21:12:55 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Riwi Corp
Symbol RIW
Shares Issued 15,543,826
Close 2016-12-05 C$ 2.70
Market Cap C$ 41,968,330
Recent Sedar Documents

Riwi says it predicted defeat of Italian referendum

2016-12-05 10:20 ET - News Release

Mr. Neil Seeman reports

RIWI EXTENDS PREDICTION STREAK; RIWI CALLS PRECISE MARGIN OF DEFEAT IN ITALIAN REFERENDUM

Riwi Corp. correctly predicted the yes campaign would lose by a margin of 18 per cent (plus/minus 1 per cent) and voters would block the proposed constitutional reforms that were put to the Italian people in a referendum held on Dec. 4.

This Riwi forecast marked its third consecutive accurate prediction in the past 30 days and demonstrates the unrivalled predictive abilities of Riwi's technology in any geographic area in the world. Riwi's prediction of the outcome of the Italian referendum follows Riwi's audited prediction that not only would president-elect Donald Trump win the electoral college vote, but also that he would do so without winning the popular vote. Riwi predicted to statistical perfection that Hillary Clinton would carry the popular vote by a margin of 1.9 per cent.

For the Italian referendum, a Nov. 28 Riwi Ratiocination publicly predicted a vastly wider margin than all public pollsters, who had suggested a narrow loss of roughly 4 per cent for the yes side. Riwi's Ratiocination pronounced that the continuing Riwi signal of over 3,500 random Italian forecasters would lead to a rout for Italian Prime Minister Matteo Renzi, with 58 per cent of Italy standing against his proposed reforms, and 42 per cent standing in favour (plus/minus 2 per cent). Riwi technology then continued to ask new, random Italians each day to forecast which side would win. By the close of the vote on Dec. 4, Riwi forecasters in Italy had grown to 8,257 people; they predicted a 41 per cent yes vote and a 59 per cent no vote (plus/minus 1 per cent).

"Riwi separates the true voice and choice of the people from the white noise generated by pundits, pollsters, politicians and the press. Once again, as in the U.S. election and the Brexit vote, pollsters' 1980s-era research methods ignored the thunderclap of today's frustrated and forgotten voters," said Riwi chief executive officer Neil Seeman.

Dr. Francesco Galietti, PhD, CEO of Policy Sonar, a leading geopolitical risk firm based in Rome, examined Riwi's data in advance of the referendum. "I reviewed Riwi's data prior to the vote and what became readily apparent is that Riwi had unearthed the long-overlooked true sentiment and reality of the people of Italy; the economy is not rebounding -- full stop. And because Mr. Renzi's entire narrative is predicated precisely on that, his referendum backfired. After 30 months in office, one is rated on actual delivery -- not on promises," said Dr. Galietti.

"Riwi wishes to thank all those in Italy who took the time to voice their opinions and deliver their message," said Mr. Seeman. "We recognize that for many, this vote means clarity, but, for others, it means uncertainty.

"Geopolitical uncertainty is the new reality of FX (foreign exchange) trading, and Riwi's Ratiocinations offer our clients a significant and otherwise unobtainable information edge. We thus feel well positioned for 2017 to give our clients in the global finance and geopolitical risk sectors a significant advantage, and to increase our revenues in return," said Mr. Seeman. "Our customers have found that Riwi technology is not only able to reliably and accurately predict the outcomes of referenda and elections, but it is also able to generate actionable intelligence for future-oriented scenarios -- like whether and when the demonetization policies of India, and resultant dramatic declines in cash circulation in that country, will affect gold purchase demand globally; or whether the potential trade policies of the incoming Trump administration will affect the purchasing decisions of China's middle class," said Mr. Seeman.

Riwi privacy compliance

All data captured, acquired, used, published or disseminated by Riwi technology and systems, or data released by Riwi, are fully compliant with all applicable laws.

About Riwi

Riwi is a privacy-compliant global survey technology and risk measurement company using its proprietary, patented methods to capture a new stream of opinion data in any region of the world.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.