Looking at the 4C in terms of cash, rough quarterly revenue is equivalent to projected quarterly cash outflow leaving $2.5 mil buffer so we're not likely to see a CR this quarter which is good. Threats of CR always see price drift lower.
SP appreciation triggers flagged in 4C;
- B737-NG OEM Approval
- Formal approval from the FAAfor a new STC allowing CVM application to WiFiradome structure on aircraft (3 months time-frame estimated and Q3/Q4 fleet installation start target)
- Installation of 3 x 757 CVM kits for evaluation & training
- Making of decision (or not) to install 757 CVM Kit to Delta Fleet (H2 2019)
I was under the impression the 757 decision was a foregone conclusion and installation was due at next major fleet maintenance grounding so for me the timeline I had in mind seems to have slipped again and there still is risk present in this application.
There are 4 clear events (above) with the potential to trigger significant shareprice appreciation an of course, new developments can pop up at any time.
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- Ann: December 2018 Quarterly Report and Appendix 4C
Ann: December 2018 Quarterly Report and Appendix 4C, page-4
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