Trader logo

The Essence of Our Approach: Personal and Business Synergy

Charting Creatd's decade: strategic resilience, market evolution, and the fusion of personal and business values.

By Jeremy FrommerPublished 3 years ago • 3 min read
Top Story - January 2024
Image generated with DALL·E 3

As I reflect on the decade-long journey of Creatd ($VOCLD), I want to share with you the insights, challenges, and strategic decisions that have shaped our path in the ever-evolving microcap market. This letter is a consolidation of our discussions, embodying the essence of our collective experiences and outlining the future we are passionately working towards.

My approach to life and business is deeply interconnected, where personal and business values are not separate entities but are intertwined in a seamless tapestry. This philosophy is central to how I conduct myself, both personally and professionally. It means bringing the same level of passion, integrity, and authenticity to every aspect of my life. I understand that this might be different from conventional practices, but it is the core of my identity and significantly influences every decision I make.

I have spent the last year working with my partners on Creatd's strategic reinvention while adapting to complex market dynamics. Our journey through the challenging terrain of the microcap market is a testament to strategic resilience.

In an important move, we executed a reverse stock split, returning soon to our original ticker, CRTD, from VOCL. This decision symbolizes a return to our roots and reaffirms our commitment to being a portfolio holding company of cutting edge technology and media assets. It is a strategic step in aligning with our core vision and mission of combining the three disciplines of Finance, Tech and Data.

Post-split, we are strategically focusing on strengthening the balance sheet and improving the portfolio, acquiring distressed associated technology assets. We believe that we are entering a period of significant consolidation in the tech industry, particularly in the small and microcap public markets. This represents an opportunity for Creatd to emerge as a leader in acquiring and integrating undervalued but fundamentally strong technology assets. Our strategy is to leverage these opportunities to position Creatd at the forefront of this consolidation wave.

I am very focused on our financial strategy and despite the challenges, including a lower market cap, we have made the strategic decision not to refinance our debt but to convert our convertible notes into preferred securities. I will have more to announce on that over the upcoming weeks. This move significantly reduces our debt burden and sets us up for a financial turnaround. It's a testament to our commitment to financial prudence and long-term value creation.

Our stock's trajectory and volume indicates a shift in our shareholder base, from short-term investors to a more stable, long-term investor base. This aligns with our strategic goals and strengthens our position for future endeavors. It reflects a maturing of our investor relations and an alignment with our long-term vision. The past years are defined by innovation. Our painful transition from NASDAQ has been a period of fortifying our core assets, notably the Vocal platform. Vocal is poised to generate positive cash flow, distinguishing Creatd in a market often characterized by uncertainty. This period has been one of survival and resilience, showcasing our ability to adapt and thrive despite market challenges.

Moving to the OTCQB brought its own set of challenges, but we remained steadfast in focusing on our unique strengths and growth potential. Our decision to reverse the stock was a carefully considered strategy, aimed at long-term stability and growth. It was a calculated move, undertaken to ensure our continued success and evolution.

Today, despite the stock's price, Creatd is in a stronger position, with a much more stable capital structure and a solid foundation for growth. Our aim is to uplist to a national exchange. We have done it before and will do it again. We are continuing our journey of overcoming adversity and seizing new opportunities.

In closing, I want to thank each one of you for your continued support and belief in our vision and strategy. Creatd's story is not just about navigating through challenges; it's about embracing change, seizing opportunities, and redefining the boundaries in the microcap market. Our journey together is far from over, and I am excited about what the future holds for us.

Thank you for being a part of this journey. Here's to a future filled with innovation, growth, and success.

stocks

About the Creator

Jeremy Frommer

Chairman & Co-Founder of Creatd ($CRTD) and Vocal. We have much work to do together.

Enjoyed the story? Support the Creator.

Subscribe for free to receive all their stories in your feed. You could also become a paid subscriber, letting them know you appreciate their work.

Subscribe For Free

Reader insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment
    Written by Jeremy Frommer