RE: Crop x in the news23 Nov 2021 09:10
Hi HunkyMonkey
First post ever for me here though I have followed the stock for a while. Some background on me for context on my follow on opinion, I've spent over a decade working in tech so can talk to that side of things and therefore I'm no good at predicting short term share price moves.
That said a couple of things I wanted to share with the community:
re the new name:
"42" as many of you stated is due to the book/ film series 'a hitchhikers guide to the galaxy' where a future civilisation builds a super computer strong enough to calculate the precise meaning of life. 100 years after asking the computer the question it finishes calculating and spits out "42". Now that we have cloud computing many people joke we now have the super computer that can do this calculation, many companies therefore adopt 42 as a sort of short-hand/jargon to alert people to the concept that they are a trendy cloud company. So the new name is really "trendy jargon-trendy jargon- tracking solutions".
Re: Crop X
It seems to me that after their last round of funding and due to the pandemic they are on a competitor-acquisition spree. This could be very bad for us if they determine their acquired tech is better than their own (which it may be as acquisitions are determined by shareprice + liquidity this early in a companies lifecycle less to do with the underlying tech). So it could go either way, that said it'd surprise me if CropX retires their signature product range so quickly, more likely they will dual run two options. The below deal also doesn't surprise me as when they bought their competitor this was their major customer so it makes sense they would want to negotiate to keep the sales.
Re: the future
Looking at the current BoD and the Non-Exec they seem to have a history in developing companies and then selling them, which can be very good for us shareholders. I suspect this is what is driving the consolidation, business jargon new name, website and so forth. It very much is a B2B company. Having worked with several large multinationals I do know if they like the tech of a company this small they are more likely to buy the company and 'own' the tech (stop competitors getting it) over placing a multi million dollar orders with them.