Ann: New Carbonix Drone Contract, page-23

These are the companies I buy into, high negative sentiment but with internal metrics turning - they also jump the quickest when/if sentiment changes when long term holders sell to regain some losses and new capital pumps them creating fomo. I also like the ambition of some of these startups - like AMSL aero and the drones and how Qhl backs them despite knowing it will cost them in the medium term.

However, if it wasn’t for the growth in MRO, I wouldn’t have bought back into this as hard or as quick - I think this looks really promising with such an abysmal market cap currently, P/S 0.15, P/B 1.0 etc. My view is built on a few assumptions tho, assuming no dilution as the timing for that has passed, assuming new bigger partnerships/contracts rather than just MOUs, returning to profitability, possible takeover offer at this price etc how this even profited during covid is beyond me haha I’m just perplexed as to why people were so optimistic about this when it’s market cap was >100M and dependent on basically two customers but now they’ve diversified and are worth 16M and no one sees it going up again. DYOR