Should be no suprise there are some flickers on our first move above 1.3/1.4 cents, but I am very doubtful the flickers have any fundamental reason for their selling except that they're in the money. The market is long .
My initial impressions are this looks like a fairly mature company/product, not one that is going to cost us a fortune in R&D to get to market. I like the fact they are looking to raise equity above market. I like the ambitous revenue targets before performance shares are
issued. I like that they have a strategic gun manufacturer partner already. Clearly this is not a product the red neck males of US will buy, but seems they have factored that into their marketing.
Seems the mkt has spoken though and it's not that impressed at this early stage.
GL
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