Shareholder Update

The shareholder town hall was moved from this week to next week because we should have the ESOP transaction wrapped up by Friday!

We’ve refocused our success metrics to focus on client retention. Starting in July we have faced eight opt-outs so far. Doughp Cookies was the first client that we lost, Bloomscape ran into financial hardship that was completely separate from their marketing performance. So depending on how you count we’re either 6/8 or 6/7.

In the next week we have four more opt-outs coming up, everyone’s head down on making sure those relationships are successful, tune in for more next week.

Share Price: The bonus represents a big expense (though one we’re happy to have), so our price has moved from a high of $91 to $70 because of that expense.