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@aufbruch
Interesting investment decision. Obviously I don't have access to all the figures but there's nothing in their business that can't be really easily copied and the figure is nowhere near enough for those guys to go full-time, engage in serious sports equipment R&D and create a truly unique product. Seems like the valuation is too high to me.
Only way I can make it add up is that they expect something like a return of 20% on $75k over 5 years from steady shaft demand and can use various contacts to get the units cheaper. Makes it a more attractive proposition than T-Notes I guess.