ok, I really like the product and everyone I have shown the video to like it also.... but a few questions, all straightforward and not meant to bash, but to get clarification and an understanding......
1) who is mobile advertising ventures ltd.? I googled and Bing the name and get nothing. In their defense it seems to be a common name so it might be past the first few pages.... Usually when a company puts out a PR naming a contract they put in information about the buyer, such as 'mobile advertising ventures ltd. is a company based in ... their website is... etc.' FARE did not do that and I don't know why they would leave that off....
2) Why the comparison to Snapchat? this is promotion at its worst and we all know that.
3) What is the difference between a 'wheelies preview product' and their normal product if there is even a difference? Does anyone have clarification on this?
4) The order is fro $35,000... hardly earth shattering but at least a start.
5) Richard Branson is not involved.. if he was, you would have heard about it..... take that to the bank so the people that keep posting hints about Branson investing do not know what they are talking about. Until an 8K is filed saying he invested he didn't. And the connections to Trump etc. all sounds like a promo gone bad. Guys, these folks have family offices that manage their money and they do not invest in small numbers because it is only a 'rounding error' in their net worth... remember, it doesn't matter if they invest $100 million or $1 million these people go through the same due diligence and work before AND after their investment so they do not waste time on small deals.
Wishful thinking but isn't going to happen. If they wanted the product they would have their attorney's knock it off and do it themselves... that's how the world works.
6) At a cost of $3,500 a unit (if this is the final cost) it comes in at roughly TWICE the value of a motorbike in Asia. Yep, twice the value. So if I owned a bike I could buy TEO more bikes for the cost of on Wheelie.
The economics don't make sense to me at this point.
I know everyone was waiting for huge news from the show and aside from vague references to 'inquiries from 6 continents' I feel the PR was a lot of fluff.... not much solid stuff except a $35,000 order.
Problem is they will run out of money in March and I still don't see a plan to overcome that event.
Once again I like the product, I think it would be much better on top of a car taxi as there is already advertising on the roof tops..... but hey, I am a simple guy....
And to the guy who thought I was 'overstating' the use of the word 'coup' in Thailand, what would you call it? www.bangkokpost.com
TRT fighting for their lives, Thaksins boys trying to come to the rescue while the Royalists begin to tighten their grip. I mean they just dissolved Parliament......
But I digress.... My main concern is cash on hand..... as usual my opinion only.......
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