Four points regarding 1PG revenue and communication for discussion:
1. INITIAL DISCOUNTS
Someone on the daytraders thread said his biggest concern is that 1PG might be offering the service at a big discount to their proposed rate to build momentum, and then attempt to jack up the price, whereupon the contract will end, which he has seen many times before. Does anyone else here have this concern or any relevant info?
2. THE PRESENTATIONS
The two pieces of info about revenue are in the October and November pressos last year:
October: 1,000 employees costs $5,000 per month plus a few dollars per proposal.
November: 1,000 employees costs $2,000 per month total.
So from October to November, the cost fell by 60% not even including the “per proposal” fee. What happened? On the positive side, the November presso shows 233,000 employees costing a total of $460,000 per month, so when they said >10,000 employees cost $10,000 - 20,000+ per month, the upside suggested by the + sign was excellent.
Has anyone done some detailed calculations? BTW, does anyone know what “proposal” means?
3. THE AGREEMENTS
The deals so far are called “agreements” or “pilot agreements” or essentially “sign ups to utilise”, and are vague regarding the details. Normally, contracts have timeframes like “$5m over five years”. So the vagueness concerns me. The agreements might only be “1PG agrees to let you use it for a nominal fee for six months, whereupon you agree to sign a proper contract.” Or something like that.
4. EMAILS
I emailed the CEO about revenue a few days ago, and haven’t had a response. Has anyone here emailed her? What’s the response been like?
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