RE: RTQ = $1.48 ... 90,000+shares ... get out nowJohnny boy actually AFS does have working products used in many countries throught the world as you well know and yes they are needed all over the world. The problem is until governments start legislating mandatory emmission reductions there will be no incentive to spend money on conversions or a more costly OEM Engine. This is why you haven't seen a flood of orders. Now that we are starting to see some legislation many companies will start shopping for a system. Whether or not AFS becomes the system of choice waits to be seen but no other low emmision conversion company is making huge sales either so to say AFS is not making sales so it's product is no good is the misleading statement.
Yesterday's news release was not smoke and mirrors perhaps a little void of information such as who the customer was but not smoke and mirrors. Yes the timing suggests it may have been there to support the stock price in a market that is hurting almost every stock as well right now but this is just prudent management.
As far as the private placement goes I just talked to Acumen Capital and they said the PP for all intent and purposes is closed. They are just dotting the eyes and crossing the T's.