SMN 4.13% 58.0¢ structural monitoring systems plc

SMN Valuation, page-24

  1. 8 Posts.
    lightbulb Created with Sketch. 12
    The FFA took somewhere between 9-12 weeks to come back and ask for a few MINORchanges in regards to the STC after the initial submission. Common sense would suggest the heavy lifting has already taken place. I'd be surprised for it to take anywhere near the initial timeframe. Its now been 4-5 weeks since " DE re-submitted the Test Report as requested and no other changes have been requested ". These timelines seem to fall in place with the up coming issue rights. We're very close.

    29/10/20212:20 pm AEDTAppendix 4C and Quarterly Update


    "In August 2021 the FAA requested that Delta Engineering (DE) submit their “Statement of Compliance”
    letter (a final statement declaring that CVM™ meets the minimum safety standard as set forth by the
    applicable airworthiness standards),"

    "Last week (several weeks after DE submitted the Statement of Compliance), the FAA asked DE to address a
    few minor edits/clarifications to the analysis method applied to the data and to re-submit the previously
    submitted Test Report incorporating these edits / clarifications".
    Last edited by stillpinch: 23/11/21
 
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