Not that I am Warren Buffet, but I decided to do an exercise of looking at this company, not as a long time investor, but what asset value does the company currently have at this moment, independent of any "If comes" as an investment opportunity.
Here are a couple of things with "asset" value:
1. Loss carry forward of 147 mm dollars.
2. Revenues of 150k per quarter and increasing. So flat line 600-1m per annum...and announced contracts with Navy, Emergency response org., etc. to yet be seen in a quarterly.
3. Two patent filings.
4. Good will with DOD.
5. Shrinking debt.
I'll take an inflated outstanding share count of 450 mm.
If I severely discount the asset value of the acquisition of the loss carry forward ( a Buffet move) to .05 per share ( has an effective cost savings in taxes to a profitable venture at 30% tax rate of 44 mm in taxes saved), value the potential IT patents, revenue growth and DOD good will at another .05, then as of right now at a SP of .02...
This is a 5 bagger against that valuation.
Any single or more multi- million dollar announced contract completely alters that dynamic upward exponentially.
Risk..yes...but, in fact far less riskier than it was at this time last year to be considering a buy of shares.
Now you say...well why doesn't the market see it that way...and I say it is more than apparent that a forced capitulation of existing shareholders by relentless (probably long boxed agents) sell pressure and words expressed by an increasing circle here, really understand the value of accumulation (apparent on TA board) under a SEC required company cloud of vacuum of information and dissemination of disinformation rushes in to fill the void.
Oh, and here is a wooden spoon for you U.S.
jmo
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Before dawn there is darkness. Then the sun rises on a new day.
AI
