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23:12
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Originally posted by crazydave1942
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I will give you a rundown on the meeting, small meeting only 40 odd in Perth. Pizza and wine which was sweet ahahah. I was out of place in my shorts t shirt and running shoes ahaha it's hot. Now for the real stuff, I like the approach of the company they are almost ready to roll out and have been quiet on the tech and outcome and ed himself told me he was originally from a private company so he realizes slow and steady is the way to go. Yojee won't take to much on at one time it seems like management by the way they are talking want to get it right. Ed told me not to worried about Australia told me more interested Indonesia or Asia as a whole as there more market opportunities in Asia. I asked a few questions revenue comes in monthly and it seems it's on 12 month or 24 month contracts, I think it's 20% on each delivery not to sure on that but remember something like that. Asked about competition reckons it's to hard for someone to get the funds and means to compete, so it sounds like no competition in the near future. Yojee aren't interested in getting into big companies small and middle class companies it sounds like. After roll out in about 1 months time Yojee will market the product which is like the middle man and has other features as well. Sounds like the company is cheaper than it's rivals that's what they say. They also are in conversation with companies that will probably start after roll out, one is a airplane company that does fly into Perth. The product is connected (I'm no tech expert) but they mention something like it's connected to all the favorite social media companies once you download the app.
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Excellent Dave. Thanks for the feedback. Very little downside in this one at the moment, huge upside and about 6 months runway to see which way it will go.
(20min delay)