SPP, page-13

Great story XTE. Was lucky to get a handful of former clients in low 40's before the re-rating. Looked stupid cheap considering the low mkt cap at the time c$13m, tight structure and likelihood of on-going and growing revenue from Government contracts. Looking forward to further on the lightweight helmets, and drone interests.
I haven't had much to do with management, I am the type that if I like the metrics/product then will pounce first and get further involved later.

This could be one of those industrial situations that will re-rate once we 2-3 4c reports with growing cash flows. That is normally the inflection point for small cap funds to get involved.