I consider they are still needing the $10 million now with no...

I consider they are still needing the $10 million now with no other raisings needed in the foreseeable future.

Not only do they have debts to repay for Director loans and debt relating to the new factory there is still some talk of buying another integrated company by AEM. They will initially need some extra staff to work with each different airline for submitting plans to FAA for each different model plane. This will be a considerable workload although some preparation would already be underway for both WiFi and probably for more than one type of bulkhead application.

Directors have recognised that some blunders have occurred in recent months and have indicated they would like to do the right thing in rewarding shareholders for their patience.

With all these hiccups over recent months I think SMN is in the rare position of having been bypassed by Day Traders wanting to make a quick dollar. Going from a price of .83 cents on 1 November 2021 to 51.5 cents on 1 March 2022 I think the Traders would have cut their losses with no FAA announcement. Trades for January 2022 (approx.1 million shares), February 2022 (approx. 350k), March (approx 400k) were picked up quite a bit by existing shareholders (I know I did).

If it is the FAA approval to be announced, what's to say they also announce the Rights Issue at the same time before trading re-commences. Last five trading days average would be about .62-.65 cents. So really reward shareholders with an offer at .65 per share. Plus, for all shareholders, especially for shareholders that are limited for funds, to partake of the Rights Offer still as a $1 offer payable to .10 cents now. The share price should exceed $1 after the announcement so any optionholder could trade up to full shares by paying the extra .90 cents and sell them in need.

Just some thoughts from left field.