no real marketing budget

@elipowell plese don't say this. Because it's not true.
Your marketing budget is your daily reward pool.
The only question is how you (Steemit + Top Whales + Bid Bots...) are going to redistribute it.

For 3 years you have no clue. You are giving mindblowing rewards for mediocre nothning that can't be found on Goolge = no back links to Steemit = no users = low price of Steem

I will repeat it again: make contracts with those who are the best in their niches. Pay them a decent salary in Steem rewards for their kindness to mention you.

Our main goals were: 1) Cost reduction

Don't... What cost reduction? You were 1.000 milion $ worth (steem) and now it's 100 million $ worth.

You need something brave, original and intuitive. Not cost reduction?
How can you develop something if you are reducing the costs?
It makes no sense. It means that the company is going down to oblivion.

We are working on the advertising program

How can you be successfull in advertisemtn, with 10k users, with different needs, different interests, scattered all over the globe?

And yet, you keep supporting "communities" that have no focus at all?
You need some niche...

SMT’s are happening

Great... So, Steemit can't be profitable with Steem but X will be with SMT?

What are the things you see as Steem selling point presently?

Keep in mind that the price is going down, contineously, for 1.5 year
Why investing in it?

This time last year we were at $1.28 compared to $.41. I think the fact we are holding steady is a good sign

66% of value - lost? is ok?