I disagree in part. Yes sales and Fed contracts are extremely positive, HOWEVER, After trying to contact Taglich, then going to their website even and seeing their "holdings", what I see is this company may well be ruined by Taglich Brothers!
I do not like this, but I also worked as President of a VC and project development consultancy years ago in Asheville, NC and what Taglich has done to this company who once needed funding, is no different than a VC hostile type takeover; much like what Mitt Romney was part of in 70's & 80's out of Boston when he lived there...
Taglich now has majority stock control, both brothers are Chairman and Director chairs within it, and can put a real hurt on this. The company & employees are being held "hostage" right now... I believe they are "double dipping" which is illegal under SEC laws. If you read what/who Taglich is, then you look from shareholders' standpoint at AIRI, Taglich is not doing what is best interest of Shareholders here- rather what is best for Taglich's HYI investment firm clients. That means from my past experience, I have seen such VC vultures come in on good decent companies, take control like the mafia would, then runup and ruin the companies and piece meal out all assets slowly so they drain every last possible penny they can out of that corp and then walk away to repeat with another small cap company.
This has got to be investigated thoroughly as I see it.
Lastly, to my wife's credit, I sent letter to AIRI but not sure if it will be intercepted by Taglich cronies now seeing how they are positioned in the BOD's... But I told AIRI for funding, go to Charlotte, NC based CIT Group (CIT) who trade under ticker CIT, as they have been around 100+ years funding small to mid cap companies all the time and she used to be point liaison person to CIT for furniture industry company in Hickory, NC where she once worked and they still keep in touch with her. CIT would NEVER do something like Taglich has for sure. They are a legitimate commercial lending entity like I said and MANY such manufacturing companies use them from factoring to finance.
I believe AIRI needs to contact them right now ASAP if they have not, and I feel real positive AIRI can get what they need, keep perpetual LOC even going, and in some way, get Taglich the hell out of their position from this company... Taglich is very bad for this company and every shareholder alike.
