Excellent report filed, They lay it all out for us the business plan, salaries, real estate, etc and in great detail. Sometimes like when you go to the doctor you have to sign a release for them to see you and they list all kinds of possible outcomes from their care and the prescription medicines. You have to make people aware of all the risks but sometimes you just have to minimize the risks so you can move forward. READ all the information and know the risks but stay focused on the possible end result.
The most popular item for the moment is the 800,000 needed for the year and the production schedule. It appears by that number they intend to get serious real quick. And you have to think of what is involved it all takes money. When you request an order from a manufacturing company they usually require a minimum number of units to be produced. Also if you check the patent information, there are other accessories that need to be manufactured like the mounts for the handle bars. Then you have to box it all up correctly so it can be shipped correctly. And they are ramping up to offer the support that will be required after they sell the MOTO-METERS. So yes, like every other company that started without a rich dad funding the startup they need some funds.
The good thing is that more funds they bring in, the more they could possibly bring in the production schedules and get those MOTO-METERS out in the market.
Good news would push the share price up to help out, like possible pre-orders. Looks like they are just as interested as everyone else getting the stock to rise and the company to succeed.
