funding model to monetize our Blockchain look like and what kind of dollar value could we expect with respect to revenue?
Frank: We cannot make projections in term of revenues. In terms of business model there are multiple source of potential income, from the services fee generated by the Internet of Blockchain to the royalties and licensing stream of income coming from the permission based blockchain being deployed. Customization and support could also be a significant source of income. I assume that the question was directed at ZeU only but I think it is important to mention that St-Georges is also looking at deploying blockchain solutions in relation to commodities and it would be foolish to assume that there is not a good potential for revenue as the industry is adopting these new technologies.
Will SX continue to bring on board highly distinguished and reputable industry leaders and people of influence to their board as directors or advisors to leverage their skillset and can provide valuable contacts? Similar to the team Ripple has put together which is executing tremendously?
Frank: Yes.
what are the next steps for ZeU?
Essentially to close the transaction with Tiande. Due to the complex nature of this transaction and governing regulations that apply to it, we had to announce the concurrent raise at the same time that we announced the proposed transaction. In a perfect world, we would have announced the raise only in early March.
We then went back to the people who had shown interest in the financing to found out that the market was now softer and although many clearly stated to us that they were still interested in the company, most of them were experiencing significant liquidity issues as either their technology stock portfolio or their cryptocurrencies holding had largely dropped. The initial interest had come from accredited individuals, small funds and trust and family offices. From the initial show of interest we had to replace more than 75% of them with institutional investors. Each of these institutional investors require a detail and lengthy due diligence.
Most of these investors, not being able to get these resources, made it clear that for them to invest we would have to bring a brokerage firm on board that would be able to take on the due diligence process and then provide that level of comfort to the institutions and other brokerage firms. Hence, why we brought in Gravitas Securities. Their due diligence is well underway and we have made significant progress so far
Questions about ICM collaboration:
Agreement with ICM....who's to blame? ICM or SX
Frank: SX is waiting on Iconic to deliver a significant amount of material for testing. In order to optimise their resources, the Iconic team has decided to provide SX metallurgists with the material from the drill core. So we are waiting on ICM to complete their drilling campaign to be able to move forward. In the meantime, we are in discussion with other lithium companies that have shown interest to provide similar material to us so that we can test it with our process. We hope to be able to provide some updates on this as soon as it is available
Will IDK participate in the success of Zeu in the future?
Frank: YES, the collaboration that we have with ThreeD Capital has already yielded some fruit.
Can we expect to hear any news on Iceland in the coming months? If so, what has been going on over there which you can share? Frank: Yes. We are planning to file, with the Icelandic Government in the next few hours, our proposal for the different work program this year. Permitting is being done at the same time. We would like to be able to work on Thor and Reykjanes later this spring if we are allowed to and also organise a few visits with potential JV partners who could help us develop some of the other areas making it easier to cover more of the land.
What about the Julie Nickle Discovery and KOTN? Frank: We received proposals for the 2018 exploration campaigns for WinterHouse, Julie Nickel, LeRoyal Lithium and some thing is being worked for the Muscovite assets. King of The North that has the WinterHouse project option should update the shareholders later in April on that topic.
Final Question.....and answer
St-Georges has a lot of things going on but shareholders are being left in the dark since the ZeU deal, do you feel you have given more energy to the ZeU deal vs all other projects? If not then what has been going on with these projects. Frank: The large amount of information from third parties sources on the internet in regards to Tiande and ZeU might make it appear as such.
HAPPY EASTER EVERYONE.....PLENTY TO CHEW ON HERE. SHORTS WILL BELIEVE THEY HAVE MORE TIME TO PLAY!! THE DOOR IS WIDE OPEN TO BUY AT CHEAP LEVELS STILL.
I WOULD NOT BET AGAINST THIS COMPANY!! I am buying more after this update. I did not sell any and have been accumulating except for the last few weeks.....now its green light time again. I don't care about the price right now. I do care about executions, and it would appear plenty will be in the offing soon. I can wait as long as it takes....can you?