I brought in in August for strawman and RL. Really impressed by this company; tightly held register, smart acquisitions recently, minimal dilution and a big moment coming with FAA approval. Management seem bullish on approval before end of year. Be happy to see the q4 (?) Update soon which I think might show the roll out and next steps for the company.
Leeman
I thought there would be benefit for Club Members to have a specific forum topic regarding SMN as it will enable more general discussion between anyone wanting to either add, seek or clarify anything regarding SMN.
I did read of a few members CV's having an aviation background. Any comments, thoughts, etc would be appreciated
(I am also appreciative of Halo99 for his (her?) comments, and that spurred my interest in establishing this general forum topic.)
I haven't been too sure how many club members may have bought shares in their Real Life portfolios since I first mentioned it as my 'Life Changer' going back a few months, but I hope no one is deterred by it already having more than doubled since that time. It is my view there remains plenty of upside to an investment but I do suggest that until FAA approval for the first STC it remains SPECULATIVE! And that will likely cause a highly volatile share price, as we've seen it fluctuate recently from mid-60's (cents) to just over a dollar very briefly - my current valuation range is $0.75 - $1.25, with a mid-range of $1.06.
Once the FAA approval for the first STC is achieved the valuation will certainly rise appreciably, and remains dependent on the ramping up of production of sensors, and airline conrracts.
Whilst It is Speculative that first approval is now very close. Thus I remain of the view that SMN will outperform in a bear or bull market - once the first STC is approved there will be an ever-increasing flow of news regarding contracts between various airlines, maybe OEM's. And as I've mentioned previously in straws, the CVM technology:
1. Is the result of two decades of research, development, and testing;
2. Is patented;
3. Has been the subject of a very slow, and intensive FAA approval process;
4. Is eagerly sought by the airline industry itself, in order to improve maintenance procedures, reduce downtime (thus reduce fleet size), and improve safety (through continuous monitoring capability).
And the aviation industry itself is valued in the many trillions of dollars, with huge potential for CVM inclusion in both fixed wing and rotorcraft, for each of civil, governmental, and defence sectors.
I invite any comments, thoughts etc.