 Hi, how's everybody doing today? I'm your host Rich here on behalf of RichTV Live with our very special guest, the CEO of Victory Square Technologies, Shafeen Diamond Tejani. How are you doing today Shafeen? I'm good. Thanks for having me, Rich. Thank you for joining us. Really excited to have you on the show. We haven't actually spoken face to face or had you on the show since we were talking about October 2019 and there's been a lot of development with Victory Square Technologies since then. Why don't we get started a little bit about, maybe just tell us a little bit of an update on what's going on with Victory Square Technologies and then we can get into some more specifics about some of the things you've been working on. Sounds good. Well, first off, again, hope you and your family and all your viewers are keeping healthy and well. Again, thanks for having us on. So maybe I'll start with just a quick refresher since it's been over a year since we've been on. Victory Square Technologies was created in 2017. The goal was to democratize access to the next best tech companies before they became giants, giving retail investors early access to these next gems. We have a diverse portfolio of 23 companies all focused on disruptive technologies like digital health, blockchains, cybersecurity, virtual and augmented reality and AI. Since we last spoke, there's been a tremendous number of updates. I'll begin with identifying when 2020 started, we had three goals. The first was to continue our year-over-year growth. We ended the September 30th nine months in 2020 at around, I think, 13.6 million in net income around 18 cents a share. So we achieved significant growth over those nine months. And from January 1st to December 31st of 2020, our share price appreciated from five cents to closing at 55 cents Canadian to end the year. So that was one big goal and we achieved it. The second was to diversify our investor base. And in November of 2020, we closed an upsized and oversubscribed financing with gravitas. So that again, big milestone, we brought some family offices, some strategic investors and again diversified the number of investors that were kind of in the Victory Square story. The third was to spin off FansUnite. So FansUnite was one of our portfolio companies, one of the earlier portfolio companies. They went public in May of 2020 and throughout the year, I think they collectively raised over $20 million, the market performed a couple of large money transactions and the market cap is around $150, $160 million. So 2023 goals continue to increase the fundamentals of the business. We did that both with improvement in our share price and our daily active volume and our net income numbers for the nine months ending September 30th of $13.6 million and 18 cents a share. Diversifying our investor base, which we did with the financing we did with gravitas and spinning off FansUnite to really validate our thesis and being able to find these great management teams, great companies early and then be able to work with and build and scale them up to be a value for VSTVST shareholders. Can you talk a little bit about that deal? How does that work? How does that benefit shareholders of Victory Square technologies? Is there a benefit for shareholders? Obviously there's a benefit to the company. Can you explain how that works when you spin out FansUnite? Absolutely. So the first benefit for VST shareholders is in validating our thesis. So the thesis is that we can find these early stage management team and companies in disruptive sectors, work with them for 12 to 36 months to commercialize their business and then to be able to spin that asset off and unlock value so to be able to show the market what our cost base is to what the market is valuing that company 36 months later. And in the case of FansUnite, you're looking at almost a 5% to 600% increase in value. What that does is that validates the fact that we've got 22 other portfolio companies in the hopper and it allows analysts to better value what else is kind of underneath FansUnite and ultimately impacts VST share price and asset value. The other big benefit is what do we do once the asset spun out? So as the assets spun out and increases in value, we have a couple of options on the VST side. One, we can issue a share dividend to VST shareholders. So if you're a VST shareholder, you may receive shares in a portfolio company that gets spun out that you can hold or sell at your leisure. The second is that we liquidate some of that our position in that portfolio company when it's spun out, given that the valuation is significantly increased from our cost base and pay out a cash dividend. Or the third is that we liquidate some of that position and reinvest it into continuing to build the funnel of disruptive technologies. All three ultimately validate our VST thesis and add value to our bottom line which ends up hopefully impacting the share price positively. Now that was one of the things that I was really impressed with you when we first met. You had this huge portfolio of companies and I remember you talked about the goal of spinning out companies and congratulations on spinning out your first company. Now what I want to know is, I know that's not the last. So there's a couple of other companies that you're looking to spin out maybe as early as 2021. Game on and immersive opportunities are available potentially for spin outs. Is that correct? That's correct. So the next six to 12 months are going to be super exciting. I think fans unite went out and performed very well. Not just for VST but VST shareholders but also for fans unite, investors and shareholders. The next two game on and immersive technologies will be spun out very, very shortly. And what those two will do is they will validate a pattern. Investors might look at fans unite and say, okay, well that's one. Let's look at two or three to really, really buy to the fact that this is something that you can consistently repeat. So game on is scheduled to go out in 2021. So in either the end of February, beginning of March and immersive technologies should be spun out shortly after March, April. Both are wholly owned subsidiaries of VST. So that's one thing for shareholders to notice. They're wholly owned at this point. So they're going to unlock tremendous value for VST and VST shareholders. Both are in really high growth sectors to gaming, e-sports and virtual augmented reality have not only been hot pre COVID but I think with the pandemic, both of those spaces have drawn by leaps and bounds and both companies have, not only are they in the right sectors but they have very strong boards, very strong management teams and they both validated their product with Fortune 500 companies. So in the case of immersive tech, they work with clients like ESPN, eBay, Intel, Bayer, Snickers and then in the case of game on NBC universal, Comcast, the Real Housewives franchise. So both companies, great sectors, great teams, validation on their product with large clients. And both we anticipate trading very, very well post listening. Wow, that's exciting. So a lot of exciting things to look forward to for Victory Square Technologies and the shareholders. Can you elaborate a little bit on what your plan is for the next 24 months and elaborate a little bit on discrete care and telehealth? Yeah. So in addition to spinning out game on and immersive tech, the third area that we've not only seen a lot of momentum and traction in but one which we truly believe in not only over the course of the next six to 12 months, but 24 onwards is the digital health revolution. So everything we're doing in that space, it started last year in August where we had a portfolio company and investments that we'd had since 2017 focused around personalized medicine. One of those companies that was focused on rapid testing and diagnostic at home testing had a COVID antibody test and what it would do was in under 15 minutes it would let the person know whether or not he or she had COVID currently or had COVID. That triggered kind of a domino effect of opening doors around everything we were doing in the digital health space. The first thing it did is it established relationships with regulatory bodies not just in North America but in South America which is where one of the portfolio companies was based in Brazil and Europe. It allowed us to establish distribution partnerships, so distribution to hospitals, retail and then ultimately consumers because it was a product that everyone wanted. That really opened the door for us to be able to build not only a digital health business in Europe, South America and North America but it gave us a big competitive advantage in that we already started off with consumers and customers for our products. You mentioned a couple of things, you mentioned street care. Over the last 24 months we've established relationships with over 10,000 health professionals in over 50 states in the US. These are health professionals that are able to perform telehealth services for customers and clients in all of those regions. We decided to initially focus on street care so services that people may feel uncomfortable going and seeing a doctor in person. This would allow them to do that from the press of a button. But in addition to providing that telehealth service, we also have a 503 pharmacy license to be able to prescribe. So we have same and now next day and now same day delivery prescription delivery for all those patients. And a lot of the services that we're providing over telehealth require a recurring prescription. So there's a great margin and great recurring business model on there. We started with street care and we've now expanded that to at-home diagnostic point of care testing for allergies, STIs, COVID in a variety of other at-home diagnostic tests. And then to the hospitality space. So to hotels cruises, I think when travel comes back, which it will, I think hotels need to create additional revenue streams, but also make the environment safer. So patients, sorry, travelers, when they come, when they stay in a hotel, if they're feeling ill, instead of having to Google a walking clinic and leave the hotel to go and find one, they can see a physician, recommended referred physician from their hotel room and have prescriptions delivered if there is any sort of issue. And I think that'll be key with the safety within a hotel for people to feel comfortable going and traveling, both for tourism purposes or business travel. We added something more recently. About a week ago, we announced an acquisition of a company called Hydrate. So Hydrate was performing on demand, on site, so almost like an Uber for health care, where in addition to telehealth services, they were going on site to provide specialty type of services. So they were performing IV drip, Botox and other types of Metaspa services. So this not only increased our line of services that we can offer within our ecosystem, but it improved our technology and our team and our offerings as a whole, which we'll be using that technology to also license into Brazil to build up our digital health portfolio there as well. So the digital health revolution, which is something that we see not only important today, but will be important tomorrow, and there'll be tremendous disruption and for us having the technology, the customer base and the services I think is going to give us a big leg up in there. And just one other thing to add to that, a lot of our investments are focused around quality of life, people are going to always work, play, eat and communicate. What changes is how they do that, so technology has changed how we do that and how companies service that. So for us, quality of life is so key and so health for us, we really believe that the next generation of health care will be more preventative. For the last decade or so, health care has all been about treating once you've got some sort of issue. But today with your iWatch and your iPhone and your Freestyle Libre, we're able to collect a lot of real-time data to help people prevent in advance of getting some certain ailments. I love what you guys are doing. This is a very crazy time in history. The world is really changing. I mean, we can't go anywhere without wearing a mask. I go to the gas station, got to wear a mask. I go to my son's soccer practices, soccer games. Can't go watch the game. We're not even allowed to go watch the game. I have to sit in my car. The world has really changed. So I love the fact that you guys are trying to help solve this problem because it's a major problem. The world is stopped kind of in my sister lives in the Cayman Islands. They have no COVID, zero COVID. Nobody wears masks. Her son goes and plays hockey. They have a normal life. I would love for us to get back to that here in North America. The fact that you are working towards getting us closer to that, I think it's phenomenal. So thank you for your service. If there was one thing you would want shareholders to know about victory square technologies, what would it be? So there's our mission of democratizing access to these next-tech giants and the nature of the disruptive innovation we work on, which is dealing with things that are going to, or technologies that are going to help, like you mentioned, have a positive impact on our environments and our health and our socializing in our communities. But ultimately, people invest to make a profit, to make money. And what helps is when you can invest in something where you can make money but also feel good about what you're investing in. That's really what VST is about. I'm the largest shareholder. Put my money where my mouth is, and we seeded this company and haven't sold the single share. But ultimately, we give entrepreneurs 23 chances of hitting a home run. Access to some of the top companies from all over the world, disrupting all walks and all sectors and all geographies of life. But the nature of the companies we're investing in, so not only is there profit here, or profit potential here, but you can feel good about the companies you're investing in. Like I mentioned earlier, all of these disruptive innovations generally help transform and solve some of the world's biggest problems. And so you can make money and feel good about what you're investing in. You mentioned a little bit about your share structure and how you've got a huge position in the company. Can you talk a little bit about those two things, your share structure, how much is held by yourself, insiders and institutions, and also about your cash position that's very important to our global community of investors that are looking to invest. Can you talk about those two topics? Yeah, absolutely. So we currently have about 76 million shares out. Very good. I think there is about 10 or 11 million special warrants that came from the financing that we did in November, which converted into common shares very, very shortly. So I think issued and outstanding will be around 85 million shares. Management and insiders own, I think, close to 38 to 40%. Great. I believe I'm at 18 to 22%, around that number. Haven't sold a single share. When the business was founded, myself and my business partner ceded the first, I think 10 to 12 million dollars into really building up this portfolio. So tight, fairly closely held share structure, good management ownership myself, as a larger shareholder. Current cash position is probably around 5 million Canadian dollars, but our burn is only around, I think, 65, 70 grand a month. So we've got a ton of coverage on that. And one thing to note over the in the past, so November was our first actual non-insider financing that we held. So in the past, I'd set up a $10 million convertible note to provide the business with funding if it ever saw opportunity. And also, if it saw opportunity and the share price was lagging, the business didn't have to dilute, I could provide that capital to the business to grow. So funding and financing and access to capital has never been an issue for us. No do I think it'll be an issue for us going forward. That's great. Well, it sounds like you guys are on track to have a huge year. Congratulations on all your success thus far. Shefin Diamond Tajani, the CEO of Victory Square Technologies. Thank you for joining us. Hopefully you can join us again. Hopefully it's not going to be 14 months before our next video. If you ever have any big breaking news, Shefin, please join us, whether it's live or we do a pre-recorded video, love to invite you back on our show. Anytime you have big breaking news or even want to do an update, love to invite you back on our show. If you guys like the video, please smash the like button, comment down below, share the video everywhere, and subscribe. And remember, Rich TV Live is strictly for education and entertainment purposes. Always consult a financial advisor before you make an investment in anything we talk about. Chances are when you go and speak to your financial advisor, financial advisors are going to say that's a really good pick. And that's what we love to hear. We love to get back feedback from financial advisors that say, where'd you hear those picks? Those are great picks. I think VST is a company that has a great future. I said that since day one, a company that's undervalued, under-appreciated, underexposed with the portfolio of companies that you're working with in the world that we're in right now with the tight share structure and money in the bank like you're talking about, I think that the future looks bright for Victory Square's technologies. And thank you so much for joining us, Shafin. Thanks so much for having me and yeah, special shout out to all your viewers and audience. Thanks for all the support with VST. Thank you so much for being here. Thank you guys for watching. If you're not winning, you're not watching. We bring you the winners and we bring them to you first. We brought you Victory Square Technologies first and I think this is a story and a business that's just getting started. Thank you guys for watching. Shafin, thank you for joining us. Everybody, have a great day.