I'm not sure why they are simultaneously trying to launch whole new markets (IOT, airlines, STB's etc etc) while still barely on their feet with OTT. They've admitted they are under-resourced, I am not surprised!
I'm all for visionary management, but keep your feet firmly on the ground and bootstrap a company slowly, get cash in and THEN spend that on developing your other product lines.
The Talico thing does seem a bit cosy for Nick, but to their credit they are getting an independent valuation. It does look to be some great IP, I notice smart buildings / power management was mentioned too, sounds like something along the lines of BUD but just the software?)
Seems they want to be everything to everyone right now .. that has a slight smell of ego, I hope they do not fall on their faces.
To be clear I am in to the tune of 4M shares and have every belief they will be re-rated in the next 6 months.
I just hope their sales pipeline is indeed chockers and we start getting more OTT sales soon. Then we might reach some critical mass.
