Saturday, June 28, 2008 3:26:27 PM
Has anyone shown or pointed to this exact rule by the FAA or other authorities on this disscusion group? I would like to see it. It is important to the discussion of this company because without the Thrush deal we are back having an old man with a toy airplane and some scrap aluminum as the stock holders prayer for a gain from thier investment.
If it is indeed a fact and this design can not be certified to fly then there is nothing here. There are no patents; that has been established and verified. There are no manufacturing facilities, no engineers, no assets and no plans to ever manufacture anything unless 100 million or so dollars fall from the heavens and even then it's a long shot.
I wish there was hope for us with this company but the truth is a lottery ticket is a better investment. The price of the stock is a joke. What most here don't get is that the joke is that it is worth anywhere near 2 cents a share. If you figure there are 36 million shares outstanding that would put the companys valuation at around $720,000. That is not counting the 20 million preferred shares that could be dumped in 16 months or so.
So I ask you, what here is worth $720,000? Please tell me.
If you want a better value there are many pinkies to choose from. Try VSTR for one, the CEO is one of the founders of Amway, the total valuation is just $225,000 and they have a real business!
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