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Technology Stocks : Groen Brothers Aviation (GNBA)

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To: The Prophet who wrote (22)6/4/1999 2:22:00 PM
From: Micropicker  Read Replies (1) of 83
 
Someone's interested today.

Looks like some buying interest today. It seems that the electrical and electronics gear are in the first bird--this is a big step. It looks like the blades are ready, so about the only big thing left is on the engine/fuel side. I'm more optimistic that the bird could be in the air at Oshkosh.

There are somewhere between 40-50 million shares out on GNBA. I think that a $200 million market cap ($5?) is reasonable when the bird is flying. Once final FAA certification takes place (a year away), then a market cap of $1 billion is not out of line. With the China deal in place, and with lots of other immediate interest, the first few thousand of these things are already sold!
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