Ex-holder now, lost faith with management's ability to turn a profit, plus disgust at their ridiculous salaries.
To my knowledge: -the BizmoGo scooter business never took off how will it likely ever.
- micro insurance products never took off or made money
- micro lending through Bizmoto does not make money nor will it likely ever with the very low amounts of money being loaned to very poor people and the high costs of running.
The entire success of the business, IMO, lies with its ability to make money through association with Co-Ops such as MASS SPEC, by taking a percentage of transactions through their member apps.
Only time will tell how this plays out. Doesn't feel like it's taken off with the bang that shareholders were hoping for.
Daily Price Movement / General Discussion, page-3190
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