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Gatekeeper Systems Inc V.GSI

Alternate Symbol(s):  GKPRF

Gatekeeper Systems Inc. is a Canada-based provider of intelligent video and data solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. It uses artificial intelligence, video analytics, and mobile data collectors to inter-connect public transportation assets within a smart city ecosystem. Its platform-as-a-service business model is centered around wirelessly enabled mobile data collectors which forms the foundation of its data company evolution. It engineers, manufactures and distributes high-definition mobile video and data solutions for a range of markets including school districts, law enforcement, public transit authorities, as well as the United States military. Its video management and video analytics software may be used in mobile or desktop applications for managing video evidence of incidents. Its solutions include Purchek, Business Intelligence, CartControl and CartManager Ultra.


TSXV:GSI - Post by User

Comment by davewhoon Jan 02, 2024 7:05pm
193 Views
Post# 35807914

RE:Question For The Board

RE:Question For The BoardI'm pretty sure I remember DD saying during an interview that GSI would be able to fund any of the contracts that they are bidding on and some of them were large. Now if they got a $100m contract that might be another story. It really depends how the contract is setup. That recent contract Hayden got with LA was over a 10 year period if I remember correctly. So it was actually quite small on a per year basis. If GSI got a $100m contract say from the TTC to be completed in a year DD may have no choice but to do a bought deal equity offering. Probably with no warrants. He can always do a share buy back at a later date if he wanted reduce the float. I certainly wouldn't complain if he did a $20m offering to fund a good $100m contract. But I guess each shareholder would have their own thoughts on the matter.
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