I think that TEXN will be valued between $5-10 by the closing bell tomorrow. Let's see if the MM's can keep this stock down...LOL.
Target: $5-10 this week, short-term (3 months) $15-20, and long-term: over $25 -- based on current management's awesome performance, they are not just concentrating on the sea patch, but all divisions.
Regards
Cory
The following excerpt was taken from a post on the Raging Bull...I think it has merit. Read and cheer...Go TEXN!!!
The Sea Patch looks fantastic, but don't forget that TEXN has other things in the pot as well, five divisions in total that add up to one heck of a package.
(1) Trident Technologies (Sea Patch), (2) Trading Partners International ( Tire Sealer ), (3) Innovative Weaponry ( Night-Day sights and scopes), (4) Close Quarters Body Armor ( body armor ) and (5) Griffon, USA.
As we know, major news is expected soon for the Sea Patch, especially following today's hugely succesful demonstration for the U.S. DOT, Exxon and others.
BigDog53 had mentioned talk of an order bordering around 50 Sea Patches for each of the DOT's 90+ vessels. Of course, it's just talk, but that's talk of 4,500 Sea Patches at around $14,000 a piece or a $63 million order! And this is for the DOT's vessels only. There have been rumors that the U.S. Coast Guard might require the Sea Patch for all vessels carrying hazardous cargo in U.S. waters. TEXN is the only company that makes the Sea Patch in the world, and it is protected by patent. What is that worth? And let's not forget about Exxon, which rumors also have it, will almost certainly buy a significant amount of Sea Patches. Other shipping companies and military organizations are looking at the Sea Patch, and one of these is the Chinese navy. BlackDog posted earlier that there are 570,000 vessels over 100 tons afloat. The commercial shipping business is a huge prospective market. Just with what we know, the Sea Patch should be a blockbuster product and by itself makes TEXN at this point easily worth $5-$10 a share, in my opinion.
Ongoing negotiations with large companies continue for TEXN's tire sealer with a deal already made with Vee Tubes in Canada for $1 million per month in sales. Further deals are rumored that will add materially to TEXN's bottom line. If TEXN can secure one or two major retailers in the near future for the tire sealer, this product could possibly bring in more money than even the Sea Patch. With the potential of the tire sealer alone, I would value TEXN in the $5 range, perhaps more.
Ongoing negotiations in divisions numbers 3 (day-night sights) and 4 (body armor) continue, with news released on Feb 14 for for division number 3, Innovative Weaponry. In that press release TEXN formed a marketing partnership with Truglow Inc., the largest distributor of fiber optic sights in the United States. Truglow's products are sold in Wal-Mart, K-Mart and Target, among other stores mentioned in the release. I think the Innovative Weaponry Division by itself makes TEXN a $2-$3 stock.
Regarding the body armor division, they have a product that is superior to any current body armor in that it is resistant to penetration by thin sharp objects such as ice picks or homemade weapons found in prisions. Such weapons defeat current body armor. Although no sales are complete yet, there are rumors that TEXN is talking with at least one large state corrections agency to supply them with body armor. Other deals are also in the works for the product.
Taking all of the divisions together, TEXN is a stock of enormous potential and is substantially undervalued at current prices. I think we are looking at a minimum $10 stock and potentially a much, much higher one.
Give TEXN some time. We'll get rich.
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