This morning, LOOPShare announced that they are acquiring Scoot-E from Raytroniks. This company is owned by Ray J, who is one of the biggest influencers in Hollywood.
This is a sophisticated and strategic move by LOOP’s management team. For one, he is a trend-setter, but he is also a savvy businessman with a passion for micro-mobility, the industry that Loop Scooters are part of.
These gains are huge, but the company is still tiny in all regards, with a market cap of less than USD$10M, compared with competitors that are valued anywhere from USD$80M to $1B.
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Here are some key stats, straight from the source:
- Loop Scooters have a 3-4 year lifespan and are projected to generate a substantial ROI, on a case by case basis.
Each scooter is designed to break-in after only nine months!
- The company is planning an ambitious expansion plan and currently has NO DEBT.
- Using its dashboard, a 7-inch screen, it will potentially get into other revenue streams, such as ads.
Remember, in rough economic times, this is precisely what urban commuters need – a cost-effective way to get around town, and with celebrity endorsements and TV exposure, this could be as big as Dr. Dre’s BEATS headphone business, which was sold to Apple.
We already know Ford Motors acquired an electric bikes company for $80M. We know that Carl Icahn, the second richest investor ever, has made significant investments into Lyft. Ride-sharing is big business, as transportation is getting revolutionized.
The company’s current valuation, even with today’s spike, is a drop in the ocean, compared to its enormous potential.
We’ll publish more information about Ray J’s involvement, as details surface. This is a HUGE day for us.
Research Partner, PortfolioWealthGlobal.com
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