Good morning MitonTonic.
In your recent post I think your strongest and most helpful comment to new investors and longs was this:
Think about it! Even if this company sells 10,000 machines and makes $200 profit on each one, they will only have enough money to pay HALF the debt!!
How likely is that???
just a note it isn't impossible for a company to sell 10,000 units, especially if they have international sales channels and ditributors. And paying off 50% of debt would be a significant accomplishment. I guess it just matters what the timeline is in which this could be accomplished.
Note: As of 2006, there were approximately 49,000 airports around the world, including 14,858 in the United States alone.
Source: Wikipedia
Say each airport required and average of 4 of these that's close to 200,000 units. in the USA alone it would be about 60,000 units. This does not secondary markets.
For the life of me I have not seen actual numbers regarding what these units actually sell for and the profit margin is.
Would it be too much trouble if you could reference a link to content related to this subject. I think it is an important point and would be helpful to all involved.
As I have point out the weakness of Magshoe 2 is that it is a one trick pony and the up coming Magshoe 3 will now be a multiple trick pony, which actually has potential.
But I have also said that this company is ripe for sale. Your comment also makes me think this product really needs to be at a company that has a line of products to survive off and not just this one product.
The only thing that counters this theory is distribtor channels. which from what I understand is what IDO is doing.
I my self am a distributor and I move alot of product for other companies and this has proven to be sucessful for these companies. And NO I do not distribute security products.
Anyhow I would appreciate the link to that info I mentioned.
Thanks