I'm starting to hate small caps and penny stocks... they move slower than molasses. RMXI is still talking about the same potential sales that were being discussed 3 years ago. When are we going to start seeing contracts and revenue?
From their 1-K in March:
VAST has been rigorously tested through 23 field demonstrations with U.S. Special Operations Forces and other elite units in 2024 alone. These evaluations have consistently validated VAST’s ability to transform tactical communications by enabling video streaming across previously unsuitable networks.
They've been pursuing this market for almost 3 years and, after all that "rigorous testing", they still don't have any significant contracts. Their 2024 revenues were a paltry $138K.
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