The back end is the differentiator. The front end UX requires a little work IMO which is not rocket science. Let's see how this plays out. Furthermore despite company rhetoric I do not believe Kankan has really been launched yet. China will be the first target market and we know the impressive stats already in terms of # of active profiles, images, posts etc
60 million users sessions annually for VDC controlled websites generating gross bookings in excess of $265M and revenues in excess of $45M.
IMO these 60 MILLION user sessions is a huge traffic opportunity to leverage for X-Sell, upsell etc. Beautiful
JF - let's see what your friend Shing will do to this existing legacy cost infrastructure inherited. Wonder how much saving off the top just for getting rid of VDC CEO and other leaders. That's before other efficiencies. Can't keep away can you JF ?
not trivial. Does indicate strength. Certainly excellent value for the $35M - $38M total purchase price. Also we should note that the cost structures are the old ones and that MARK mgt has every opportunity to find several efficiencies to improve bottom line while growing the business. I see many X sell opps with BikiniDC, Roomlia and even Kankan. Check CEO's instagram's account for a hint of maybe at least one of the things to come. Now amended 8K is out I expect more news ....we live in interesting times.
Never have had inside knowledge just qualified and very well researched insights. The art to this is IMO to know:
1) quality of management 2) fundamentals and changes there of 3) quality of board of directors and 4) total addressable market space.
When fundamentals change for the worse as a trend I generally pull the plug. All 4 are excellent here for Remark. Fundamentals have improved enormously care of VDC and fund raise (healthy balance sheet). The extent of this improvement will be discovered in amended 8K.
The board is very impressive, as is addressable market space as is leadership IMO. I was very surprised CEO pulled off VDC acquisition. Like many, I believe it is an absolute game changer - hence me buying more and increasing my average buy price
Thank you for investing so much time in me. GLTA
Z z z z z z z z zz z z z z ..... thank you for caring. I have been out of those positions for a while apart from one. And my average on that one is making money. Overal I am happy to say I am ahead of the game. My average on MARK is $2.46 and I have an absolute ton of them. My average was much lower but I have been adding consistently. Let's see how I do on MARK over time oh twisted one ....