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Pounce Technologies Inc. V.POI.H

Pounce Technologies Inc has no active business and is currently looking at new business opportunities for a strategic acquisition and a simultaneous financing.


TSXV:POI.H - Post by User

Comment by lscfaon Mar 01, 2016 5:59pm
223 Views
Post# 24610800

RE:RE:RE:Conference Call

RE:RE:RE:Conference CallHighlights...(to be confirmed when replay is available)

reduced employees from 91 to 78

Now at 12 major clients

Burn rate was 600,000 per month at fiscal year end but has declined since

insiders will participate in financing to close within 2 weeks

Some insight into the process: on-boarding of technology has become quite automated (as little as 2 weeks) but retail clients tinker with the user experience to get it right. (BestBuy spent 120 days messing around and settled on a little camera icon on bar of webpage.) So it takes 6 to 12 months from the time a client is signed until revenue starts flowing to SLC. Retail clients take 3 to 12 months to fully market the feature in their apps to their customers.

Live question from Alex Silverman (analyst?) about Slyce Link. It will have its first customers in the next few months. Easy deployment. High ROI for retailer so easy sell. I believe Mark said this could become the second largest revenue generator in 2016.



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