To the "thread,"
Nothing new to report on the business front...*BUT*....
The recent edition of the "Red Chip Review" carried some comments about Simula on the "Model Portfolio" page, and written by Marcus Robbins, "proprietor" of the service. I quote:
"This morning as I opened the newspaper, I spied a seemingly familiar sight--a color photo of the Simula "inflatable tubular structure" and how it works in a BMW 700 Series car. The most recent NHTSA test involving a sport utility vehicle rollover, their third, not only showed that the ITS did exactly as promised (save lives from the forces involved and also kept the passengers inside the truck, with or without the door) but it employed a new SMU sensor that activated the ITS systems upon tipping over--a first. Despite the disappointing results over the last few years, the value of SMU's safety products will be out either benefiting current management, or new players believing they can derive value more expediently for shareholders. That's the way of the public market."
Wow. That is indeed a bold prediction, but one that can not be totally ignored by *either* management or current investors. Robbins is one of Simula's biggest boosters, as the company has appeared at numerous Red Chip conferences over the past several years. If he is losing his patience and is assuming the possibility of an "unfriendly bid", that certainly speaks volumes about the current state-of-mind of the company's shareholder base.
Any comments? |
