My Investment Thesis, page-9

Regardless - 5m AUD is way too cheap - this company is priced for catastrophic failure - even though they have had a couple of positive quarters in a row.

And it looks like more partnerships are coming.

AND it's a bona fide American company which has its own advantages over there.

Better comparison is to Percepto (about ~200 million USD valuation) or Skydio (blue sky ~2 billion USD valuation)

Drones will only become more adopted over time. It is an exponential trend. And they are carving out a niche and building the business *now* so we reap the benefits later. It's as close to a first mover advantage as we can get.

Just my humble opinion. I like to imagine people will one day look back at these prices and say: "I wish I had bought some back then".