RE:RE:RE:Where is the RISK?ctblizzard wrote: Well I figured you did not want to hear from me LOL But since you asked twice.
First let me say, I hope you make a boatload of money here. Like you i want this to go up.
But there are plenty of risks
1- Show me the money. Some 9 months from the award date, some 6 months from the first expected closing date and some 2 months from the execution there is still no money.
2- The Congo is a corrupt country. Perhaps moving in the right direction but headed for a leadership change if you follow the news.
3- The financing clock started ticking sometime in february people feel, so that leaves til mid may. What happens if Aeromap does not get the financing in time? More extensions?
4- The company bleeds cash and has no cash. The waiting period is almost putting them out of business
5- We do not know the capital structure that will be present when the royalty is worked out.
6- I like Russians, but no one can tell me that doing a deal with a Russian dealer/prime is more secure or easier than with the once speculated USAID, or UN or a US contractor.
7- What about the fact that a framework to charge fees to help pay for this project may or may not have been set up yet? Does anyone even know?
Just 6 months or so ago this stock was twice current levels, yet now we have an executed contract and know the parties involved. We have seen huge selling from institutional investors and everyone and their cousin is invested and talking like they are groupies for a teen band on the boards.
Bottom line. The money needs to come in and before Mid-May. If its on its way the company will probably already have a capital structure change in mind and it woud be best to announce it along with the down payment. That will put this on a trajectory upwards.
It would be to everyone's benefit to have that royalty workout be between 5-10 million shares.
Last risk factor. If the stock was worth 2.00 it would be selling close to it. Signs are someone knows more than we do.
With regard to the highlted red above, the fact that you constantly mention this, and preface it with "I like Russians, but..." pretty much screams that you don't really like Russians. Frankly, I think you are so hung up on your dislike for Russians that it clouds your judgement. USAID or any other US Contractor didn't ink the deal, AirMap did. They did what the others didn't do (choose Intermap) and those pushing the buttons at AirMap have a proven track record in developing countries. Todd desfribed them as the "project manager". However, there are so many other entities involved including, IGN, UN, World bank, that I am not too worried about those Russians being able to come up with the financing.
Other than that, some of the risks you mentioned are valid.