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Where was it stated that the hardware is sold at a loss?

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DreadPirateRoberts

989 Posts.

387

13/09/17

14:27

Post #: 27188115
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Originally posted by Klue ↑

Resident downramper here, anyways just wanted to say that the 15% discount offered seems a potential problem given they already sell the system at a loss to lock people into the monthly recurring payments. So if they sell a lot of these to Hanover's customers then it wont be long till they return to market for more cash to support production right?

Sell the unit at a loss to make $10-$20 a month recurring revenue, imo the math will say that their current cash balance will not allow them to sell enough units at a 15% discount before MRR comes in at substantial volumes.

So, we are left with two options imo,

1, They will return to market for more funds if this is successful, or
2, This ann is part of the IPO exit pump plan and they will sell bugger all units to hanover's customers thus avoiding a CR.

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Where was it stated that the hardware is sold at a loss?

SCT Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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