part is my world international covers 15 countries.
countries.
All the other countries uh there there
has to be done a deal separately.
that comes on top that we have also this
countries um in in the new program.
I don't know why it is like this now, but
but
maybe it's good to have the time off and
come back to the new solution and not go
with the old things
because what we really need is a a
customer program what really works.
Yeah. a simple simple application, a
simple website, more merchants and the technology
technology
and all these informations and all these
uh communications. What I did in the
last uh um 24 hours shows me that is
possible to come back very fast with a solution
solution
even before we have to stop here the
platform because as you know if if the
platform is down for a couple of weeks
uh then we start from zero and this
costs a lot of energy. So
So
the fastest thing is use uh the
technology from our existing new
partners. They are professionals in that
and on top of that we will have the
double amount of merchants and open
banking and and and card linking in
addition and this worldwide. So this is
now the major goal.
Uh I was yesterday really really shocked
that she said no
she don't care about this money she sent
it back it will be not accepted accepted
and this um destroyed all the plans of
course um but
this is not the end for us because we do
never give up as long there is a chance
and the chance is there because you have
been in these calls in the beginning of August.
August.
These partners can now start to act
because they can make an official deal.
We will support them that they uh buy
out the platform and they are able to
integrate that very fast. They are uh
Bish told me also 10 days ago they are
working on a monthly subscription for
other customers. So this is also not far
away and then we can come back with
exactly that what we have monthly subscriptions
subscriptions
customer program merchant uh program
even better for merchants. I see huge
potential to give the ver the merchants
their own small white label
and uh a monthly subscription what what
also stabilize the revenues for for the
company and for the network.
So this is in the moment the actual
situation. I I know this makes nobody happy,
happy, but
but
in these days I have not that much good
news. I'm
I'm quite sure we can do this and we
will do this because you know me so
since so many years. I'm I'm not the guy
who who gives up this this is my baby.
This is your baby. And it is worse to
fight because
if this works and I think
why should this not work? They're doing
uh cashback programs for hundreds of
companies. Why not for us? So this
should be not that big deal. It's just a
question of time and organization.
Then we have more than we ever expected
because we are in old-fashioned
technology. We are binded with old systems
systems
and there is no way out. Everything
takes so long. All the organization is
old fashioned.
If this uh goes in the completely modern
fast dynamic way with the best people
with the best technology,
that's the only way and then everybody
has fun again. And the most important
part is if the customer loves it and we
saw it that we as we increased the cash
back the first 10 days the revenues was
completely completely different a bit
too late. Yeah. But customers like cash
back and as more they get as better and
if the customer is happy then we have
the biggest business on the planet.
But for that you need the right
technology, the right people and a lot
of merchants and uh all the
possibilities with vouchers and
everything. What is a part of the daily consumption
consumption
reusable cash back is mega. I think this
this is the approach to bring the money
back to the merchants and create new revenue.
revenue.
It's the right track.
It came a bit too fast around the corner
this uh situation.
But maybe by the end it's even better
than ever before because with our
technology a rescue plan for my world
means we have to keep all the subsidiaries.
subsidiaries.
Yeah. And we staying in the old
standards. This new situation
brings a completely brings completely
new opportunities.
There will be no subsidiaries anymore.
There will be some points on the planet
what is absolutely needed
and the best technology and a couple of
handful people not more. And then uh as
a as a shareholder and of course this is
super important. Whatever we do as a
next step however this company with this
corporation partner will look like you
will be a part of it as a shareholder.
This is super important. The same like
you have right now. Yeah. So in the
moment nothing is lost.
This will be a tough month for everyone
because there is just
the decentralized network in the moment.
Uh nothing more. So no no points from
months subscriptions also. Also, I'm
sorry for the for the for the
commissions, but here is everything in
absolutely chaos
and my major focus is to make the deal
with the right people and of course I
thinking about the the technology
fintech group and some other people who
brings also some money in that we can
start really doing that what we always
want to do the best and most powerful
cashback program on the planet.
Yeah, Max, maybe help me say something.
I'm these days makes me crazy.
Me? Yeah, actually I'm always the guy
who always sees something some light at
the end of the tunnel, I would say. So
maybe I'm not the the best guy to talk
at that moment, but in my opinion for
our customers at the moment, nothing
changes. they still can't go shopping.
So we get the new technology we always
asked for. We don't lose our shares. So
it's a pity that we don't have our
monthly. So everybody will have a two
intense weeks to come back with the
career. But actually I think we get
super nice infrastructure
for sure at the beginning a bit
complicated with with all these
decentralized things. But yeah we have
had a lots of changes in the last 20
years I would say. Yeah, we changed a
lot of logos, a lot of names. Yeah. And
still we are here. Still everybody's
earning money. And still we have a good
network that always we just all started
because of that vision to earn on
world's purchases and now it comes on a
tricky way that we are finally getting
to the point where everything comes
true. But yeah, if that's the last step
we have to take, why why should we stop
on the last mile, you know? So, I think
Bish is a good cooperation partner.
Here's everything we need. For sure. Uh there
there
huge potential because with us in the
background, we builded up my world. We
brought every single merchant. We
brought every single customer and now we
are having the technology we always
asked for. So actually maybe I'm seeing
it too bright can be but yeah I don't
see it really bad it's bad for careers
but actually we are coming back
everybody starts earning money again
with new technology with new infrastructure
infrastructure
and yeah so if we are making the last
mile we are at the point where what we
always told our people one day yeah
we're the biggest shopping community in
the planet one day we earned on every
purchase so in that one day
is just yeah the last step. So in my
opinion it sounds everything a bit too
bad as it actually actually is because
for us what changes you know
yeah it's it's not easy to to transfer
and deliver the message because
nobody expected that even me it was
uh this is so tough time but we have to
keep focus on that what we have what we
build it yeah problems are everywhere
around the world companies going into
events and bankruptcy every day. Maybe I
didn't saw it before, but now I see it
in the some news push-ups coming around
the corner non-stop.
But we have value. We have built
something what is so powerful and it's
just missing now the an element. It's
called a key platform and and the
company infrastructure. But is this
if you have that not a rocket science
and and science and they have it. So
but I think we learned the great lesson
and the greatest lesson of all is that
we don't have to do it ourselves. That's
something we the network always did.
Yeah. We know that alone you are lost.
So and that finally comes back to
corporate and we doing the right uh
connections, right?
therefore um leveling leveling up really
fast and I think that's actually a good thing.
thing.
Give it the the thing to the right
people making a good cooperation.
They're doing it every day. Uh also with
the brand it's not sure that in the
package will be not the brand. So it
could be that everything stays in my
world but with a completely new company
structure because one is clear uh nobody
of this uh partners will take over the
subsidiaries. So because this is heavy.
Yeah. And they say okay for what?
Because you can uh invoice merchants
from one point in whole entire Europe.
You can do easier in America.
So it has to be very very very small and
and effective and this by the end is the
benefit of the shareholders. This this
makes a company really sexy. So even the
situation is it's not not as expected
and not nice because we fighted together
that everybody stays in the monthly
subscription. We did a put a lot of
energy in and then yesterday she said no
that's it changed everything but it
brings us also to the point to a new way
it could then the way could be my world
again or even it's a new name okay it's
also not the first time in our history
but uh if it's possible we will keep the
the brand because
uh in the moment we think it's damaged,
but the reality is nobody cares on the
planet. It's this some small messages,
who cares? If we having the most
powerful application then where the
customer just connects one dime the
credit card and is happy and get the money,
money,
nobody will care about the past. Every
big company has in the past some a bit
of brand damage. So, this is not not the
big deal. But in the next days we we
will know more how this will look like.
So I would say we're doing continuous communication
communication
um week by week or at least every two
weeks now because the negotiations
discussions platform setup who will what
what parts they take
that's the next big steps. And today the
today was a bit better was the same
group. uh and I got the message if we
find a corporation partner until end of
September then she will let also the
platform worldwide open maybe also two 3
months more
because to find somebody within 6 weeks
this is one thing but to integrate it in
a completely new technology with
counting payment or everything
six weeks is
Yeah, bit too too hyper realistic.
So, but
these people are very simple. They say
as long it brings money to the company,
they don't care.
So in six weeks there has to be a deal
on the table and of course in the
background we prepare everything because
we don't want to wait two three months
if it's not needed
that we are back with regular shopping.
So the goal is to have a smooth transfer
customer has a marbled application or
whatever. Yeah. Um log in because this
we can also or she can also deliver.
just has to confirm it's okay and the
customer the merchant too and the
marketer too and everything can be like
it was but even 100 times better and
faster and with the double amount of
good Max do I forget something is
the moment everything good everything
good I think
is so positive make me crazy I'm
Yeah. So,
it's this is is is really a tough time.
So, but it's a learning. Um in America,
we have a lot of Americans here in the
call. This is a standard that you failed
at one time that you have an insur or
something. This in Austria here you are
like my god you're insuring.
The people are here are different in Europe.
Europe.
Yeah. But actually the least people that
are affected by it actually we we as a
marketers we at least affected our
customers can go shopping so we have no
issues with them. Our merchants nothing
changes for them. Our marketers already
got another solution by providing the
new infrastructure we need anyway. So we
still can earn money. We can build up
our market on network. So the only thing
we can't do is register new customers
and merchants. But anyway, that's that's
the only issue. But as soon in let's say
two, three, four months, whatever, as
soon as the the app is back, that can continue
continue
as before. So anyway, for us, it's for
you probably one of your hardest times
ever, I assume. But for us, it's already
has been prepared in a way that we at
least affected. For sure we are affected
with the monthly orders before our
career but we have still a possibility.
We still have a team. We still have
everything we had before. Yeah. Shopping
merchants customers. So actually we
still have it in our hands if we want to
earn money with the new way with the new
technology with that what comes or if we
say okay that's too modern I don't like
it. It's a choice. But anyway, we are
now getting everything we asked for in
the last few years. We're getting it on
a tricky way. Yeah, that's that that's
true. It could have been smoother, but
yeah, at the end for us, as long as an opportunity,
opportunity,
we should and we have to fight because
all of us are responsible for people we
brought in. And uh it is worse to fight because
because
um it's it's too great. There is there's
nothing better on the planet as as our
business. It's just needs a re restructuring
restructuring
to make the procedures easy, simple and
clear and super technology and the right
people in charge and that's it. But the
business and this is the reason why this
business is now more than 22 years and
there are not a lot of networks
who survived that. Um the reason is
because the idea and the and the basic
the need is there. people uh needing
need exactly that what we have even in
these times again cash back is needed
merchants need revenue and a lot of
people millions of people want to earn
something in addition and uh I think
some some face lift modern way modern
time and I'm sure we will handle it
before Christmas that our business is
back better than ever before.
That's the goal. And I just can um ask
that you help that you are fighting also.
also. Um
Um because
because
everyone out in your everyone in your
team deserve it like you deserve it. Of
course. Let's stay together. Let's fight
together because it the end we cannot
accept. There is no end. as long there
is a solution and there's a great solution
solution
and why should they not do it so there's
no reason I
it's just time but now I'm more
comfortable because yesterday was until
end of September everything has to be done
done
it was a different situation
today in the morning I said if there is
a deal until end of September then she
said okay Then
could be yeah because if there's money
coming why not then this platform stays
two 3 months more open and then anyway
in in this period of time you can cover
all the technical issues that's not a
big deal in these days with these people.
people.
Yeah, not so good news. But
let's let's fight together.
Korea will be bit hard this month. I
but it's not always easy for all of us.
Let's go the next step together. Let's
keep in touch. Um Max, what you suggest
in two weeks?
Yeah, perfect. as you know something new
you have update.
I know every day now a bit more but in
two weeks I know a lot.
Perfect. So we we will organize a call
for in two weeks. So everybody gets
informed a bit earlier not just 24 hours.
hours. Yeah.
Yeah.
So yeah but nearly 300 people for 24
hours gap is is quite okay I would say. So
So
great. Great. Yeah.
Yeah.
All right. Thank you so much everyone
for taking the time for understanding.
Was a pleasure. See you next time.
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