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Is Blaine Holt still a part of the Deuce team? His time in logistics with the US European Command may have something to do with a look at Europe. Interesting to see how the flight restrictions are in Europe vs US
I agree that the FAA regs could be challenging and still developing with respect to drones. I think I saw that Deuce was hiring for someone to complete the FAA filings. Posting on LinkedIn. I was thinking they had that skill set on their team already but maybe too involved for one person to take along with other duties. I did not see where Deuce had budgeted any of their capital raise to cover regulatory filings and legal fees but maybe it is just under the general / admin section. Seems like that could be a pretty costly portion of their business.
I thought Zing kits are line of sight only? Need to have good eyes to see for a mile, or maybe you would just stand on the roof of BWWs. Just a guess here but probably why Deuce is going for their FAA part 135. Oh by the way, Uber is not profitable. Not even sure they should have started their business, currently worth 50B. Deuce should give up since they will never be profitable either. Darn!
Agreed. Uber eats will still use a courier for the last mile delivery while Deuce is using a drone for the last mile delivery. Deuce is also integrating software with their customer base vs picking things up once the order is ready to ship. I think they are doing exactly what a smaller player in the market would do and should do which is get into the specifics of what a customer needs and integrate early in the ordering process to be seamless.
Wow, 17m, nice!, I am now around 6.5m and still adding, working towards 9m. Compared to some of the other pink sheet stocks this one definitely has a solid team and they know what they are doing. I think it was on the last investor call when Coreen responded to a question about how they choose who to work with. I liked her answer and shows they have some solid experience. GLTA
Interesting read on LinkedIn from Valuesetters highlighting some of their key clients.
https://www.linkedin.com/posts/valuesetters-inc_5-industries-transformed-by-the-pandemic-activity-6682300141807972352-Pu2c
Thanks!
I am curious to know if the two recent hires were awarded shares as well in lieu of salary?
I was hoping that we had the 4’s behind us...
No volume today eh?
Yes, agreed, it would be great to see this at or near $.01 again. They are continuing to build the team but we need some positive results to move the needle.
And I was just going to point out that we are seeing a bit higher volume than we have recently with just over 1M shares traded. Now we know where they went!
Did VSTR also take a stake in ORPC? A lot of posts on twitter about their activity and it looks like now they have a project in Ireland.
Dudes, where did you see about the cash paying customer you noted? I did not see anything posted about that but I may have missed it.
Pumpers back eh?
Saw this response from the Deuce Drone team responding to a question on the Netcapital offering page. Seems like they could continue software development while working through the approval process. Long road ahead but at least they started the journey.
RRRhett Ross works at Deuce Drone
Julia, Thanks for the great question. We held our introductory call with the FAA regarding our Part 135 filing two weeks ago. That was the start of the filing process for us. Until we receive our P135 cert, we will be limited to a max takeoff weight for drone and payload of 55 lbs. While there is always a risk of flight interference, we believe our software development will minimize that risk. Theft once the package is delivered is similar to the risk today with other delivery options. Using App notifications of delivery time and arrival should help mitigate this as the customer will be notified real time of order status.
Any word yet about an investor call later this month?
Yes, I felt the same way re the first video. I like that they are looking at the entire value stream for drone delivery vs just get package from one location to another. Talking about how best and where to integrate with BWW vs just providing a Drone on the roof. Could be where they add value beyond a large player that would not want to customize their offering. Should be fun to watch.
Here is a link to the second video that KJ put together.
Agreed! I believe their fiscal year ended on 30 Apr so when do we expect the next earnings call?
I think Deuce Drone has a good chance of finding an opportunity in the Drone space. I agree with some of r Clarke’s comments but at the same time the Deuce team is pretty well rounded to overcome technical hurdles, regulatory hurdles, etc. For instance, if this company only consisted of the MIT guys, they may know Drones but lack/underestimate the regulatory and logistics challenges. Putting the diverse team together should help give them the best chance of success. A small player and “late” to the game, considering UPS obtained their Part 135 in Jan 2019, but currently working on operating in a region where UPS drone service does not. Time will tell but I am thinking KingsCrowd will be the big winner in 2020.
Interesting read regarding Deuce Drone. They are currently working on FAA Part 135 approval.
In this week’s episode, Grant Guillot is joined by Rhett Ross and Philip Burton with Deuce Drone, a UAS delivery service provider based out of Mobile and initially operating in cities within Alabama. Guillot’s firm, Adams and Reese, has been engaged by Deuce Drone to assist with regulatory and government relations matters.
“The ability to engage with the public and with federal, but, even more so, state and local leaders at the introductory stage of the development of a drone company is so critical to helping the operation become scalable,” Guillot states, noting that assisting Deuce Drone with its UAS operations falls within Adams and Reese’s “comfort zone in working with state and local officials to help embrace technology and advocate on behalf of our clients.”
Guillot is also joined on the episode by his law partner, Britton Bonner, who leads Adams and Reese’s Economic Development Practice Team and represents commercial enterprises in various sectors, including manufacturing, shipbuilding, logistics and distribution, aviation and aerospace.
“[The drone industry] combines new technology with federal regulation that is going to necessitate local support and state support,” Bonner says. “Most of the projections…have estimated that the drone industry as a whole would have an economic impact that would support over 100,000 jobs potentially by 2025. Where those jobs go is going to be determined by the regulatory environment and the local acceptance of the industry. I think you’ll see states that are opening up sooner to the drone industry and embracing it. They will siphon jobs and opportunities away from state and localities that aren’t in support.”
Deuce Drone is designing a system whereby consumers can place orders from a retailer via an app, which will then interface with the retailer to transmit the order and confirm the time the order should be prepared and packaged for delivery. Once the package is ready, the retailer will then load the package onto an automated conveyor system that will transport the package to the roof of the building to be retrieved by a drone. The drone will then fly to the consumer’s location in accordance with all applicable regulations and deposit the package at the consumer’s location before returning to the retailer to retrieve the next order.
“We want to facilitate B to B and B to C delivery of packages from existing retailers and restaurants in local communities,” says Ross. “We will use off-the-shelf drone systems that our artificial intelligence and software design teams will design the background flight systems for to guide the drones from point A to point B safely, quietly, and with high quality for the packages.”
“The narrative [brick and mortar retail industry is] constantly battling is how are we going to stay relevant in a world where Amazon has massive market share,” Burton says. “So this technology, retrofitting it with…existing retailers seems like a logical play, and we’re really excited about it.” Noting the time savings drone deliveries are uniquely capable of achieving, Burton estimates that “in theory a package could go round trip within 12-minutes.”
The parties also discuss the importance of safeguarding against privacy and nuisance concerns and the significance of gaining the public’s trust of drone operations. Public perception and the regulatory environment “cannot exist without [each other] in the U.S.,” Guillot explains. “The FAA is going to be much more likely to facilitate a favorable regulatory environment if it has public support, and the public is going to be a lot more likely to accept drones if it knows the FAA is focusing on safety and requiring [drone service providers] to make that safety case.”
Bonner adds, “You’ve got to have your local buy-in from your elected officials because they are going to be the biggest advocates for this and because it is a huge economic impact for the region,” Bonner says. “This is about quality of life, and this is about raising the quality of life of the citizens in the area in which the services are going to be provided so I think the local buy-in and the local support is a key ingredient.”
Deuce Drone is partnering with a large regional grocery chain as well as with a national fast casual restaurant chain that includes in-restaurant dining and delivery options. “The traction is there. The people see it,” Ross says, noting the Deuce Drone is focused on designing their products and services to be safe and quiet, provide privacy, and facilitate community involvement. “If we do that, we are going to be rolling this out across the nation I think very successfully over the next few years.”
I agree. I sent an email to their investor relations today and received a response back from Callie within a couple of hours. She can't say much due to SEC Regs etc. but increasing investor awareness and broadening the shareholder base were high on the list for the new hires. I am excited to see what unfolds this year for VSTR.
and their fiscal year just ended Apr 30th so the timing of the hires may be designed to align with expected income this year
Seems like a couple of positive senior hires and good additions to the team. So where do we go next? Are there projects in the pipeline and this expanded team will now help bring to fruition OR do they still need to drum up new business. Seems like they are building a good team and good foundation for the future. It appears the team is not content to sit On their stake in Kingscrowd, etc. but rather continue to identify and secure new opportunities.
just picked up another 240K shares at $0.0042, keep adding when I can
I am excited to think that having a Director of Investor Relations will help VSTR achieve a fair valuation based on their ongoing operations as well as their stake in various companies (i.e. KingsCrowd).
Absolutely! Hoping that the new hires have connections and a network that will become VSTR shareholders. I would like to think things are just heating up here and that we have many more green days ahead.
Same here and picked up an extra 250k shares today. Now at 6.4M.
So what do folks feel the action in VSTR will be today? Higher volume than yesterday and continued price appreciation or has the news (given the "news" is related to personnel and not new projects or customers) already been baked into the current price?
Boom, and the news drops. And I think we can all say that they have needed a director of investor relations.
heading back up a bit at end of day
40X average trading volume today. made it a fun day to be a VSTR stock holder.
and added value as they were already cooked and ready to eat :)
15.1M VSTR shares traded by lunch time! AAPL at 17M, crazy!
I'm ready, holding shares for over a year, let's go!
I am in alignment with you. looks like we need to find someone to purchase your 4M shares and my 5M shares. I was excited about the run up to 0.016 last year but it has been a downward trend since. I think for this stock to payoff we just need to let it ride until one of their investments is purchased since it does not look like they are adding any high caliber clients at this time. where are the cash paying customers discussed on the March call...
Looks like Deuce Drone sold out it's offering at $107K raised. Now it is time for them to show what they can do and achieve test flights in Q4.
Have there been any trades over the last couple of days? It looks like very little activity. Still holding around 5M shares and I will see where VSTR goes this year. Hoping, as are others, that at least one of their investments pays off (Kingscrowd) but a sub $3M market cap for VSTR seems low based on their performance.
If you look at the fund raising page for Deuce Drone, Burton answers quite a few questions from potential investors and it is pretty informative. You could pose your questions to the Deuce Drone team directly, unless you are scared of the real story...