There is absolutely no guarantee this new model will work, its not like ROBO hasn't been in education market
Robo opened a truckload of channels with supposedly alot of ppl that were the biggest players in distribution of 3 D printers and they were going to distribute ROBOs own education software..
What happened, Well clearly their products did not cut the mustard, refer to sales, in the end they borrowed more moey and diluted you more,,,248 M odd to 658M odd SOI and a new business that will have to crank for years to cover the capital losses from these management gurus
They bought the business as a going concern, of course there were sales going through, its not like ROBO created them
Consider, go back through the announcements to see all the awesome highlights which delivered nothing other than losses from the development and sale of printers and the education market..
mar17 2017 and from the first QTRly report of 2017
WYNIT is a leading North American wholesale distributor of emerging technology and products that includes entry-level as well as professional-calibre 3D printers, making it one of the largest wholesale distributors of 3D printers, filaments, and accessories in the United States. This industry expertise allows the distributor to also provide technical support and guidance in navigating this exciting new technology category. WYNIT has also a large distribution reach in the education space, specifically with CDW LLC, Camcor Inc, and numerous other education-focused resellers. Robo has developed software educational curriculum that provides educators with lesson plans by using 3D printing. 3D printing is set to enhance the learning process in education through interactive visualisations and is transforming the learning process specifically in STEAM subjects (science, technology, engineering, art, and mathematics). The Company has expanded into more than 20 new education districts throughout the USA and continues discussions with key education industry partners. The distribution agreement with WYNIT will assist with Robo’s expansion efforts.
From the March 2017 QTRLY
• Expansion of sales distribution footprint in the USA, with WYNIT distribution agreement providing large reach, with particular strength in the education segment •
Recognised as having top 3 market share in USA in desktop segment
• International expansion into Canada with signing of major distributor, SYNNEX
• Further expansion into Canada with agreement to sell to retailers including Best Buy, Staples, NCIX, and The Source •
Partnership with Promevo, one of the largest sellers of Chromebooks into education sector in the USA, to sell Robo products into education segment
Oscar, what is your involvement with the company besides a shareholder,,,,,I noticed you made a big case for my stems kits and margins etc etc etc, and the next day an investor presentation......coincidence?
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