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I don't like it when management in a back door listing set...

  1. 11,329 Posts.
    lightbulb Created with Sketch. 1603
    I don't like it when management in a back door listing set performance goals to get more shares that are woefully low. Your mry vests a further 75m shares by just signing up 2 "significant" customers. Significant to them means $200k in revenue in a year. That's not significant as even with good margins that not a huge profit for such a big milestone. Then another 75m shares for $3m revenue in any 12 month period... Ever. $3m? So there will be 850m shares on issue once this happens and it won't even indicate great success. Not a fan of that, even of the tech is good... It's not a show of as much confidence as what you are showing fib.
    Zip has extremely tight register that won't blow out through them hitting easy milestones. Much nicer.
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