Another update 2MOS: So I had a nice conversation this afternoon with the CEO.
Disclaimer: I in no way represent the company. My comments here are public discussion of a publicly traded company. If you take issue with the content then by all means take it up with the CEO.
Marcel Vienneau
CEO T: +1.514.394.5200 (Ext. 413)
C: +1.514.919.4299 TF:
+1.855.521.1221
Skype: marcelvienneau2
· Discussion regarding Troy Crandall from yesterday’s CSE filings. He has been brought in to provide research analyst coverage of Mobi724. He is not part of the US based IR firm that launched last week. His pedigree speaks for itself; BNN, CNBC, Bloomberg etc
· Recent intended hiring is completed
· Pay attention to the short form prospectus as it sheds light on a convertible debenture settlement which this 1.1 million shares etc represents.
· Fully diluted share count is approx. 187 million shares. MV emphasized that there are a number of warrants and options that will not be exercised.
· We can look forward to a website enhancement initiative by the IP firm engaged.
· He has reiterated his intention for no further material dilution of the company
· Revenue growth Q over Q is projectable and sustainable and targeting 5 million a month in the medium to longer term.
· Reaction to Mobi724 solution, by all banks engaged has been very positive
· IR circuit calendar is complete and should be posted soon on the website. Will be in Vancouver sometime during the last two weeks of November.
· He recognizes that the market is ready for significant material disclosures and emphasized 3 times during our discussion that this is the week and we can look forward to the pr roll out.
· He also reiterated that he is a no fluff CEO and will not make press releases that are not of material significance.
· The company is fully funded to take us to EBITA positve in 2018 at which point he anticipates leveraging off of other non-dilutive funding resources if needed.
· When I asked about the Philippines (Which I believe is the imminent catalyst) he indicated everything went very positively. If you recall from my post last weekend the final test was to be conducted this past week. My personal inference is that that went well and we can look forward to the launch. A key component to success in the Philippines is that the company representative present in the Philippines in fact relocated and lives there on a permanent basis for the past 18 months which has greatly enhanced the interrelationships on the ground there.
· GLTA & DYODD…. And yes by all means call the CEO directly.