Hi guys, this is my first post ever! (Been lurking for the last 6 months on HC)
I appreciate all the great research and discussion here. A lot of valid points for and against. I really like this company and i made a small profit but sold out today. I usually only buy small parcels for LT holding, but changed my mind on this. Why?
I work in a massive IT Consultancy. My role is not that technical but I am surrounded by tech experts. I was having a casual conversation with a senior colleague and I was telling him about Flamingo. Distributive, exciting, IP, Deep learning.. AI..blah..blah.. (showed him the a video and the Invo pres, hoping he'd jump on board too lol)
He then pulls up this link: https://azure.microsoft.com/en-us/services/bot-service/ or something similar.
Ignorantly, I asked if Microsoft provides this service too?! The whole AI, smart, deep learning chat bot with in-build forms and all? He said; No, they provide the tools to build all that. And so does AWS, Google, Git etc etc. At this point I stopped smiling. I asked (1) how difficult would it be for a company to build this in-house or for a competitor to replicate this? And what about the IP? I decided to sell after the following answers (1) On par with building a some-what complicated website. (2) Within software, IP can only protects code. If someone writes a difference piece of code that delivers the same value proposition...too bad.
In my opinion, this is a good trade, but not a long term investment for me. I truly do hope that I am wrong and that this Flamingo flys though. Happy to be wrong
Good luck to everyone.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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9 | 23000000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 16790799 | 22 |
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