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meringo

4,803 Posts.

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22/05/16

10:33

Post #: 17834078
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Originally posted by DigitInvestor ↑

Guys I know that you don't want to compare yourself to a 'drone' company. But... Have any of you done some research in publicly listed parrot drones? Their business is much broader than you'd expect...

And their market cap is approx: $650million Australian.

Their share price hit €50 in 2015 but has now retraced to €14 as revenue has been declining... And these guys are selling worldwide with very large companies...

http://www.parrot.com/au/aboutparrot/investorrelations/

If IOT were to become as big as Parrot and IMO that is a big if... That would equate to a share price of just over a dollar... And these guys (parrot) have over €200million in cash...

2016 first quarter financials:

http://www.parrotcorp.com/en/financialpublications/2016first-quarterearnings

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What's the point in these comparison's ... this is not the market niche that IOT are targeting.

IOT Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
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Roam-e Prototype Available in 10 Days, page-216

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