PRA (ASX) Friday Thred

Originally posted by Boomorbust ↑

During the Quarter, Promesa has made substantial progress in bringing to fruition the development of the unifying messaging platform and at the same time re-evaluating the Peruvian exploration assets.

On April 13, a Heads of Agreement was entered into to acquire 100% of the issued capital of Thredit Ltd. Thredit Ltd has developed , a messaging platform enabling cross-platform communication. The option to acquire Thredit Ltd was exercised and announced on May 7, 2015. This is a ground-breaking system and Promesa is delighted to have exercised its option.

Thred will enable all users and groups irrespective of the social media to have a full networking, messaging, file sharing and conference capabilities. will have the potential to connect billions of users in the social media space.

ALPHA testing was completed during the quarter and shows that the platform backend infrastructure is robust. The development and design teams have achieved impressive results through testing in ALPHA phase and have demonstrated the incredible potential of the platform. BETA development is in its final stages.

Several executive appointments were made to guide design, engineering security and marketing. Mr Chris Adams was appointed to the Promesa Advisory Board. Mr David Whitaker and Mr Jens Nielsen, co-founders, were formally appointed.

The exploration assets of the Company have been reviewed during the quarter in light of the impressive development progress and future of . The Company has reduced the concession area under its control from 29915 Ha to 3086 Ha. This followed an independent review of the Alumbre Project and its results both current and historical, an in-house review of the remaining Promesa projects and an independent valuation of all projects.

I doubt it's all fallen over in a week since the Quarterly @RedEmperor..

Notice the little bit of extra tech info given in the quarterly.. File sharing & Conferencing.. B2B..
Interesting..

"A ground breaking system"..

Strap in!

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You tagged me incorrectly, I just stumbled across this. What are you referring to? Why the tag? If it was due to my post yesterday, that was all in good fun in that humour thread

Good luck as always