Roadster replied the topic: Heelo (private) 50M shares out www.heelocoupons.com
Ron Great to see Heelo update and your involvement as you noted in following:
"Roy closed over $1 million financing at $0.75. The next round of financing opens today, $10 million at $2.00 per share. This will be used to expand beyond Toronto and Canada.
On the public front, the plan is an IPO on Nasdaq, but time frame unknown yet. First step is to prove success of technology - now just beginning.
You may notice, I am the Investor Relations contact. I agreed to take that task on for a while to free up more of Roy's time to implement sales.. I am right up to speed on everything, met with Roy yesterday and did live, real walk through on the App on my phone and back end platform
News releases will come on a more regular basis on progress, no longer what is going to come or being planned but what has been done or implemented."
RonS replied the topic: Heelo (private) 50M shares out www.heelocoupons.com
Everything going well with Heelo but completing legal agreements to merge with U.S. company taking longer than first thought. Much quicker than with a public company but just the same have to take the time to get all the i's dotted.
I doubt there will be a roll out this year because it is going to be too close to XMAS by the time the merger is done and retail stores too busy by then, but a January 2018 roll out would still be great timing as retail outlets will be looking at ways to improve and set 2018 advertising budgets.
I believe when Heelo is able to announce this merger complete, shareholders will be quite surprised and delighted. The US company does have sales and revenue
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