I think the updated website is much better, It's not phone friendly but lets not forget this business is at the embryo stages so this improvement is just another step forward so for me it's a big tick!
The ITunes version of the app for Karaoke2u is now up and running so after the teething problems which will arise as with all apps then I'd imagine the next stop will be launching the app in Thailand which was I think is the real beginning of the ball game!
26 countries by years end means we could be launching in a new country virtually every week and I feel this will probably start in the next couple of weeks, this arm of the business I feel will have a real snowball effect and I'm very excited to see it grow.
Divan TV Joint venture will officially be launching by the end of the month and with a growing subscriber base of around 700,00 and they have been growing of between 150 & 200% by reports I have read and it's aimed at 300 million Ukranian and Russian speaking customer base worldwide!
Once launched it's a 50/50 revenue share so this launch is a huge de risk and HUGE step forward for the company!
Senior management as mentioned by
@Red Emperor are in Hong Kong and Europe currently so what will be the next string added to the bow? As mentioned by
@stevenjd we will have many horses in the race which is so much better than having one horse to rely on as many other tech and businesses do.
If you are long term then patience is required and I am absolutely sure the sp will be multiples higher in the future but if you bought in hoping to ride the recent wave and make a really quick buck then this may not be for you as we may not hear anything for a month but we also may hear something within days or weeks that could be a company maker and more importantly a life changer and I don't want to miss it!
Management have something like 35% of the shares in the whole company and I haven't seen any change in substantial holding even when we were in the 5's, 6's and 7's so the guys running the show have the most to gain which is very good! Also the company wants us to exercise our options for short term cash flow and in my opinion that means they will want us to exercise within the next 6 months and I might consider exercising a few at around 10 cents..
Good luck and enjoy the ride!!
