Hey Management, just tell us if you all are going into administration. Transparency is a heck of a lot better than us finding out the hard way. Charles
Funding has been a very real issue for PTOP. Getting the coders paid to continue while also staying current with our financial reporting requirments along with other expenses for renewals of domains etc. proved to be a real challenge. We are taking steps to gain an entirely new shareholder base. Think Reg CF... We have started that lengthy process in December and are hopeful to get it approved soon.
In the press release in August we declared that we were 50% finished with MOBICARD 2.0
We also stated that in order to progress another $10,000 was needed to pay the developers to continue. We also had to get the financials current, pay rent, AWS servers. We did not get the money needed to pay the coders... The estimated date of release in the August Press release was supposed to be March of 2023... We hope to get the funding to make APRIL realistic
I've also checked the website and the video is still from "Think Latitude" who they've gone away from a long time ago. It seems that since the point where they said they were over 50% done with the project that nothings happened on the website and it's completely unfinished as well.
We are having an issue with the GoDaddy migration team and have lost the access to the domain because of a technical error on their side. We hope to have this resolved this week
Me too. We're into November and not a word. I figure either they are going belly up...or the product was not good enough to launch. Either way, it sure would be nice to hear something. The trading volume for a few days was so low I became worried. Anyway, they acted so certain it was going to launch I got excited. 😮
Funding has been a very real issue for PTOP. Getting the coders paid to continue while also staying current with our financial reporting requirments along with other expenses for renewals of domains etc. proved to be a real challenge. We are taking steps to gain an entirely new shareholder base. Think Reg CF... We have started that lengthy process in December and are hopeful to get it approved soon.
In the press release in August we declared that we were 50% finished with MOBICARD 2.0
We also stated that in order to progress another $10,000 was needed to pay the developers to continue. We also had to get the financials current, pay rent, AWS servers. We did not get the money needed to pay the coders... The estimated date of release in the August Press release was supposed to be March of 2023... We hope to get the funding to make APRIL realistic
Everything points to a quiet retreat. Perhaps they are hoping to go incognito.
I've also checked the website and the video is still from "Think Latitude" who they've gone away from a long time ago. It seems that since the point where they said they were over 50% done with the project that nothings happened on the website and it's completely unfinished as well.
Thanks for the reply Glenn. I am going to try to be patient.
Josh tends to do this from time to time - it is called "disappointment to shareholders"
Yes. I would like to know what is going on. This was promised by the end of September / early October. News please????