Business Reality I have reading all comments for a while - some in favour of PAT, some against and some unfair. At the end of the day EVOLVE has a much bigger war chest, and despite being a lower quality product has more installs to date. Spending money like crazy and hyper scaling the business. This is typical American SPAC funded startup scaling tactic.
PAT cannot match them on this. They have limited cash. What Peter is very judiciously doing is focussing on high quality installs with a stable customer base. The word of mouth automatically will take over.
The fundamentals for EVOLVE are in the wrong place. Poor product, bad market reputation slowly coming out, and they are hemorrhaging cash. This can only end poorly for them. Look where their stock is from the $16 highs.
What can go wrong for PAT in this is dirty tactics by EVOLVE - squeezing them out of deals by getting their celebrity investors to make calls to buyers. If that doesn't happen, I think PAT will do well and will go up slowly and steadily. The other thing that can happen is an investor with deep pockets buys PAT and picks up the battle with evolve. I am hopeful for PAT. I trust the product, I like the strategy. But it's going to new patience.
Another outcome could be that evolve screws up enough times and buys PAT for its technology. But the celebrity investors are going to be pissed as it's an admission of bad original product and a bad investment on their part.