Uptrend The stock price bottomed last Oct @ 15.5 cents, since then it has been in a good uptrend. The spike in Feb of 28 cents got a little ahead of itself. Since then it has gone through a textbook consolidation phase which is very important in the building of a support base, in the 24-25 cent area. A 65 percent gain from its October lows is not too bad and a great reason for traders to sell and make their short term profit. The news from this company continues to be positive and they continue to add clients which compounds their monthy reoccuring revenue.
Looking forward to the upcoming financials to see how many units were shipped, in the past it has been a disappointment. The previous quarter was much better in that respect.
Devel: What is your reasoning for saying that they will have to dilute existing shareholders to raise more money ? The end of Q3 they had a cash balance of 3.5 million. During Q3 the had 14 new orders. In October they received $223,033 from SADI. In November 6 220 units were sold for the Fokker aircraft. Now lets not forget the 19 aircraft deal in January, the 2 aircraft the other day and the 30 from NetJets with the 1-2 million dollar infusion over the first few months of the contract. Lets here you back up your spew with some facts.......I can take the good and the bad its the ugly that I have trouble with.
Uber