Wednesday, October 17, 2018 11:54:55 AM
Looks like another pump and dump group of traders get to see just how sad this stock is. Besides, where did that money come from? We know they have huge liabilities, 0 cash flow, 0 revenue, and minor assets. The makings of bankruptcy.
How much did they pay for this concept, $1? And who would buy it? Aviation control is a highly mandated process and anything that “Assumes” passengers are safe will never pass. Each process is double checked by a crew and that’s mandated by the FFA. No respectable commercial airline would ever integrate harmalarm. There is too much at stake.
That being said, this is the most vague acquisition ever. Is it a subscription service? Are they going to go door to door knocking to see if anyone wants to buy this crap? How will the monetize it and will it be profitable? I doubt it
This is why I stick around this cesspool of a company, once things get boring another pump and dump emerges.
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