RE:RE:9 Years is BS / History Lesson - from JeffHey disosa,
Uh you may want to get your glasses checked out for a new prescription or maybe check some of your ego at the door. Where in my post did I ever say that you referenced GRB's operating history as 9 years?
"I have heard from others and I myself have referenced GRB as not earning revenues for “9 years” more than once. I contacted him because I wanted more history to set the record straight."
I am glad that you are a loyal shareholder. Holding your shares for this length of time is undoubtedly frustrating. I admit I made too sweeping a comment about 'disosa's inaccuracies and mischaracterizations' because indeed there are also things you talked about that can't be argued about. And do not worry I know how to read Sedar.
I agree the disappointing share price can mainly be attributed to the lack of revenue generation since 2013, the demise of VEG and Gauzy Glass that has gone nowhere for example. These are actually good counters to the positive things that hold true and are talked about more often: the lack of dilution; the incredibly low overhead anchored by Jeff working for free; the great contributions made by other directors and friends; Jeff's work ethic, etc.
When I was thinking about mischaracterization or let's call it perspective, my take of it is that it is much better to have something that is an incubator of ideas especially when the cost of the efforts are so small, while the main thing, Montalva winds its way to a conclusion (we hope). This to me is a much better alteranative than a one trick pony, when the Venture graveyard is so easily filled.
This is my main complaint about what you wrote in your original post and I definitely stand by my description of it as inaccurate and a mischaracterization. I am particularly sensitive to it because RB is to me a bigger potential than Montalva and is something imminent and big. And to describe it like this ..
"Realblock 2018:testing is ongoing and 14 million revenues is projected but at last very dissapointed investor call update it's clear that 14 million is a wild guess...so no revenues yet and maybe later in 2019 but nobody knows (even not the management)"
You call tthat a very disappoinitng investor call? You found out that FATCO the second largest title insurer has endorsed it, and that is very disappointing?. That they are talking to Old Republic and the Coldwell owner and that''s a bummer? Man if you say so, tough audience.
In the call they absolutely explained the $14 million origins and said that was an estimate made at the time and Jeff has taken responsibility for it. I myself have commented many times that I think this no. was much too high especially for a co. with a low $20m cap at the time. Why put yourself out there like that? Under promise and Over deliver, Jeff!
What do you mean nobody knows, not even management. No one can predict the future, no one can tell us how much, but management is clearly telling us that they expect to earn revenues and they clearly stated that they expect it to commence upon completion of the security audit, and that in turn is expected to be Feb 1, 2019. "Even not the management" is a cheap shot.
They fully explained that FATCO has endorsed the product and that they have 10 to 15 companies lined up to be first adopters. These are companies headed by guys the Tommy knows and furthermore they are called "friends" (from the industry).
When you say not even management knows if they are going to know, did you consider that Tommy's companies will be fully converted by Feb 1 and good to go? You think they will not generate revenues from Tommy's companies? You feel that strongly the audit will not pass or the system will fail? No one KNOWS true, but to dump on them the introduction of this new service with your choice of words is really something.
Regarding me as a pumper you don't now the first thing about me.