SMN has been working for a decade to this point. There has been many false starts and it wasn't until management changed that they really starting heading towards full certification. Back in the day it was a garden shed operation where monitoring instruments frequently broke. Hence it was only ever semi approved in limited applications.
Since management changed they have sacked the board, cut costs, and focused the testing parameters. Now SMN is within a couple of months of full FAA approval, from there it needs to be incorporated in maintenance manuals and adopted by types and companies.
Once these steps have been approved then the license fee will be huge as it will be saving airline companies millions in compulsory inspections. In turn, once aviation has approved the tech getting approval in civil and other transport will be simple. The potential is huge.
Longer term SMN has massive tax losses carried forward so once profitable no tax for years. The clearest symbol for me is management taking their fees as shares (at 50-cents) and buying on market last week at 37-cents.
I still think this could be a multi bagger over the next 12-24 mths. If you want out then put your sell in as I'm buying every time it hits lower 30s.
4TK
SMN Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
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