RE:RE:GreenReturns1-GreenReturns1 wrote: Hey guys, the call yesterday went really well.
We touched on a lot of things that have been discussed here, we also talked about the bullboards online and the company is aware that there is a lot of noise, online. I don't want to contribute to noise myself, despite the fact that I've been overly frustrated at times with my investment (like many of you) and I've expressed it here and in the group chat... regretfully letting my emotions get the better of me. I guess my point is that although nothing is ever shared with me that isn't public - I urge you all to try and speak with him at some point if scheduling permits to hear some of this for yourself - and avoid feeding the trolls... A couple takeaways though:
1. Fluctuations in revenue is normal and is expected. ID like any business has problem payers and clients that tax their resources to a point that make a contract more of an expense. These contracts are terminated when necessary. In Todd's words, he likes to "fail fast" especially at this point in the companies growth.
2. Subscriber numbers aren't shared for a specific reason. If they approach a prospective client that is large the numbers may signal to a big organization that ID is too small to work with - despite the fact that the software is easily integrated and implemented and their 24/7 tech support can handle the volume. They need to get in the door.
3. Todd describes the company as "thriving" and growing. However, agreements with a company like Qubechain, although beneficial, doesn't equal success over night. They are a private organization that operate at a different speeds so although they are enjoying success thru their partnership the realization of additional revenue will come slower than we expect... and that's a valid answer imo.
4. Maidsafe isn't necessarily just a door to Europe... it's a pathway to new tech in cybersecurity and that is the main purpose of working with them. They've spent 10 years and millions of dollars developing a way to "decentralize" information - much more sophisticated than blockchain applications. Todd is forward-thinking and wants to be at the forefront of new cybersecurity technology. This agreement is another way ID can reserve a seat at the table before the market even takes notice.
5. Profitability CAN be reached this year - however it will depend on the clients they can sign. Negotionations can take two months and end with nothing. It's difficult to predict, but he will only go to the market for financing if it's to scale growth faster than expected. If they need to invest money to serve additional, large clients - they will get the money they need today to reach a new level of success tomorrow.
6. ID wants shareholders to make money, but won't make a decision just to buoy the SP. it's secondary to the execution of a sustainable business model, and the gains will follow. We always talk about the fundamentals not changing, this is kind of in line with that.
7. ID won't be around in 10 years. Todd will prove that the patented tech works, the business is growing and the market NEEDS this level of security... at which time, they will be an attractive target (if not already) and eventually will be sold.
Im guilty of wanting my gains now. This is microcap stocks and long term holds are usually a little frustrating, on an exchange where companies can increase in value by 30% over night or 1000% in a year we want our gains now. But as we know, it's really only traders who benefit from that type of volatility. This is a reminder of why I'm invested here, cybersecurity is a massive market and ID is doing everything right. The financials obv signaled concerns, particularly regarding revenue. But there were a lot of indicators that this is actually a company being operated responsibly and is growing... which is really what we should be looking for.
Hope this is helpful, really looking forward to seeing where the SP is at in six months... until then I'm just gonna stop watching. Stop worrying about what I could have done or what's running hard today, because so far I'm impressed with everything EXCEPT the SP. The gains we saw were artificial, blockchain ran and we got caught up in it, a traders dream. But as an investor, I don't think we are even close to what will be realized in the long run.
sounds like going to be a long hold. I assume you won’t be adding more share.
Thanks