RE:these prices are such a giftMenace11, you should back up your investing actions with proper due diligence and relevant market factors. Just saying youre increasing your position becasue its a good price doesnt really offer any value to the board.
Ive been reading through the MD&A for UAV and some peices of information may help your investing activities:
1. One of the reasons the price may be so low, is because the newly produced financial statmeents are UNAUDITED. There is no indication of gross margin, no comparability and no assurance thatt here are no errors (Even though we can assume they report properly due to the CFO being a CA,CPA, etc...)
2. The good news follows in (some of) the paragraphs after the heading "
Unmanned Aerial Vehicle Sector Activities": "Moving forward, the Issuer will be reporting Pioneer Aerial's revenue on a quarterly basis with those results supported by the Company’s financial statements. The Issuer’s second quarter financials will be the first financials that contain revenues and they will be filed at the end of June, 2017."
"Since the successful launch of Pioneer Aerial’s partnership with Abitibi Geophysics, Pioneer Aerial has received a significant boost in new client leads, which has resulted in a large number of quoted surveys, and multiple signed survey contracts in within Canada and internationally that are scheduled to be completed in the coming weeks."
"High Eye has been busy preparing for the coming season and has added to the range of surveys that it can provide – this now includes LiDAR (Light Detection and Ranging). As part of High Eye’s ongoing expansion plans, they are in the process of applying with Transport Canada for Special Flight Operations Certificates (SFOC’s) covering the rest of Canada. In addition, High Eye has several contracts that will be completed in the coming weeks."
Given the information I stated above, I'd say that buying UAV at this price (0.08) is a good decision. Will the price go lower? possibily... Will it go higher? Most likely! (Eventually...)
Have a great day.
Do your Due Diligence AND POST IT!