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Threeflight

05/20/19 1:46 PM

#33259 RE: Threeflight #33257

To be honest it is very hard to make out what exactly is going on with GZIC.

On the one hand you have tweets and calls and emails to shareholders where he promises a lot of what would be really big stuff.

On the other hand, you have financials that are still not audited, and even so they show a company that lets be honest, I know of lemonade stands that have better balance sheets and make more money. I mean it really seems as if GZ does next to nothing business wise. Which makes it hard to understand how they could ever get big contracts from the US govt and major racetracks.

But we know 'something' is going on as we have seen some evidence of airport deals and apparently Cole is at the very least visiting at least one racetrack.

At this point I am as confused as ever about what is really going on here.

Would be nice if GZIC actually put out real PRs and 8ks showing some of the things going on, although at this point it has been so long since we have seen those that predicting if and when that might happen is a mind boggling adventure.

Freeblazer

05/20/19 2:10 PM

#33262 RE: Threeflight #33257

He states these are long term contracts. Meaning the estimated 10-12 mil is over the life of the contract. These contracts are 3-5 years long. They also have to ramp up, so we might not see any revenues for some time. The raceway just had their 1st race that GZ might have had anything to do with 2 days ago, so of course that won't show up until 2nd or 3rd Qtr, depending on terms of contract.

I also saw somewhere the Raceway may not show revenue until 2020.
Sure he was at the Races this weekend, but I saw no signs of him working. That could still be in the planning stages. They would have to have equipment installed, and possibly techs on site. It's not like they can just plug up a router over in the corner somewhere.
I would think if they were providing services at the track, we would have heard something more, and he would have posted in a different way. For now, It just looks like he was a regular spectator.