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Reunión extraordinaria Hubert 14 Agosto 2025

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Hello.

Can you hear me? Yes. Good.

Good.

Max, you can also hear me. You are

Yes, I'm here.

Great. Great.

All right.

So, um, update. What's going on

with my world? So yesterday was a

very intensive day. There was a big

meeting with the

um administrator of Marvel International

and their team and some a lot of lawyers

and so on and so on. Um

Um and

and

they she it's a it's a lady it's a

product doctor she told us um that she

will not accept the monthly subscriptions.

Um based on the fact she say she cannot

do this because if uh

platform is not uh or the company is not

there anymore people cannot use the

shopping points. what they purchase in a

monthly subscriptions. So based on

compliance on and her decisions,

it's impossible. So

this uh change everything because the

entire um plan for for going through

this administration were the biggest

portion was based on monthly

subscriptions of course

and this do not work like we want. So we

she will reject them and send them back

to everyone.

So in this case

um the

this the rescue plan is failed. Yeah,

Yeah,

that's the bad news. Um

that means no career points from monthly

orders in the decentralized system, no

commissions from June and July.

Everything is in a package and this is our

our

situation in the moment.

Then she told us if we find corporation

partners she will let the platform open

for shopping and and for customers and merchants

merchants

until end of September. And today I got

the information

we have to find a cooperation partner

and make the deal until the end of

September. And then it's possible that

she keep it open a couple another couple

of months one two three uh for the

for the connection to transfer it.

Um, as you know, with our potential

fintech partners and other ones, there

is a great opportunity to jump into the

new application

with uh the other 150,000 merchants and

the existing technology, open banking,

scan and go and everything.

In this case, it's sooner as expected,

but this is the best chance. And um

we have to do everything that that work.

Yeah. And there is there's a good chance

because as long the customers can

purchase and the merchants are invoiced

the the business is warm.

If this stops the business is getting

cold and the data are useless nearly

useless. Yeah. So we have to act very

fast. This is why I had a very bad day

and a very hard night.

Um, but it looks not bad that we find a solution

solution

and in the next days and and weeks we

we will come to a point where it's where

we know exactly what is realistic. So

you cannot rebuild the system in 6 weeks

even with uh enigmatic smile technology.

But we can make prepare the deal and

make the first steps but within a window of

45 to 90 days it is possible. The tricky

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

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

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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Reunión extraordinaria Hubert 14 Agosto 2025