ThanksInteresting points .. I hadnt heard..Googled point...

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skorpian

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25/10/23

16:39

Post #: 70534370
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Originally posted by User05: ↑

I appreciate the counterpoint.
However…

1. UniGroup, Atlas, National, and now SIRVA (Who was their #1 partner) have pulled out of the contract due to the rates. Please understand, Homesafe won the contract because they undercut all other bidders by hundreds of millions, if not billions. Now, the rates are so low that all van lines will not work with Homesafe because they will lose money hauling under the contract.

2. All van lines have technology that will give Homesafe what it needs with simple API’s connected into their systems. Drivers and van lines will not
implement another technology just for military moves. This means their operations crew would have to use two different methods to perform their jobs.

3. It has now been reported that Homesafe has ties to Russian oligarchs’ money. How do you think that is going to turn out in today’s environment?

4. Updater gambled to go down this route because they could get the money to do it. Their biggest and best attribute is fund raising on telling a good story. If it worked, the pay off would be huge but Homesafe and Updater didn’t plan on the entire industry pushing back like it has.

Finally - It is said that David Greenberg alone took in over $10M as a guarantee to make himself safe if the company went under. This does not include what Lindsey Dole and Ryan Hubbard took in since they are part of the inner circle. This information is second hand, from an inside source at Updater. It would be best to ask questions on a shareholders call.

I also look forward to the shareholders call and report. My guess, it’s not going to be good so I would prepare yourselves.

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Thanks

Interesting points .. I hadnt heard..

Googled point 3...

Quick question...

If there is a helpful product... it seems strange that no vanline will get involved and perhaps that is a market opportunity..

Anyway - Appreciate the thoughts, not sure about some of them, but time will tell.

UPD Price at posting: 99.5¢ Sentiment: Buy Disclosure: Held
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