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I don't see that happening. A PR goes out all across the wires, an SBIR release is only read by those who follow them, which is a limited amount of investors.
Yes, it will garner more interest, but only up to a point. Until aftc moves up their OTC listing, and starts releasing official PR's, the pps will see only minimal gains.
My opinion also. One or two detailed PR's to update their position. But even that is a stretch for AFT. The sting of pinkies is still in their mouth. Not sure if they will ever recover from it.
"They seem to be clearly moving toward a place where they can sequentialy and with some regularity share the information going forward."
And that's a very important issue. When aftc can publicaly put out statements confirming these contracts.
"Im reading the update and it appears there is aan Army contract that will be signed on Dec 31st..but they also mention that they secured a contract as a subcontractoe for the JP-8... That sounds like a signed deal..but no details have been provided as yet."
This is the contract I was alluding to. It's the JP-8 pump(redsigned Bosch pump). So that would be a completed Phase II?
I knew they had a couple Phase II contracts that were due for completion in 2013. But in the website update it was stated that one contract had already been completed and signed by Jim, and the other had to be resubmitted(for 12/31/13).
So you're saying the common rail pump is this end-of-year contract. So what was the one Jim had already negotiated? Are both ready for Phase III evaluation?
Happy Holidays to all. 2014 will be the year aftc makes their mark.
Interesting....
Give a man a fish, you feed him for a day. Teach a man to fish, and he spends the day sitting in his boat drinking beer. :)
Been in this stock for a good 4 years(adding year by year). It's a great sub-penny investment, the key word is investment.
In the past years flippers and shorters took their toll, and as a result the CEO decided to put the stock on the back burner and focus on R/D engineering contracts. Can't blame him for that.
I don't see any immediate change in that policy, so we may have to wait for real production contracts before aftc throws it into high gear. But for now, the website update means they're still alive and kicking.
Some questions regarding the recent update.
"The army contract that was to be completed August 31st had to be reapproved and extended upon Jim’s death. This contract will now be completed on December 31st."
Which SBIR contract is this?
"We also secured a contract that Jim negotiated before his death. It involves modification of a pump that uses JP-8 fuel for the military. We are a subcontractor in this project. We have been very successful in this endeavor and have been awarded additional work."
Is this a Phase 1, 2 or 3 contract, and why are they listed as a subcontractor?
Yes, lot's of potential. But those are future projects for aftc. Which means, who will take the reins to see them through?
After reading many posts here for a few months, I get the feeling that some do not appreciate the volume of Jim's 40+ years experience in this field.
He was a specialist in diesel engineering and DME applications. You can't just put an ad on Craig's List and find a replacement.
If the company is to continue, they will have to bring in someone with a background in this type of work.
Correction understood. But the poster I replied to has no knowledge of the scope of this. It may well even extend over to other NATO militaries who use JP-8 as their standard fuel.
Anyone who thinks this is small potatoes should stick to playing lotto.
http://en.wikipedia.org/wiki/JP-8
If they have signed a contract with a particular company or agency, that 'condfidential clause' applies to that contract only, not everything they have going on.
Aftc has stayed under the radar due to JM's policy. And that is the course they are still on. I'm not sure if we will ever see a change in that. Jim had a very negative attitude regarding aftc stock.
Just some random thoughts. Since Kathy does not have the experience to run the company, either she will bring in a new CEO(might already have), or sell the whole operation. Much of that depends on Jim's final wishes. But for now.....we wait.
I just hope I live long enough to see it.
Army looking to buy 55,000 JP-8 compatible fuel pumps up front as current replacement and inventory stock.
So...., any idea on the price tag per pump? Keeping in mind, these are not your standard Bosch over-the-counter diesel pumps.
I think the passing of JM had more impact on the PPS thsn the annual share price.
His position was current deals. Future contracts don't ad up.
What is being worked out I put my monwy.
Eureka.....we've struck GOLD!!! Or, per aftc, we have a phone #.
My concerns are that how many more months/years will they keep flying under the radar.....?
All I'm saying is under their current policy, being awarded an SBIR Phase 3 will not have much of an impact on the stock. Without an official PR, and being located at the near bottom OTC tier, I don't see it going over .02, if that.
However, AFTC has more than one oar in the water, and anything is possible with their DME products.
I've been in this stock over 4 years, and will be happy to wait another year if that's what it takes.
Give me a little credit, and I'll give you some. So let's split it.
Does the ghost of Jim McCandless still rule AFTC? A Phase 3 award goes under the radar? Navy Seal Stealth program?
There are so many questions.
To sum up....When does the Company admit they have a deal? After Bosch makes an offer?
And are there other potential deals with big DME players?
Don't expect too much if AFTC....
Is awarded a Phase III deal. It's not a money contract.
Second, AFTC does not issue PR's.
Third, they are listed on OTC with a big red stop sign. Which tells investors to...HIT THE BRAKES!!!!
Well I don't know a whole lot about inter-galatic time travel, but I do know a little about people.
The pinkie stock experience left a sour taste in JM's mouth.
Yes, that was about three years ago. I think the explanation was that it was not a field AFT specialized in.
And fortunately, AFT has an employee who is fluent in Chinese. I don't think it would be out of line for AFT to use that as an advantage.
Thanks for enlightening me.
I'll agree with Kathy handling the short term, already-in-place deals. But what about future prodjects? These may be more involved than even Ken Duryan is schooled in.
Assuming that just anyone can fill Jim McCandless's shoes is a bit wacky.
Which brings up the question of who AFT will look for as the new CEO? Jim was well known and respected in the DME community. So I doubt they will find anyone of that caliber for this young and growing company.
Jim also had an extensive background in this field, and yet was taking a deferred salary. A new CEO will want full pay. This will be a tall order to fill.
What I like about AFTC is the diversity of their research products and area's of focus.
The Army contracts would be huge, but other DME commercial possibilities and even future military applications need to be considered.
I've followed enough rabbits to fill 100 acres. I hope Mati is not rabbit 1002.
But as long as they are CE, they don't have to disclose anything. We're into 8 months on this, yet nothing has surfaced yet. Is Mati even still involved?
That's true. PR wise, this stock is a ghost. And yet it has come from .000 to a solid .00 without any news. Imagine where it's going when they release contract info. That's why I'm content with my current position. Very content.
There is more, and don't call me Shirley.
"If there was more there than JIM ,shirley one would of heard something now"
Small company, yes(it's a sub-penny). Being an R/D firm listed on the OTC as STOP, they are not required by SEC rules to disclose contracts and deals. Add to that certain contracts have a confidential clause that prohibits them from any PR's.
That's an interesting prospect considering all of Bosch's fuel pumps are going to be replaced by a JP-8 compatible pump by the Army on their new Navistar engines.
But Jim was more than just a typical CEO. He was the founder of AFTC, and the one dealing personally with their business contacts. Having said that, I think he would have made arrangements within his company once he realized the seriousness of his illness.
His right hand man, Ken Duryn, is obviously involved in all aspects of their engineering, product development, etc. Jim once called him their 'inhouse wizard'.
But that means they would need to bring in a new CEO to take over Jim's position. Perhaps we may hear something in the coming weeks/months.
Yes, he was 'scheduled' to give a presentation, but did he? Do we have any verification? A transcript, video, photos, anything? There's nothing on their website.
There is no mention of any of this news on the AFTC website. But then it has not been updated for almost two years. And if Jim has passed on that means he was not in attendence at the DME conference in Ann Arbor recently.
And so where was this in the local obituaries? Buried on page 9 of the food section under salsa grilled chicken?
"Say it ain't so, Joe." Sounds like a rival competitor want's to sink AFTC. I ain't buyin it. This would be well known news two months ago.
I don't see it dropping back like before. AFTC is drawing attention from investors in the biofuel market, without any PR's.
And the Army contract looming on the horizen is also pushing the PPS. So when they start issuing PR's it will be concerning serious contracts. That will drive the stock up into major pennies.
One year from now PPS will be an investors dream. Big money players will be jumping on board. This stock is so far under the radar brokers will be scratching their heads.
Well then put your money where your mouth is, and short the hell out of this stock. Short it like it's dead in the water.