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Identillect Technologies Corp V.ID

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).


TSXV:ID - Post by User

Comment by GreenReturns1on May 31, 2018 9:52am
111 Views
Post# 28104612

RE:RE:RE:RE:RE:RE:This is the only part that worries me

RE:RE:RE:RE:RE:RE:This is the only part that worries me

I already placed a call today and left a message, I expect to hear back from them today and will post if I do... looking for clairifcation on a few points:

Q1 2018 is only up 12k from Q4 2017 - we signed First Majestic (approx 3500-4000 employees) Qubechain, and The Arkansas Bar Association... among others. For us to be up only 12k suggests either we have been mislead (intriguing, as we are always left guessing about the actual value of these deals) or they are losing clients almost as fast as they sign them. 

We also saw the cost of salaries drop, meanwhile multiple postings have popped up over the last few months for job opportunities at ID. Are they losing people? 

There hasn't been any update on the Maidsafe partnership, or the MFA product developed with Qubechain, or the SSO product launched in early Q1.

We haven't had an update on the 100 Qubechain sales reps selling DT to their ACO network or the deal with Community Dental Partners, among others. 

The Smile Savy agreement was promoted as a success with a high close ratio but the NR specifically said "40% of the clients who viewed thier product purchased it" - I am now cautious of this statement - Was it 40% of the network (1500 practices) or just 40% of people who opened the email and viewed their product? 

Not sure if I'm missing anything - I obviously want to know how Todd intends on reaching profitability based on this trend? The elephant in the room is the fact that on top of all of this, we also haven't had a single new contract announced in a month.

If I'm way off here and shouldn't be concerned I'd appreciate some opinions - or if there is anything you think would be worth asking during my call please let me know, 

I have NO interest in this dropping any further - in fact, I'm in the red which I never believed to be possible with purchases made at .17 and .20 over 6 months ago. I'm an average investor like many of you.

Thanks, 

 

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