Agreed but I think you have to put things in perspective Teamup. Many shareholders have held out for this FAA approval for a number of years, and certainly will be expecting a far higher share price based on future earnings potential. As I've stated before my first share purchases were at prices around $2.50 - 2.66, such a far cry from now - fortunately like many others I'm a true believer and have averaged down over the past couple of years.
From recent updates the company had already forecast that the FAA would make a decision most likely by end of last quarter, and whilst that hasn't happened this last Qtrly update has indicated that communications between FAA and Delta Eng/Scandia are becoming more frequent, with a meeting scheduled (by month end?).
And that now focus is on "Post-FAA Approval Marketing". Including:
"Delta ..... have now formally requested a quotation from SMS to outfit an additional 7 aircraft .... (to) be included in Delta's 2022 provisional budget".
Unlike the usual "buy on the rumour, sell on the fact" mentality, IMO there is much pent-up demand sitting in the wings awaiting the FAA Approval - because we know that future earnings forecasts will be considerable, even though the constraints of covid will dampen the speed of that roll-out.
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