Sunday, February 17, 2019 12:44:55 PM
Wavetech isn't trying to sell "products." Most technology is useless without a services component. Wavetech emphasizes its services. The past 4 years has likely been spent on developing service integration for niche markets (telecom, auto, data). It's a very good thing we can't find the BEAT on Amazon. We should be cheering.
You can develop a combustion engine, but if you don't put it in a car, it's useless. Tech development companies seem notorious for missing that crucial link between "working tech" and usable tech. You patent core tech. But you don't sell core tech. After developing core tech, you develop the applications, which aren't always patentable. What are they going to do, patent SDN systems? Of course not! Patent integrations with other battery products that other companies own? No.
Google "SDN energy efficiency for telecom" or "SDN energy efficiency provider service for telecom." It's almost all white papers and research. This highly suggests a new product and new market that Wavetech can monetize. I'm not saying they're the only player. But there's potential with SGSI's current telecom customers.
Under these assumptions, the Wavetech timeline makes sense. Maybe they were delayed a year on their IPO but so what? That happens all the time in business. Why make a major leap to major corporation when you aren't on an established US exchange? Build up cash. Develop partner relationships without committing too much capital. Then pull the launch trigger once the IPO happens and you can more easily raise the capital necessary for financing large, profitable service campaigns.
If Wavetech includes its energy service as passive "add-on" for SGSI contracts (without spending a ton on active marketing) it could very well see profitability. If its already profitable ala the ABC equity post, then everything down the road is just icing. The bar isn't high. At these levels, a break-even/reduced debt company would bring a great ROI. If anything, play the pop on the shiny new merger financials and get out.
Not sure what all the doom and gloom is about. If the merger details/next quarterly report look like garbage, then by all means get out of this stock. And I understand that some longs here need a 500x increase. But for others who are newer, we're currently following a little-known stock that has probable upside.
There's a Chungus among us.
Don't take my opinions as investment advice and do your own due diligence.
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