 Are you tired of watching boring old press releases? Then you've come to the right place, the right channel, the number one channel for CEO interviews and company overviews. Welcome to Rich TV Live, subscribe to our channel and make sure to hit the like button on our videos to help with the YouTube algorithm for more information and in-depth discussions and analysis, join our trading club at richpigsdaily.com and don't forget to subscribe and hit the bell for notifications to get alerted when our next CEO interview is released so you can discover the next 10-bagger. Hi, how's everybody doing today? I'm your host, Rich. Here on behalf of Rich TV Live with our very special guest. It's Chris Miglino, the CEO of Shracks Inc. How you doing today, Chris? Really good, Rich. Thanks for having me. I appreciate it. Always a pleasure. Excited to have you on the show and learn more about your company today. Why don't we get started, Chris? And you can tell us a little bit about yourself and how you got involved with Shracks Inc. So I started Shracks around 10 years ago. I've always been in the data business. I've always been focused around building businesses that were in the data arena. So I've started three separate companies in my life, all of which have ended up in the public arena. This company inside of Shracks were really focused on building a product called Sequire, which is a tool that helps public companies understand who their investors are and what they're doing. So I've always been focused around figuring out ways to take data, reformat it so it's more useful for the end user and how to use it to then market to and figure out a better way to create something that the, in this case, the public company could market to. So market to their investors and things of the sort. So always really been focused, always been an entrepreneur and really focused around building companies and businesses that are highly focused around leveraging data. We love entrepreneurs. I've been a serial entrepreneur my entire life, my whole adult life really. And we interview companies every day and we love meeting with entrepreneurs. And the entrepreneurial spirit is very, very powerful, especially in North America. That's pretty much been built on entrepreneurialism. Can you tell us a little bit about what your main goals are for Shracks Inc. for the last two quarters of 2021? Yeah, so we're in the business of building a platform. It's a SaaS platform that we license to public issuers of stock. So public companies that have come on the show many of times license our product and it enables them to see who their investors are, how many shares they own, what price they bought those shares, more information on those users, their Facebook account, their LinkedIn account, their Twitter account, their phone number, their email address, and it provides them tools to then communicate with them, SMS them, to email them. And you can pre-define tools to say, okay, if certain criteria are met, we wanna email these people. So our goal really is to get to as close to 300 companies on the platform as possible this year. The last report we had, we were around 200 companies on the platform. So now we're just seeing some accelerated growth we've had. We upped our guidance for the year twice so far this year. Now we're between 25 and $27 million for this year. We think that we'll continue to see growth in that. So we're gonna be reporting our second quarter earnings here pretty soon, but obviously in the sometime in the beginning of August. And I think that we'll have some good numbers there. And I think that we'll have some good projections as far as what we're gonna be building into the second half of the year. So we have, this is our most exciting build year. We've built more cool stuff this year than ever in the history of the company. Cause we've been working on a lot of it for a long time and a lot of the teams are coming together now and we're releasing a lot of stuff. And so we're really excited about seeing a lot of releases of new product enhancements into the second part of 21. So that's really our goal is more customers on the platform, happy customers on the platform and more products in the platform, creating more value for the people that are using the platform. Here at Rich TV Live, we love disruptive technologies. We love innovation and you guys have a team and I'm sure it's a strong team. And in order for a company to be successful you need a strong team. Can you give us a little sense of who are the key members of your team and what type of experience they bring to the table? Yeah, so we have 145 people in the entire organization. So it's quite large. We have a lot of developers that are constantly building for us. And our goal is just to keep building and building non-stop. So the teams are working small units but are building small pieces to the entire platform. So we have a head of technology, we have COO, CTO, CFO. We have lots of team members that are contributing to the entire infrastructure of what we're building. But really everybody's as important as the most senior people in the company because the programmers that are working every single day to build the tools that we're bringing to market are just as important as the CFO or the COO or our top sales people because they're really bringing the knowledge and expertise to the table to make it happen. So instead of defining each individual person individually and saying, look, there's our CFO with amazing experience or here's our COO with amazing experience, I'd say like the entire team is we have a close knit team and they work closely together, they have a good, we have a good culture inside the organization. You know, when people don't work out, they quickly move out of the organization and but the core team and that's been there with us has been, you know, we have employees that have been with us close to 10 years now. So it's exciting stuff. That's very impressive. Now we touched base a little bit about your Sequire platform and that is really the essence of what Shrax Inc is all about. Can you talk a little bit about how the Sequire platform works and how AI technology has really allowed your platform to predict human behavior based on traditional methods? Yeah, so we have 200 public companies on the platform or more than that, but last report we did we had 200 public companies and we ingest shareholder data around all 200 companies and we take that data and we put it through a lot of machine learning to understand who are these people? What are their demographics look like? What are their characteristics look like? And what kind of people are willing to invest in pharma stocks? What kind of people are willing to invest into technology or cannabis or into, you know, you name the sector of industry who's investing in these different companies. Just OTC stocks on their own are companies that, you know, those individuals have a unique profile to them and there's only a subset of them that can actually do it, right? You can't, not everybody can call their broker and say, hey, buy me XYZ stock in the OTC. The brokers would say, no, I can't even buy that stock. You know, I'm not allowed to do that. And so there's just a subset of those people but we have a good look of what all those people look like and we have the ability to then create community around all of those people and provide educational services. So we provide tools for conferences, we own a conference called LD Micro where we have this last one, we had a couple of weeks ago, we had 200 companies present at the conference, they all get a half an hour to present their story. And then we have around 100,000 investors came and watched that event and watched the different, you know, the different stories from all these amazing entrepreneurs that came. So, and then inside of the Sequire platform itself, we help these public companies just to understand who it is that is, who are these investors and using AI to help them optimize that data. And we then say, okay, if this person crosses over threshold of owning this many shares, I want you to send them an email. So, you know, so you don't miss somebody that bought a million shares, right? You want to communicate with that person that bought a million shares or 100,000 or whatever the price may be that you're interested in, you can set those thresholds within our system and it'll automatically start the engagement with that individual and say like, hey, the CEO of the company would really like to have a call with you. You know, we see that you're increasing your position in the company and then start texting them, start emailing them and keep that communication going. And we provide a bunch of other tools that are really important for public companies. We help them manage their warrants, their employee options. We help them manage their contact list over time, people they meet that want to be investors in the company. We help them manage that. We help them understand who their institutional ownership is, how that's changing over time, who are the people that are making those investments at those institutions, who are registered investment advisors that they should be speaking to and should be reaching out to, that's all integrated into the platform. And a bunch of other things that are very technical in nature that are good for public companies. We have a whole virtual platform that allows them to do earnings calls and conference calls and annual shareholder calls. We just had our annual shareholder call before this call on our platform. So we can then track who came, who engaged and we can watch, are they coming back and visiting the company? Are they engaging with the company? Are they a shareholder? Are they increasing their position in owning shares in the company? Are they decreasing that? What price are they buying it at? What price are they selling it at? So it's all, it's very valuable data for public companies. Absolutely, this is extremely valuable. I think what you guys doing is brilliant actually. Thanks. We talk to public companies daily. I think we've done about 200 interviews in the last year. So I think a lot of our clients will be very interested in this product and we're going to try to make some introductions. What is the projected growth of this sector? And how much of it do you think Shraks Inc can capture? So there's around 8,000 public companies in the United States out there, right? So we think that our goal is to be at 1,000 companies within three years. So we want 1,000 companies in three years, 300 companies this year, and we're just highly focused on making that happen. That is our A number one goal. And I think if we hit that 1,000 company mark, that we are a billion dollar business. Wow, it sounds like you guys are well on your way. If Shraks were to compare itself to its competitors in the sector, where would you say set you guys apart? I think that a lot of the people that are in this space now were built a long time ago for institutional ownership of stock. And as you know, that's changed a lot. Your audience is retail oriented investors and the retailer investor has the power just as much as the institutional player does, if there enough of them are coming to the plate. And so I think our tool really helps identify those people, helps communicate with those people. It gives them a voice inside a company, gives them an opportunity to ask questions to management. They're not ignored anymore. It's a tool that crosses that chasm wall, giving them the same tools that are kind of table stakes from the institutional side. We're giving them this extra retail data as well. And so I think that's one piece that defines us. And also a lot of our competitors have mature products that have been built a long time ago. We're constantly evolving and adding to our platform. There's not a month that goes by where there's not a release that happens on the platform. That's a new amazing feature that is of interest to some subset of our audience. And so we're constantly enhancing, improving the platform itself. That's really impressive. Now here at Rich TV Live, we really are fundamental traders. We love tight float stocks. Can you explain your share structure and how you plan to engage more retail and institutional investors? Yeah, so our institutional investor ownership this quarter, this all public data has tripled. Wow. So we went from 7 million shares. I mean, I'm sorry, 700,000 shares being owned by institutions to over 2.1 as of the last reporting. There's more than that that's happened because we got it added to the Russell now. There'll be more ownership there. But there's 23 million shares in the float total. If you back out what I own and what some really closely held people own within it, you're really down to around 8 million shares that actually can float that are trading inside the public float. So it's super tight. And it moves, when it has buy-in, it can move very quickly. And so I think we've done a good job on maintaining the structure of the stock because that's our expertise. We help clients do that all the time. We're marketing out to get information out about the stock constantly. And so we're putting in new hands all the time. So I think our goal is more retail investors in the stock while enhancing that institutional ownership, making sure that the retail people understand what we're doing because the data that we're providing is invaluable. And every time we show it to people, like when we shared it with yourself, they're like, wow, I didn't even know that's available. That's incredible data. I know a bunch of people that would like that or I would, CEOs just see it and they go, oh yeah, sign me up for that right away. So it's a thing that people don't understand exist. And so it's just a matter of getting a story out there and telling them what we're doing. Yeah, in 2021, data is more valuable than ever. It's all about data, right? When you have data on your shareholders, you can get their phone numbers, their email addresses. It makes it easy for the company to get in contact with their shareholders. I think what you're doing is brilliant, actually. And we've gone through it and we've got a chance to see it. And maybe in the future, we could actually go through it in more detail with our members so they can actually see what exactly you're doing. And I would love to show it to a few companies because I know that there's probably a long list of companies that we work with that we've interviewed that would love your service and I'm sure in the future we'll be able to make those introductions. Now in saying that, if there was one thing that you would want a shareholder that's either a current shareholder or potential future shareholder to know about Shrax Inc., what would it be? You know, we have a lot of cash on hand and we have a lot of stock on hand. And we take a lot of stock for services. And so as of our last quarter, we had around $23 million in stock on hand. And we had $13 million in cash on hand. So we have plenty of cash, plenty of stock. In the past, what plagues a lot of these small-cap companies is their need to continue to raise capital to kind of take it to the next level. I think we're at a point now where, you know, we're looking at what can we take back, not what can we issue more of, right? So we have plenty of cash out there and I think that's something important for everybody to realize. We also own an asset. We started a company, we spun it off into its own public company that is worth, our piece of that company is worth more than, when I say worth, I mean, it currently trades at with the more than the market cap of our company. So this company, yeah, it's a, it's very, you know, it's a, the company has a billion dollar valuation. Now that company does not have a tight float. That company has, you know, billions of shares outstanding, but we own a lot of them and it trades and trades like crazy. And so that's a unique thing that people need to see as well. So if we ever able to monetize our asset there, it could be, you know, we could get at least the value of where Shrax is today out of it. So it's kind of interesting. Yeah, that sounds extremely interesting. What is the best way for shareholders to get in touch with the company if they have any questions? So they can just go to investors at Shrax.com. That's a great way to get in touch our IR at Shrax.com. It's a great way as well, you know, our team formulates the information, gets questions and they'll get back to you right away. Fantastic. Thank you so much for your time today. Keep up all the great work. Chris Maglino, the CEO of Shrax Inc. Thank you very much, Roch, I appreciate it. Always a pleasure, Chris. Now, remember guys, Rich TV Live is strictly for information and education purposes. Please do your due diligence, do your research before you invest in anything that we talk about or discuss here in Rich TV Live. Now in saying that, I do believe that this company is very exciting. I believe that they're undervalued, underappreciated, underexposed and I believe there's incredible upside. If you like the video, please smash the like button. Comment down below, share the video everywhere and subscribe. 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