RE:RE:RE:3M shares traded todayThere may well be a few late lemmings to buy into decaying news; but I'll bet you with what's gone down with shares and warrants given out that no serious instituions are in any hurrry to build a position until at/very close to REAL - BUT STILL SO LIMITED IT'S LIKELY NEGATIVE CASH FLOW FOR A LONG TIME - Lockheed contract. EVEN IF they were installing these on ALL F-35's a whopping 34 in the next 12 months is nothing to wet pants about.
It likely won't be until a ways into program/alloy experience before they'd change ANYTHING material. What is this - like 5 yrs behind and 70% over budget? You think they want to go on a limb and start redoing assembly jigs when the record is so bad, and the benefit major marginal unless it was some big item - there again, woudl they blow time and the bduget - and risk their butt over that? Maybe for whomever buys this dying kitten for a lark would. I bet it's too far gone to have anyone but vultures pick them off. (There again - why waste the $ and dilution SHOWING stupidity with way too early IR contract? Will not look good to serious money IMHO.) Wish it was different - I've wanted to own it - but won't until the revenue to risk ratio clarifies beyound a knief edge (and a happy to dilute mg't).
BTW, 3 mil shs is not a low float unless you live in Australia!