At this stage your right about creating their own content. I believe Reffind will also allow clients to manage/create their own content via a HR/Training managed portal. I have a strong feeling this would of been communicated to the likes of Air New Zealand and Qantas as this is something that could be very beneficial to them. They are yet to provide details but that's my assumption on what will happen. It has been awhile in development. There will be a limitation to the length of the videos though. I believe RFN are targeting short form training videos. What RFN will have though is mobility to mobile devices and I'm under the assumption the platform will also be available to PC. This is where I feel VPC could find it a lot harder to sign more clients against the likes of RFN.
What I have to add for VPC is they have been a company since July 2013. To date they are now generating roughly 500-600k revenue which is still half of what is required to break even. They launched their product in July 2014 so IMO the take up of the product has not been rapid at all. How many clients are they at? Just over 30? That's not a rapid uptake IMO. Hence why I think they could be a little slow to generate Shareholder wealth and move to a cash flow positive position.
VPC Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
