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Wednesday, December 09, 2020 11:16:05 AM
BMG is currently in a chicken and egg stage.
Lugee funded the max he can to light up the "kindle"
Huawei does provide the "spark".
With that being said, no whale would fund the ECO system without "exclusivity" clause.
ECO system starts with machineries. Lugee has a JV with LK for selling machines. IT NEEDS MANY MANY MACHINES to serve the CE market. Someone has to pay for those machines UP FRONT (not the whale). Big CM has to chime in (INVEST with their own capital). They somehow has to make the money back quickly. It needs (commited) sizable PO to serve this.
Last time Apple tried to participate in this kind of game. They failed miserably with GTAT.
IMHO. Shark Tank is the only way to solve this problem.
Global Elites (top 1%) have scooped out enormous $$$ (up and under) during the 21st century. There are massive amount of cash available globally. This is why interest rate is near zero percent.
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