insighter, I agree with all of that! Except, it has been almost 3 months since the sale but only several weeks since the letter.
In the letter, "...updated business case document for viable military and commercial applications by end of the third quarter 2014 that will further clarify and focus our on-going sales efforts for the Argus One."
After reading that, and the part about the fourth quarter ("...By fourth quarter this year, we believe the academic team of the Consortium should be on-line with at least one or more major university research departments committed to contributing to the project. Various tests and flight demonstrations will likely continue through 2014."), I basically am forgetting about this company for the most until then, or until when, some (not piddly) progress is made in any category.
Let's see what if anything the SHM brings in terms of real communication/substance.