613,000 Share Float Reconfirmed with CFO.
I called and spoke with Jeff Devaney immediately after submitting my last post. Jeff was very cordial during our conversation.
He said it is great to see market activity begin to occur on their stock and the price rise that has accompanied it. I refreshed him about our discussions of the float and directly asked him if it remained at only 613,000 shares. Without hesitation he said it has not changed, and said the float remains at 613,000 shares.
He confirmed even better news by clarifying the nature of the shares held in the O/S. I was concerned they were restricted and held by those other than officers.
He confirmed that the shares of the O/S are in no way restricted but are closely held by the officers/owners of the corporation. Given the share structure and ownership and control issues, these shares are not likely to leave the officer's hands in the foreseeable future.
I asked about the operations of the company, and he was more vocal about what has occured, especially with the USAir deal. He feels their competetion is limited to 3 or 4 companies, but that MDTA serves a market and needs that the others cannot provide. With this, they are actually setting the standard and creating their own market by offering the complete package to airports, airlines and airplane companies. Because of today's world, this spurs the urgent importance that accurate information be communicated seemlessly in airline industry.
Their FY ends 10-31 and they have 90 days after that to file their 10K. He didn't know what time frame the company would follow to file the 10K. He said not to be worried if we don't see it until after the new year in Jan, nor surprised if it's filed prior to that.
I'm looking forward many good days to come with this investment.
Vitamin DD
