As for experiencing IPO, no. But choosing this Jet**** for your first IPO, certaintly was. But who knows really, so GL still.
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I glance over my previous posts in this thread and the other one will give you a clue. I love ipo's from a stag perspective where demand outstrips supply. BAR you and a few others there is little dermand - so little the price was reduced 20%. The only other reason to get in at ipo is capital gain. Why not wait a bit to see how the price settles?. The other problem I see is liquidity no demand for shares at ipo suggests little demand post ipo - unless the price collapse in which case why would you try to catch a falling knife. No dermand means you can't offload easily. The final reason is in the prospectus - words to the effect this is a very high risk punt.
ditto...I for one appreciate that you bothered to reply mini...me hopes that RGR appreciates same..cheers
There's a lot of risk involved with this one, it's highly speculative and there's a good chance the shares will moved significantly from its IPO price. The managements have a track records of missed deadlines, and the products are expensive while the cash burning rate is very fast.
Be careful with the risks.
The proliferation and advancement in drone technology has buggered this company before it starts, IMHO
having lived through them I tend to use the christchurch earthquakes as a benchmark for assessing the mjp as a first responder. I am at a loss to work out how a mjp would have added anything extra to the situations. Indeed I would go as far as saying they would have made matterrs worse. My heart still skips whenever I hear a helicopter overhead. I can't imagine the additionAl stress the added noise of a mjp overhead would have added - it would be a lot more.
Which brings me back to drones. It was a drone that entered the damaged cathedrAl and basilica. It was a drone that surveyed port hill properties and drones are assisting with demolitions. A much safer and cheaper option than a mjp and arguably just as effective.
I do think they have a market for people like Kim Dotcom, but that alone might be too small, and too late. It looks like late 2016 before they could have anything ready, and by then, the chance of alternative products in the market will be greater and greater.
KCS shares also in a massive bubble and is bursting, the longer this IPO drags on the worse it will be for MJP. They need to move fast and get the units developed and built.