Add: I also find FMK's numbers compelling.
Sometimes he gets a bit carried away, and
i think it might take 1-2 years before all
the joint venture revenue streams kick in,
but FMK has done his homework and has strong
professional background in mfg engineering.
I have found much corroberating evidence
including the statement Lev Dawson bit his
tongue as soon as he made about possible
cash-basis break even on 1800 units.
What I have heard from various sources lead me
to believe that financing will not be very
dilutive. The CC deal was execellent and CC had
access to the exact status of the product, with the
$$ to pay for all the DD they needed to decide to
invest a total of $15M. They are even closer to
full production mode now, so i doubt the financing will
in future will be under any worse terms.
Of course naysayers will continue to interpret the
financing in the most negative light, probably citing
imminent bankrupcy even after P.O.'s are reported.
The reality has been far different.
I also expect a contract to be announced before the
end of this quarter, or early next quarter, and
I also agree that the stock now, before a contract,
is much cheaper than it will be after a contract
has been announced.
As for the lack of spending on sales personel, that issue
was raised at the last cc. Lev stated that he would like to
hire a Sales VP (obviously getting the new CFO on board is
a much bigger priority), but that they don't need much
sales manpower because they deal with a small number of
customers who will be buying in large volume.
I will be very surprised if they deal in contracts under
$20MM.
Still, until customers are actually announced,
this is obviously not a risk free investment.
You seem to have traded the stock very well.
Good luck with your investment!
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