carlcag wrote: I read these threads and for the best part find myself wondering if certain individuals are processing the meanings words of simple to fathom sentences in a rather detailed and clear report ?
Many have questioned the need and timing of the report , I for one think after reading some of the statements on here and in Facebook blogs, that it was incumbent on the company to set the record straight on many notions. I would also guess that here on in that investor news will be delivered not on demand but in periodic statements to ensure absolute clarity.
The wording in that release was without ambiguity.
The report states the technology is at Alpha > Beta stage, I suggest if you don’t know what this means, it maybe good overall practice to invest a few moments and employ a few moments of knowledge acquisition on Wikipedia.
As for the comments of 300 units being deployed this is a statement seemingly plucked from the air. It states in that report that there are no commercial installations and that no revenues have been derived from commercial activity.
I am unsure of where the notion of anything compatible with understanding how a business works that a 30 >40 person company could handle the deployment of 300 alpha systems. If they did that other than it being against every aspect of 101 business common sense and have 300 alpha systems at say $10K a pop don’t you think that would show on the P&L ? I looked on the financial statement, Not there either?
To this point how do certain people when given several avenues of declination of fact arrive at these notions when you have actual legal binding statements of unequivocal reality pertaining to the exact here and now company position ?
There are so many great plus points in the stand off detection business and it seems that people are getting hung up on the same topics and notions that have just been dismissed in a company report issued only 48 hours ago?
From my perspective a very honest and straightforward report. More importantly not one single item in that report that doesn’t mirror the existing or prior challenges other companies in this sector currency have or will no doubt face. The stage where patriot one is at means it must double down on engineering and software objectives. Like all start ups , there is a discovery stage and to short circuit that stage can cause petulant issues further down the line.
Some great clarity in that report and from my perspective well timed and correct to issue. It would be seriously refreshing to see some serious conversation around meaningful facts and not assumptions plucked from thin air. Likewise when certain journalists make scatterbrain headlines, it maybe prudent to talk about the aspects of what the true potential of stand off is from an overall perspective and the concept of operations through to political as opposed to “if this was there it would have stopped that”.
That is like stating that anti collision radar and lane assist in a modern car will stop read related death. In the UK which has a tremendous amount of this tech on vehicles fitted as standard and over £3 Billion spent on smart highway road cameras and red light awareness technologies the UK has seen a FACTUAL 9% rise in road related death in the past two years.
Technology can assist but when you put anything that can cause death in the hands of irresponsible people or naive people who are of a certain mindset or persuation it doesn’t actually fix anything. I think they say somewhere “You can’t fix stupid“ So to this point articles that state “this tech may end mass shootings” is sensational journalism that simply strips layers credibility from the mission at hand. I think its time for those who talk due diligence to actually practice it, before shooting from the hip because supporting these articles by reposting them is shooting the stock in the foot.
The rise of this stock has everything to do with team execution here on in. There are no slam dunks on the technology arena. The science of what is called CMR at sub Millimetre Wave frequencies is absolute bleeding edge. Likewise the company may need to make fundamental frequency changes as it moves forward and that will mean patent evolution. The most exciting part of this process is the adjacent discoveries that will expand to other products for other verticals.
The smartest thing going on right now Patriot is the acquisition of certain talents to get things done. It might seem elementary, however this is the one thing that most tech companies get seriously wrong time after time. The fact they are addressing this right after being sufficiently financed is a huge tick in the box. The realignment of reality issued on the 28th another great tick in the box. Cant fault these moves or the timing of them.
As a person heavily involved in this precise sector It’s humbling to see such enthusiasm for this stock and the mission at hand here. However I believe that in light of the report and it’s clear narratives, I believe that a certain degree of sensational and assumptive temperance needs to be undertaken on these blogs and bullboards. Having the management team quell assunptive nonsense in a Tolstoy masterpiece every time a few investors go off on tangent of assumptive facts and figures is not compatible with the mission focus of completing the product and making you guys some well deserved returns.
Happy New year to All !
Carl