Hopefully it is because all that personnel is not needed because the units are in the test phase.
Nice PR this morning. It's all there.
200mda is now .0091.
First close above 200mda since June 4th.
Prior to that, the last time above the 200mda was June 2014.
Today is very significant. Now follow through is equally important to establish a base ABOVE the 200mda.
You can see that golden cross forming, the 200dma resistance is only temporary imo. The golden cross looks like it's coming in mid-August about the time we should be at the loading dock.
I think the 200 dma of .0092 is the stubborn resistance that keeps COTE from breaking out and running above .01 There is plenty of status update PRs that can be released before the freighter leaves for China next month.
It sound like the test criteria was not known or finalized until very recently. It would be nice to get a PR updating the test runs.
The PR that announces shipment is the validity that we need. Once one shipment is made, many can follow, then more orders come in and the market cap moves up.
With $10's of Millions in orders, COTE could easily support a market cap of $200M+ for a stock price of .20. They just need to make shipments to get wall street buzzing.