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Re: autovaton post# 3195

Thursday, 09/27/2018 10:52:04 AM

Thursday, September 27, 2018 10:52:04 AM

Post# of 4448
@autovaton
Thanks. TRULY: I mean that. When I post countervailing views here I'm not fighting with you and I appreciate your clarity and honesty.

I DO think you're being sold a bill of goods, and with all sincerity I'm not stating that with any animosity toward you.

As best I can tell Infly was being run out of Sofia (Bulgaria). I have been able to find a couple of skilled people (a technician and a CAD/CAM designer) by name from Sofia, but no more. The business trademarked the "Passenger Drone" logo in Canada and registered as a business but that's all I know for now. "Confida" is presently a big zero, but Confida is also a name for a Eastern European commercial real estate holdings company that also has some involvement in airport properties, so perhaps they had an investment interest of some kind. Ultimately the "Passenger Drone" identity was connected to Switzerland in the press, although as best as I can dertermine there was never an actual physical entity there.

My point is that a few smart people made a nice machine that works well, but
(1) It isn't anything truly unique or especially advanced in the wingless arena, where dozens of ventures are operating
(2) it suffers from the challenges of wingless eVTOL, namely high power and energy demand for mission
(3) the path to certfication is very long and uncertain
(4) the reality of 16 motors, props and power electronics assemblies, a certificable control architecture and a currently unavailable battery technology is no different from an E-Hang to an "Elroy". There is no cost advantage to the Astro solution.

Thanks again. Be careful. Even if Bent is a nice guy share price is inexplicably high already IMO.

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