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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

Post by yaz1980on Jun 27, 2018 1:07pm
138 Views
Post# 28237889

Talked to Todd

Talked to ToddI had a chat with Todd two days ago and asked the following questions: 1. Why you did not land any ctract in Europe even after the partenership with Maidsafe. The answer is was exactly the same as the today's news release. He mention that they are adopting the strategy of education and raising awareness to let people know about the new regulation and how to comply with it. He also mentioned that it will take sometime for different sectora to comply with the new regulations and they are working on some contracts right now. 2. Why there is no dollar sign in the news release, as people could not estimale the revenue. Also we dont know the increase in the clients from month to month. He mentioned it is hard to disclose tnis information as they are agressive about the price of the service tbey provide. They give discounts to organizations as the number of clients increase. and they dont want to diaclose these information. He mentioned that the bottom line in this stage is to bigger market share and become well known company. So it is not a linear model. 3. When do u expect to reach profitability as the revenue increase quarter over quarter is not significant. He believes that based on the contracts they already have and the ones they are working on now and the expected future contracts, the company will be profitable by q4 2018. 4. Last question was about the currwnt share price. he mentioned that the share is way under valued and the main rwason for that is it linked somehow to crypto currency and it went down qith all other crypto stocks.
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