Gatekeeper Systems Inc V.GSI

CSI interview

[Ciao]

Cameron has booked an interview for later this week. He's taking questions, whether they get answered remains. I've asked when GSI will start reporting recurring SaaS rev, directly or indirectly with MDC on subscription plans in their financial statements.

[Ciao]

2nd Q: What are the reasons that institutions have said why they have not taken an equity position in the company If anyone has questions, you can ask Cameron on his discord channel to convey to Doug

[mirdad22]

The company says in their recent filing "backlog continues to remain, strong, and the Company is actively working on several sales contracts and competitive bids". But they don't state what their backlog numbers are.     This could possibly spook some new investors off. All else looks very positive to me.

[Ciao]

Visibility on MDC subscriptions is likely a concern as well. With 50,000 MDC out there and at last mention, only 1,000 or so were contributing to SaaS recurring rev. If 10,000 MDC'w were on subscriptions at anominal fee of $30 USD / month, the contribution to revenues would be $1.25M CDN per quarter. Those are high margin revenues. Having substantial recurring rev is a question of when rather

[davewho]

my understanding was that the initial 1000 were being hosted by GSI's own server system and that was the max they could handle. When more clients wanted to sign on with SaaS options the decision was made to open the data center. GSI would have only spent the money to set up the data center if they had customers waiting. IMO If there were no customers waiting then opening the data center to

[Ciao]

And Jason Harris to drive the Student Protector Program as they realize the need to light up the MDC's. The new May 2024 investor presenation is up. Slide 7 highlights the hosted services.