Sunday, July 30, 2023 4:04:53 PM
So what are they? They were far over hyped in the beginning slick media and hitting trade shows doesn’t equate actual production of suits brought to market and SALES. The RE2 acquisition isn’t a game changer right away and likely imo won’t be. It’s be like yeah thanks for stopping by our booth at the trade show - but for years we can’t produce and sell any - but hey cool right LOL? Look at the demonstrations. It’s the future. It’s safety. That doesn’t mean jack - all trade shows in world - if they can’t execute.
They have burnt through predictably and insane amount of OTHER PEOPLES MONEY hundreds of millions and yet they don’t have any exo skeleton massive production nor sales? Enough of the malarkey imo. This isn’t someone’s garage type biz here. They raised a tremendous amount of capital. Time to ship up or ship out.
The alleged AI- imo is their Hail Mary to try and jumpstart something. Unless - the new temp president Peterson with a background from Boeing can quickly turn this around or imo their looking at possible another RS if market starts seeing they can’t execute and PPS once again sinks below a dollar again.
THEY NEED SALES. Something. Can’t go that road again or this thing is over. The capital institutional investors won’t screw around.
They better do something and fast or the 25% reduction in workforce is a who cares deal. SHOW THE MARKET SALES, SHOW THE MARKET THEY CAN EXECUTE. SHOW US EXOSKELETON SUITS WITH SALES.
No more talk. No more blue sky. Execute get sales or move to OTCBB and come back if and when their actually making sales and exo suits.
No way was I buying in. Wanted to. But knew transition from a R & D into an actual manufacturing company is never easy. Especially a SPAC.
Wanted them to do well- but I wisely wanted to see what they would do. Saved a lot of money on this one. If it turns around holding my breath- then I’ll review. I think AI could be their savior. We’ll see.
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