Hi guys, I thought I would make a thread about the information I gathered about MYQ at Sydney Techknow.
This time round, I was also very thankfully and fortunately able to attend a dinner with the MYQ team and got to get right up close and personal and ask questions.
My first concern was whether MYQ had a habit of just signing deals and then letting them float and slowly die off with nothing ever eventuating from them - E.g., Mayweather and McGregor apps. And it was a big relief to me to hear that those two are certainly being actively worked on, and we should hear updates about their progress in due time, and that we may not have to wait as long as we think for at least one to launch live (Mayweather app is currently already accepting pre-registrations, and they have 1.7m pre-registrations for the app).
My second concern was why the long quiet after the EVOLT app launched and was happy to hear that this would also be coming about very shortly. It sounds like the engineers on EVOLT's side are a bit slow in getting things together and MYQ have been pushing for a launch asap.
I asked about the Wechat deal, and while they do have some very viable solutions and workaround for the sizing / mini-app issue it all depends on Tencent in deciding which method to go ahead with, but Tencent being such a massive company has a lot of red tapes and internal conferring to do so it has been a bit slow last few months, but happy to hear that this is still going full steam ahead.
ACAM also do not seem upset by the share price at all, and are very happily continuing to pay out for their $0.60 shares still. I like their confidence and they are following the whole invest in the business, shut out the noise concept.
Boditrax also of course still very much on track, heard that they're growing quite well in the meanwhile as well with over 7m users (6m at the time of announcement and sounds like this will also be launching quite shortly.
Overall, I heard some great stuff about the ongoing deals, I may have forgotten a lot of the specifics they said in regards to each deal, but the important takeaway I took was that the company wasn't just making deals for the sake of keeping the market happy, but instead they were doing this to really commercialise their app, and grow their company. I managed to meet a large portion of their team, including their CFO, Steven, their Design director, Ryan, the COO, David and of course Vlado himself. An incredibly charismatic and smart team and I really don't think they deserve the negative comments they get from a lot of posters on here. They aren't here to let their stock get pump and dumped on the market and they are doing everything they can to start generating as much revenue as possible with their technology. I feel like the company is in great hands, and the downrampers here can keep going because really thanks guys, you're just helping me accumulate more shares at cheaper prices and getting rid of the weak hands for us. So really thanks. I wish you guys could see what I see in the company, but it's your loss anyhow.
Overall, it was a fantastic day, the team really know their stuff, and they're talking to some big big names by the sounds of it that they of course weren't able to divulge but I do hope to see who and what the deal is shortly. Good luck to all holders
(20min delay)