Topic 3: Market Size (very important to read)Assuming the PAT1 team can develop an effective real world product and assuming they eventually obtain patents. (FYI, I provisional patent is not a patent. A patent pending is also not a patent. Do some reading if this TRUE angers you.)
The actually North American market size will only be a fraction of what bullish retailer investors believe. The FCC (USA) and Industry Canada that this radio frequency device may only be used by law enforcement, emergency resue, or firefighter personnel.
So having a PatScan CMR at movie theatres across North America will never happen. Having them at private business across North America will never happen. Having them across school in North America will never happen. Having them across hotels in North America will never happen. ONLY THOSE FACILITIES THAT CAN AFFORD all necessary operational staff salaries will install a system and assuming it even works as hyped.
If facility that installs a PatScan CMR must, must, must be operated by law enforcement (or fire/resue). You can not have a PatScan at the south entrance operated by law enforcement but have a regular civilian operating the device at a north entrance. Not going to happen.
So they can sell this device for $10,000 but that TRUE cost MUST include the salary of each law enforcement official who must be operating the device whenever it is working. One device running 24 hours needs 3 officers on 8 hour shifts.
That is between $240,000 - $300,000 per year, ongoing.
Did Martin Cronin or John Martin tell you that during your tea break conversations?
Most of the people on Stockhouse are just lazy f--ks who want to make a living trading stocks on uneducated opinions and research or technical understandings. Most of the people on the Facebook group are just greedy f--ks who think they are smarter than institutional research teams. You should be thanking me for saving you from the hangman. I have much more to say about this topic of Market size but I'm tired right now. Maybe more later this week or next.
Patriot One Technologies Inc.
Compliance Statements(s)/Notices
FCC Compliance Statement
Operation of this device is restricted to law enforcement, emergency rescue and firefighter personnel. Operation by any other party is a violation of 47 U.S.C.301 and could subject the operator to serious legal penalties...
Industry Canada Statement
This Through-wall Radar Imaging Device shall be operated by law enforcement agencies or emergency resue or firefighting organizations that are under a local, provincial or federal authority. The equipment is to be operated only in providing services and for necessary training operations....