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You got your numbers wrong in a knot. $100 for hardware and $30...

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11,703 Posts.

1077

20/03/16

12:41

Post #: 17321136
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Originally posted by matchbox20 ↑

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.

ODN Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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