The water flyboard is the definition of a niche market. From an investment standpoint, the revenue from that product is going to be laughable. That is the reason Zapata is pursuing the Air flyboard.
But, lets be honest. The Air Flyboard is going to be riddled with commercialization issues. It takes a backpack of Kerosene to get it off the ground. That, by itself, is a safety concern. Then you have the concern about it running out of gas while you're a few hundred feet up in the air. Or, the device could break down while you're in the air. Have you seen the breakdown lane on the highway? Not a day goes by without seeing a car or two in the breakdown lane. And, cars have been around for a long, long time. There is no breakdown lane in the sky. Now we get into the concern of FAA rules and regulations. I don't imagine they'll let folks fly around on these all over the place. And, lets say they somehow could. What type of training and license would you need? What government agency is going to regulate that?
It's a very exciting technology. But, lets be honest, there are many, many roadbloacks to any level of commercialization.
I get that some people think others will buy the stock for the excitement factor. They think this is our chance to exit IMSC and pass along the problem to another set of investors. Maybe, but I think that's bad bet. If you vote for the Zapata deal and you don't get to exit, you're stuck in the same mess.
I'd prefer we stick with the ETD and secure alternative financing. Lets get out from under the lenders who have been like an anchor around the next of IMSC. If we must sell the ETD, the net proceeds to shareholders must be $1.50 or more. That's "net", after debt is repaid, etc. If we can't get that, then vote NO for the Zapata deal.
Any people thinking that the Zapata thing is our ticket to getting paid is grossly mistaken. Zapata may be debt free now, but they'll need lots of money and lots of time to commercialize anything. Guess who will loan them that money at grossly inflated interest rates and with heavy dilution. The same corrupt lenders of IMSC (PP and DMRJ). It's just a new company, same bad game.
