SMN is run on a shoe string budget with directors taking pay in shares at a premium instead of cash. The $3.7 raised in February will see them through for the next 4 years at current burn rate ($800k a year) and thats assuming that we dont generate major revenues in the next 4 years.
I'm hoping we start generating serious revenues in the next 4-6 months from Delta, Sirkorsky, Embraer, Beoing and Airbus based on what the company has released.
Defenatly no need for a capital raising so your way off the mark there it would seem, and the way the share price has held up in recent weeks would indicate to me that we are going much higher in the near term.
I wonder what development we will hear of first as there a quite a few that could drop at any moment. I will sit patiently and wait to see what happens.
GLA
SMN Price at posting:
$1.89 Sentiment: Buy Disclosure: Held
