Hey GreenFever, Guess I'm ready for that train t
Post# of 5570
Guess I'm ready for that train to leave the station. We've been flying in this holding pattern for some time now.
My problem is I don't understand enough about the technology to know what it is Victor and company is trying to do with MindPix. What is it about the technology that makes it better than similar technologies and better yet how do they generate a steady revenue stream using this technology. What markets will they target and which companies will they compete with. Is it their access to certain artist/entertainers that will help them execute their business plan? So far some of the press releases are vague and cover a wide spectrum of possibilities. I would appreciate input from anyone that understands their technology and how they will utilize it going forward.
My wife has developed a strong interest in Nascar racing over the past few years. We were able to attend the race in Talladega a few weeks ago. Unbelievable to see that many cars traveling around an oval track at over 200 mph. The least little error could have take out 1/4 to 1/2 the drivers at any time during the race. Her favorite driver is Jimmy Johnson. Wednesday night, Nascar held a15 minute live streaming interview with Jimmy Johnson. You could log into your social media account (Facebook, Twitter- don't remember the third one) and ask questions before and during the interview. While watching and listening to the interview you could also read all the questions scrolling down on the right side of the screen, which was something I had never seen before. The interview was free and I'm sure is something many race car fans would be willing to pay a small fee to access.
Until Victor discloses specific details to shareholders, we still don't know much about their business plan and time line for execution, which is key to any company's success. IMO, a steady revenue is key to attracting new investors and will no doubt influence the current share price.
Once the plan is in place what will they do to secure financing. At one time they were going to use the music library as collateral to secure financing but have since given the library back to EMXC. If that's what it took to get rid of Roxanne then I consider it a smart move by Victor. Most penny stock companies raise capital by selling stock but, you can only raise so much money by selling shares of stock. Without proper, non-toxic funding, MindPix can not and will not survive.
I followed EMXC blindly and refuse to do the same thing with Mindpix. As a MindPix shareholder, Victor still has to prove himself to me. Until I see something concrete, I'm still skeptical.
Hope to see Victor revealing parts of his plan soon. I'm ready for a substantial return on my investment. I'm sure some shareholders are already sitting on substantial profits but others that bought at higher levels are still in the red.
Hope all the MPIX longs have a nice weekend!