The only logical way forward here is to quickly turnaround a cornerstone insto raise and get on with hiring some relevent capable execs. No SPP / No oppies, it’s all just a BS distraction that will drag the SP down to at or below the intrinsic value of the raise - surely you can all see this after how many failed attempts? Hopefully this gets us through to the Wi-Fi radome STC. (Anyone’s guess when this may arrive, but for the love of god, this board needs to stop trying to pre-empt FAA and give it a rest with the BS expectations on time lines).
As I’ve said previously, I’m a rusted on long, and im a believer in this potential tech, and I genuinely wish all holders the best of luck….. but I think we can all safely say that our board is now riddled with some of the most inept cum-socks in the Aus Corp landscape.
Here’s hoping they manage to conjur up some basic business acumen and at least stay afloat with a reasonable market cap while we await the elusive first FAA tick… They’ve had a commercial director on for the last 2 years (doing what, I have no idea) but let’s hope he’s done something to develop a pipeline that he can close quickly on approval….
GLTAH
powerage
SMN Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
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