Member Info for grouchomarx

Yes, you can not rule out Blis is playing games (to gain ownership).
On the other hand, what are they to do?
Just say “okay, you caught me, nice job!”
Not likely. Of course they’ll have to defend themselves by pointing to Verify being flawed!

Whatever will be proven true in the end, and I tend to believe LSAI, there will be legal and associated costs occurring meanwhile. Lawyers, accountants and people like that are highly paid.

True that LSAI’s business is all about exposing data fraud.
I did underestimate however that parties being “exposed” might start legal cases against LSAI and attack their verification methods.
Blis is stating that LSAI’s Verify is flawed.
Brings up the question if there is any independent party (accountant, notary,...?.) that checked Verify?
If not, that’s probably something that needs to happen: an independent party’s statement that Verify is working A-ok.
Will need to happen as a defense in case of a Blis lawsuit anyway.

I’ve just checked your point and told my spouse she was ugly.
I was being honest, but somehow she didn’t like it.
Repeating it only made the situation worse. LOL.

Anyway, have a great day and succes with your LSAI holding!

I’ll adapt my opinion to changed circumstances. I’ve always stated it’s a great product and there is a real use case. That hasn’t changed, still think there is.
But I can not close my eyes for the recent developments.
Yes, I do believe now there are more bumps on the road for the company.

I don’t care for losses. I took a risk and things did not turn out as I had hoped.
That’s all in the game.
My profits from better decisions exceeds losses from my mistakes.

I’m not trolling. Just stating facts and pointing to risks.
Nothing posted on these board has effect on the share price?
Well, it did Friday. You’re repetitive negativity influenced that.

Where is that now?

I’ve made my choice. Yes. But nothing keeping me from following this company and having opinions.

Anyway, what is flawed or not, this shows there are legal risks in verifying data and reporting about “false” data. It shows that those findings might not be accepted easily, yet worse LSAI has a -as shown here- real risk of getting sued and held responsible for damages.

LSAI is not a company with a lot of money behind it.

Share price rising because a large customer will probably file a complaint against the company while saying Verify is flawed. Yes, that does make sense. Not really.

It’s a trap. MM’s are sitting on a bundle of shares. Just my opinion of course.

Dream on. For starters LSAI will be paying a lot of legal fees. And their is obviously unwillingness to use Verify.

Well, I will not even consider one second to buy back.
Gathering location data doesn’t have peoples support, while Google and Apple starts blocking apps doing just that while US politicians wants to put an end to it.
There is no future in verifying data that simply will not be there.

I do think the company doesn’t fully realize the impact of the Google/Apple decision regarding the X-mode issue. Or maybe they do, hence “ although we're monitoring the situation and will update shareholders if this view changes.”

Also, thanks for sharing Happyrob, I appreciate it!
Hope this investment turns out well for you.

Also I would like to add that my decision to get out completely was also influenced by the repetitive negativity on this board. Every positive momentum was killed instantly thus little prospect of an improving share price, the share being illiquid as it is.
I’m sure the negativity kept people from buying, but I know for a fact it made selling these easier for me to do.

I must say the whole X-mode issue really woke me up. Resistance against private data collection seems to be increasing. A perfect example of that is that a lot of people are having issues with sharing location data while being in a deadly pandemic situation. If people can’t overcome their issues sharing data while there is a risk of dying, well... you get my point.

All the fuzz about risks of personal data being used for .... only makes the public more aware and that can’t be a good thing for companies business models that depend on using that data.

Xmode: “A ban on X-Mode’s SDK would have broader ecosystem implications considering X-Mode collects similar mobile app data as most advertising SDKs, and Apple and Google would be setting the precedent that they can determine private enterprises’ ability to collect and use mobile app data,” the company said.”

The risk of Google/Apple targeting others like X-mode is there and they can defend that pretty well as there are privacy concerns or the fact that private (location) data being used without real consent.

I’m afraid HappyRob that X-mode is only the start of a quest against

“Americans are sick of learning about apps selling their location information and other sensitive data to anyone with a checkbook, including to the government,” Mr. Wyden said. “Apple and Google deserve credit for doing the right thing and exiling X-Mode Social, the most high-profile tracking company, from their app stores. But there’s still far more work to be done to protect Americans’ privacy, including rooting out the many other data brokers that are siphoning data from Americans’ phones.” (Sen. Ron Wyden).

Don’t know if they knew this weeks ago. The WSJ article about Google and Apple threats of banning apps using X-mode is from dec. 9th.
It does appear Google/Apple are on some kind of crusade to ban the use of personal specific location data for commercial uses other than the use of a specific app.
If so, no location data can be sold to others or used for other purposes than that specific app.

Anyway, if it’s not material a lot of todays damage was self inflicted.

Then WHY do they just not answer the few investors asking questions about it?
Just “Non material impact” would have sufficed.

they should ask LSAI about the possible cause for this price drop and volume.
Maybe LSAI can then (is enforced to) enlighten the market about the X-mode situation.

It's a great concept. It's a great product. Just too many setbacks. Not in their control. But circumstances keep on getting worse.
A shame really. Like you, perfectly willing to accept my loss (what else? lol). If the share price will flyfrom now on: good for the suffering longs. There are other opportunities out there, time and time again.

I urgently requested the company for a comment yesterday. No response. Took my losses.

Didn’t like the situation and sold out completely today. Wish current holders all the best.