Member Info for cristalball

Small order but what a vote of confidence!

Great action today . Love it .

Nice action today . Fingers crossed we start to get some information on this new distribution deal and the DHL updates .

I am sticking a middle finger up to everyone of you who abused me when I said months ago that this would retrace back to 85p.

Called it months ago. May finally see it today as some idiots finally wake up to what’s going on .

It costs $179 to form a company and file all of the paperwork using the agent Openbox used.

Incorporating in Delaware is well known. None of this helps to answer who Openbox are?

Thanks for the info Fox. As I thought - we will hover around the 20p range for a while until we have clarity on exactly how this deal will pan out . Fingers crossed this becomes a new baseline .

To clarify , this is not an order for 76m …. It’s an exclusive distribution agreement, which can only be maintained if they hit certain targets. The revenue could be zip.. I could sign one with them right now and say I’ll set the target at 1 billion in 3 years. None of the revenue is contracted . Could be great. Who knows .

I wouldn’t rely on that mate - I think the company are desperate to get things moving so could easily get their head turned by some flash - especially if it’s a new Tech venture by an Israeli mate. I guess I am just jaded by so many false dawns over the past 6+ years of holding here .

i am not sure about the validity of the 25 year statement. That is likely how long management have collectively worked in the sector. This company were most definitely incorporated in October 21 and the web domain registered at the same time.

Yes - confirmed website Registered 10 October 2021 . …. Tin pot startup

Ah ok - now i see it. It looks like something you would throw up in an afternoon on Go Daddy. (been there, done that). I am 99% certain that this is a start up type business who we has allowed to become our distributor. They may have contacts etc, but the numbers in the RNS are pie in the sky as far as i am concerned. "up to" etc. Ah well, we will no doubt stagnate around the 20-25p range for a while longer until we see some actual revenue flow. The way the RNS was worded is a big departure from the previous prudent / overly cautious style though, so maybe we will get some ramping SP action. i would expect a placing to follow soon.

I don’t think it is (and I hope it isn’t) them - “amateur” comes to mind. Website is rubbish / buzzword bingo and littered with typos .

Good points HM. The wording of the RNS is very specific / clever though.

Hmmm, this sort of thing really naffs me off as an investor. “Yeh we have this great deal”, “who’s it with?” , “a company with no financial history whatsoever registered 3 months ago via a pre pack incorporation so no idea of the UHC”. Great.

This could be anything, including a related party.

OPENBOX VENTURES INC
Company Number
6288791
Incorporation Date
7 October 2021 (3 months ago)
Company Type
Domestic Corporation
Jurisdiction
Delaware (US)
Registered Address
Kent, DE
United States
Agent Name
A REGISTERED AGENT, INC
Agent Address
8 THE GREEN, STE A - DOVER DE 19901
Directors / Officers
A REGISTERED AGENT, INC, agent
Registry Page
https://icis.corp.delaware.gov/Ecorp/...

Morning mate. If you are in contact with them or have a decent relationship, it would be great to have some further coms ./ presentations on the latest deal. The company quoted, basically do not exist as a going concern or material business as far as i can see - others have found Delaware incorporation papers showing it was set up 3 months ago. I think the market are nervous as this is touted as a potential 76m deal - but the big question is who is actually buying? Or, have we granted "exclusivity " to this new entity with no real idea if they will be selling units. The SP action over the pst two days clearly reflects this. Ah well, i am still here after 6 years and holding strong but some serious concerns over the transparency of this new agreement.

Agreed - I think the market reacted like it was a customer buying and that’s how I read it first glance .

The question I have is that it reads like they are to be the approved distributor rather than buying as a customer ? So we don’t really know what the volumes would be . I am struggling to find anything to work out who they are.