Prelude Financial Inc IZNN

The new management

[Caribbeanman]

I recently was able to sit down and talk to the new management who developed the new product and business model. This is virtually a brand new company now, back trading in Canada. I'm in.

[tombomb27]

Good to hear. I'm back in. Lost money when it was CADY but looks like they have a better product now. Always thought it was a great idea. Just need to see some interest from advertisers. Don't really understand why they're going to launch IZON Ride when they still haven't brought in any significant revenue with IZON Golf. Hoping this is the year we see some meaningful revenue! Have

[Caribbeanman]

I'm still holding 100% of my paper from 2013 and I added more a few months back. Averaging down. Totally different management now, totally different way of doing business. Waaayyy more experience in creating products. I'm very hopeful that I can recoup my initial investment plus some

[tombomb27]

Ya I got back in this year. Nice to hear they’re going to IPO on the Canadian market. They were supposed to years ago but finally seems they’re in a better position now to go through with it. Hope we get a corporate update on the number of courses and screens they currently have. Always loved the business model. Just need to see some bigger interest from advertisers and get a nice big cpm rate in

[tombomb27]

Just saw there's filings on sedar.com that I haven't seen before Not sure what to think of this OnMarch25,2019,theCompanyenteredintoanon-bindingletterofintenttoengageinareversetriangularmergerwith a third party. The proposed transaction shall be structured as a reverse triangular merger, pursuant to which the Company shallmergewithandinto the third party, from which the third party shall

[Caribbeanman]

I converted this to a word document to get rid of the merged words so I could understand it. I believe the 3rd party is management and they've put up several million dollars. I don't know enough to comment only that I've heard the new management has put up a lot of money in exchange for shares.  Rewritten.................... The proposed transaction shall be structured as a

[tombomb27]

Has management ever told you how they create awareness for the platform? Doesn’t seem they’ve ever brought in enough advertisers for meaningful revenue. Just been wondering lately how advertisers even know they exist. They’ve said in the past with 11,000 screens they allow advertisers to access up to 3 billion ad impressions. With 500 courses on board in the future that should result close to 40

[Caribbeanman]

Between run on sentences, merged words and unclear statements it's as clear as mud. The best I can gather it's due to the acquisition of another company or technology. Not management funds, 3rd party is receiving the shares/money

[tombomb27]

Pretty nice PR the other day. Possibly $17,000,000 in revenue for 2019. Would like to hear more about IZON VRE. Marketers can advertise directly to golfers smartphones while on 15,000 golf courses. Seems like they’re finally in a strong position to start making some serious money now. 

[Caribbeanman]

It appears with their experience, their personal investment of millions, their contacts and new business model they are poised to do some very good things