Yep, they needed to hit 30000 in Dec for another target to issue other options/performance shares.
So that quick burst of 5000 Asian telco customers are likely only bringing in $1 each per month. Not much margin in that but easy to announce the nice sounding figure of 30,000 total.
I'll be watching very closely the breakdown of where paying accounts are coming from.
Big difference between $12 a year for an account and $80 a year for an account.
Possibly current shareholders at the general should seek that not only they reach the additional accounts but that they maintain a certain average revenue per account across those numbers. Rather than run the average into the ground adding Asian accounts with little revenue attached.
I really don't think the thresholds here are in the interest of current shareholders who are not also employees/directors.
Easy target to hit. Just onboard heaps of $1 a month accounts.
All of these options and performance shares being issued is the one thing holding me back from buying in.
FZO Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held
