"House Work" announcement at close of day...setting up for Sale of Company...
Must be coming very close to "the deal" ... indicating
...the end is near, as alluded to by CEO on conference call, Boards of Directors have determined, through consultation with and assistance of Citibank, advisor, that the best way to increase shareholder's value is to SELL the entire company (but will look at doing it in pieces if necessary) direction and Management is in active talks with potential suitor for entire company.
TSA certification of new CT Security scanner for Airport Security and now selling to American Airlines, was likely the opportunity to propel divesting of company assets to achieve optimum Value...
Cash flow positive, no debt, $156M in cash on handand almost $1/2 Billion in sales (without Security Scanner ramp up), and after a successful reorganization of product line for growth...
...IMHO... looking at over $1.2B sale or at least $100 a share) and up to $1.5B or $120 a share...
... represents a 33% to 65% increase over pre-conference call Share Price, likely before EOY...
Very hard to buy shares... in quantity.
