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And we wait.....I do know I'm looking to get out and move on. I've been in this to long with no upside but even with current share price I'm still not that bad off as I was fortunate enough to be below a penny. With no volume though I feel trapped as I couldn't sell if I wanted to as it would walk down quick.
Jovah
Possible new info here
I have been sending email after email with no results. Today I finally decide to call the number in the recent PR. Rich Kaiser I believe it was. He answered immediately. I ask a couple questions about the current plan. He rattles some info off that was insignificant but then mentions that the company they are working with is based out of Poland. So that got me thinking. Did some quick DD and came up with this.
http://www.pzlmielec.pl/en/company/company-profile/
Noticed they had a single engine turbo prop called the M18
It specifically lists agriculture and forest fires.
Also it's a subsidiary of Lockheed Martin as of 2017.
Keep in mind Dr Russell has previous ties with Lockheed so it makes complete sense......
Thoughts
Jovah
Xstream
Not sure what to make of it. On one hand I can see why they dont want to move to fast as they dont have financing in place to mfg the plane.
on the other hand getting the sp up to obtain attractive financing would be beneficial.
I say its time
jovah
1.4 mil sitting on the bid for the last half of trading today.
I've never seen that on this stock. Something big is about to happen.
The chart looks very interesting if we can hold this price level today. A close above .02 would be very bullish IMO.
jovah
10Q out....nothing new except its 7 days early. Thats different. SP liked I guess. up 100%. But again no volume to speak of and new real news to drive the stock.
jovah
Something is stirring. bid/ask spread better than i have ever seen it on this stock. Its taking these little baby steps up. We may have something here if we can just get a good push
jovah
The recent sell off of a couple mil shares in the open market. That was most likely the company selling those shares. Not sure what to make of it just yet but it seems positive. I would think Dr Russel would not have done it unless it was necessary to complete this deal.After my many conversations with this man I do know financing still has to come into play to make it all happen so securing close to 100% ownership was probably a necessary means to an end. But one has to wonder why the other party would give up that ownership? Possibly Dr Russell has found a more productive partner to latch his wagon to?
JOVA
Xstream
Nothing yet
I emailed him yesterday. Im hoping for a PR before a response.
jova
Something is up. Its the weird trading before the storm possibly? yesterday proves it doesnt take much to move this up and on the same hand it will go down just as fast with no interest.
Finally Got a response....
Hello Will
Getting very concerned with the lack of forward progress being shown to the shareholders. The company has been very silent and as you know the stock price is back below .01. After all of our email exchanges it definitely lead me to believe there would have been a deal announcement by now. As a long term large shareholder I feel I deserve some sort of explanation or realistic time line so I can make an educated decision on my investment.
Dr. Russell Response:
Hi, We're at the stage where we're close to signing the Rights Acquisition Agreement with the overseas company.
My Response:
I appreciate the response but "close" is a relative term? Not really the confidence I was expecting as "close" in the past turned into months away and here we are. Being the team member so closely tied to this deal I am expecting a better degree of foresight in regards to predictions. Is there anything you can relate "close" too so I can better understand?
Dr. Russell response:
Yes. I believe we are about a month away from having the deal. There is another item that the overseas company can deal with in short order. They've already laid the ground work.
The above are copy and paste from my last four email exchanges with Dr. Russell. These were from April 26, 2019. I hope it helps everyone here. Im still holding and still believe we are close. My new timeline is by the end of Q2 2019.
goodluck
jova
Xstream
I agree with the first.
On the second if he was using the company just to get money I would think it would have a larger share auth. Say 1 billion. then off load shares at any price then rs it then do again. so I dont think its a vehicle to scam investors. I do however think this is his last opportunity as an old man to make something of his life and he intends on doing it. Its just a matter of when?
I too have tried to reach out again with no luck. My last correspondence was 2 weeks ago. I asked in a some what irritated manner when this deal is ever going to happen. He said the same ole thing. "I cant release the name just yet but its time" I then tried to email him 2 days ago to have a phone convo with no luck.
Im holding till I get some answers as the down side is somewhat nil with my entry point.
I meant the team he has assembled. sorry my bad
I too am anxious for completion/announcements. I can say I have on multiple occasions emailed Wilson. There was a time where he would get right back to me with a lot of info. Over the past 2-3 weeks he has been very tight lipped. Im not sure what it means. Hopefully he is getting pressured by board members not to provide any info at all through emails as they are hopefully close to an announcement. This could be wishful thinking on my part. At any rate I am holding tight.
xstream
No I do not think what Wilson decribes is the actuall goings on of day to day operations. I do however believe there is tremendous upside potential with the stock. I am holding trough March to see what becomes of the statements made by wilson.
hotdawg if that is the company, when we get the announcement it should be a heartattack increase in pps
Stock is still holding to above average price but activity seems to be gone. I was hoping for a slow sustainable increase in pps and volume but I guess that was wishful thinking.
We need to close above .02 today or tomo to consider this pull back as a healthy run. If not we could drift for days
Here we go, the dreaded pull back. I had a feeling this may happen. Lets hope its short term.
Maybe this could be some decent volume today! Only thing is its going the wrong way?
On a side note I got a response from Wilson. Itwas very short and seemed pressed for time. It basically reads they are passing an agreement back and forth as I speak and its right around the corner. He used the term "smooth sailing" coming up.
Does not seem like there are many shares available in the low .02
If you want them you have to pay for them.
Lack of volume is leaving me worried. Come NEIK lets move!
Good Day
Buyers at the bid all day. Not much volume which tells me its someone slowly building a position. The pull back today sets up the rest of the week nicely. We wait and see. Do we fade away again or move higher?
nice close. no volume but a .0279 buy to finish up almost 40%
New 52week high
need confirmation volume
My recent convo with Dr. Russell has been quite informative. I am getting indications that the deal is basiically there. There will be info released soon and next month is bringing investment in stock awareness program. Im holding till March for sure to see what Happens.
Today is the day for sure. We need follow through. Bid looks good and ask has inched up. Seems as if there very few shares to be bought in this range and we may skip right up to .03. If this happens watch out as any volume will skyrocket the pps. In the same token low volume at the bid will drag it down quick.
Yes Pat that could very well be the scenario that plays out. Im just happy we are above a penny.lol
Overall today was very encouraging.
We held a large percentage gain , traders will notice the big move up.
We had decent volume but not pump & dump volume so it looks like accumulation
The pullback from .026 was on very little shares sold
Last but not least we made a new 52 week high today and closed above the last 52week high of .015
All points to more upside potential.
Only negative from today is this has happened before and the stock has fizzled out to many times in the past. Lets hope this one is different
Level 2 Bid looks good still. Lets see what the end of day brings
I see resistance around .03. Can we move up to touch it with a decent pull back to .025? we shall see
If Volume increases and price holds above .025 we are in a prime position to skyrocket.
This should be no suprise. At the levels we were trading at it was only a matter of time.
There it went.....Looking great. Need to be at .025 or higher and hold.
This is going to be on alot of traders watch list for tommorrow If this percentage gain holds and we see more volume. Level 2 still looks strong
Level 2 is very interesting. Big Blocks for the first time in awhile. We are at a new 52week high as of now. Something leaked or news is about to hit. Finally!
Will this week be our break out week? We have held above a penny for a bit. Its time.
Time to load up on this IMO, only got friday to get in at great prices IMO. we see .02+ next week
Couple lines from the Q that stand out to me
"The results of operations for the six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the entire fiscal year."
We are already in the second half of the year and well into the 3rd Q. Take that statement and refer to the PR on "closing in short order" means we close this deal in the 3rd Q. Most likely within 30 days or less from now as we still need financing.
Next you have this
"Company is attempting to secure an equity financing in the short term."
to get favorable financing without diluting the heck out of the stock you will need the SP to be much higher. Keep in mind Dr Russell has managed not to dilute the stock for over 15 years given the fact he could have R/S it to death by now. With this team you can bet they will get the financing they are looking for without hurting the company or shareholders.
I feel like a new website will hit very soon as well.
Good Luck
The more I study this PR one huge thing pops out! Its an actual PR and not a website announcement. This is actually the first PR released from the company in over a year. The significance of this is huge. It is definitely the start of a real sustained run. No more drifting from here. Big Gains can be had if you get in now or add to your position. My guess is we run up to .10 this year. Just My Opinion of Course.
Good Luck