This post is not intended to clutter. Things have been brought up and in defamatory manner against Rory regarding false promises, slander, accusations. Many here probably look in other forums and have heard the accusations, at the very least let me be proactive in an educational way. Mods you can remove, but at least afford an opportunity for some to read......
We have numerous new investors, lurkers and readers. This post is addressed specifically to them.... to again put to bed a few things that have been regurgitated regarding Nfusz from last year. I'm gonna lay out some facts along with opinion. You make your own decision. First lets get a few things straight and understood before hand. The Authorized Shares are 200 million, the Outstanding Shares are about 144 million, the float is 56 million, that leaves 88 million shares. Of this, Rory is the CEO, an attorney, owns 28 million the remaining 60 million are Insiders and Private Investors with 6-12 month restrictions. Last year Rory gave a possible revenue projection of $50 million and made other statements that didn't materialize. Now first, you can assume, call him a liar, deceiver, hogwash, pumping CEO who was blowing smoke and willingly made these projections to dump or dilute onto retail investors (the float). But look at the evidence, did this happen? Who STILL owns the equivalent of almost half the existing float? Better yet who STILL owns more than the equivalent float? Let me pause before continuing..... let me add.... who transferred his own personal salary for the last two years into shares yesterday? I was one of the ones hardest or Rory and team last Fall and Winter for these failed projections that not only didn't materialize but left unaddressed. I took a step back, long a hard look and examined the evidence. I apologized openly on the board (IHUB before became member here)some may remember. Sure Rory knows what I don't know, sees what I don't see. But I probably thought this through more than anyone here. First, Rory is an attorney.... lie and blow smoke?.... factual evidence shows otherwise.
Ok now before I continue let me set the stage and give you a couple examples from my life. You can chose to believe what I say or not, either way I guarantee you can relate. My wife and I have bought and sold over a dozen homes. Rented homes, bought and sold cars. Now we've had times when deposits were paid, almost to date of closing and people backed out. Signed contracts, backed out, renters change their mind, car purchases cancelled and so on, the whole shebang. Changed minds on loans. We've even been so close you wouldn't possibly think it would not happen, been so sure we already planned where money was gonna be used.
Now back to Rory and Nfusz, again he was either blowing smoke OR something was so close in discussions, even to agreement in principal and it didn't happen. Not some small contracts that didn't evolve we already know about..... no something so big and close that could deliver $50 million for the year, Rory was excited, the team was excited and he shared with us the year looks good, 'we can do this much possible revenue'. Now I'm not gonna speculate about the who, I have my own ideas and have hinted openly here before. It's a cutthroat world. Rory wants non exclusivity, he wants to build his own company, partnerships, contracts, deals. He doesn't want to sale at all at least not for cheap. Neither does he want to be in a handcuffed exclusive deal. This is a fact we all know born by the evidence. Now this big company knowing Nfusz is a small startup, no revenues, financially strapped tries to play hardball then says exclusivity or not. Rory is Rory, he says no, in no uncertain terms. So this company sits back and thinks, oh he'll come back. Well Rory is in a minor lurch, so he works and in September he gets a deal with Kodiak for financing as a back up and then hustles to find more Private Investors. He wants to build this company. This is a fact. Pays himself, third party contractors, and employees in shares. We know this as well. Then what do you know, we start working with a known BIG company in late Fall/Winter, he hinted to us about and ......boom in January 8k'd deal with Oracle. A couple more Private Investors, some more deals and here we are. Not diluted, no debt, he cleared the contractual obligation with Kodiak. And he said in the last SHAC call, I highly recommend for all to see. He now has a queue. Prospective, customers, partners and clients are presented to, given a certain amount of attention and time then Rory moves on, they drop down the queue. Does this sound like a company begging for clients? Enjoy the ride.
We have numerous new investors, lurkers and readers. This post is addressed specifically to them.... to again put to bed a few things that have been regurgitated regarding Nfusz from last year. I'm gonna lay out some facts along with opinion. You make your own decision. First lets get a few things straight and understood before hand. The Authorized Shares are 200 million, the Outstanding Shares are about 144 million, the float is 56 million, that leaves 88 million shares. Of this, Rory is the CEO, an attorney, owns 28 million the remaining 60 million are Insiders and Private Investors with 6-12 month restrictions. Last year Rory gave a possible revenue projection of $50 million and made other statements that didn't materialize. Now first, you can assume, call him a liar, deceiver, hogwash, pumping CEO who was blowing smoke and willingly made these projections to dump or dilute onto retail investors (the float). But look at the evidence, did this happen? Who STILL owns the equivalent of almost half the existing float? Better yet who STILL owns more than the equivalent float? Let me pause before continuing..... let me add.... who transferred his own personal salary for the last two years into shares yesterday? I was one of the ones hardest or Rory and team last Fall and Winter for these failed projections that not only didn't materialize but left unaddressed. I took a step back, long a hard look and examined the evidence. I apologized openly on the board (IHUB before became member here)some may remember. Sure Rory knows what I don't know, sees what I don't see. But I probably thought this through more than anyone here. First, Rory is an attorney.... lie and blow smoke?.... factual evidence shows otherwise.
Ok now before I continue let me set the stage and give you a couple examples from my life. You can chose to believe what I say or not, either way I guarantee you can relate. My wife and I have bought and sold over a dozen homes. Rented homes, bought and sold cars. Now we've had times when deposits were paid, almost to date of closing and people backed out. Signed contracts, backed out, renters change their mind, car purchases cancelled and so on, the whole shebang. Changed minds on loans. We've even been so close you wouldn't possibly think it would not happen, been so sure we already planned where money was gonna be used.
Now back to Rory and Nfusz, again he was either blowing smoke OR something was so close in discussions, even to agreement in principal and it didn't happen. Not some small contracts that didn't evolve we already know about..... no something so big and close that could deliver $50 million for the year, Rory was excited, the team was excited and he shared with us the year looks good, 'we can do this much possible revenue'. Now I'm not gonna speculate about the who, I have my own ideas and have hinted openly here before. It's a cutthroat world. Rory wants non exclusivity, he wants to build his own company, partnerships, contracts, deals. He doesn't want to sale at all at least not for cheap. Neither does he want to be in a handcuffed exclusive deal. This is a fact we all know born by the evidence. Now this big company knowing Nfusz is a small startup, no revenues, financially strapped tries to play hardball then says exclusivity or not. Rory is Rory, he says no, in no uncertain terms. So this company sits back and thinks, oh he'll come back. Well Rory is in a minor lurch, so he works and in September he gets a deal with Kodiak for financing as a back up and then hustles to find more Private Investors. He wants to build this company. This is a fact. Pays himself, third party contractors, and employees in shares. We know this as well. Then what do you know, we start working with a known BIG company in late Fall/Winter, he hinted to us about and ......boom in January 8k'd deal with Oracle. A couple more Private Investors, some more deals and here we are. Not diluted, no debt, he cleared the contractual obligation with Kodiak. And he said in the last SHAC call, I highly recommend for all to see. He now has a queue. Prospective, customers, partners and clients are presented to, given a certain amount of attention and time then Rory moves on, they drop down the queue. Does this sound like a company begging for clients? Enjoy the ride.
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