RE:RE:News
Sorry gyuys, this is no bad news, but a trading halt for possibly 1.125 millions contract for lord knows when!!
"Upon the successful completion of the pilot program, FOX-TEK will enter into a definitive licensing agreement with Mitsubishi for its DMAT software solution. The approximate value of the licensing agreement will be USD$1,250,000 over the term of the agreement. The terms of the licensing agreement will be agreed to by the parties upon the completion of the pilot program."
Do we have any idea how long a pilot program can last...could be years!
As well forget that .30$ share...they would need about 400 to 500 of those contracts in the next couple of years to attain a 70 million cap.A million$ contract does not does notting for your cap...the profit will, and you don't make profit on all contracts...I work construction for large co all my life a lost can easily happen when your trying to be competetive
Anyway GLTA
Andre