To those thinking of investing in this stock - I just wanted to reiterate the significance of checking out the video posted in this thread.
Key things I have taken out of it:
The debit cards are already ready to go! All they need to do is jump this final hurdle and we are off! Cards have been endorsed by and branded Mastercard.
A Cornerstone Investor has ALREADY approached P1 to invest between $3-5 million. Again - all we are waiting on here is the listing.
This is a worldwide program. It is not just a loyalty program where you earn points. It is a cash rebate program. This means you don't need to earn points to get your free item down the track. You literally buy the product and receive 10% back into your account. This is marketed as a new look for loyalty programs.
The loyalty programs are driven by merchants. Merchants sign their customers up to pay $2 per week and the merchant and P1 get 50% each of these takings. There are other associated earning that are split (watch the video). This means P1 do not need a sales team apart from running presentations to merchants.
They are the main things I took from the video. I'm at a point now similar to what I was with ANP recently, where I found the downrampers really stepped it up prior to the biggest SP gains. Hoping for similar success in GCN.
Lok
GCN Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
