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Wednesday, July 05, 2017 11:50:19 AM
"The Company confirmed that though production planning and scheduling had been underway, these tasks are now being driven to completion. The Company is fully engaged to incorporate the customer’s final specifications and schedules into the production cycle and implement, execute and manage all aspects of this new revenue stream. The Company disclosed that invoicing for the initial deposits necessary to launch production total $1.5MM and anticipate additional invoicing to support the escalation of production over the coming weeks. The Company stated that revenue from the production of the MLSE machines will be recognized in fiscal 2017 and should measurably impact both the gross and net profitability for the Company."
So I mean, is this just a bunch of hot air? I don't think so - it says they are making progress without any reservations or roadblocks - further confirmation that bigs things should be coming.
It is not clear to me if those shares being issued are already being sold in these rallies. I cannot find any language indicating a minimum hold period. But we also know when big news back in March spiked the stock, that there were a lot fewer shares and the volume still traded high, so I think its still a mystery exactly what shares are getting recycled, but I know that the largest holder is not selling anything.
Now the stock has pulled back strongly after the spike, and I'll take that, but as I mentioned in another post, one of these times the spike will not result in a significant pullback and the stock will just keep climbing, we just don't know when that will be the case, but I dont want to be caught without possession of a significant amount of the stock when it does. And so I realize that selling into these rallies and buying back at lower prices is a great way to average down, and I will continue to do that to some degree, but I also realize the risk of leaving a ton on the table by taking such an approach, hence am doing so in moderation.
I was told by someone whom I respect that he was sure it would pull back to the 60s, and I disagreed with that assessment, but it has turned out to be correct. Well, one time it won't be correct, and the stock will keep going - that's the risk of selling out too early. I will stick by my guns that 'nobody really knows'.
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