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VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."


GREY:SMDWF - Post by User

Comment by CDJ9292on Mar 21, 2016 10:07am
203 Views
Post# 24682943

RE:RE:VidWRX to issue debenture to settle bridge loan

RE:RE:VidWRX to issue debenture to settle bridge loan"..1. Significant reductions in monthly expenses. 2. Significant staff reductions through the elimination of non-essential sales, marketing, technology staff and redundant corporate positions. 3. Significant reductions in management compensation. 4. A refocused sales strategy to expedite revenues realized rather than bookings generated. 5. A focus on larger existing customers that can immediately move into high volume video production. 6. A focus on fewer but larger qualified active channel partners or resellers. 7. The proactive establishment of strategic business referral channels with major social networks and video advertising platforms targeting SMB's. 8. A reduction in corporate debts and payables through a combination of share settlements, renegotiation and payment deferral. 9. Rigorous monitoring of costs, margins and cash."


This one paragraph is music to my ears. Immediately bought more at 0.02 as soon as I read this. After this halt I wasnt sure what to expect, I was honestly hoping for maybe one or two of these points to be accomplished. Point number 4 alone would have been enough to convince me we are heading in the right direction.  We now have the right people in the right positions, with a rapidly expanding market. Good luck to all the longs!! This halt was a blessing in disguise!


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