Tuesday, November 19, 2019 3:35:01 PM
From what some of the Geotraq Website is stating on Certifications is they are targeting Verizon, AT&T & T-Mobile. Therefore, this means this solution would only be usable in the United States. Hardly a World-wide Solution as they are Advertising. They'll need Certifications in each country they intend to have the product operating. Also it appears any mention of Gregg Sullivan's Patent are fully Scrubbed. Being in the Telecom Industry, they are a "Day Late and a Dollar Short". The Mobile IoT Market is massively saturated from the Established Players. In fact, you can buy the same Sequans Chip in an established product Direct from Verizon for as little as $6.50.
Ask yourself, if you are a Corporate Buyer or even a Product Design Engineer, are you going to go with a Company such as Geotraq that has a NON-Standard Form Factor Product and has NO Track Record or are you going to go with a more Established Player??
The more time goes by the worse this Uphill Battle will become to win any kind of Market Share. Real Customers in dealing with Telecom Products are highly "Conservative", so winning over an "Early Adopter" in this Market is now going to become very unlikely as Companies have already deployed and tested out the Products from these Existing Vendors. It will take more than a Hot Blonde Marketing Chick generating Hype to make this a Success.
As well, this BioTech Move. This is by far sets off so many Red Flags for Shareholders. With a Negative Working Capital and already having Operational Expense Issues, entering a new market is crazy especially considering they hired a Celebrity Influencer with his own issues in Judgement and Behavior are concerned.
Meanwhile, here is a quick rundown on some Financial Metrics of JAN/ARCI.
Working Capital: -$2.319 Million
Book Value: $16.704 Million
Adjusted Book Value: -$1.489 Million (Book Value - Intangible Assets)
It will take me a bit to look at all the other Financials I am tracking.
Stay Tuned...
Intangible Ratio: 54%
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