Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Jim Westlake was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jul 07
Personas Social Incorporated, Annual General Meeting, Aug 26, 2025 Personas Social Incorporated, Annual General Meeting, Aug 26, 2025. Duyuru • Dec 05
MiiTv Inc. completed the acquisition of Substantially all of the assets of Personas Social Incorporated from Personas Social Incorporated (TSXV:PRSN). MiiTv Inc. signed a letter of intent to acquire Substantially all of the assets of Personas Social Incorporated from Personas Social Incorporated (TSXV:PRSN) for CAD 4.5 million on July 29, 2024. MiiTv Inc. entered into a definitive agreement to acquire Substantially all of the assets of Personas Social Incorporated from Personas Social Incorporated (TSXV:PRSN) for CAD 4.5 million on August 19, 2024. A cash consideration of CAD 1.21 million will be paid by MiiTv Inc. CAD 1.05 million is considered as accounts payable of the peeks assets representing debt deposits owed to customer of peeks assets. MiiTv Inc. will pay a deferred payment of CAD 2.27 million cash. As part of consideration, CAD 4.54 million is paid towards assets of Substantially all of the assets of Personas Social Incorporated.
The transaction is subject to approval by regulatory board and TSX Venture Exchange. Approval of merger agreement by target board, approval of offer by acquirer board, consummation of due diligence investigation and definitive agreement. The board of directors of the Company established an independent special committee of directors to explore and negotiate the Transaction. The Committee is comprised of Messrs. William Lavin and James Westlake, each of whom were independent directors of the Company. On October 1, 2024 the Company held its annual general and special meetings, shareholder approvals were received for all matters tabled including receiving approvals from disinterested shareholders on all matters that required it. The expected completion of the transaction is August 20, 2024 to October 31, 2024. Lynch & Associates Inc. acted as a financial advisor and fairness opinion provider to the Special Committee of the Board of Directors of Personas Social Incorporated.
MiiTv Inc. completed the acquisition of Substantially all of the assets of Personas Social Incorporated from Personas Social Incorporated (TSXV:PRSN) on December 3, 2024. On closing of the Transaction, an adjustment was required to be made to the purchase price for the Peeks Asset to account for the current accounts payable amount, and thus the closing purchase price was revised to provide CAD264,874 in cash to the Company on closing instead of the previously disclosed and anticipated closing cash amount of $53,000. The Transaction has received all requisite approvals including approval from the TSX Venture Exchange. New Risk • Nov 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.40m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$438k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-CA$3.1m). Market cap is less than US$10m (€9.40m market cap, or US$9.88m). Minor Risk Revenue is less than US$5m (CA$4.6m revenue, or US$3.3m). Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2023) Second quarter 2024 results: EPS: CA$0 (in line with 2Q 2023). Revenue: CA$1.03m (down 13% from 2Q 2023). Net loss: CA$68.4k (loss widened 91% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2023) First quarter 2024 results: EPS: CA$0 (in line with 1Q 2023). Revenue: CA$1.11m (down 4.4% from 1Q 2023). Net loss: CA$2.4k (down 102% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2023 earnings released: CA$0.005 loss per share (vs CA$0 in FY 2022) Full year 2023 results: CA$0.005 loss per share (further deteriorated from CA$0 in FY 2022). Revenue: CA$4.81m (up 8.0% from FY 2022). Net loss: CA$164.1k (down 259% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0 in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (in line with 3Q 2022). Revenue: CA$1.28m (up 9.4% from 3Q 2022). Net loss: CA$89.1k (down 190% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 21
Personas Social Incorporated, Annual General Meeting, Jan 31, 2024 Personas Social Incorporated, Annual General Meeting, Jan 31, 2024. Duyuru • Oct 19
Personas Social Incorporated Provides an Update on the Launch of Keek Stories Personas Social Incorporated provided an update on the launch of Keek Stories. The Company announced that it has launched Keek stories on both its IOS and Android apps. Stories are industry standard short duration social media posts. Keek Stories differ in that they allow the user the unique ability to select the duration of the Story. In addition, Keek Stories allow users to monetize Stories by attaching ads to their story via the Keek Offerbox.Keek Stories are the first in a long list of new features that will be added to Keek in the upcoming months. The Company will be adding Keek-Backs later this year. Keek-Backs are video replies to posts. Invented by Keek in the mid 2000s, Keek-Backs have been emulated by apps such as Tik Tok. Keek- Backs will offer users an addictively engaging experience of creating and watching video replies to users posted content. Keek-Backs will be available in late November 2023. Reported Earnings • Sep 06
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0 in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (in line with 2Q 2022). Revenue: CA$1.18m (up 8.1% from 2Q 2022). Net loss: CA$35.8k (down 146% from profit in 2Q 2022). New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (47% average weekly change). Negative equity (-CA$3.9m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Revenue is less than US$5m (CA$4.6m revenue, or US$3.5m). Market cap is less than US$100m (€20.5m market cap, or US$22.4m). Duyuru • Jun 22
Personas Social Incorporated announced that it has received CAD 1.15 million in funding On June 20, 2023, Personas Social Incorporated closed the transaction. The company amended the terms of the transaction and issued 19,166,666 units at an issue price of CAD 0.06 for the gross proceeds of CAD 1,150,000. The transaction is subject to 30-day notice of acceleration expiry at the option of the company at any time if, for any ten consecutive trading days during the unexpired term of such warrants, the closing price of the company's common shares on the TSX Venture Exchange is greater than CAD 0.50. No finder's fee or commissions were provided by the company in connection with the transaction. The transaction included participation from individual investor Mark Itwaru. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 16 placees, existing insider involvement of one insider for 2,500,000. Duyuru • Jun 20
Personas Announces the Submission of Its Keek(Tm) App to the Apple Appstore and Google Play Store Personas Social Incorporated announce that it has submitted its KeekTM app to the Apple Appstore and Google Play Store. The Company is announce that it has taken a major step in rebooting KeekTM by finished the development of both KeekTM apps. The apps have been submitted to both the Apple Appstore and Google Play Store respectively for approval. The rebooted KeekTM app boasts several unique features, not the least of which is its AI based Fire Posts. Fire Posts are AI powered posts that allow KeekTM users assemble an audience by allowing the AI to target their posts to the feeds of people who are likely to follow them. In other words, Fire Posts help users "get famous fast". KeekTM also allows content creators to market directly to their followers using its easy-to-use Offerbox. The Offerbox allows content creators to configure pop-up ads on their posts thatdrive users to websites and/or businesses. Content creators are also provided with a full suite of audio/video editing capabilities including masks, music, and special effects to ensure quality posts. For users who are more concerned with privacy than fame, the new KeekTM offers easy to use groupposts. Group posts allow users to control who sees what by creating groups on the fly. In addition, KeekTM provides users with a full range of viewing conveniences not typically available in other shortform video services, such as seamless landscape mode, and full video controls. The new Keek apps will be launched pending the Apple Appstore and Google Play Store approval. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2022) First quarter 2023 results: EPS: CA$0 (in line with 1Q 2022). Revenue: CA$1.17m (up 14% from 1Q 2022). Net income: CA$108.3k (up CA$106.0k from 1Q 2022). Profit margin: 9.3% (up from 0.2% in 1Q 2022). Reported Earnings • May 03
Full year 2022 earnings released: EPS: CA$0 (vs CA$0.012 loss in FY 2021) Full year 2022 results: EPS: CA$0 (improved from CA$0.012 loss in FY 2021). Revenue: CA$4.46m (up 16% from FY 2021). Net income: CA$103.0k (up CA$4.00m from FY 2021). Profit margin: 2.3% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jim Westlake was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Jim Westlake was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.006 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$995.8k (up 91% from 2Q 2020). Net loss: CA$312.5k (loss narrowed 83% from 2Q 2020).