Posted On: 06/02/2015 3:34:12 PM
Post# of 18536
$CRWG huge mmj news out yesterday, ready to run here: http://finance.yahoo.com/news/crowdgather-eme...00130.html
CRWG became a publicly traded company in early-2008 shortly before the global economic crisis placed a devastating blow on the financial markets. With a limited ability to raise capital, the company was forced to keep its cash burn low and find innovative ways to build long-term value and stay alive. The relentless resourcefulness of CEO Sanjay Sabnani and his team ultimately kept the company alive, and now, prepared it to thrive.
The company began to change its tune in 2013 and 2014 after the economic recovery truly began to take hold and capital became easier to raise. In May of 2014, the company sold its flagship PBNation.com forum and other assets to VerticalScope and acquired Plaor - a developer of highly scalable multi-platform games - which generated $690,507 in revenue at an attractive 75% gross margin, as of the three months ended January 31, 2015.
CRWG became a publicly traded company in early-2008 shortly before the global economic crisis placed a devastating blow on the financial markets. With a limited ability to raise capital, the company was forced to keep its cash burn low and find innovative ways to build long-term value and stay alive. The relentless resourcefulness of CEO Sanjay Sabnani and his team ultimately kept the company alive, and now, prepared it to thrive.
The company began to change its tune in 2013 and 2014 after the economic recovery truly began to take hold and capital became easier to raise. In May of 2014, the company sold its flagship PBNation.com forum and other assets to VerticalScope and acquired Plaor - a developer of highly scalable multi-platform games - which generated $690,507 in revenue at an attractive 75% gross margin, as of the three months ended January 31, 2015.
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