Flyht's predicamentI'm with you on this tannin. From where I sit it looked like the company was doing what was necessary to present a product that would be inherently useful and appealing to the airlines to a degree where it would just make sense for many of them to acquire it as it would meet a need more effectively than other solutions. The company was continuing to spend money on research and development in an effort to upgrade the product to a point where it just couldn't be denied. The expectation as a shareholder was that a threshold point would be reached where the recognized functionality and benefits to the customer would be such that the uptake would accelerate relative to the expenses. The management and shareholders believed and continue to believe that we have a unique and genuine product that will just make sense for the industry. In fact, the patented black box streaming capability is absolutely unique and meets a mandated requirement head-and-shoulders above anything else.
The company has done this while remaining financially viable with some reserves and limited debt and a decent share structure. I always knew and posted such that an inevitable economic downturn or even crises would affect the airline's financial vitality and their ability and inclination to spend money. Since it was going to be the case that Flyht's share price would only move up significantly when the uptake began to outpace the expenses I was hoping that the company's development path would bring it out ahead of any major downturn with many more signed contracts and a good cash reserve. That didn't happen. But the company was making good progress and bagging some good contracts. It was right there on the verge of accelerated prosperity.
Then the pandemic panic hit. Even a severe economic downturn would only have delayed Flyht's success. But who could have foreseen the governments' destructive and economically suicidal response to the virus. The airline industry has been among the hardest hit with their business and cash-flow ravaged. Who knows what the degree and timeline of their recovery will be? In light of this, is it any wonder that Flyht's share price languishes where it is? I am surprised it is not lower. You can't blame Mr. Schmutz or the company for this!