RE: re:magazinos app and Rosedog18 Nov 2020 15:45
Hi John
Thank you for replying and nice that we can have a serious conversation
I am from the Omega 3 business in Norway and I can only clarify the Omega3 business in general steps. I was 13 years old the first time I worked in our family fishing business in the North of Norway, has even worked as a fisherman before I join the School of economics where I later worked as a teacher. Please look into the Norwegian Omega3 business. Vitealab AS, net earnings of £ 20.000.000, selling Omega3 only in Norway and Sweden and It's a young company, only 12 year and they are Not from the old Omega 3 business in Norway.
Net profits in most of the Norwegian Omega 3 companies are always over 20%, where cost of marketing is the main cost, not the production cost.
Regarding Magazinos, I can only tell what is public
Magazinos has 11.087 magazines to read for Free and is Nr 1 in the world by content
Nr 2 is Pressreader with 5.000 titles and is a very expensive digital service, owned by Canadian Bull Press, then comes Indian Magzter and then comes Swedish Readly with +4.000 magazine titles
Readly lost £5.000.000 the last 3 months and valuates today to £ 200 million. Readly is listed on Nasdaq First North Stockholm and given info is public, check announcements they just did
Regarding Craven Industrial, I don’t know anything about Craven Industrial and I am Not a shareholder