I never believed the 3.50$ takeover either. They never mentioned the name of the company that wanted to take over, and it was all so secretive.
Why would a European company pay 3.50$ for a startup that at the time had no clients and no contracts?
It reads fake all over it, like that CEO interview.
The one hope that I have is that I trust them when they say that they have a small set of installs coming with presumably Staples soon.
This is how big business operate. Staples will NOT give them the whole chain after a single store trial. They will first try 1 store, then 5 stores, then 15 stores to see how the technology scales up. Once they are satisfied, then it is the whole chain contract.
My concern: management. They seem to have a good product, but a somewhat bad/shady management. Their board looks decent on paper with some serious expertise from Bombardier,Lockheed, Protector and Gambles and the likes, but something is not spinning right. They should be in more places by now, not relying only on a single client.
I bought for 10K at 0.18, so it really angers me to see that company stuck on first drive and seems to be going nowhere any time soon.
