No disrespect Rx, there always seems to be two different stories when it comes to news releases. The spin from The Howard Group does irritate me. AMA took their sweet time to respond to the SNA news release and that highlited the term meager sales. In no way has AMA ever responded to that. Matter of fact their was no denial. If this was false where is the indignation. The only people who felt that way was the shareholders of AMA. In turn the Howard Group did not mention anything about meager sales when they spun their story.
From my viewpoint, nobody from AMA has ever come to that defence. If SNA drops a lawsuit because of AMA's legal council saying meagar sales, that means to me that SNA was wasting time, money and effort to pursue what? Everybody at AMA says it was the patent and their patent stands. I for one still don't buy that. I have viewed AMA's patent thanks to your direction. I appreciated that. My opinion at this time does not matter as I am not a judge. Somehow I don't think this is done yet. However, SNA dropped a lawsuit for a specific reason. The specifc reason in our news release has been stated and in my opinion, AMA has never responded by denying it.
Saying that SNA tucked their tail between their legs is an insult.
What also irritates me is that in this economy and with nothing changing as far as any AMA releasing anything new to increase their stock value that this miraculous increased begs an explanation better than what the Howard Group has just spun. I watch the stocks every day. I saw how the stocks built up with the bids and the asks. Hey I even respect it. Well done on AMA's part. SNA should learn from this. Manipulated it is. I watched it happen and..... I am impressed.
Am I disappointed that SNA's shares have not increased in value? You bet I am. Was this the news release that we all expected? No.
We expected to hear a news release from Pakistan or India. This has not happened yet. I hope it will happen soon. I am grateful that we got 2 more orders from SkyLink and ASSL and think that is great news especially the recommendation from the CEO of ASSL.
I did some quick math. 4 installs for $70,000 revenue with $20,000 per annum recurring revenue. Thats roughly $18,000 + $5,000 per plane.
So based on having 33 planes x $18,000 = $594,000 + $165,000 (33 x $5,000) = $759,000. Not bad for only dealing with two smaller airline companies. Can't wait for India and Pakistan to come through.
Rx, if I have offended you, I apologize. Reading the Howard Group today did rattle my cage. Yes I am human. I wish you and all AMA shareholders good fortune. It was not you that I was annoyed with. I do hope we are good.
Respectfully,
BL
