I'm still on board, and have been on board for a while, however...

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horghe

268 Posts.

51

20/07/16

11:48

Post #: 18315893
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Originally posted by b4bmm ↑

Bang on mate and Russell fronting up 100k while already being the top holder.

Nobody would have been annoyed if he had only put in 15K the same as the other directors (maybe me) but he went above and beyond and he is in the best position to know where the company is heading.

Not only that but people have forgotten already the announcement a few weeks back whereby the conpanies current revenues could triple just by that one deal. If you can't handle 10% percent daily gyrations be it up or down without flipping out its best not to watch it daily. Not aiming this at anyone.

"Assuming a conservative 5% potential take up of the Velpic platform through this distribution partnership arrangement, the Company estimates an approximate 200% increase in current recurring monthly revenues within a 12 month period. "

That's only the first distribution agreement of many I'm sure.

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I'm still on board, and have been on board for a while, however we have to be careful when throwing out percentages related to the recurring monthly revenues because they are sooooo low. To put it in perspective, the YOY growth for 17 and 18 in the BH report is 650% and 186% respectively and that is off an estimated 16. Don't know how low the actual 16 was. As a percentage, that 17 number could be different.

VPC Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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