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More details on Scutify (and latest positions and ideas for new subs)

Cody Willard

Cody Willard

— 3 min read

I didn’t like the format of the last post we published and sent out to you guys, so I’m going to redo it here with some more info on the Scutify offering first.

1- What are the funds from the 100-120k shares being offered at 3 dollars a share going to be used for?

Paying Kheang’s salary so he can go full-time and general operating and development expenses.

2- Is there a business plan for scutify? If so please send it to me.

We haven’t done one yet, because the traffic absolutely took off and we’re still figuring out how we’re going to monetize beyond ads/sponsorships.

3- How does or will scutify generate revenue?

Ads and sponsorships and we’ll soon be launching a “Scutify Premium” product that will be available for purchase via the site and/or in the apps. Still in concept stage currently.

4- Is there a plan to further dilute the current $3 offering if certain revenue is not generated?

No, this should last us for at least a couple years and/or we should be self-sufficient/profitable or sold to a bigger media company like Yahoo! or WSJ/News Corp or Facebook, etc.

5- Is there a plan to do another round of financing after this lot of shares are allotted?

No, given that the money from the emailed and verbal commitments for shares comes in, we’ll be set for the next two years as noted above.

6- What do the financials look like now? Expenses ? Salaries ? Overhead?  Cash burn rate? Current Assets / cash on hand.

Expenses are running at almost negligible levels right now, as we’ve been moonlighting and building the company with elbow grease for a long while now.

7- Are there options or warrants being held or offered to anyone or plans to offer either?

Nothing meaningful or dilutive by more than just a few percent.

The Scutify.com community is exploding…just passed our 40k app download and our registered user base jumped another 25% in January.

And here are my latest positions.

I’ve broken the list into Longs and Shorts. And from there, I’ve broken down each list into refined categories in order from the largest positions within each category to the smallest.

Finally, I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course).

Longs –

  • Forever assets and other permanent holdings –
    • Media and other private investment/business holdings (9+ because betting on yourself and running a biz is always a best bet)
    • Real estate, including land and the ranch I live on in NM (7)
    • Physical gold bullion & coins (9)
    • BitCoin (6) – This position has gotten to be much bigger than I expected much sooner than I expected and though I remain very bullish about the potential for Bitcoin from here, I’m likely to take a bit off the table with it being up nearly 10-fold since my most recent purchases.
  • Primary stock exposure portfolio
    • Facebook (8)
    • Google (7)
    • Juniper (7)
    • TriQuint (8)
    • Amazon (7)
    • Apple (7)
    • Sandisk (7)
    • Intel (8)
    • Cree (7)
    • Ciena (7)
    • First Solar (6)
    • Calgone (8)
    • Lindsay (8)
    • FutureFuel (8)
  • Long-term social basket
    • LinkedIn (7)
    • Zynga (5)
  • Long-term 3-D printing basket
    • SSYS (7)
    • DDD (6)
    • XONE (7)
  • Short-term metal ETF flips
    • GDX (6) – Note: I have call options in GDX that are not worth very much any more.

Shorts –

  • Other shorts
    • GSVC (6)
    • Apollo (8)
    • IBM (8)
    • Dollar Tree (7)
  • Welfare bank basket
    • GS (7)
    • JPM (8)
  • Samsung/South Korea basket
    • EWY (8)
  • Bet on interest rates rising
    • IEF (8)

** NOTE FOR NEW SUBSCRIBERS:

If you’re new to TradingWithCody or if you’ve been a subscriber for a while but haven’t acted on much of my strategies yet and/or if you haven’t been in the markets, but you’re sick of getting 0% on your CDs, Treasuries, savings, checking, etc while the markets have been continually hitting all-time highs this year, what should you do now?

First, step back and catch your breath before moving any money anywhere and make sure you’re not about to make any emotional moves with your money.

If you haven’t yet read “Everything You Need to Know About Investing” then spend a couple hours doing so, please. It’s a quick read but chock-full of important ideas, concepts and strategies that amateurs and pros alike should understand.

Then, take a look below at my own personal portfolio’s Latest Positions and slowly start to scale into some of the ones you like best and/or the ones I have rated highest right now. I’d look to start scaling into a few of the many stocks in the Latest Positions that are at all-time highs along with a couple that we’ve recently featured in our Weekly Trades that I’ve personally been scaling into.

You can find an archive of Trade Alerts here – http://tradingwithcody.com/category/trade-alert/.

And you can find an archive of our summary of those Trade Alerts in our Weekly Trades archive here – http://tradingwithcody.com/category/trades-of-the-week/.

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