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Robbo24;497853. You are a bit behind the times. I'd have thought you would have reminded us of the high net worth capital raising sucess. Good to see their money going to flash new premises and the stereotypical blond on reception.
Anyway, if you track this company you'll see their annual "about to launch ipo" reports. Remember August last year? If not, then that was about an ipo on the nzX. Go back on this thread for earlier announcements.
You can also see they were saying they could manufacture 500 units a year from their Woolston factory. But no. Let's spend the loot on something flash in wigram. Apart from a gantry crane seems like little plant or racking there yet in preparation of their 2015 manufacturing vision
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Originally Posted by minimoke
Robbo24;497853. You are a bit behind the times. I'd have thought you would have reminded us of the high net worth capital raising sucess. Good to see their money going to flash new premises and the stereotypical blond on reception.
Anyway, if you track this company you'll see their annual "about to launch ipo" reports. Remember August last year? If not, then that was about an ipo on the nzX. Go back on this thread for earlier announcements.
You can also see they were saying they could manufacture 500 units a year from their Woolston factory. But no. Let's spend the loot on something flash in wigram. Apart from a gantry crane seems like little plant or racking there yet in preparation of their 2015 manufacturing vision
Not sure how to respond...
"A brilliant analysis, thank you for sharing?"
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Originally Posted by robbo24
Not sure how to respond...
"A brilliant analysis, thank you for sharing?"
no response required. History says you'll be having exactly the same conversation in a years time.
But in case confusion remains this idea has a very long history of possive progress ahead but remains consistent in its failure to deliver.
All that is happening is a few big noters throwing in a few bucks and Glenn is going from a back shed to a garage to a bigger shed in Woolston and now an even bigger shed in wigram. Sales are not increasing at the same rate of shed size.
Did you ask Michael speck and james bowket why they saw no future in Martin AC?
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That makes sense. Much better to have someone on the front desk to handle all those walk in sales enquiries than have any manufacturing plant or assembly equipment in the shed.
They must be very busy to have an administration person! I hear it takes a bit to organise cleaners, a gardener, critical supplies like smoko coffee and to keep the board room tidy.
Good to see after 33 years in development Glenn now needs an administrator. Like the cheese ad "good things take time"
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Originally Posted by minimoke
That makes sense. Much better to have someone on the front desk to handle all those walk in sales enquiries than have any manufacturing plant or assembly equipment in the shed.
Lets just hope those walk in sales dont look out the back as they may realize that delivery is a bit further away than promised.
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Well more disappointment. In the Feb 2014 investor document martin reckons on the release of the first commercial jetpack in 2014.
In the prospetcus released today to Australians for an ipo they now reckon to deliver first jetpack in 2016.
Goes to show the importance of doing your own research and seeing if any promises are actually delivered on.
No wonder this is a " specurative" punt.
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