Bizmoto Progress, page-321

"They've had decent revenue growth for the last few quarters now... albeit from a low base."

I agree ...the revenue thats been generated is pleasing to see - I dont think any of that ( well perhaps insignificant amounts ) has come form Bismoto

Although I'm guessing the Bizmoto software architecture , would be very similar ( if not identical ) to the stuff they they are providing the banks now . So one would assume if thats the case the platform is OK - unless the banks do know any better ??? - and thats a possability

"They seem to be chugging along in terms of growth in Bizmoto Agents and Bizmo Go."

My concern is the the level of repeat users ... any one can sign up for the app - but if the app is not working , has glitches ...or after sales support is poor ..... then those signed up agents will be just names .

The theory is that the app works , solves a problem ..and gets used . The more familiar a user is ..and if they like it ..it gets used more ...the word spreads .

So I am thinking that IF they actually had 10,000 active users ...that mumber probably should have double or trebled IF the system was proving easy to use ....( word of mouth is very powerful )

So I dont really think we know IF they are chugging along well or not as yet .




"They have acknowledged that they are being held back by a lack of funds to use to ramp up growth."

Well lack of funds comes from not having a compelling story to tell , and my comments above are quite relevant ..... if they were showing real figures of take up and use and revenue ...then investor would be confident that their mission is succeeding ...the share price would go up ..and the guys funding them would be wanting more etc etc

As it is we've had this pathetic stand off and delay for about 4- 6 months - Why would you ( or anyone else) give them funds ..they've not proved them selves to be good operators or communicators ......and historically they talk about doing stuff ... then it never gets mentioned again .

"I suggest you don't buy any stock.... (although I know you probably are a net buyer)."

I hold a few , not many .....if I could see real evidence that these guys really knew what they were doing .....I'd buy more

So far I think they are dreaming

"I'll be keeping mine for a while yet."

Yes you just never know ... they might get some one who has a big wallet , who thinks they are the best thing since sliced bread !!! .

There is no doubt that the opportunity is there ...but also no doubt that there are some pretty smart cookies in the business ....PIL are marking time ...and I reckon they are gunna miss the boat !!

Naturally I'd like to see them succeed . WE all would
But hard to argue with the facts