I've been in this stock since 1994 and (obviously) don't mind being patient. I don't know when/if they will get to $3 - I'm just saying that is about where I would consider selling at this point since I've already made my money back and then some, so I can now just take a free ride. Around $3 is where I would make a million dollar gain on the position. Otherwise, I'll either probably ride this into the ground or leave it to my kids.
Their customers are government agencies that can't just reach into their pockets and buy a system. They need to go back, put the buy in the budget for future years, and then fight to get it funded while other things do not since budgets tend to be fairly fixed from year to year. I wouldn't be surprised if these trade shows generate business two or three years out.
Sorry Tab - I'm a big, longtime shareholder and I sure wouldn't sell for twelve or thirteen cents. I made my money back and then some fifteen years ago, so I'm sitting on a free position. Now I'm holding out for three dollars.
Given that ammunition is so expensive, virtual training ranges should be taking off. Plus, you can put them anywhere, including in relatively small spaces. I think the trouble is there aren't enough effective visionaries out there going with the idea. There should be a virtual range in every gun shop by now, along with every Gander Mountain, Probass Shop, and every other similar store. There should be one in every Wal-Mart. Maybe this is the start of that.