Axios Mobile Assets Corp. AXBSF

iGPS, RM2, other

[MishaPBJ]

great comments by all, i believe the most important are how the margins will play out and the impact of Fx on sales and asset build out, my comments on recent posts:

Relay - true players, with relationships and cash, and relationships with cash

iGPS - plastic (polyurethane I believe), lost a lot of inventory in open loop as stolen pallets can be ground up and plastic sold, tried to go nationwide with no logistics, plastic needed fire retardant, which was  carcinogenic, so no good for food, some plastic needs metal to strengthen, which adds weight (Axios doesn't, composite similar to what is used in cars by Magna). iGPS may have a website, don't know if they have much business

RM2 - uses a continuous long strand fiber composite, similar to window frames, the composite boards replace wood and are literally bolted together, very heavy (80+ lbs vs Axios 47 lbs), plant was in Mississauga, technology developed by Stanley Rokicki who owns Inline Fiberglass (or kids do now). RM2 has been around for years, any revenue yet?? Financed due to big names on board

My understanding is that a few other pallets have sensors (iGPS is the only one I know), if they do, for internal use only, not to provide data to customers or protect goods being shipped (if iGPS had this it didn't use it to find their last pallets)

Please post names of other competitors if you know any.

Axios, like many early stage companies, has tweaked its business model, originally selling pallets to poolers, it decided to become a pooler itself, which is a much better business model.

Axios has a couple of years with minimal competition, a small piece of the sector will be huge, i.e. eggs need about 1MM pallets, 200MM in service in north america..

I'm long the stock.

Happy holidays and GLTA!.

[VPofFNE]

iGPS got up to 5 - 7 million pallets (depending on whom you believe), and they were turning positive EBITDA right up until they had to start accounting for pallet losses - then the financial losses soon started to mount. Pallet damages, logistics infrastructure, pallet losses and repositiioning costs ended up sinking them. The fire retardant material, deca bromine, that they used, caused more

[MishaPBJ]

All the pallets have to meet the fire/strength standards to be accepted at a DC, so they must be pretty good. iGPS went nationwide with no logistics, tough to tell what is going on as Balmoral bought them out of 363 bankruptcy (https://balmoralfunds.com/investments/#iGPS-Logistics-LLC). They have built 10MM pallets, but they don't disclose current fleet (supposedly had high pallet inv

[VPofFNE]

iGPS has hunkered down to try to milk revenues out of their remaining fleet. They did have logistics support, but not anywhere near enough. This is the part that everyone seems to underestimate.  Being accepted at Loblaws is incredibly difficult, way harder than Wal-Mart. While it's true that DC acceptance doesn't automatically mean revenue, unless you have this, you won't get

[MishaPBJ]

Agree with many of your comments. My understanding is that Loblaws is a tough client logistically to service as most of the business is east-west, ok in ON, BUT, you may still have to service coast to coast, so the logistics c/b hard and expensive; Axios focused on regional growth in USA. RM2 has spent about USD185MM, with $15MM in pallet inventory, of which $5MM is finished product