For what it's worth, the deal with SDA is all about the low bandwidth. So the tech is still worth something.
I use the app a lot - it's now very clear and non-laggy in "high bandwidth" mode (as it should be and always should have been). Their rates are cheaper, which it needs to be to have a point of difference vs incumbents in a crowded market. My view is that there's room for competition and ZIP can have it's place. I personally see this incrementally growing and being worth something one day.
But I agree with David, it's all about the SDA deal. Captive market, lots of upside and it's a speculation on the success of that JV. SDA are a real company so they'll keep the JV on an even keel. I think it's an interesting bet against a $13M MC.
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