I anticipate that FAA approval will be granted by July 31 & it could be as early as this month.
The recently announced activity regarding the hiring of new personnel, the decision to increase the capacity at Anodyne & the intending purchase of the machine to increase sensor production would seem to tie in with this timing.
The recent negative share activity, that has driven down the price, is consistent with previous activity after an announcement. Following an announcement, it is likely to be anticipated that no more positive news would be announced for at least several weeks afterwards & that leaves the door open to depress the share price.
I hope an early FAA approval catches the manipulators with their pants down around their ankles.
Pending FAA Approval
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Last
36.5¢ |
Change
0.010(2.82%) |
Mkt cap ! $49.93M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 36.0¢ | $1.825K | 5.001K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5500 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 10000 | 1 |
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| Last trade - 10.38am 03/05/2024 (20 minute delay) ? |
| SMN (ASX) Chart |