Where oh Where...Is Marketwall North America?MarketWall NA, AnalytixInsight's next step towards worldwide monopolization? June 2021 marked another fresh challenge, the evolution of MarketWall NA. Propelled by the rocket-fueled success of ALY & MarketWall’s business expansion in Europe/Africa/Israel/Australia/Asia, as well as the apparent wide-open doorway into infinite amounts of Intesa customers AND the 'millions and millions and millions' of potential user conversions arising from MW app installations on NetRange/Samsung/other "devices", the next logical step was to conquer North America.
On June 22, 2021, AnalytixInsight offered up a “Short Form Prospectus whereby,
· “The Company intends to use the net proceeds of the Offering to develop a digital stock trading platform and deploy in North America the products developed by MarketWall. As described in the AIF, the Company’s big data analytics platform CapitalCube provides fundamental financial analysis on global stocks and North American ETFs. MarketWall has developed InvestoPro as a European digital stock trading platform and offers its next generation trading platform as a white label B2B product offering to banks and brokers under the brand GEMINA. The Company intends to develop a stock trading platform that is designed for North American users, banks or brokers that will integrate CapitalCube, InvestoPro and GEMINA attributes to offer real-time quotes, financial analysis, and stock trading.”
On June 28, AnalytixInsight announced that the offering had closed, exercising the over-allotment provision.
· June 28, 2021 (GLOBE NEWSWIRE) -- AnalytixInsight Inc. (“AnalytixInsight” or the “Company”) (TSXV: ALY) is pleased to announce the closing of its previously-announced overnight marketed public offering (the “Offering”), pursuant to which it issued 13,225,000 units of AnalytixInsight (the “Units”), at a price of $0.70 per Unit (“Issue Price”) for aggregate gross proceeds of $9,257,500, which includes 1,725,000 Units issued at the Issue Price upon full exercise of the over-allotment option. The Units were offered by way of a short form prospectus dated June 22, 2021 filed in each of the provinces of Canada (other than Quebec) (the “Prospectus”).
· The net proceeds from the Offering are expected to be used for digital stock trading platform development and North American deployment of MarketWall products, acquiring servers and data for the implementation of real time stock quotations, administrative expenses and for general working capital purposes, as further described in the Prospectus, which is available on the Company’s SEDAR profile at www.sedar.com.
Similar to, "Upon the successful completion of Marketwall's product integration with Intesa Sanpaolo's mobile platform and the achievement of other milestones, AnalytixInsight and Intesa Sanpaolo expect to jointly spin out Marketwall," it appears that shareholders and stakeholders remain in a similar holding pattern, a) waiting for the spin out of MarketWall, and, b) the arrival of MarketWall NA; two seemingly significant events in the evolution of the ALY enterprise.
Perhaps they are too preoccupied with onboarding the millions and millions and millions of active users, or calculating how to disperse the massive earnings to shareholders?