I'm not saying that Zapata can't build in some type of "auto-pilot", "auto-landing" functionality. Maybe they could have "auto-deployed" parachute, etc. But, in my opinion, they will need to build in some of this functionality before the technology is commercially viable. Aside from a few daredevils willing to sign a waiver that puts all liability on themselves, I don't think anyone will ride on one of these until they are convinced the risk of death or injury is very low based on built in and proven safety features. That will take time and money.
This is the main argument for not letting the thrill of Zapata distract investors from what's truly our best bet for seeing a return on our investment. Our best opportunity is to retain the ETD business with improved financing. We must vote NO on the sale of the ETD unless the price is fair. Don't let IMSC management and the lender steal the ETD out from under us. Believe me, management and the lender are the only ones who will benefit from a low sale price. They get it sold quickly. The lender has a low enough cost average share price that they make out great. Management gets a heavy CIC - Change In Control payout. I would not be surprised if they structure the deal with future bonus opportunity based on future performance (which they know will be great with the handheld coming). They want to rid themselves of us, the pesky investors, so they can take the quick deal.
Again, they'll try to use Zapata as the distraction. And, they'll threaten bankruptcy if we don't take the low ball deal. Don't believe the hype. Once we vote NO, then we get the attorneys involved. Then we take the gloves off and fight for what's rightfully ours, a FAIR result. IMSC management and the lender don't want this. They'll use fear and threats along the way.
Maybe we'll get a fair sale price for the ETD and none of this will happen. That's my hope. But, we can't sit here complacent without a plan B if that does not happen.
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