RE: at the edge of super successThank you for your spirited review of the company
~ Cash lower than had hoped (totally agree) - however last time after telling their story to investors they raised at $2 per share
~ Ottawa closed (I will have to follow up on this one) - was it because they are now done their MASSIVE US and European NextMap project??
~ USA MCDL - revenue only begins as of June (the economy is turning around AND buyers would have waited until the USA is complete)
~ Q2 will be much better than Q1
~ Sell MCDL within 1-2 years or it becomes obselete - (totally incorrect in my view) -- they can re-fly over an area if necessary to update their library
~ Accumulated deficit (probably a huge asset to an acquiring company)
~ 3D road collection - wrt 3D road vectors (my understanding is that this is just an overlay/little extra work that was already done in Jakarta on NextMap USA and Europe)
VALUING THE COMPANY?? = accumulated deficit (an asset) + NEXTMAP USA AND EUROPE (an asset) + MCDL recurring revenue (discounted future value) + contract services (historically $20 million per year) + cash of $5 to $10 million. What is this value??? I don't know!!!!
Right now, in my view, the company has moved from "project risk" in completing NEXTMAP USA/Europe, to "sales risk" (sell the asset over-and-over-and-over again).
G