This highlights the problem(s) I have had investing in this stock.
Just when we get TSA cargo approval, there's another hurdle to overcome with qualification. We then had to go through checkpoint approval, and we passed. Unfortunately, after approval, we had to go into the testing lab for another bunch of testing before "actual approval".
Add to that the fact that we really can't decipher which of our competitors' machines are approved, grandfathered, exempt, or whatever else is going on. We don't know if they are about to get certified under the new standards, or if they are not bothering with it at all. Will we be the only qualified machine, or will they all be qualified within the next 6 months? No way to tell.
For all we know, Smiths and Morpho are putting together some sort of back room deal for an exemption or extension with the TSA.
My only certainty lies in the management team, which consists of not only industry insiders and experts, but people with an inside line on TSA. I have to (continue to) put my faith in them, because I certainly do not trust the government to do the right thing in a timely manner.
