So they have a market cap of about 200K let's say.
When you say float, that is generally anywhere from 30 to 50% of the total shares out.
If they own the plane they fly, then their market cap is less than the cost of that airplane.
I don't know what contracts they have. This is the key. Blue Sky does not work as well for tech companies as it does for mining companies.
Another thing a body needs to know is cash on hand, burn rate and potential contracts or contracts being negotiated. What you have to bet on is people beating a path to their door. HyVista has more of a business presence and more case studies and academic papers on their methods. That is a direction that Ekwan River has to go down soon.
I also feel that to gain believability, they have to get on a CDN exchange. The Nasdaq is unreachable for years yet as the stock price required is way too high. The pinks will remain an albatross for this hatchling techie.
Another thing they need to do to differentiate themselves is to offer mag, EM and perhaps gravity if they can license it, so that they are a one stop shopping solution for the mineral explorer.
EM today is(has been) usually TDEM, VLF or a thingie like DIGHEM. TDEM is too wishy washy and does not give enough reconnaissance differentiation of anomalies. It missed too many massive sulphide and other sulfides whether coupling was poor or only fair. Dighem does not have the success stories. VLF is good on the ground, but needs multi-directional ground transmitters today, and is too overburden driven. What I have advised is that the olde Canadian Aero system of unlimited power, had the best anomaly resolution of them all and with today's multi frequency approach, could be made the best and deepest resolver of them all. The field as they say is open.
I realize the megatem and multi-frequency techniques are the thing today. The three I mentioned are olde hatte. But I stand by my story. New EM is needed too.
EC<:-}
AI
