TTEG, a gem in the rough. continues recovery off recent lows.
The company, Turbine Truck Engines, has a potentilly HUGE product, the Detonation Cycle Turbine Engine (DCGT), which could very well be the most efficient, versatile, and environmentally sensible load mover for sustainable economies world wide in short years ahead.
A tid-bit of long-awaited news last week about the completion of parts machining and casting before the upcoming assembly of its 540 horsepower prototype, has propelled the stock off the 52 week low of .30 to the current spread of .45 - .50.
Bids have been steadily creeping up in the attempt to accumulate in the .40's. Today is the first day in the recovery we've seen a market maker bid of .45. Yesterday's close was at HOD .50.
The company should be releasing a series of press releases after the turn of the year, which along with an expected influx of capital into the stock could potentially send the pps into wild swings. Any kind of inlux of volume can send this one flying back to not-unheard of levels over $1.50, at which price there is indeed a goal of a major stock offering. See SEC documents listed at turbinetruckengines.com, and read especially the Roffulo agreement and you'll see the publicly available documentation of the $1.50 financing goal.
Only about a million of 13 million issued shares are free trading, IMO.
There's so much more I'd like to share. The essence is that now, while the stock is in an accumulation phase before a potential breakout, I think a buy is not a bad gamble.
Be forewarned, that although I excpect volume to increase next month, it is still low and wide spreads can make it difficult to get in and out quickly. This is a buy and hold for at least a few weeks. Months and years could potentially yield DOD shares that may yield 20 bagger returns when the company is bought out!!
Good luck.
