Very thin ask Selling appears to have dried up. Bids building late last week.
We expect this quiet period to conclude shortly. Summer vacay all done. Testing and product developennt takes time. But have to think fleet co update is close. Like getting a permit to drill the hole, initialization of testing is our drill hole program starting. It will then take just a few months to test and start to present the data.
Soon I think we will find out how motivated fleet co is to solve their issue. I'm told their current annualized loss from theft exceeds eight figures annually.
If $athr successfully demonstrates their catalyst for the fleet co's trucks work, the fleet co will become a customer instantly and use the tech as an aftermarket swap out. All 180,000 units worth.
$10B+ market cap companies are not often cash poor. Don't be surprised if we see Fleet co take a bite out of the stock here soon. At this market cap and with how thin the stock is on the ask. Any involvement with a player of their size could catapult us to all time high levels. Perhaps $1.00+.
I highly expect Fleet co to start buying stock before they give the company permission to jointly issue a press release. When that day comes. This penny stock is going to be mentioned in the news of a Nasdaq blue chip. Stocks like that don't trade for a dime. They trade for dollars. With success this is what I see happening.
Also if investors calculate the small motors data where these converting Nox/Pm2.5 at 97%. It's a solid indicator that what they have could extremely close to be automotive ready. The company downplays this in the recent monthly update, but I think that's a headfake. If they can deliver a number like that mower data in fleet co testing. We have a winner. If they can do it for fleet co, they may be able to accomplish it for others.
Fact is by 2025 the catalytic converters market will reach $73.1B annually according to economists, up from $42.4B in 2018. Currently prices are 30% up form this report and demand is as well. It is likely $60B in catalyst will be sold in 2022.
Due to the nature of this invention eliminating a crime and cleaning the air, although this invention is extremely low cost ath the production level with just $25$-50 in raw unit material. This invention will sell at competitive prices in the current market to the PGM units that are at risk for theft.
This means a market can support $500-$2000 as wholesale unit costs. Range depends on size and design/placement.
180,000 is fleet CXO's size. A 180,0000 unit order for wholesale at $1000/unit all in pre tax profit is $180,000,000 in a lump sum. $3.70 share price at 1x profit. Now imagine they start inking mower companies and automotive. With a half dozen serious clients these guys could turn this product into billions annually in a market this size with a competitive breakthrough. That's the kind of blue sky potential that is for me! The kind that takes one stroke of a pen to make a company go from zero to hero. Will continue to add here.
Full disclosure - Shareholder