I sold out of Veem a few weeks ago.
While a big supporter, I felt it got ahead of itself on valuation and had doubts about the macro environment (ie: war, etc).
I do have concerns about timings on the Sharrow props as well.
Veem launched the Sharrow partnership 6 months ago now.
They'd even produced a handful of them for the launch.
In the launch video, they indicated that the initial testing would take place in
November 2023 .
That was 2 months from the start of October launch.
And that the first propellers would be available for sale in
January 2024 .
The timelines have continued to drift, with the preso above still indicating performance testing hadn't taken place in
mid-March .
And the founder, Greg Sharrow turns up in Sydney, but no performance testing results were released during his visit.
What was he really here for? To solve some engineering challenges?
We sit here at the end of April and no results on performance testing, a full 6 months later. VIDEO
(20min delay)