Jerrick CEO’s Week in Review: 03/30/20 - 04/03/20
The New Era While we officially closed Jerrick’s office on March 23rd due to COVID-19, most of the firm had been operating remotely as far back as March 9th. At that point, the Dow had already fallen 4,000 points from its high and we had been focused on preparing our 2019 10-K, which we subsequently filed in a timely manner on March 30th.
Jerrick (OTCQB: JMDA): FY 2019 Shareholder Letter + White Paper
On March 30th, 2020, Jerrick Media Holdings, Inc. timely filed its 2019 10-K. Global Perspective It has been a long quiet period for our company. The last time I communicated publicly was my weekly update on Monday, February 10th. At that moment, in what was already quite an existential period in the business world, the Dow Jones Industrial Average closed the day at 29,276. It closed yesterday at 22,327.48, having given up 23.7% of its gains since that day.
Jerrick CEO’s Week in Review: 02/03/20 - 02/07/20
Strength in Knowledge The phrase "knowledge is power" is most commonly attributed to Francis Bacon, in his 1597 Meditationes Sacrae. That idea, that information itself holds the key to self-cultivation, has been revisited time and time again throughout history, through the lens of everything from philosophy to geopolitics to moral discourse (Like in Proverbs 24:5, which teaches that “A wise man is strong, a man of knowledge increaseth strength.”)
Jerrick CEO’s Week in Review: 01/27/20 - 01/31/20
The Team is the Thing We are always looking to expand our talented team. The collective group is unequivocally the biggest contributing factor to our success thus far. By the same token, not having the right team in place is the primary thing that can stand in our way in the future. The search for talent never stops. This process requires scouting and hiring for core positions at least two, sometimes three months in advance of their required fill dates, because an employee often requires nearly 90 days just to acclimate to the culture and undergo specific training for the tools required for success in any particular role. The team is always analyzing and evolving itself within the Agile framework I have discussed previously.
Jerrick CEO’s Week in Review: 01/20/20 - 01/24/20
Performance It is a bit surreal to again begin a weekly report where we are experiencing great progress on multiple fronts but continue to watch our stock lull between $3.90 and $4.10, week in and week out. Over the last 90 days, the trading range was between $3.42-$4.70, which in the last 30 days has narrowed to $3.85-$4.04 as we get closer to the uplist.
Jerrick CEO’s Week in Review: 01/13/20 - 01/17/20
This year will be one of the lightest years for uplisting stocks in the last 10 years since the OTCQB came into existence. I first came to understand the OTC Market’s business model in 2012. For some time after it looked like this financial product space offered great promise. However, it wasn’t too long before cottage industries and support services that companies would need to rely on for uplisting became more difficult to provide. In particular, quality financing, investor awareness and advisory groups were rare. For a number of reasons, the space began to bifurcate into a group containing a few meaningful operators and another that contained a great deal of predatory practices masked as institutional business.
Jerrick CEO’s Week in Review: 12/30/19 - 01/03/20
Endurance In the racing world, endurance racing is a sport that strives for perfect partnership between humans and machines. It is as much about testing the durability of the race car, the machine, as it is about the skill and stamina of the human team that drives it. These types of races, and the arduous preparation required to compete in them, are emblematic of the sheer power that comes from synthesizing machine processing and human thought. The significant barriers that can be broken when these components fit together are game changing. The engineers and drivers engage in a never ending feedback loop to improve the durability and speed of the machine. Success plays out transparently and in real time on the race track.
Jerrick CEO’s Week in Review: 12/23/19 - 12/27/19
As the last weekly update of 2019, and to set the 2020 tone for Jerrick Media (OTCQB: JMDA) and its flagship product Vocal, I want to mention how thankful I am to my team and network for the successes we have shared this past year. I have consolidated and carefully curated my networking email list for the upcoming year. It consists of so many talented individuals I have met throughout my career. Some of you I have been updating since the launch of the Vocal platform in December 2016, others since before the inception of our public company in February of that year.
Jerrick CEO’s Week in Review: 12/16/19 - 12/20/19
The company’s current revenue expectation of approximately $305,000-$315,000 for the fourth quarter 2019 is in line with previous public guidance. This is as compared to the $91,386 in revenues reported for the third quarter, over a 300% increase. $91,386 represented nearly a 100% increase over a combined $41,515 for the first 2 quarters of fiscal year 2019.
Jerrick CEO’s Week in Review: 12/09/19 - 12/13/19
The success of the Vocal platform thus far is predicated on the notion that content as a commodity in the digital space has continually appreciating value. Or, more precisely, content has potentially ever-appreciating value when it exists on a platform that is powered by strong technology and armed with a strategic distribution methodology that not only disseminates and monetizes the content, but optimizes its platform for scale. That is exactly what we built in Vocal, a proprietary platform whose technology is self-evident and driven by data.
Jerrick CEO’s Week in Review: 12/02/19 - 12/06/19
At its core, Vocal is a platform for creating, sharing and distributing content. It turned out that, while building a best in class, long form social platform, we found ourselves with a very powerful IR product to boot. The assembly, digital distribution and search engine optimization of corporate materials and messaging in a structured environment like Vocal is far superior to patched-together data platforms or paying for research on forgettable websites. Simply put, there is no one better to piece the puzzle of public information together and define the narrative of a company than a CEO and executive team, and no better medium to share it than Vocal. My partner Justin Maury and I use the Vocal platform for more in depth discussions about the digital space, as well as Vocal product updates and Jerrick’s uplisting process. Each week, we’ll be publishing this recap, which will amalgamate and contextualize the various updates from the previous week and is designed to maximize communication and transparency with our shareholder and creator communities alike.