Haven't been on the board in a while, but just spent about 10 min reading some of the latest posts. This board is always good for a laugh.
The bottom line is this. We all think that the products are cool. The problem with the company is management and demand for the product. right now there is no demand for the product and I don't see any demand for it in the foreseeable future. everything about the moto-meters is going to be based on government mandates. until it is a requirement for motorcycle taxis to use the meter, they have no reason to want to use it.
if the products had any demand for them, funding would not be an issue. there are a ton of investors around the world that would be willing to invest in a product like this if they thought there was demand and thought that it was something they could make money with. that doesn't exist, so they are having to fall back on companies like Aegis that just completely rape them on funding and ultimately control a major qty of stock. yes they have a reason to try and pump up the share price of the stock in order for their shares they received for the funding to make a profit for them, but even a little jump in share value can make them a lot of money in a short period of time.
This is a tock that is a long shot. It could pay off tremendously if the mandates ever happen, or it could take too long and the company could go backrupt. This is the type of company you throw a little extra cash into that you can live with losing for the opportunity to make a killing if things ever fell into place.
the pumpers on the board are definitely a good laugh. no news that comes out is going to mean anything unless it is news of a giant order for moto-meters or wheelies. Giving a meter to a college class or "breaking amazons delivery record" don't mean anything at this point.
so I think all of us would benefit from not hearing the " this stock is going to be at $2 by year end" or tomorrow is going to be the day. Just buy the stock or don't buy it and then sit back and enjoy the ride...up or down...
AI
