Catch the Wind Ltd V.CTW

jacobsecurities highlight on ctw

[powerhour]

thanks for the link smigel, heres what stood out. other than the 0.70 price target

Customers: The company is in regular contact with existing customers and prospective
customers. The company seems to at or near full strength from a personnel stand point in its
sales and marketing efforts. It also expect the expected large follow-on orders with BP and enXco to be on schedule for around the end of 2011/beginning of 2012.

Shipments: Vindicators are shipping this quarter from existing completed and work-in-process
inventory that was received from OADS. Between $1.2-$1.3 million in product is expected to ship
in Q4/2011. However, due to how the contracts are structured for these shipments, the majority of
revenue from this product will be recognized in Q1/2012.