RE: Answers
Many thanks gentlemen and/or ladies for your generous and thoughtful responses. Many insightful observations/ comments and facts....far more civil and enlightening than those occasional mud fights you were having.
To the kind soul who admonished me about making decisions based on questions/answers on these boards....allow me to assure you that I find all these boards both interesting and entertaining. They are a repository of fact and fiction, conceit and contempt, and frequently outright misrepresentation....some deliberate, but often times perpetrated by ill-informed individuals who have a soapbox and are determined to use it. Rest assured my investment or 'gambling' decisions would not be swayed one way or another.....that is partly why I fail to see the total distress when a fellow poster offers a counter opinion. Debate or disregard him if you will...but keep it civil... all the while realizing that he's influencing no one to any greater extent than you believe you are.
Allow me to assure you that I'm not against the stock....I wouldn't be here if I had totally discounted it. I have some background on which to base my interest and questions.
I know that the data transmission technology has merit...it's not totally new....it's the satellite communication feature that brings it to the forefront....as well as introducing it to lower tier operators who have not sought out such technology to date. I'm puzzled that so many of the contract clients remain unnamed. I'm not sure that it's at all clear how the revenue stream can be determined finitely since the company is very unclear as to how much data transmission each operator will sign on for... it is acknowledged as a user pay system. I do believe it's becoming very much a 'show-me' situation.....they've put out a lot of interesting numbers but they've a ways to go to get the advertised potential installations in place. Dealing in the Chinese market can be complex...as they've already discovered....I'd like to see some further indication that the approvals and subsequent installations are actually in place.
The partnership with Meggitt is a plus....I doubt that they would have signed on if it had limited or questionable potential....but it is still a business arrangement whereby Meggitt seeks primarily to expand its own interests.
The involvement of the Howard Group is moot...they have invested in it but are paid $6,000 per month to promote it.
Jacques Kafavian is in my mind neither a plus nor minus...he's paid as an analyst...his record, for those who have followed him, is average at best. But....he does work for Research Capital who just took back the bought deal at a dollar a share....so it shouldn't be surprising that his public opinion would be strongly in favor. As was pointed out ...a 'bought' deal can be risky for the underwriter.....but Research retailed most of it to a ready list of clients and were handsomely rewarded to the tune of $360,000.00 plus 315,000 18 month options at $1.00. I'm sure they'd like to eventually see those options in the money....but they have the cash in hand already.
When it comes to share price...and that's really the lifeblood of this whole discussion.....I think the price got ahead of itself as the stock was recently talked up in the public arena. I merely view it now as being at a far more realistic level. I would expect that, given the realities of the situation and the rather tenuous overall market....the share price may well continue to trade in approx. the .75-1.00 range while seeking a base. I'm not sure that there's a catalyst that will alter that reality in the short term....so I'll watch with interest. Break it to the upside with significant news and sustained trading and I'll revisit my process.....it's all about thinking and guessing and we're all doing our best...that's why there are buyers and sellers.
Nothing I've said is meant to be negative.....that's merely my take and what my sense of reality tells me at this given point. Much like the rest of you.....I'm all for making money and would certainly never cheer against any of you succeeding.