I have held numerous positions previously and even participated...

  1. 138 Posts.
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    I have held numerous positions previously and even participated in the mid 2020 SPP, as I work in the real estate industry however since experiencing the product and documenting its capabilities in previous posts throughout the last 18 months, I had sold out.

    The product that AO1 are offering can so easily be replaced by FREE services that already exist, and that every single agency, agent, tenant and landlord have access to, most notably Factime... Many people are very very confused about the actual product being offered and are being flustered by some pretty presentations. Look at the numbers, $4,000 in revenue a month. A rough guess would lead me to assume that 2, maybe 3 agencies are paying for the service. If this product saved time and money, it would have sold like hotcakes but it proving almost impossible for management to sell, even after PARTNERING with REIV in Victoria, literally the leading Real Estate body in Victoria.

    I have said time and time again, I think the product has potential if improved however management seem to be performing dismally and the company is 1.66 quarters from going broke, and even just stated that they expect an increase in operating expenses. Do your own research but a few months ago everyone was laughing at me for suggesting there was going to be a big CR and as predicted, I was correct and holders got taken for a ride and diluted heavily, and the SP hasn't moved since then (except for a pump and dump to allow the insto's to take their profit and run). As stated and demonstrated countless times, I know both this product and the industry inside out, this is not a new technology and is currently competing against well developed, free technology. If you've ever sat in a room trying to train a real estate office on a new technology, especially one that involves new apps or software, you would know you are fighting a battle up a VERY steep hill.

    Good luck and I hope it goes well for everyone, but the companies finances are getting worse and worse with each passing quarter and there is more and more risk growing, with the reward being diluted down with every CR.. A potentially good technology being wasted by terrible management that in 12 months haven't been able to secure more than about 10 free trial customers in WA and SA.
 
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