It is difficult to defend management's long struggle over the past many years to commercialize the 5BARz technology. The more important question for shareholders is what kind of a future does the company have. In my opinion, the negativity on this message board is understandable for many reasons, but not for the ones most often mentioned. For instance, there is the criticism that the 3G market, that 5BARz is currently pursuing, is old tech and no longer relevant as 4G and even 5G technology take over the cell phone markets. This criticism is wrong on two fronts. First, the 3G market is still huge and will remain that way, particularly in lesser developed countries, for quite some time.
The second mistaken assumption, by some, is that once 4G completely takes over, our products will end up in the ash heap of history. This misunderstands our technology. The higher frequency signal of 4G has even more difficulty penetrating buildings and other structures than 3G. A Network Extender is even more important for the 4G market than the 3G for getting a good signal to its final destination over that last short but critical distance into the home.
Then there is this from the 10K regarding the ROVR:
Snarky comments like this: "Sales dropped (to $2k! What did they sell, 8 ROVRs?)" are just not factual. Though they have been severely constrained by a lack of operating cash 5BARz reported in the 10K the following orders:
Those numbers are a far cry from $2,000 or 8 units claimed in that recent post.
BY FAR, the most exciting detail in the 10K is the discussion of data mining and the use of blockchain technology. If 5BARz is able to get in front of this wave the long agonizing wait will have been worth every second.
I will leave you with one final thought to help you decide whether 5BARz is worth the risk of keeping it in your portfolio.
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