All signs point towards at least two more Qs with numbers as good as, and likely better than, 2Q. Annualized, TMTA is realizing over $.16 per share! I recognize that there are some ifs and buts about future revs (M Kent called this situation "lumpy"), but there is little wishful thinking involved. There is uncertainty whether the company can sustain such levels until LR2 license revs can kick in.
I also don't share the worries of certain analysts about revenue drop in 1H06. When the next 2 Qs go well and Culturecom goes through in Q4 we could see some revenue deferred into Q106 and if they sign up with one of the LR2 interested parties this year, we could see a big upfront fee coming in Q206. It was stated that tech transfer time is now under 6 month. After that LR2 royalties start.
I also liked to learn that once the MSFT project is complete those engineer working on it will move into new LR2 projects. So our base is covered and since TMTA has a few irons in the fire, chances are we see some unexpected upticks in rev somewhere as you stated as "opportunities".
On the share price I agree, the street valuation is just too low atm, but I have no doubt we see your target. It just takes some time. Actually I see it with one crying and one laughing eye. The crying, since when I started buying share a few years back I could have just invested in some risk free bonds and would have more money now. The laughing, that since the price is so low at the moment, that even if there would be some negative news, that stock should still go up imho (and I also had a chance to stock up on stock during the last weeks).
So, for the longer term we surely move toward fundamental equilibrium, for the shorter term the price is determined mainly with technicals. For that I like to look at the weekly 2 year chart. You will notice many indicators there just turning positive now. One can also see the upper range around $4 ($3.5-4.5), which i think is the near term target. I can't wait to see how it behaves around there, because once broken out above that, who knows where the sky is... I like to hold on to my investments as long as I think the next year will be better than this. I also have a good feeling about Swift and Kent. Heck, this company might even become a dividend paying large cap in a few years.
