VIDWRX INC SMDWF

RE:RE:Asking myself questions

[cheval57]

Mike49 you should give a call to Greg Werbowski. I think he will be able to give you more details about how the company is financing itself right now and of the future financing. I talk to him on a regular basis and I did ask the same questions regarding financing. But I prefer that you get your own answers to your questions from him. 
The figures mentioned by tunee does not reflect my understanding of the situation. On september 30, 2014, the company had 843,107$ of sales unreported as revenues in the revenues of the third quarter because revenues are only reported when a finished product is delivered to customers. So, these sales will be in the fourth quarter results. This fact is known. Sales and revenues for october, november and part of december will be added to that figure. These figures are not known by anyone yet at least publicly. My easy guess is for more than a million dollars in revenues for the fourth quarter and this figure will problably be conservative. This is quite different than the amount of 78,013$ in revenues that were declared in the third quarter.

One interesting point about the 1.5 million private financing announced previously is that it is debentures convertible into shares. It is true that the interest rate is at 12% but the accumulated interests are payable only at the time the debentures mature; in three years if my memory is exact.  And the company should be in a better financial position to pay the interest when the debentures will mature if their business plan succeed; andI I think it will.

Somedia has a fantastic platform that other companies in their field do not have. Greg mentioned to me that in december they receive a call from two major companies that want to use their platform. Somedia did not even have to market their product to them. They heard of it and saw the great opportunity to get on board. No other companies in their specific market can provide what they do. These two companies were not mentioned yet in the public news since a formal partnership contract is not signed yet.

Greg is telling me that the future months will the same as for the preceding months with more news to be published about new partnerships. More good news to come.