RE:What's Happening?!!!My guess is, it's probably because of delays on a number of fronts. .
If you read the Q1 2023 Investor Presentation, you will notice:
- the multi-threat military building panels expected launch was to be at the end of 2022, but the new expected launch date is now mid-2023
- Alucoil sandwich panels commercial launch has been pushed back to early 2024.
- Automotive - The decision date for automotive part #1 from the OEM was March, so does that mean they decided to not proceed? Or, is it still in play ,but delayed? below is an excerpt from Cymat'sr 2nd quarter results released on Jan 03, 2023 in case you missed it . .
" Michael Liik, CEO and Chairman stated that "We are anticipating increased sales activity in both our architectural and military product lines in the two remaining quarters of our fiscal year." He further added "As well, by March 2023, we expect a final decision from our automotive OEM customer on whether it will incorporate our SmartMetal components on two of the car manufacturer's EV platforms."
To obtain a copy of Cymat's most recent Investor presentation, you should contact Cymat or Neil Simon from Investor Cubed.
So, the many/constant delays and lack of any meaninful news could be the reason for the stock price decline.
Also, the warrants being re-priced didn't help things and one could assume they are scrambling/desperate for monies. . . Is the money needed to simply keep the lights on? Or, do they need monies to satisfy a requirement to close a deal? Regardless, I would expect/hope they send out a news release this upcoming week with an update on their warrant/financing efforts.
GLTA