Bullboard - Stock Discussion Forum 3 Sixty Risk Solutions Ltd SAYFF

3 Sixty Risk Solutions Ltd provides risk mitigation services to the public and private sectors. It offers services primarily in the risk management spectrum, from providing secure transport services nationally, to embedding security specialists within Canada. The company also is focused on physical security and transportation within the cannabis industry. It also provides corporate knowledge... see more

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3 Sixty Risk Solutions Ltd > My Take

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Post by DiamondBoy1 on Apr 16, 2020 9:41am

My Take

For what it's worth here is my take on 360 secure.

First it was financed by the purchase of over 20 million shares at $.85 per share. That purchaser only received about 20% of the company and the other 80% of shares raised only about $2 million. This is most peculiar and lead me to speculate that the big money was not kosher and needed a good rinse.

Second, Thomas G is a security expert with little or no business experience. The departure of three top executives and three board members might indicate that he is a difficult guy to work for.

third and most important, safe is able to make lots of sales, their marketing material is impressive, they certainly look professional but the business model may be broken. They have very high capital cost to purchase equipment, they have high payroll costs and they are burdened with much government regulation. Good revenue but high costs and no profits. Time ran out. Inkas was in business for a long time and they sold, likely because they weren't making much money. People don't sell when they're raking it in. 360 secure has no magic formula to address what incus was unable to solve.

Food for thought.

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Comment by TomasG on Apr 16, 2020 9:48am

ouch! you are very anti Thomas G. Did he fire you from the company?

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Comment by DiamondBoy1 on Apr 16, 2020 10:04am

No I never work there. The company is failing the buck stops with him, he's the boss. It's not personal. As I mentioned I think they made a brave show of it. They convinced me I put some money in.

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