Whether you buy at 35 cents, 30 cents or even 25 cents will prove to be inconsequential after FAA approval, which Ross believed would occur this fiscal year. Following FAA approval SMN is due to receive about $3 million from Delta & finalize a contract with United. SMN will be able to further negotiations with other airlines & the share price should rise dramatically.
It is all about accumulation of as many shares as you are game to buy during this current pullback, which the whole market is experiencing. I believe the reintroduction of the previously expired options has stifled the need for some investors to buy more shares. With the FAA approval all but a certainty, SMN is becoming an even better buy than ever before, at a bargain price. The AEM side of the business should underpin the share price to a certain extent & SMN should be making profits even without CVM.
To maximise profit, you buy when most others are selling & sell when most others are buying. (paraphrasing a quote from the late Sir Peter Abeles).
SMN Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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