The free float is not that large.. Quite small really..
I believe this is positioning for shares or accumulation at the moment.. They will run out of traders very soon.. The sell side is thinning apart from the selling to themselves thing going on..
Given the customers they already have and then increased spending the US government is going to do soon with the navy and army etc. CFo is very well placed for an announcement at anytime... They have been in discussions for a while.. The army and navy has tested and validated it and contracts are the next stage..
Don't forget Nasa and Boeing are also customers.. As are virgin galactic and other rocket and satellite companies...
I personally would like to see some current revenue figures and revenue forecasts but they haven't released them as yet..
Just look up at the satellite in the sky and there is a very big chance that CFoam is in it and the rocket that launched it was also carrying CFoam..
Not long now and this will pop.. News could be any day now.. They will release the brakes once they have had their fill and then there will be no stopping it dur to the small free float left.. Sticky hands are holding on for the rocket launch..
Don't forget their are a lot of other untapped markets as yet including lithium batteries, building, etc..
Cheers
Max
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