Breakout Alert, page-42

I'm wary of the pump and dump and surprise capital raising.... like it to settle for a few weeks at these levels..
From the Mac Equity report:

Despite 20 years of CVM development, the prospects of the technology – while generally positive – are subject to a high degree of uncertainty:
 Undiversified in terms of a product, but diversified across markets.
 Horizontal approach may protect the company from market risk, but subjects the stock to more influence from outside forces than a vertically integrated approach where production, distribution and sales are all under one house.
 The conditions of agreements with major partners such as Boeing, AEM etc. are fairly unclear.
 Competition is a large issue for SMS who must attempt to lead the market and gain first mover advantage.
 FAA approval does not necessarily mean widespread adoption of the product will ensue.
Continued R&D and product development such as FAA testing means continued dependence on additional capital. The company’s retained earnings are a staggering –$45 million with a negative equity balance.
Despite balance sheet issues, we consider financial risk to be lowered given the recent $3.7m placement, institutional support from Drake Private Investments and the company’s commitment to a low cash burn with low net operating cash flows.
SMS does have a very concentrated shareholding, which may cause concerns if one shareholder decides to exit their position.