 I am loving this What's up money geeks? Mr. V here. Welcome to another video guys. So into this video we are going to talk about ticket symbol INAQ So this is a company. This is a blank check company that it's in the process of taking Metro mal public so through a reverse merger again guys. This is the year of the spark So if you don't know Metro mal it's a company that insurance company or other insurance company that Is designed for you to pay your insurance as you go. So pay per mile insurance company, which I really really love So I want to take a look at this company and I'll tell you guys why I think this is the future of the way insurance is supposed to be But before we get started guys via new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on new content So metro mal again, this is a startup company that's actually backed by billionaire investor mac cuban So the company is actually set up to allow people to drive To pay their insurance base on their driving. So if you guys are like me I i'm not a big fan of insurance companies, but it's something that you need to have So metro mal has come in and changed the way other insurance is supposed to take place So take for example, if you own a car and you buy insurance and park that car in your garage A dark insurance sits there. You're not driving your car, but yet you're paying for the insurance Same thing with any other thing that you insurer. Let's say A van or whatever If you're not using it or both if you're not using it It's sitting there, but you yet you're paying for insurance So these guys have come in and changed the way that's going to work So right now when you buy insurance, you can only pay when you drive Which to me is excellent. That's the way insurance is supposed to work So that's one of the key reasons why I'm super interested in these guys And I'm looking forward to seeing where they go in terms of changing the way insurance companies work And I strongly believe that the many these guys start to go all over the country Major insurance companies are going to start switching and following suit You can take examples like robin hood when they first came out and said all commission-free trading platform Everybody's like wait a minute. That's not going to work. And today all other brokers are trading commission-free. They follow it So these guys are also leading the way as far as a paper mile insurance Auto insurance. So I think this is a huge opportunity The one thing I want you guys to know here that right now The service is not currently available in in all states So if you put in your zip your zip code here and then get get code It will tell you if you are If your state is currently available for metro miles So that's something you want to double check and then so basically you can double check your rate and he tells you how You how's everything works? So your monthly rate They give you a plus the number of miles that you you drove Times six cents in this case. So just give you here's an example. So monthly rate is 29 dollars. You drove 450 miles Six cents per mile. So that's going to cost you 56 dollars a month So this is just again, this is just an example So you can see how much you drive a month this number is going to go down So if you only put let's say a 50 miles or 60 miles a month This is how that's how much you're going to pay that month for insurance, which I think is brilliant So the fact that some of the investor like my Cuban is behind it I I think it has, you know another opportunity to really make a big name for itself So as when we were doing this video, uh, Inaq was currently trading at About 12 dollars and 94 cents. Again, this merger is really anticipated to be Close by first quarter of 2021. So it's not any time soon But first quarter of 2021 and once that happens the ticket symbol is going to change from Inaq to Mle, so that would be the new ticket symbol for this stock. So I see some big things happening here So let's take a quick look here. So again metro mile poised for substantial scale So this is how they are anticipating to increase their revenue or scale So right now they want to accelerate their footprint in the entire us Like I said, they are not everywhere selected cities or selected states Right now. So once they can get to all 50 states, that would be excellent and even go to the territories Let's say Puerto Rico, that would be great for them. And then, um, you know, expand just your market all nationwide scale your partnership, you know So you want to do partnership with with ride alongs and and also with companies like uber and and lifts because they have a ton of drivers That currently put mileage on their cars and they can compare the insurance and see if it's cheaper to do metro mile Or to do a traditional insurance and that would be a good partnership that they can have And then they're also building their enterprise software that can help them generate revenue Which is something that a lot of people are looking at. So it's not just Let's say a paper Mile insurance company is also it's going to be a software as a service company So it's going to be a SaaS company, which I think it's a brilliant idea. And then Last but not the least they are looking at cross selling their insurance. So they start looking. Hey, can we bring home insurance into the picture? Can we sell renter insurance? Can we sell pet insurance and then? Warranties and maintenance. So those are all things but they will bring you through the door That will save you on your other insurance But hey, why go buy your your home insurance somewhere else? You can just buy it with also they can cross sell which to me that is a brilliant Idea to try to really generate even more revenue. So right now This is where they are currently located. So already have the green There's eight states that they currently operate in and then 2021 they're adding 21 more states and then 2022 49 states. So that is the plan of their expansion again right now just currently operating in eight states which is Really nothing because the market is just so big and I hope that it can expand as soon as possible. So again Market is just scaling improved looking at Virginia, Illinois, Arizona, New Jersey California, Washington and Oregon. So this is the market share for those different states. So as we look at it right now, I think Washington, Oregon are sitting at about maybe 20.25 percent So all other markets are still out there a state like Texas, which is massive It's not on this list. I don't see Florida on the list. So name it There's a tremendous amount of opportunity for these guys to really go out there and be and be profitable So again, my my personal take here and I'm using myself More so as an example for this company And the reason why I really like this is because I don't think that the traditional way that we pay All the insurance works It's really to the detriment of the you know, the car owner because if you own the car you own multiple cars You pay insurance on all those cars and you drive One of those cars on the daily basis lesser for your commute to work The one that's parked in your garage you see paying the same amount of insurance even though you're not driving it So for this company to come in and take and tell you like hey, you can only pay when you drive your car I think that's brilliant. Maybe some of you guys would probably see different But that's the way I see it. I think this is there is a market for this. So What I'm going to do is I'm going to get in on this pick up a few shares And then just continue to add and see how that goes because I like technology or I like solutions that Changes the way we do things in our currently the traditional way of doing things when somebody comes in and Put a tweak to it and improve it. I love those kinds of technologies So again, you're looking like tesla that started and people was like, oh, that's not gonna work But look at where they are today. So this is going to be the same thing Most industries are going to see this change happening. It's just going to happen. Look at Open doors going public as well With no selling your home taking really really real estate agents out of the picture and just between you and A buyer you can just sell your house without having people walk through your house So a lot of these changes are happening. Some people are not comfortable with Tremendous amount of opportunity for investors to go in and make a lot of money And so if you are just sitting there and thinking you don't like change You're going to be left behind not only get left behind by technology. We're going to be left behind broke So consider looking at some of these Companies that are changing the way we do things the traditional way of doing things and see if there is opportunity They jump right into let me know in the conversation. What do you think about the concept that metro mall users right now Where you only pay Based on how much driving you do you guys think that's a brilliant idea Who's like, oh, I don't think that's going to work again Let me know in the comment section and if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content and also if you are looking to start investing guys We will is currently doing a promotion where if you sign up and deposit a hundred dollars You get two free stocks to get you started links in the description below You get the stock I get the stock is what helps me keep the content here on the channel going So in as always guys always do your homework. Don't be greedy savage and stay motivated