Main market??4 Dec 2020 08:45
For new investors -( myself included.)
Feel free to correct anything missed.
POTENTIAL NEWS - “VENTURE BUILDER Model Announcements
New CEO appnt - TBA - (experienced in technology-led sales in international markets)
New NED: TBA
New enhanced Mngt Team - TBC
Change of Co name: DISH to XXXXX - TBC
Further Update on Co strategy with private investor -TBC
DISH- Go -Update - TBC
APP UPDATE / AUDIT - TBC
Pot
New Business goal - Developing a “Venture Builder” business model to gain sweat equity stakes in a portfolio of assets with no cash outlay.
New Business Strategy - Update on investing in business technology companies aquiring % shares stake for software development as alternative to payment. I.e. developing a Venture Builder model to diversify into having a portfolio of technology business assets, which would include the BigDish platform.
*Funding -
BigDish business to be funded privately and in a non-dilutive manner.
$5m Private Investor to aquire 20% stake of SPV*
The investor” would own 20% of the SPV*.
This investment would be made into a private company, a *Special Purpose Vehicle (SPV), that would operate the BigDish business.
The SPV would operate BigDish in various international markets including the UK
*Funding - yes beyond the 2nd quarter due to lower cost in India offshore IT tech team.
Company to update on Agreements for Equity Stakes”
On: “signed agreements with several significant startup and early stage technology companies” whereby BigDish will provide the technology in return for equity stakes. There will be no cash contribution required from BigDish to support these businesses.
DISH -India based software development team
The technology team is able to modify the code to make the technology applicable to other sectors. Therefore, the Company has decided to commercialise the opportunity, especially given that opportunities have multiplied in technology and online applications, due to the pandemic. (Awaiting updte on Development Progress)?
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