Thursday, November 15, 2018 12:08:13 PM
My 2 cents on this stock, now having read the latest 10k...
These guys were technically incompetent from the get go...they just purchased a patent and set up the whole dream !!!
From the 10k..."Infinitus was originally based principally on a United States patent that we acquired in August 2016."
Their only "claim-to-fame" on a technical front. and this is a purely technology-dependent company, were the de MOS father-son duet that supposedly were instrumental in the first airplane internet service airtel (now totally antiquated).
The clearest proof as to the lack of significance of their patent that supposedly involves a "method of synchronizing free space optic links between aircraft in flight" is that a company like FB won't even bother to throw a few million at them in return for buying out this pattern. So I believe it was all hogwash created by a few, possibly well meaning, but dumb ass self-created technology wizards, thinking they could revolutionize the world and provide cheap internet access to every nook and cranny. What is more astonishing is that the original guys at GE, Air Lease and Mynaric that fell for this stuff and were partners in crime as these guys advertised again and again selling their crap. Of course, the guys who lent them funds to keep the doors open, the toxic converts, were the only smart ones who knew the con game as soon as they saw it. The latest thing with Sabby et al., I do not understand. Of course, this could be another ruse to jump the stock price so those guys could ultimately recoup their losses...
Till some credible party says to these guys "we would like to partner with you and here, take a few million to keep the doors open", it appears to be a total hoax...
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