⚠️word of warning for newbies⚠️8 Apr 2024 15:41
Why do you think the main investor, 5G Innovation Leaders Fund, offloaded all their holdings in this company? My guess is they believe the company has limited prospects due to two factors:
Unpaid contracts with Chinese and Indian buyers: It seems that Chinese and Indian buyers haven't paid for their contracts, potentially because a Chinese company copied the product's intellectual property (IP) and is now manufacturing it in China, undercutting the original company's offering.
Geopolitical concerns: The close alliance between China and India with Russia could further complicate the company's operations and business prospects.
Furthermore, the company is reportedly burning through £300,000 per month, with no clear path to profitability in sight. This financial situation casts further doubt on its long-term viability.