Wednesday, April 18, 2018 4:46:33 PM
There were no “failed” robots lol they had several POCs that were completed. Successfully. Just because they didn’t go and say “hey guys they all bought one” doesn’t mean that didn’t happen. They likely ordered bots.
We also will see just how many bots have been deployed when the annual comes out.
Lastly, the debt. Yes, they took on quite a bit of it. HOWEVER. It is not toxic. A company like this (tech startup) almost always needs to take on significant debt in order to begin production and keep up. The debt is structured in such a way that the revenue we have each month will pay for the debt so that it does NOT convert into shares. The company has already displayed responsibility with debt as they have paid off debt early so that it does not convert. SR also hasn’t taken money out of the company. He keeps putting money INTO the company. Again, very responsible.
Loans (aka debt) is not a problem when the company uses it how it’s intended. Much like the lay person and credit cards. The idea isn’t to default. It’s to pay it off each month.
They’re setting themselves up in an amazing way to be the leader of the industry.
They’ve been winning awards and getting recognition from industry publications and organizations alike.
Amazing things are happening. We unfortunately don’t know it all (yet). But we will have a better idea each and every quarter.
Recent AITX News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:05:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 10:07:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 10:06:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 10:03:51 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 10:03:30 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 10:03:32 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 10:08:57 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 10:10:43 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 10:10:47 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:03:44 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 10:03:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 10:03:34 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 10:04:05 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 10:16:27 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 10:10:15 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 10:04:54 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:05:21 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:22:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 10:03:31 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/15/2024 08:00:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 10:07:42 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/11/2024 10:04:29 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 10:11:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 10:05:48 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 10:02:33 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM