re: on track for good year ~ another order!
Market seems to have lost patiences with EMM, down on opening after annoucing new order.
But then another order was announced and back up it went. A lack of buy and sell depth indicates this one could jump either way. ATM trading at less than NTA.
From a review of past performance verus share price, it is my belief EMM will re-value greatly as more orders come in during the financial year. My data indicates a jump to 5 cents is next. Just look at their chart. In February the market slowed, taking EMM down nearly 40%. Since then world markets have improved and EMM has received additional orders for nearly $1.5M. Add to that the $1.36M order already underway, gives EMM 80% of full year's revenue in less than five months. Plus their expenses have been reduced as they let go their manufacturer personnal during last year.
R,
PS: saw some impressive photos on the other forum, including one of the portable unit I referred to earlier.
EMM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
