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.”)
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.
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.
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.
Patience and Hard Work It’s almost two weeks into the new year, and we’re off to a promising start as we continue to work through multiple tracks, including:
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.
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.
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.