RE:Thoughts It's just more dilution for the complete worthless services that they receive from Agoracom and Market One, two investor relations companies that doesn't have an audience at all. Just look at the last interview that they did with Agoracom, 77 views, talk about an audience. And 99% of that is from investors that already own shares. Remember that they will issue a total of $60.000 worth of shares to Agoracom for a 1 year relationship, they basically pay $60.000 to get interviewed by George? Is it worth it? No, he can't even compress his videos.
And Market One, they are going to pay $140.000 worth of shares during a 1 year period to them. Just look at the last small interview that he did with them, 10 views, amazing!
So in total they will give around 1 million shares to Agoracom and Market One, that's on shareholders expense, do you think it's worth it?
This is what you get when you have a management team with no experience from public companies. Jesse says he can get the company to $100 million in revenue in 18 months, but that's acquisitions included. What happens if there are 400 million shares outstanding at that time? Because I wouldn't be suprised if that is going to happen.
The problem here is that the management team have no interest in maximising shareholder returns.
Jesse have said that they could do 100 integrations this year if they wanted to, but decided to do 30. Say they do 100 integrations next year, That's almost $60 million in revenue. So what's the point of doing acquisitions this early when you could create cash flow to acquire companies later?
They're a $12 million company that acquired a $4.5 million company. Like I said, they don't care about maximising shareholder return, they will pay $3 million in warrants to Impression X, that's another 15 million shares.
I am stuck here and refuse to sell with a loss, but I hope someone will come and do a Hostile Takeover on them one day.