Support is likely to collapse on PAT ONE SaaS
Well. It’s a well-known fact, in studies by McKinsey and PwC, that 92% of reasonable SaaS models fail. So that’s an 8% chance.
Looking at why they fail, the question has to be, is there a demand for that SaaS?
Well, hate to labor the point of the obvious but PATS failures have been down to implementation of Hardware capability and nuances to give sensor outputs for Software to make any sense of. Until that is honed and it likely won’t then SaaS has already gone for a rather long schitt.
Fact remains it simply doesn’t matter. Any detection capability needs to be validated and then it has to be determined what action is taken once a valid threat is encountered. The reality is that Security or an enforcer needs to be present to interrogate an alarm. So, to that point why not simply have a guard with tried and tested technologies.
But wait… Most places in Vegas don’t have these. What’s going on?
Fact is, Casinos in Vegas, statistically are the safest place in Nevada already. So that ‘garbage’ as per the Opinion of a rather unqualified practitioner in the security space and as a CEO for that matter, is exactly what it is, an unqualified opinion.
Reality
In the USA you a 5/1 more likely to die in a plane crash incident where the plane hits you on the ground than be shot. So, on a liability perspective, why would a Casino care if some idiot shot someone? Other than perhaps closing a craps table and losing a few thousand until the body is removed, for that tens of millions to one odd divided out by 100 casinos. Why bother?
Casinos, they work the odds on absolutely everything.
The Past – Arrogant Statement
You guys invested in something. It’s called CMR. It was surreptitious unseen public weapon detection which was and still is ILLEGAL in the USA. Mr MC REMAINS on the BOD at Patriot One. Despite a raft of claims that people invested in despite the legality of the FCC through to the operation was flawed by law.
The BOD guide and hire the CEO.
The existing BOD voted MC onto that board. They did so after catastrophic failures and lies. These failures now make the company a start-up contender in the Loss prevention alarm market and car park plate recognition business. Wow!
If that isn’t a complete kick in the teeth for investors, tell me, WHAT IS?
This guy called out a little in the way of a basic common sense approach that most people could manage, and most of you guys are dropping to your knees and opening the guys jeans for primetime and swallowing the lot.
Watch the SP Now .... Give sentiment a few days to work its way in.