Ask empty Late this week at one point a $6,000 market buy would take this to $0.195.
This stock has been in an R&D agreement with a $10B Nasdaq Fleet Co. For about a year. They've provided very little updates on activity.
Aether said the demands of the customer were new to them. Previously their catalyst products focused on automotive and small motors. Which produce less harmful gas than a large container truck just in terms of sheer volume. Gasses themselves are the same. So this product had to be invented.
Have to think an update on this program could come very soon. Also being October, grass cutting season in most of Canada is over. Should have a full season of data on the fifth iteration commercial riding mower catalyst.
Globally 5.1M Riding lawnmowers are purchased annually. One in five Canadians use electric lawn equipment, still 80% of the homeown population uses gas powered lawn equipmebt. Riding mower market is likely over 90% gas to electric in terms of market share.
Aether can make a $150 net profit catalyst for the mower market. $200 product, $50 all in costs. 5.1m units x $150 is $765M CAD per year for just the existing riding mower market alone. Keep in mind we're talking riding mowers. The push mower unit would be priced lower, as it can be smaller.
Fleet co has 180,000 trucks. The part becomes more larger and thus would cost more. Say $500/unit wholesale for $250 per unit profit. Which beats competitors by approx $500/unit and gives the vehicle an anti-theft device. That's $45M for the change over of an entire fleet. Due to high miles, fleet CO's change 3-4 catalysts in their ownership of a truck for a 15 year period on average. 4x$45M/15 = $12M/yesr annual profit from this one client alone.
This is trading at a $4m market cap, and if mandate comes for gas mower industry to clean up or get out, then overnight that could make $athr a billion dollar company. Sounds crazy. But what if there is mass market adaption due to North American or European clean air regulation. It's possible
Also company told me they are researching an oil and gas refining catalyst. Could have a new invention cooking and the energy industry is where a lot of money is flowing these days.
I think the bottom is in and $athr's market has a good chance to close the gap back to $0.20+ soon. With how thin the market is. $0.30+ wouldn't surprise me.