I forgot what he said about the coating. I know its self cleaning and all the heat is pushed forward through a piston. You can also hose the rifle down on the inside if there is any carbon built up and it will just come off because of the coating. I dont remember all the specifications but it is definitely impressive. Its not a hunting rifle and he will be the first to tell you that. Its very accurate and fires faster than most rifles in semi automatic. It has a full auto selection in it as well. He designed it for special forces because of his background.
As for where I see the company going, I am not sure. I think its heading in the right direction but I dont know what their plans are. Certain aspects of the company have improved more than I thought possible given the period of time and to be honest I really doubted the fella would be able to make the company profitable by this time. I am disappointed in the share price but hopefully it will turn around.
My guess is that he is going to raise the authorized to match the cap structure of which ever company hes going to merge with or sell to. Its the only way I see the company PPS going up because of the conversion that would have to occur. Most public companies that uplist usually have a cap structure of 600-800 million authorized so I would expect that. If we see that soon then it is almost a guarantee that he has a deal to sell the company (unlikely IMO because i dont see him giving up control) or merge the company into another public company, most likely trading at $5/share or more so he can meet NYSE minimum PPS requirement.
If that is not the case then we should hear about a very large contract or several large contracts (most likely because of the recent Next Cast partnership and the PR that mentioned more partnerships) that would need to be worth several million or more to support a higher price. I would think that they would need to be multi year contracts so projections could be included in some sort of prospectus for institutional financing if they dont already have that.
I think Mr. Umbra will be true to his word and continue to launch bio division products and the alternative energy things he mentioned in one of the PR or interviews. I know that he has had inventory on the Clearview, implant and gun sitting there so that would be my guess at which is coming next. They do have many completed products that we already know of and I am sure they have many more that we dont know about so which products are coming is really unknown.
As for time frame, that is anyones guess and one that I really would like to know.
