The Road Ahead.., page-3

Hey Garry welcome aboard

I made few posts click here from the old forum on my impressions.

At the current prices, it is a fair bargain. CR was completed to institutional investors and were issued at 3.2c (post consolidated price) so they have obviously paid a massive premium to current prices.

The selfie drone announcement was not well received by the market perhaps because of the increase in price for the drone and the Viper watch sales update were nothing impressive since the October update either.. They initially estimated that it the drone be priced under $200 but now it has been confirmed at $349 (personally, my interpretation is that further research by the company may have suggested that the elasticity of demand will still be there at the new pricing). Important to also mention that we are still under half the price of our competitor " Lilly camera" who is priced at a whopping $899. This type of niche product ain't my kind of toy but i'm confident many out there would be interested .. so I am keen to see the first set of sales update.

What got me interested in the company is not really the drone or the watches alone but more so for the combination of other IOT products they intend to launch from ST-LT (apparently upto 20 products according to articles below) so they are really targeting a mass market altogether here and diversifying their risks with their 3 subdivisions ( OK watches, Roam, Intervision). So having done some research I've decided to stick to the company for the ST until further notice.

Atm only holding only 500k shares .. waiting for another entry and some solid support.. so If it breaks down to the next support zone at 1.8, i'm going to l load up about another 1-2m shares. I don't see how this cannot get back to around the 4-5c area in the next few months with more product launces , updates and potential agreements to come.

Will also likely post up a consolidated report in about week or two of my research


For those who haven't looked much into the company's product and intentions,
Have a read on this articles from last year if you haven't:

http://www.adelaidenow.com.au/busin...g/news-story/5c6de7d046ad343f2b6448d0b1d3bdb1

http://www.copyright link/technolog...s-aussie-tech-group-plots-ipo-20150628-gi01qm


Our new Selfie drone receiving some internet coverage
https://www.inverse.com/article/13577-flying-selfie-stick-doesn-t-want-you-to-think-it-s-just-a-dr
http://www.techly.com.au/2016/04/01...m-e-not-april-fools-day-joke-actually-exists/
http://mashable.com/2016/03/31/roame-flying-selfie-stick/#1XPpz_ySlqqk
http://www.digitalspy.com/tech/news...ing-drone-is-basically-a-flying-selfie-stick/


Cheers