Is Roam-E going to be another Zano?, page-47

To be completely frank with you, I consider all of the money I have invested in this company gone. Do I have an emotional attachment to this idea - certainly. But not the money anymore. When I lost however many percent with market sentiment, I thought two option: one sell. Two, do what you believe in.

I believe that this company is in a good position for distruption...

It is extremely rare to have an opportunity to invest in a company that has significant (IMO) chance of becoming a 'Unicorn'. (1Bil+) eval start-up (thought technically it wont be called a 'Unicorn' cause it went IPO first just like XERO). In fact this is the first time I have ever seen anything like this on ASX in terms of upside potential - unless you're talking medical research.

Now you are correct that it has heaps of risks. But do you know how many tech start ups survive? About 1 in 20 of those who receive seed last longer than a couple of years. Just under 5 percent. Do you know how much they grow if they succeed? Well lets just say statistically it has to be over 20 + some to pay back investors. And because its smart money, many times more. We're talking global fast scale nowadays - thats the game. Thats why the AEE relationship is so important.

Personally i feel that they are on track to a product market fit idea. So for me thats one tick. Kantor is proving (to me anyway) that his skin is in the game and hell yes they've had some hurdles - all the better. That's another tick. And three, they have funding and relationships to grow, if the market likes the product and if the product is delivered.

So sure you may not like the stock, and to be frank most people probably won't have the appetite for that kind of risk either. There are competitors trying to break in to the market too. Please understand though that this game of disruptive tech is all about risk! Its about a vission and its about an idea. Nothing else really matters.

So sure possibly more than 50% chance of failure. Probably more. But if it succeeds? We're taking 1$ stock, and quite possibly more, in a short amount of time.

I've been involved in the start up space for the past 8 years and I understand how hard it is how far Simon has come already. So props to him.

Thats my opinion anyway mate and that why I am here. PS. I don't mind if you don't like the stock.