What amazes me is the share price did not budge at all.......very little volume. Other than Marx, there are virtually no other institutions left in this stock, and soon Marx will be gone. If the company continues to get their act together I would think sometime in the near future they will begin to hold more investor conferences and get the word out. Eventually, they will most likely need a secondary, but this time, a good kind of secondary which commands new money to fund lots of orders. In this scenario I don't mind a little dilution as the stock will be grossly undervalued.
The catalysts for 2013 are:
1)ink the Acura deal (sounds like this will happen)
2)sign on another major OEM (sounds like they are getting some solid leads)
3)increase the CARB biz (big disappointment so far and will most likely not bring in anywhere near the amount of biz that investors first thought, but with their competition throwing in the towel and CARB stepping up enforcement, we can only do better!)
4)Kick in the Pirelli biz (not sure why Breese loves this opportunity as Europe is a mess)
5)Become profitable (without running any numbers, the Acura deal alone should make the entire company profitable.
I really think all of the above is very achievable before then end of 2013.