Wednesday, June 15, 2011

Speakasia - Is the business model valid - Debate continues

My Dear Friend Pulkit has posted another comment


I am off the topic.. I have said what all I wanted to.. All said and done, I still believe, that Mr khannaca is a representative of SAOL seeing his conviction and the rabble-rousing messages.. Read through all the earlier posts and take your call about the company, I would be glad if Speak Asia propogating such big things could come with a proper business model with assumptions, costs, revenue, etc. Being a business analyst, I know, no one with a little bit of business or finance knowledge would not pay 11000 to get subscription of e-zine.. Thats what they charge everyone for according to SAOL.. And mr Khannaca, this is not at all a sensitive information. I haven`t seen a company in public domain hiding the name of its clients except KPOs where confidentiality of client is important which is not at all the case here.. If SAOL has done so much research please enlighten us about the money being paid to big market research companies per respondent. Don`t give me skewed data, provide data for normal FMCG surveys. Do one thing, next time, when you see someone getting a survey form filled from you in any big retail outlet, ask them what kind of money do they get per respondent.

I am disappearing from this forum..

If SAOL had stocks, i would have definitely gone short on it, but it isn`t, so its decline has no financial value for me whatsoever.. So, i quit and whosoever wants my view on this, can just go thru my earlier posts.

Let them get registered, let them be accountable to Indian law, we shall see..

and I have replied as under .. Now waiting for another series of comments..



Dear Pulkit,

You are right . Because when truth starts emerging, people start running off from replying. Its good that you have disappeared but I will surely not and love you to be available on this forum. This is a healthy debate going on here and I am loving it.

No I am not a representative of SAOL at all. I am a common man just like you who has put in 11K but is yet to recover a single penny. I am an optimist pulling out the positives from what ever the company is saying. And no I am not trying to sell SAOL anywhere if you have gone through my posts. Regarding your doubts on 11,000 as the cost of e-zine , yes it is costly. Name of the clients is not some thing which company is hiding. Names of the clients are available in their financial statements posted on ACRA website of singapore govt if company officials are to be believed. Yes I have not seen those financials till now but i am believing what company is saying. The following is a reply published on the company website 

``Panel Business operates on the lines of multiple exchanges where panel providers are pooled in and the clients can take their pick of the panels based on their profile requirement directly or through brokers. The panel profile can be based on demographics and many other parameters. The selected profiled panel is picked up like in any other exchange and the work is allocated to them. Hence the panels cannot know the clients name directly. (e.g. in a stock exchange we buy stocks but at the time of buying we do not know who is selling those stocks)

This is the company’s confidential data, which unfair competitors would dearly love to know; hence the names have not been publically disclosed .However our books of accounts clearly show the details of income from panel business and the agencies who gave us work.`` 

As regards revenue Model the company`s reply as published on the website is reproduced below..

```Speakasia is not earning any revenue from the panelists in India. On the contrary, SAOL provides reward points(RPs) to India based panelists, for filling up correct surveys and for participating in other activities of SAOL. 

Not every Panelist earns RP’s equally. If a panelist chooses to not participate in the SAOL portal or in any RP earning activity, they will NOT earn the RP’s. Therefore if you do not earn, you also do not get paid out. These earned reward points can be either encashed by the panelist or utilized for purchasing selected goods offered by SAOL. The Final audited numbers will be made available at the ACRA website, after the year ended 31 May 2011.``


So it is clear that company is aggregating Panels and exchanging those panels for a cost. And paying amount in name of the surveys is a business strategy to accumulate panelists. If you are not aware of the term panelists, then I would like to elaborate here that Panelists are nothing but consumers who have willingly come together to participate in any ad campaign or opinion poll and are not unwillingly targeted like the Telemarketing companies do by buying data from mobile companies and other publicly avaialble websites. Remember Indian govt has started a Do Not Call registry and these telemarketers are now looking for alternate sources. What better than SPEAK ASIA and its panelists. let the company get registered here and we should see a good business revolution.. 

This is only my understanding of the facts and data as presented before me on various forums and not any official statement by the company. 

But i would love to hear your comments on the above statements .


Your comments are also required on the FACT stated below regarding one of the registered and listed company before YOU disappear from this forum because you are just hell bent on giving statements on the basis of your analytical mind but not seeing the actual facts which SAOL has been trying to say through its website. 

Being an analyst what are your comments on following:

90% Loss in 1 year by Indian Registered Company Share price on 14 June 2010 was 323.70 is now 29.25 as on 13 June 2011 

This company is registered in India

Listed on BSE and NSE. IPO Price was 370-415 in Sep 2007

Having offices and outlets in India

Their Business model is clear to you

They have everything what you were asking to Speakasia

This is Koutons Retail India Limited which is registered in India. The persons who have bought shares of this company based on your so called analysis of business model and assumptions were REAL investors and they have lost 90% of their wealth in one year. And no I am not giving any skewed numbers here. You can visit bse website for this scrip at http://t.in.com/cexd and see it for real. And there are so many companies like these where investors have lost money but the analysts have gained as they were only traders and not investors. 

See I am not pinponting any one here. I am just saying that everyone has a point of view and every thing has it`s positives as well as negatives. Why do some people only focus on Negatives, I am unable to understand till now. Even my father is in one of those categories who first say no to everything and then keep on justifying what they have said. And once they realise that the other person is right, they stop answering. SAOL might have negatives but this does not mean that those negatives are outweighing the positives. Give SAOL some more time and you would appreciate that most of the negatives are wiped out. Even If SAOL backs off , then I would be thankful to you and people like you who just can`t digest a good prospective model and keep on shouting PONZI Ponzi instead of letting us know that what is the legal recourse available if the company runs away. Yes, I have risked only a small amount of 11K here and am waiting for the gains this model can bring... 





AND No I will never disappear from this FORUM or from this TOPIC because I can answer all your queries. I vouch here clearly that I am not a SAOL representative but a common man who has joined SAOL as a panelist and have belief in what the maangement is saying. Even if I am not 100% sure on Managements statements but the way things are moving on I feel much confidence and comfort in believing what management is saying rather than listening to your not so good logics.. Hope you return back to the forum and reply...


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