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20/03/16
12:41
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Originally posted by matchbox20
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I'm not sure it's that enticing.
According to Techinasia article,
"It claims that it will deploy on 100,000 street lights
in five cities ,with a US$100 initial installation cost
and a subsequent charge of US$5 per month per street light.
So,gridcomm have to spend $13m to get revenue of $6m per year.
Also,was odn telling porkies to with the $4m c/r.
Didn't want to scare people with dilution?
Another article states $us7.5m c/r.
That's $A10m. 100m shares @ 10c
The c/r will be the same as the last imo.
At about 1.2c equivalent as I said before.
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You got your numbers wrong in a knot.
$100 for hardware and $30 installation costs per street light.
Thats the cost to the client and gross sales. Its not gridComms cost to install.
Dilution all RTOs have a principle RTO IPO raising. Never has stopped BUD, BRN, NOR, RYG from moving north. Its many months away.