Not sure anyone here said trust me guys the aquisition is not good for us. As far as I am concerned it might or might not be and I read nothing in that tweet that changed anything for me. I remain wait and see. That is merely my position. I don't encourage anyone to adopt it. Make your own.
4 year plan for millions, 8 year plan for 10+ million , or whatever sounds just wonderful. How about a real plan states the operational costs of anything, breakdown of projection sales, plan that lists the investors, how much they are investing, at what rate of interest or discounted share price.
So far, now that the name was identified there was not much reaction. I do not share your enthusiasm that there will be this rush to invest on a company that unfortunately failed, where history shows original investors took their money and ran when the rights to the consumer electronic and mobile divisions technology sectors were sold. Gesturetek was not profitable and after all it was their technology, their talent & enginners, not Eric's
The article you posted before regarding the Gesture Recognition technolgy noted 4 players in it. Here is a financial summary of the 4 companies mentioned.
1) Intel net worth 313 Billion
2) QUALCOMM net worth 155 Billion
3) Thalmic Labs acquired by Google
4) GestureTek Systems Inc. declared Bankrupty in 2019 with total liabilities $307,299
So you think I am being negative, maybe mean. Just calling it the unfortunate way it is and why I think some investors might not be attracted to Eric's Metaverse pitch so fast.
However always said he is a very good salesman. Just look at that tweet that got you, how he is looking at 4 year plain in the millions. Super impressive projection right? And it's backed up how again.
