I will like to make a humble apology to all the members I pissed off on the forum and the administrators of this forum for the manner / tone in which I addressed some of the scrutiny and questions that were brought forward.
Posts made by pml2020
RE: PMLNETWORK ASSET
@ryanw Thanks for your comment, we were aiming for a modest 100 active local users this month which would've converted into a minimum of $200 usd / Amazon in phone top-up sales this month but we have held back our local marketing campaign since we have taken some advice, and are improving on some aspects of our overall plan and are still working on other things in the background so we will fall short of that goal for this month. We will take our time and grow slowly so that we don't grow faster than we can afford since we don't have much bankroll / financial support to sustain much growth at this time. The point of this thread was merely to raise the awareness of our project / asset so that people will know that it is available as an option that they can keep an eye on and probably share their thoughts so that we can improve and make changes and probably land some early investors along the way. Some people may think its a good idea and want to be a part of this project from the beginning or later in the future and others may think it is a waste of time etc. but we will continue to work on this project and improve every month regardless. Every month we will aim to land at least 100 new active users. We are aiming to eventually have a minimum of 5,000 active users in Trinidad & Tobago and at least 100 active users in the other 22 Caribbean islands. We will build and grow slowly but steadily into the long term future. I have pissed off many members on the forum and made many enemies by the manner / tone in which I addressed questions and concerns in the past and I admit I didn't handle the scrutiny and criticism very well. However I have learnt some important things and continue to improve along the way. Now a member is even asking for this entire thread to be removed. If the entire thread is removed then I will be providing updates via our YouTube channel and Steemit. We will be posting monthly sales reports via Steemit also. You can also contact me directly via email [email protected]
RE: PMLNETWORK ASSET
@pml2020 Now, that is a response I can accept...
I hope for the sake of your project that you work on a good business plan and if you are not able to give a sales prediction, maybe you should wait one month before you make the asset available to investors just so you can give some predictions since by then you will already have one month of history in your sales reports and maybe it's easier for you to predict the expected growth of your platform...
Forgiveness is not something that should be asked for, in this case IMHO, you need to prove yourself and your asset... Work on it and make a good business plan and I will certainly be here to reconsider my position! ;D
I am not expecting to get many investors if any at all at first without sales reports etc. but I decided to pitch the asset now to address any questions or concerns before we even start promoting the app. I will be providing sales reports etc. moving forward. I also edited parts of the asset proposal. Thank you for the advice.
RE: PMLNETWORK ASSET
@pml2020 Yes that tells us how much the asset will profit from a sale but doesn't give any prediction of sales to justify the 1 million $ capitalization of the asset itself...
You can say that you understand the market you are in and that is fine but you don't really show it to us if you don't let us know how your markets works... We need to be able to see a projection of sells if you are evaluating your company in 1mil $ don't you think?
If you were to present this to an investor you would not pitch him/her with: "Here is our app, check it in the AppStore... We want/need 200k $ for 25%, are you in?", right? You would have to present it with numbers supporting your sentences, right? Good math and business plans are mandatory for companys to be launched correctly. Without them you will not get that much of funding almost for sure?!
You are correct. I apologize if I came across rough and arrogant to you and others but I am still learning and always trying to improve. I will take both the advice and criticism and use it to improve. I failed in the presentation of the asset. I hope I get forgiveness from you and the other members here. Thanks
RE: PMLNETWORK ASSET
Well this answers my questions. If a asset issuer can't answer simple questions and gets upset at his future holders, then I see no point in investing. I am sorry @pml2020 , but I can not invest in something like this. I was following the progress of your work and I was hoping for something more, I was going to get some of your assets, but this is not what I am looking for in a asset.
I want to be able to ask questions and have others ask questions. I don't think that this is right. I wish you all the luck you need, but I wont be getting in on this. This discussion should have nothing to do with BN, we are talking about assets, your asset.
I am sorry I don't understand what I did / where I went wrong. I tried to answer the questions as best as I can. I apologize to you and others.
Thank you for your time though.
RE: PMLNETWORK ASSET
your whole app cost $874940 where 75% for owners and 25% $218735 for investors
after raising $218735 you put buyback at same price you sold am i right?
cool its sound like that app is too costly man isnt it or i am not getting your point?
The application (.apk) is just a mobile website that acts as our store front for the services that we provide. Unlike mining operations and other assets that may have physical equipment with known market prices, it is unfair and ignorant to valuate the services that we are providing within our app / asset on the perceived cost of the application (.apk). Investors are not paying for the application but they are paying for shares / assets that entitle them to receive Burst dividends every month for as long as Crypto-currencies / Burst remain in existence and as long as people in the Caribbean need pre-paid phone credit to communicate via mobile phones. The value of our asset should be derived from the profit potential / market cap of our asset and estimated long term expectations/returns etc. rather than comparing the cost of the application (.apk) to the fiat price of total assets created. This app / asset will be around probably for the next decade or more once Jesus doesn't return before then. Our app / asset is undervalued compared to the valuation of most other assets on the Burst asset exchange. Our investors will ROI (guaranteed) sooner rather than later. Compare the income potential of our asset compared to all other Burst assets. Our asset is currently the only asset that is able to bring in money from outside of the crypto-universe. Do research on the 23 Caribbean countries we are targeting for our services in the application and see if there are any other services like ours currently available in those countries, then calculate the population of the 23 Caribbean countries combined to get an idea of the size of our targeted geographical market region. Once we eventually get even only 1% or close to 1% of our targeted market to simply download and use our app we will be the most lucrative asset in Burst asset history. Every other Burst asset earning potential is limited by different variables. We have not even placed any leadbolt advertisements etc. on the app since we prefer to wait until our app downloads increase and our app user base grow and then probably land a major local / regional sponsor, which should guarantee a more stable monthly income in the future.
We are very generous to even offer our assets so cheap to the public, but we wanted our assets to be affordable to everyone initially. Mobile pre-paid phone top-up sales services (Digicel, Flow, Bmobile etc.) is a billion dollar industry in our targeted market region. We will be satisfied with a tiny fraction of the market share, all our investors will be happy with their return on investment. Remember individuals in our targeted market region will be using Amazon digital gift cards or Burst coins which they earned for free to acquire mobile pre-paid phone top-up so most users will continue to use our services once they begin to use our services. All we have to do is continually promote, promote, promote... It is clear to see where the value is in our app / asset and how valuable each asset could be in less than a year from now.
If you still can't understand the valuation then you should not invest. I have done my research on most other asset here and our asset is one of the more transparent assets with a clear direction and clear business model.
Compare the valuation of 402, MTM, Snake eyes etc. and explain to me where / how they came up with their valuation so I can see where my evaluation is off/wrong. Thank you
Please specify your age first, i appritiate your work dont take anything negative please this questioning is neccesary to make your asset strong and to remove any weakness like a investors point of view, you may edit if you found you didnt include anything in asset what investors want instead of clearing your part . So this asset is of 25% shares of your app (shares means 25% part of your app is sold out to investors) its very impressive if you beat all assets on AE coz i am unable to found any good asset over here. i am unable to understand anything actully either i have to wait one month and see how your asset works my only interest is for your passion to change AE. But except words i didnt saw anything strong to believe.
we dont know exactly how much and how you earn your payout monthly thats big drawback most people want everyday or max weakly payouts nothing interesting to throw money here maybe i should check it after first payout if something great hidden in here kindof surprize thing like your words sound promising cool Thankyou .
i suggest to enter as much proofs as you can to win trust of investors so that they can believe in you !!
Thank you for at least looking at the asset from an investor's point of view rather than attacking the asset or my character. This is the beginning of a new venture so we expect skepticism since we can't provide a track record / cash flow / sales reports etc. If I myself were in your position as an investor I may want to just monitor the progress at first or invest just a little to see the results and overall progress before I commit any significant amount of Burst to these assets.
We will be using Copper point of sale software to keep track of all our sales and we will be able to provide sales reports easily using that software.
Thank you for your advice and encouragement.
RE: PMLNETWORK ASSET
First of all, you were one of the Burst Nation disciples (lynch men), what are you even doing here?
I created a thread in the welcome section to address any issues that anyone might have with me being here. If you want to discuss that do it there. Right here :)
What do we all know or can find about you and the asset you are working/trading for?
Ask the person running the asset for more details, if you want.
I want to believe it is you or one of your fellow burst nation people that gave the app a 1 star and left a bogus review also.
Believe what you want.
Do you have a better idea or better asset that you can offer where the community can choose to participate in and feel like they actually belong to something where the issuer actually value their investment and participation and their effort/input is helping an entire group/asset?
Yes, but that does not matter here... we are talking about your asset.
As for the rest of what you have presented, the plan makes no sense to me... I must be ignorant.
Since I clearly lack the vision needed to see just how perfect your asset is and will be, I'll say no thanks, and I'll move on.
I do remember seeing your proposal on BN, and I remember the attitude that you came back with when you were asked a few questions... nothing changed. You reply by implying ignorance, pointing fingers, and a generally aggressive tone. Not business aggressive, street aggressive. You are basically saying 'read it again or f*** off', which will turn off any investor.
Good luck to you though. I do hope your plan works out.
I gave you guys more than enough information over at Burst Nation, you all just never replied or ask me any more question or said what I needed to change or supply or provide. Adam said he will get back to me, after 9 days of waiting for approval I got the point that it was just too much politics involved in posting an asset over there and just told him that I was no longer interested in posting the proposal there. FYI
Have a blessed day.
RE: PMLNETWORK ASSET
@pml2020 Honestly it looks like you don't want to show us (or don't have done) the math to support your statements...
I asked you how would you make sure that the dividends and price of the asset is not affected by PnD on Burst price and your reply was that you would be putting buy back orders at the original price. That is a move in the right direction but I don't think it will be enough because only shows support to the share price, not the dividends like you stated in the OP...
Regarding to the questions asking you for the math used by you, you didn't care to show it and that doesn't look good for investors... The idea is good and I think it can work, but you will need to be more transparent with your calculations if you want people to invest in it!
Instead of show us the math you made comparisons to other assets like 402, MTM, Snake Eyes, etc. You have to understand that this calculations were made before the Burst price sky rocketed and I am pretty sure that none of this assets was evaluated at 1 million dollares at the time of launch...
So you are evaluating your asset by comparising it to other assets? That is just wrong... When you create a company you don't evaluate your company taking into account other companies valuations (at the bare maximum you calculate your market share in comparison with your competitors)...
Just by this statements of you comparising your asset evaluation with other assets that don't operate in the same market as you, I will not be investing because this shows to me that you have not a simple clue about what the hell you are doing!
I'm sorry if I am being a bit harsh but creating a feasible asset involves a lot of transparency, math and management skills, wich you don't seem to have at the moment to be completely honest with you!
I never based our asset valuation on other assets, I based it on our market share, profitability, profit predictions etc (I explained this already in a response to another). I just mentioned those other assets since this asset Is getting so much pounding compared to those assets. I thought you guys would support an asset that is only at 1 Burst per asset and have so much potential to grow in value while increasing dividend payouts and grow the Burst community and Burst Market Cap also.
I am as transparent as transparent may get on the Burst asset exchange. Everyone can keep track of our progress and monitor our wallets etc. I think I provided enough math to show the asset will be profitable. Investors main concern is getting good dividends and we will provide that. If we ever make any mistakes it will hurt our pockets not the investors pockets since we are forwarding all income to investors before we calculate expenditure and profits. I know I was born with better management skills than many.
I respect your opinion though.
RE: PMLNETWORK ASSET
For everyone else who are thinking about asking repetitive questions I will be ignoring those questions. Please read this entire thread and go through the entire application before posting a question, since I believe I have put everything above in this thread and links thus far. Use your common sense and do your own research and if you believe in God, then you can even say a prayer about it before you even invest 1 Burst. You are all free to invest or not. Have a blessed day to all. Thank you.
@pml2020 You still didn't posted any math to support your sentences... I will also be ignoring this asset until you post some math that support your sentences!
Your attitude answering questions is nothing like a good issuer would do if I am being honest!
I apologize If I was not able to express myself or explain the app / asset better. I believe I just explained the math right above. "How we will make our profits maths explained. (Phone card sales / exchange)
For customers in Trinidad every $2 Amazon digital gift card or 200 Burst they can get $5 TT pre-paid phone credit. (minimum top-up)
roughly 1$ US = $7 TT and we valued 1$ Amazon digital gift card at $6 TT to offset purse.io fees
For customers in all other 23 Caribbean countries the minimum top-up amount needed is $10 Amazon digital gift card or 1000 burst. The amount they receive varies (as listed within the app) due to the different currencies conversion rates, but was set for the app / asset to make at least 50% profit
All our prices are set to always make at least 50% profits whether its from phone card sales or exchange services. you can do further research and check out all the exchange rates for the 23 countries etc. You should already know the price of Burst so you can do your calculations to see if it is profitable.
Yes the app prices in our app will have to change to cope with market changes, Burst price changes, expansion etc. Most smart businesses do that in the real world to stay ahead and not make a loss. Is there a problem with that? The terms and conditions of the asset will remain the same though, the investors end will remain the same. The only changes will be on the customers end.
I am putting my own money/effort initially and will continue to consistently put in my own effort and money into promoting and advertising the app.
We will forward all (100%) income to the dividends account to be paid out. Management will be covering all expenditure with our 75% asset holding. So If we make any looses or any mistakes it would only affect us not the investors / not the asset."
Thank you for your time though.