Jetpack set for ASX listing . . .

[Pedota]

As reported in The Age, this could be an interesting development in recreational aviation . . . they are expected to retail at around $200,000 - see Jetpack IPO set for lift-off with China backer

[Sunfish]

Good luck with that. I'm not sure which is the biggest risk:

- Technical risk of the product.

- Having a Chinese major shareholder.

- Starting a joint venture in China.

- Having the major shareholder arrange debt funding.

Chances of an Australian muppet shareholder ever seeing a dividend? - Zero.

Chances of the Chinese investor obtaining 100% ownership after the company runs out of money? About 90%.

[Pedota]

Couldn't agree more, Sunfish. And I also think that rapid development in drone technology has taken away much of their potential market, for example, of working with emergency services and conducting inspections.

[Andy_RR]

Not if the Captain Ludd and his compatriots have their way

[Pedota]

Martin Aircraft IPO . . .

According to this article they 'raised' $100m on debut . . .

Glenn Martin's jetpack dream achieves lift-off as Martin Aircraft IPO rises on debut

[Tankengine]

I wonder just how much of that $100M the management can siphon off in consultancy and management fees before they go bust!

[Stationair8]

Massive jump on the sharemarket yesterday, up over 124% for the day.

[Cirronimbus]

Can't wait to see how CASA will regulate the use of these things.

Not sure about strapping a Chinese-made jetpack on though. If the quality of the utes are anything to go by, CASA will be too busy to worry about real aircraft!