The Drone Delivery Corp (FLT) IPO Raises Red Flags
The miniaturization of drones has been enabled by the rapidly decreasing cost of batteries, small sensors that can detect obstacles, and an increasing acceptance and trust in automated vehicles. This has led to the emergence of “drone delivery” solutions. We’ve looked at air drones that deliver medicines in Africa, larger drones that want to transport people, and even ground-based delivery drones to deliver goods. When all the hype surrounding the potential of drone delivery catches the eye of investors, it also catches the eye of people who want to provide retail investors with a way to invest their hard-earned cash in a “drone delivery venture”. Here’s one Canadian company in this space that recently began trading.
About Drone Delivery Corp
Just last week, Drone Delivery Corp (CNSX:FLT) began trading on the Canadian Securities Exchange (CSE) through a reverse merger of sorts that separates the company into two subsidiaries; Drone Delivery Canada Inc. and Asher Resources. Now the Asher Resources subsidiary has some mining claims but we don’t care about any of that. The name “Drone Delivery Canada Corp.” implies that we’re going to get exposure to “drone delivery” technology by investing in this company so that’s what we’re here for. It
