MJP & Mathematical Riddle, page-4

I listened to the interview again and Mr. Coker definitely states that they can produce 1 jetpack in 10 days, in my calculations totalling around 33 units per year.

But even if you assume that only 1 highly trained person would work on a single jetpack from start to finish (highly unlikely), you would require a total of 13 of these geniuses to assemble 500 jetpacks per year. I have just visited the BMW motorcycle factory in Berlin and they also talk in terms of how long it takes for a single unit to be built per day/year. There are many workstations through which each motorcycle passes, with one technician being responsible for just one specialised task. There wasn't a single person or a very small team assembling just one motorcycle. Each task requires a specialist in its field (engine, frame/suspension, painting, electronics, etc.)

It is a pity that we continue to remain in the dark regarding factory set-up and production capabilities. Mr. Coker could have used this occasion to inform the market on how many firm orders have been taken, as this is what really counts. It does not matter how many jumpers you can knit in a week when no one is interested in your garments. Mr. Coker at least admitted that Kuang Chi is "providing us with great technology assistance whenever we require it", so very important now that Glenn Martin and the former head of Engineering, Ulrich Bergler have left the company.

One more thing regarding the share price. There would be a lot of disappointed shareholders around by now. Mr. Coker has given a number of investor presentations during this year:

1) 25.02.2016 Sydney: Share price: 59 cents
2) 17.03.2016 Melbourne: Share price: 53 cents
3) 27.04.2016 Hyderabad (India): Share price: 43 cents

One is entitled to ask what impact these presentations had, given that yesterday's closing price was 42.5 cents and that everyone who might have bought in straight after these talks would be under water by now.

I would love Kuang Chi to take action right now, rather than us suffering a death of a thousand cuts.