Question 1

Congratulations on the organic growth without any advertising efforts. Really interested in the project but have a few questions: a) Have you got a first response from the Patent Office yet? b) Is there a plan B in case the patent is not granted? c) Considering that rather tha...

Accepted Answer

Hi Viral, thank you for your interest in GlobeChat and your questions which I am happy to answer. a) No, we have not received a response from the patent office yet. It was submitted in May, 2015 and due to the technological area of invention it could take 3 years to hear from the examiner. b) Yes, absolutely. The Plan B is to grow and scale the company as quickly as possible. The patent itself would be a huge asset once approved, however patent or no patent we are focused on protecting oursel...

Question 2

Considering an investment. Seems as if the field has significant competition. How many patents do you have? I noticed one so far. How will you differentiate yourself in this market? Thank you for your time.

Accepted Answer

Thank you for your question and considering an investment in GlobeChat Andrew. We have submitted for one patent which covers two key elements: the first being the ability to send a message in a single language to multiple recipients concurrently with each receiving the same message in their own language; the second covers the ability to filter search others globally based on age, gender, hobbies, interests, career, and thousands of other criteria. Yes, there are many social networks and chat ...

Question 3

I tried to be the first to invest, but I get the following error message: "investment sec_xml_filing_id can't be blank" when I clicked submit. Is your SEC filing complete? what is causing this error?

Accepted Answer

Hey Herbert! Sorry about that, there was a delay with the SEC filing and subsequent live fundraising. You should be all set to invest now.

Question 4

Where do you come up with a $25mm validation cap with no money and no revenue to speak of and a patent that's yet to be approved? I really need to know why it's not under $5mm given you current financials? Thanks and best of luck...

Accepted Answer

Thank you for your question Barnaby. Chat applications represent some of the fastest growing digital properties in the world - messaging apps are the platform of the future. Snap, which is a company not making any revenue, is now worth more than Delta, Target, CBS, Activision Blizzard, eBay, General Mills, Marriott and 378 of the companies in the S&P 500. Our valuation is based upon our five year financial projections, the well documented expansion of the messaging marketplace, the innova...

Question 5

Hi, fascinating idea. Congratulations on your success so far. I have three questions: 1. Is no other company providing businesses and others the ability to chat in real time with people who speak multiple languages? 2. Who are your 22K users so far - in other words, what do th...

Accepted Answer

Much appreciated and thank you for your questions Alan. 1. Yes, there are companies providing businesses and others the ability to chat in real time in multiple individual languages, and with the API available from Bing and Google others can enter the market as well. For us, the individual translations are only one component/tool for the larger scope of what we have created... we are focused on providing a single unified global universal communications platform to connect everyone on the plan...

GlobeChat

A patented app that allows users to meet and chat instantly in over 70 languages

$103,654

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GlobeChat

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$103,654

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