Not sure about the whole market but a partnership with sales force and it only goes up 40 cents, Could be another 50 cents tomorrow.
That's the dumbest math I have heard. So friends make you profits. GE has more profits then FB has revenue. Jeff must have some rich friends.
Are you kidding me. GE 148B rev and 15 Bill in income. And this is worth 15 Bill more!!. Have people gone completely off their nut.
If you bought this company. You are paying 40 billion to make 277 mill a year. That's a .01 percent return, that's right 100 of 1 percent. And where are all these profits going to come from. Wait 10 years and hope!!
200 mill in income on 5 bill in sales. What a joke. Company will end up bankrupt as soon as providers start selling movies. It's almost here, NFLX is a dead horse.with last weeks business plan. Anyone remember Blockbusters. Company execs can't sell this garbage fast enough.
You are bagholders for a worthless company.
To say the least, 14 m shares that's more then 30% of the outstanding float. And then what they give the officers more to sell for making a zero profits.
Looks like they timed it right and took everyone with a stop loss. Buying FB at 72 they made 10 bucks a share in 30 minutes. Of course you had to be Wall Street trader to be there at the the right time. And the SEC says there is no market manipulation yeah right, All the big broker houses made tons of money on commissions today. with all the volume.
I thought they IPOed becuse they were making a profit. Competing against Sales Force and Oracle.
I'm sure he got in and out and made a ton of money. He buys 50K shares at 22 then sell at 32. Makes 500K and laughs all the way to the bank and back at you bag holders.
No, just adding that maybe with the debit SCB had it could have been worse,
Who would buy it at 1.75 when you can buy it for 1.20 on the market. And that whole warrant thing, the exercise price is 2.35. Good luck with that. They say they raise 3 mill. who would put that money into this, what did they do give them half the company. The common stock is going to be made worthless. Looks like 15 cents by the end of the year.
On my first review I said had about the same impression as some form San Disk. Not sure a VP would bash a product maybe they are coming up with there own brand. But for all the tech out there it could have been a lot slicker.
I'm not sure what all the complaints are about it not working are. I tried it at 5 different places it it worked. Some of my cards have not worked at places and they had to enter the number so filed cards is not just a Wocket issue. I'll be posting my first failure when it happens.
Not sure who designed this, but maybe like someone said, it was never going to go into production they were looking for big pockets or a buyout to turn into something really cool. I see Geno has a 9 million shares so that would be a big pay day for him at 3-5 dollars a share.
By the way I did buy some stock but sold all when it came close to 2 dollars. I'm probable like a number of people thinking this was a great idea, and in fact I do like the idea, it's just the implementation was not good and lost money. Looks like no bottom to this thing at the moment.
Here's my review.
I was able to load a few cards on once I worked with the interface for a while. All in all it could have been done better for all the technology out. The user interface is fairly simplistic and could have been richer. The navigation and menu screens are really low tech.
However once you get your cards loaded it's just a case of putting in your pin and using a menu to get to the card you want.
First issue is getting the card out of the Wocket. It's squeezed in between the device and the jacket. If your fingers are wet or slippery it can be difficult to get the card out.
The other issue which is bit more serious is the security, it only has a 4 digit pin, what were these guys thinking. It does make you wait 20 seconds if you are wrong 3 times but do the math. That means someone could guess around 6 pins a minute. So if there 9999 possible divided by 6 comes out to 1666 minutes or 27 hours. But if your pin starts with a low number and they start from 0, it could be cracked in less then 10 hours. Thieves have lots of spare time.Because once they get in now they have all your cards and other stuff. Now you have to change all your passwords.
This not like a bank card where you need the card and the pin.
Bottom line here is this is not a secure device, it just a simple lock. If it gets stolen it gives you enough time to call your bank and cancel your cards and change your passwords.
Just a few other thoughts, it's a bit bulky so with the wallet and phone not sure where to put it. It's almost the size of my smart phone yet just keeps a very small amount of info. The plastic jacket that hold the card is way to big. I think they make them in a shop with a few machine tools and molder, some standard parts they bought. This is more of prototype with a min of investment. Could easily have been engineered to be wafer thin but that would mean China and a million widgets which would have taken some investment $.