Fair question and appreciate your concerns but per one of the replies, Vection has a completely different team running the show now. The Mindesk acquisition brought an amazing software platform and highly respected knowledgable management team with it. The constant evolution of Mindesk and doors that have opened as a result of this acquisition are doors that likely still be closed without these contacts and relationships.
I think there are exceptions to the theory a leopard never changes its spots and in very rare occasions such as this, they can very realistically transform into a unicorn.
The constant market sensitive announcements are certainly hard to keep up with, but these are all building momentum in a company with a futuristic view and with fingers in so many pies its impossible they not succeed IMO. Management have shown direction and optimism and constant updates confirming the 50% ARR target be achieved within the current financial year... 12 months ahead of initial timeframe.
There is no way some backyard company continues to progress with Tier 1 international partners and clients in trials and promotion without those co's having done their due diligence. How many other ASX listed tech co's can you honestly say as partners have Microsoft, Facebook Oculus, Intel, Nvidia, Siemens, Dell (via JMC), HP, Rhino, MUNER, Varjo, Logitech, Unreal, Grasshopper etc... all off the top of my head. Not to mention backing from the Italian government and world renowned clients such as Volvo, Georio Armani, Lamborghini, amongst many others.
Following the placement they now have an additional $6 mil in funds at their disposal. Some see this as negative, but i see it as opportunity, for VR1 to progress and further expand worldwide. IMO is currently the most realistic ASX listed company to grow to and beyond a $1 billion m/cap.
The recent hospital trial, the dentist contract from beginning of the year, the MS Autodesk announcement are some of only a few major stokes in the fire. Just the opportunity to get the Mindesk name in front of 11 million Autodesk users is why these guys will succeed. They dont need to advertise... the partners they are collaborating with do that for them. If you listen to the end of the latest youtube link Davroz posted re Mindesk, it is discussed and confirms the ability Mindesk has to combine multiple CAD software and make those changes in realtime whether an expert or a novice. This and the fact it offers remote collaboration between users and designers is what distinguishes what we have and the reason so many international co's want to partner with Vection. As Mark Zuckerberg described as whats realistically the fourth industrial revolution has begun and involves the current players in the VR/AR/XR/3D future.
One last thought... with Covid having decimated worldwide travel and transport and created distancing issues, the ability for multiple people to visualise in the vitual world, design, modify and work remotely anywhere in the world is what makes VR1 a winner. The rollout of 5G will only assist with speed and graphic abilities and takeup.
Mention of defense integration and the possibilies of further expansion into universities and schools and training is where I see this goimg next level.
Nows the time to do some homework more on why you arent on the train rather than if you should be getting off it. This is very early days in an international powerhouse currently trading at 0.175 at the beginning of its exponential growth. Where it is in 12 months is anyones guess. All the best holders and traders.
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