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June 15, 2018

Comments

Bruce Dickinson

Folks, let's just say that a few pitch books come across the desk of Dickinson several times a year, given my expanding portfolio of assets. It's interesting to note, for an undisclosed company's pitch book that yours truly has examined, that revenue per scooter ends up being about $20 a day, so with costs of up to $15 a day before depreciating the cost of trucks and batteries that have to be replaced is what one would call "no great shakes".

You're talking about one million dollars of cash flow in a city like San Francisco for 1000+ scooters, even before all the regulations will come clamping down. Cities are going to be putting big limits on these scooters and what happens when you have a bunch of competitors with a commodity product or service? Prices go down.

Bottom line: this bubble needs to POP!

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