RE:Today's PR
I bet the AGM was very positive Piker. Big plans putting everybody's mind at ease. I had expected a big price jump today, imagine my surprise when it got down to .13. At first I thought this was a good announcement, but IMO it's more fluff. Here's why. Back in the Astrium days SNA built 15 second generation units of which Astrium bought one. Over the years SNA managed to install two test units, one on a Lear jet and one apparently with this new VVIP carrier. I could be out by one unit or what happened to it but bascially four or five units left the nest. Along comes BIG Data, a new start up announcing they're buying 10 units which basically would cover all the outdated and depreciated inventory valued at $600k based on "list price". I'm guessing that's another way of saying that they didn't pay anywhere near that price. IMO it doesn't appear from the announcement that there actually is a new customer, no discussion of recurring revenue, no aircraft type or STC requirements. Very odd. Only that BDA put down a deposit. Of course it's possible that they're well connected with a particular carrier but as we've seen from both companies with high quality sales teams it's not easy to sign a deal. Somethings off here,,,I have a number of other thoughts to share but I'll save them for another time. GLTA