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To: 31Floors who wrote (48750)12/29/2018 6:13:46 PM
From: 31Floors  Respond to of 49402
 
The GRB security audit that they are talking about involves documentation, review and tests and the most important one is this:

en.wikipedia.org

The industry is a billion dollar industry - no. 2 Fatco did US$5 billion in sales in 2017, but the funds handled in escrow is in the multi trillions each year. The guy designing it is a top notch guy in blockchain but you don't want to mess around. You want, you need this authorized hacking test done not just because it is so critical to the operations, but as a selling tool.

Forget about the (how do I say this nicely?) - insane?? - US$14m USD RB profit / 60,000 transaction guidance. If these guys just concentrate on the business and not striving for a target that should never have been put out there and that no one believes anyway, this will be something to watch. What if they just did 1/3 of this guidance on an exit rate??!

20,000 x 12 x US$21.50 x 1.30 = C$6.7 million - $1.0m (?) Exp = Est C$5.7m RB only, income

If they can do this, just a third of the 60,000 "guidance" (that they are going to revisit five months from today) they will be well on their way to north of 60,000 exit by the end of 2020, which is just two years from now. After one year (2019), the will be much better prepared to kill it with expansion in 2020. They will be much more established in terms of experienced trainers, numbers of trainers, procedures/process, "trainer the (client's) trainer", and rapid and careful growth - that is how you would get to north of 60,000 exit 2020.

And they better figure it out, too. Because if it is as big as they say, they'd better get a move on because there is no magic IP. They have to move fast and first mover is a huge advantage with again, Tommy the key for adoption. If you want to go crazy - then consider if they landed fully a top 3. The top 3 do 500,000 transactions a month (reference CC). 500,000 / 3 = 166,000. You do NOT want to double count the franchisees but FATCO including franchisees and corporate could do 166,000....??

It starts to sound really ridiculous. So please DYODD.