I'm hopeful but unconvinced about another round of dilution. Logic (my logic, anyway) dictates that they shouldn't be exploring another raise until early to mid Q1 next year if necessary, but raises have been the area where they seem to least conform to what I consider logical, with the possible exception of just grabbing money when it's offered (a logical explanation for past behaviors, but it sure would be nice to hear that as an explanation).
As for solid news, that is never a sure thing with this company. They can get patents of huge importance approved in a vastly expedited fashion, and the PPS gives us a big yawn of indifference. Imminent news should include more patent approvals and a few new applications, plus a status or two about the current build process (I don't even know how many units they are building; we should be able to assume a minimum of one per training center and a couple spares are usually a good idea if affordable). If they can finish the confidence build before December, that would show great attention to schedule optimization plus viable hardware that is near design-freeze quality... That would be HUGE news. Finishing the build is slated for end of year, so I anticipate an announcement maybe the second week of December but would love to have that piece of news for Thanksgiving instead!
The other thing that I often find noteworthy in these discussions is the passage of time often going relatively unnoticed. We are in the final week of September, and next week begins Q4 already. That by itself merits consideration, and maybe a re-inspection of the latest milestone schedule to ensure we understand where we are in the process.
The dilution potential is the real wildcard in your equation; I wouldn't put it above your 65% threshold, especially when coupled with mediocre public reception of truly good news in the past. But Murphy's Law always screws with me, so I can't take chances of missing out when I have a chance to beef up my position further. If I need funds to clear, PPS runs right up until I can buy, then it drops right back down. But that's my life, I've accepted it, and I'm still planning to build my position further when resources allow.
Message in reply to:
Do you believe that we get some solid news before next dilution. If I was greater than 65% then i would buy. But im not so sure
