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Wednesday, May 04, 2016 9:32:56 AM
Regarding funding - the OTC is not a place for funding, it is for developing potential clients for their service. At 14 pounds per payload, that is ALOT of needed flights to justify paying for that "million dollar" drone.
Regarding VMRI - aside from their recently acquired flight license, what exactly do they bring to the table to their new joint venture partner? They have no technology, one employee, and no meaningful cash. As most joint ventures go, VMRI may enjoy what ever portion of the revenues that the partnership may bring in, but they also share in the costs associated with the venture. Hard for me to visualize any meaningful upside here.
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