I had a great visit with BIGG this afternoon.
If you're all waiting to see BIGG pop to $25 in 5 days you may as well just sit back and relax - it is not going to happen. If you can be patient, sit tight, not try and day trade this stock, you can IMO expect to see $100+ within 12 months time...let me explain.
I visited Bingo.com today for two hours with several of the management team - and was very impressed with the continuing development of one mans dream into a reality.
So many of the posters here have expressed concern over the drifting price, no PR's so close to the launch, the hush hush atmoshpere, etc. After visiting with them and catching some of the vision I can truly say it is in the best interest to proceed slowly, with caution, and with significant, premeditated steps. The drifting price is a reflection of those who don't know or don't have confidence in Bingo.com - most of whom are likely day traders who don't see the big run they expected and are now pulling out - so be it - we do not need them.
Im am know more confidant in Bingo.com than ever - I wish you all had the luxury of being able to drive a couple hours for a first hand visit.
They were unable to share specific information with me because of confidentiality, but we did discuss many topics which I will try and cover with you all. We have several competing yet complimentary projects happening with Bingo.com. Each set of tasks are aggresively being addressed, and IMO are being timed to converge at the most strategic time in the future. We are somewhat in a holding pattern for a little while - could be a couple days - I would not expect it to take longer than a couple weeks - before we begin seeing the fruit of their efforts in both an informed and tangeble way. (IMO you'd be a fool to sell now hoping to buy back in a week or two - if it gains momentum it could happen quickly and you'd be buying in much higher)
Let me expand on the above.
We have several areas of progress all moving forward behind the sceens.
1) We have a Bingo game launch which will occure late Friday night - as commited by the company. This launch represents a significant event both in terms of finally having a publicly viewable product which will under go for the first time real money commerce. This is important for us to remember (which is directly linked to our reserved approach to the PR campaign) because the game must be completely run through the ropes and tested in the real world. Once the game is up and running, any last kinks worked out, the multitude can then be attracted. Yippee - this leads to item #2.
2) Attracting traffic will be done through several routes - banner advertisements,portal partership links currently under progress, and partnership links with charitable organizations. Partnership links will attract millions of hits IMO with revenues then split between BIGG and the link. Imagine a charity like the Red Cross (always looking for revenue generating opportunities) desiring to partner with Bingo.com. This method of driving revenue for BIGG will IMO be likely the best opportunity to attract the millions. So - now that we can move down the road several months - we can see huge volumes of hits, lots of revenue, all the makings for BIGG things. And as we see significant name branded partnerships we will have dramatically increased credibility.
3) Investor confidence is the next focus area. They have already had several interviews completed, and several more sheduled with all the "right" sources. These will be timed for release as we launch the game and as we progress with banners and links. With now the REAL investment community watching, with a bit of running history behind us, hits comming in, etc. we will be finally realized as a viable business plan.
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In summary - we have 1) the launch 2) the partnerships / banners 3) the investor confidence building process. All of these equally important all needing to be rolled out with precise accuracy. IMO we will have a terrific launch which we will here about shortly after the BIGG weekend, we will then progress steadily through all three focus areas previously listed. Now - move yourself 30-60 days down the road - we have satisfied ALL NASDAQ requirements (current remaining is yearly revenues of a measly $700,00 I believe) and have hopefully filed for listing, we are in front of the portal launch, the BIGG partnership deals are signed - we wait with baited breath and watch the market go nuts wondering why we ever doubted the stock at $9.
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As a side note I will mention that I met Frank Gigliotti. I have posted BIGG's PR about him FYI. This man I was deeply impressed with. Check out his biography closely and recognize his experience and skills. This man was gentle in his demeanor but filled with wisdom and strenth. Although I did not spend more than 20 minutes with him I immediately recognized the wisdom of BIGG's decision to have this guy on board - he has "been there, done that" and will play a significant role in guiding the young management team of BIGG through the mine field of start-ups. His maturity and precence has already been noticed in that office since my last visit a month ago.
TALLAHASSEE, FLA. (April 9) BUSINESS WIRE -April 9, 1999--Bingo.com
(OTC BB:BIGG), a high technology Internet company that is developing
the world's first free "Bingo-based" e-mail community, is pleased to
announce that it has retained the services of Frank Gigliotti, one of
North America's top business consultants.
Gigliotti owns and operates an international communications and
business development firm. He has been instrumental in assisting a wide
range of clients in corporate, government and media sectors. Gigliotti
has an extensive background in the area of business development,
strategic planning and marketing media relations.
Gigliotti enjoyed a very successful 15-year tenure with CBS Records,
one of the world's largest entertainment corporations. He was
instrumental in launching and developing some of music industry's
biggest stars. Gigliotti worked closely with such artists as Billy
Joel, Bruce Springsteen, Loverboy, Michael Bolton, and Celine Dion. He
was honored and presented with the prestigious "Promotion Manager of
the Year" award.
Gigliotti has a long history of assisting numerous charity
organizations in realizing their fundraising objectives. Some of these
organizations include: The Cancer Society, The Leukemia Research Fund,
The Children's Foundation and The Variety Club.
Gigliotti's extensive contacts in media, business, entertainment and
charity sectors, coupled with his superior management skills, will be a
tremendous addition to the Company.
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I was taken to Statford Internet to veiw the progress and was once again impressed. I remember back in January when I was defending BIGG's alleged 6-7 programmers who were at that time dedicated to the project. Yesterday there were no less than 25 people, all with Bingo.com stuff up and under construction. I previewed the game and let me tell you - it ain't like any other bingo game I've ever played. It was visually captivating, entertaining, sophisticated yet simple - an amazing design with a well thought out presentation. I think you will all be impressed as I was.
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What makes a stock a winner like the EBAYS and YAHOOS. At this point we can all agree with a few basic fundamentals - a clear vision for growth, dramatic growth in revenue and traffic, a story to "sell", the right address, no income necessary. Bingo can deliver all these. Can Bingo.com be the EBAY or the Realnetworks we have ALL just witnessed. IMO yes. What's the down side - $1-$2 possibly. What's the upside $150+ in 12 months. I sat and watched other NWest internet companies create millionaires out of an internet dream, over and over again, with less potential. Why can't it happen to us.....?
That's all for now. I hope my eyes and ears to Bingo.com is helpfull to you all. This is of course all my own opinion, derived from my observations, and any information shared on this post is readily available to all who have the opportunity to visit as I have done.
Sorry - I am not going to spell check this thing.
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