So what exactly is going on here?, page-2

First 2 Last

Share
Profile

Follow
forty2km

334 Posts.

04/05/16

16:06

Post #: 17676440
Share

Originally posted by secold ↑

They announce the sale of a commercial Jetpack.

>People get excited, talk about it replacing cars as the mode of transport of the future. Share price rockets to $3.00+ on good feelings and thoughts.

>Most traders slowly take profit that bought in at 40c, price falls pretty sharply to $0.7~.

>Martin the founder of the company leaves. New management steps in.

>It's been almost 1.5 years since they went public, There's been a few shows and maybe 2-3 live demonstrations.

>They are trying to get orders but seem to be failing/having trouble getting anyone to show real interest in the product besides 'Oh that's interesting'.

>Videos of the thing actually flying seem to be getting fewer and fewer with most shows being made as static models.

>Talk of 'mass production' to start in mid-late 2016 now seems laughable. Mass production of a product with literally zero commercial orders despite a year and a half of trying to find a single buyer.

>They are leaking money quite fast.

Is my understanding of the situation correct here?
What can they do to remedy the situation?

Expand

You said it all:

MJP Price at posting: 40.0¢ Sentiment: Sell Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

SFM

Why is Santa Fe Minerals up 370% on Thursday?

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

GLF

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

ASX Market Close: Local bourse dips red as CBA profit takers swoop

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

So what exactly is going on here?, page-2

Top Stories

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Why is Santa Fe Minerals up 370% on Thursday?

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Resolution looks to 'strong historical data' as Horse Heaven search begins

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

ASX Market Close: Local bourse dips red as CBA profit takers swoop

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Featured News