Hello all,
I haven't been able to find anything new in the marketplace re shockrounds since 2005. There was the following from the prelim final report:
• There was been a decline in market value by virtue of adverse publicity and the increasing number of lawsuits
relating to Taser’s ‘stun gun’ technology which in turn led to a considerable dampening of investor confidence in
the “less than lethal” weapons sector; and
• there was a reduction in market capitalisation of the Company.
• There was indications that future economic performance of the asset and therefore prospective sales have
deteriorated
Furthermore, given the: -
• current uncertainty that exists in the “less than lethal” industry sector;
• the stage of the ShockRounds development and product optimisation;
• the reliance on the expertise of its outsourced relationships and consultants for the ongoing development; and
• the level of uncertainty relating to commercialisation of the technology in the immediate term;
the Directors concluded that the carrying value of the ShockRounds technology was, at that point in time,
indeterminable and, as such, could not be carried forward at its previous levels with any level of certainty.
Has anyone found any information about shockrounds and whether it is something that could still come to market?
It appears they are pushing all efforts into OraLine.
Cheers,
Tim
HGR
unknown
Hello all,I haven't been able to find anything new in the...
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