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Was tipsly what they said would get 50k new customers?

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david.brent

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04/03/18

13:53

Post #: 31511584
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Originally posted by MrSiliconValley ↑

Tipsly website registered in February 2017

Deal negotiated in May 2017

Tipsly LLC wasn’t registered until five months later on 20 October 2017 (to Tyler & Ryan O’Rear)

Tipsly was acquired for 3m BIG shares at $0.60 plus another $2.4m in cash and scrip

An additional 1.8 million (valued at over $3m at time of issue) BIG shares were paid to Thirty Three Affiliated Holdings, (of which Doug, Cydney, Tyler, & Ryan O’Rear are directors) in return for ‘services’. It’s not clear what this was for, nor what services were provided that weren’t already included in the Tipsly transaction.

Until very recently there were videos on Youtube (via Brandon Evertz’ YouTube account) that showed Doug O’Rear at social events with (presumably?) the BIG CEO, suggesting a social connection

If you look around the Tipsly site there’s certainly not much there. I have been checking for a while and I haven’t been able to find the app in either the Android or Apple store. (I don’t have an Apple or an Android device though, so if you check today and that has changed, please let me know).

If you look at Tipsly screenshot of technology, they're just ideation templates that you can buy off the web.

Courtesy of http://www.10footinvestor.com

TO recap, BIG management appear to have a close family/friend connection with two guys who happen to start a company called "Tipsly". Literally a few months after the website was registered, they negotiated a deal for BIG to acquire them for their "technology". Only 5 months afterwards did they register for LLC. It appears the technology doesn't exist publicly anywhere and the screenshots provided are just templates that you can buy, download and modify.

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Was tipsly what they said would get 50k new customers?
BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Not Held
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Was tipsly what they said would get 50k new customers?

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