Weighing in on thisSo I think the product is pretty good and admit I jumped on board with the shopify news. I will reach out to the company next week by phone to get some clarification and updates regarding the company financials. Balance sheet is nothing to brag about mind you they have no revenues reported on any recent filings but I believe the product launched in September officially and reporting only shows results as of June 30th. I do like that all the warrants are .15 and up and besides 1 million options that I need to verify at .075 all are also around .15
The scalability of the product is what has brought me here. Considering the shopify launch if we assume an adoption rate of just 5% of the shopify merchants (400 000 according to news release but is more like 500k) at the base price of 199$ for the 30 day go product we re at 4 million in revenue. I do not know the margins just yet but I'm sure they are high. So again if during the year 20 000 merchants use the product only 1 time which is a 30 day service that's 4 million revenue and I'm sure you can do the math for some blue sky potentials...
If anyone has any corrections or additional info to add to this post feel free. I think on speculation alone we can see .25$ share price very, very easily without any significant reported revenues. The intelectual patent is a nice plus.
Regarding the CEO, I believe he sold his last company just under 25 million. It had 15 million annual revenues, that's from some online articles I've found. This guy has a tract record that is encouraging to say the least.
The insider sale of shares is somewhat strange but then again everyone has a reason for selling. At least he is the only insider selling and didnt sell at the top...from what I know he is also involved with another company and insider action although used as an indicator for some should never be your only reason for buying or selling a stock. Insider money does not always mean SMART money.
Good luck everyone looking forward to the rest of 2018.