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Posted On: 06/12/2018 8:42:53 AM
Post# of 886
“The sale of our Plaor subsidiary allowed us to assign over $2.5 million in debt to the buyer, significantly reducing our indebtedness at that time,” Sabnani explained. “More recently, we have progressed our partnership with Tapatalk, the top startup in the forum space. What started out as a partnership has now resulted in us becoming a shareholder of Tapatalk’s while they run and operate our flagship hosted forums -- Yuku.com, Freeforums.org, and Lefora.com. Going forward, we intend to move our remaining properties to the Tapatalk Groups platform in exchange for a revenue share agreement. Tapatalk’s position as the dominant mobile application for forums worldwide is in line with CrowdGather’s original mission. Our stake in the company allows us to participate in the forum industry without maintaining an expensive engineering and hosting infrastructure.”
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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