Sale of the ETD asset for magic beans. This seems the sum of the deal.
Not an expert on this ETD business. The structure of this whole deal looking like an internal sale of the valuable main asset, the ETD tech and IP to get it out from under the debt. A tech with a clear and present future. Converting that real asset into a flying distant promise for the future, the magic beans. With the hope that it will grow into a giant beanstalk and carry the original investors up to the clouds and the waiting golden goose. "build solutions to excite the marketplace" as the main guy said in a recent conference call.
Creating the world's loudest flying infantry soldier platforms, and building this all on the dubious skill base of a French high school dropout with comic book hero Ironman and Green Goblin fantasys and his paper jockey "friends" from NYC.
In a fifteen year post 911 world where electronics, drones, remote operators, machine guidance are redefining everything, especially the face of war. This is a backwards comic book vision.
The original premise was nonsensical "we are selling our explosives business to buy a hoverboard company". The blatant distraction here is evident.
Jack was a fictional character, Franky is 38% real. ETD tech is here and now, IMHO, you all would be gullible to let it go for this fairy tale.
