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Drone Delivery Canada Corp V.FLT

Alternate Symbol(s):  TAKOF

Drone Delivery Canada Corp. is a Canada-based drone technology company. The Company is focused on the designing, development and implementation of its proprietary logistics software platform, using drones. The Company’s hardware/software platform is used as a managed service and software as a service business model for government and corporate organizations. It is scalable to operational capabilities 24 hours a day, 365 days a year. It provides a complete turnkey logistics solution, which includes a proprietary software system (FLYTE), hardware and professional services, allowing for an autonomous cargo delivery process from depot to depot. It is focused on servicing a range of vertical markets, including remote communities, Indigenous communities, courier services, retail, e-commerce, mining, oil and gas, healthcare and pharmaceuticals, government, military, shore-to-ship, and construction applications in Canada and potentially internationally.


TSXV:FLT - Post by User

Post by mountainparkon Mar 04, 2021 9:11pm
206 Views
Post# 32724876

Test 'successful' implies objectives met

Test 'successful' implies objectives metI rarely comment on here but found some interesting debate regarding the interpretation of a test being successful. In engineering and fabrication, when we have an equipment test, a successful test means that all the defined test parameters were met and that the equipment can proceed to the next stage of fabrication or delivery to customer. Of course there will be a detailed test report to outline the benchmark parameters and the actual rest results (numbers, calculations, graphs etc) I think for a publicly traded company, a simple message stating test was successful is clear and closure of the topic of equipment testing. The organization does not have any obligation to release detailed test results and probably it won't even be understood by non technical people. There could also be confidentiality issues around it. Now, the impact of an equipment test on stock price was probably already priced in and therefore no change was observed. On the contrary the entire stock market does have a bearish sentiment right now and the biggest impacts will be faced by aggressive growth companies unfortunately. For eg. NASDAQ took and bigger hit than S&P500. I agree that real contracts, increased revenue and profits will be the only factors that will and should justify the growth and future of FLT. 100% speculation is like gambling. It's probably going to be a longer wait. We should also not fully eliminate competition, demand, Total Addressable Market (TAM) and many others. Also remember, all our dreams might get shattered if this company ever decides to do a reverse stock split or changes something fundamentally. I am invested here and will be observing in the mid to long term. So far, this company seems to be going in the right direction, although it's been a slow ride.
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