Ok. Fair enough but I really don’t know much at
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Posted On: 11/08/2020 11:56:36 PM
Ok. Fair enough but I really don’t know much at all about SafeVChat. I was invited to see a demo but I think was a little upset about the share price, being a long investor in the Company and in addition to that I was busy promoting IDentityUSA and when PJ was doing the almost daily webinars there wasn’t much room for anything else.
Blocksafe Technologies had the support of many StrikeForce shareholders immediately when it launched the Ambassador Program. I know from talking to many shareholders about it so unfortunately for ID entity USA or SafeVChat we lack that now.
But the Ambassador Program of Blocksafe Technologies had built a good amount of awareness through the work of Ambassadors and there certainly several people that got involved. In addition to that, the bounty program also encouraged promotion and that was effective too. All work was checked and I know just from my own curiosity that a lot of stuff was posted on Twitter from this.
The thing lacking here IMHO was further funding/ follow through/ “it” factor to continue to have meaningful sales begin for CryptoDefender. But that goes beyond my understanding because whether the product had what it takes to have mass appeal (or had a let down after initial beliefs that it would) or whether the crypto market understood why they need it are certainly areas in hindsight that may not have satisfactory answers to proceed.
So in fast forwarding to now, I find that ID USA is in a similar spot as Blocksafe was after running the start of Ambassador/Bounty programs. It needs that “it” factor and/or what I like to call a “boost” from whatever source it needs to be to start the sales. Funding, a strong voice of support, a combination of both, etc. are all ways to accomplish this. IMHO the chances that the product has mass appeal are very good. In fact I’ll argue that people need identity theft protection more than anything else that can be offered by the Company now and just look at the competition to see that the sales are out there.
And how this all relates to SafeVChat is if profits can come from the existing identity theft protection then why does there need to be a Reg-A? Salaries can be paid in the meanwhile and this “boost” needs to kick in to start the road to profitability.
So will this be an “explosive” week for ID USA? That’s what I’ll be watching for.
The Stock Markets as a whole are looking good so far so maybe we’ll get lucky and have a positive open for SFOR and the Markets.
Blocksafe Technologies had the support of many StrikeForce shareholders immediately when it launched the Ambassador Program. I know from talking to many shareholders about it so unfortunately for ID entity USA or SafeVChat we lack that now.
But the Ambassador Program of Blocksafe Technologies had built a good amount of awareness through the work of Ambassadors and there certainly several people that got involved. In addition to that, the bounty program also encouraged promotion and that was effective too. All work was checked and I know just from my own curiosity that a lot of stuff was posted on Twitter from this.
The thing lacking here IMHO was further funding/ follow through/ “it” factor to continue to have meaningful sales begin for CryptoDefender. But that goes beyond my understanding because whether the product had what it takes to have mass appeal (or had a let down after initial beliefs that it would) or whether the crypto market understood why they need it are certainly areas in hindsight that may not have satisfactory answers to proceed.
So in fast forwarding to now, I find that ID USA is in a similar spot as Blocksafe was after running the start of Ambassador/Bounty programs. It needs that “it” factor and/or what I like to call a “boost” from whatever source it needs to be to start the sales. Funding, a strong voice of support, a combination of both, etc. are all ways to accomplish this. IMHO the chances that the product has mass appeal are very good. In fact I’ll argue that people need identity theft protection more than anything else that can be offered by the Company now and just look at the competition to see that the sales are out there.
And how this all relates to SafeVChat is if profits can come from the existing identity theft protection then why does there need to be a Reg-A? Salaries can be paid in the meanwhile and this “boost” needs to kick in to start the road to profitability.
So will this be an “explosive” week for ID USA? That’s what I’ll be watching for.
The Stock Markets as a whole are looking good so far so maybe we’ll get lucky and have a positive open for SFOR and the Markets.
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