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Force Protection, Inc. Delivers First Round of Cougar Mastiff Vehicles to British Military
Force Protection, Inc. (OTCBB:FRPT) today presented the first round of Cougar Mastiff Patrol Protected vehicles (Mastiff PPV) to the British Ministry of Defence (MOD) at Force Protection's headquarters near Charleston, SC. Force Protection is manufacturing specially modified Cougar vehicles, known in Great Britain as the Mastiff, for the MOD.
These are the first vehicles delivered under a contract awarded by the MOD in August 2006 for more than 85 Mastiff PPVs.
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quote:Originally posted by Jo4321: And with a NASDAQ listing, I'm assuming that we won't have those wild swings of days past. I'm not sure how many more of them I can take.
Jo
Exactly... no more MM bullsh&t. Have to deal with shorters, but at least the playing field is level.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Its amazing how we stay right at $10... MM's are letting the shorts off easy... once they covered, MM's will begin raising the price to induce profit takers.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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I just can't wait for NASDAQ... you have tons of Mutual funds, institutions, etc. just watching this but can't buy cause its on the OTC... they must be drooling.
Institutional ownership is at 14.6%.... when we hit NASDAQ, institutions will pour in! You'll see 50K blocks go through like its nothing.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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The PR below says they WILL.. I'm only guessing on WHEN... my guess is soon. It appears we were in a news blackout (which is required for 60 days during the application process), and now it is over... so, closer we go.
Force Protection, Inc. Appoints Independent Director Friday September 22, 8:30 am ET
LADSON, S.C.--(BUSINESS WIRE)--Sept. 22, 2006--Armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) announced today that Michael Moody has been appointed an independent member of the Board of Directors by unanimous board vote. Moody will fill the vacancy left by departing director Gale Aguilar. ADVERTISEMENT
"Force Protection is greatly benefited in having Michael join the board," said Chairman Frank Kavanaugh. "He brings a wealth of financial experience to this position, and will play a key role in the continuing development of Force Protection as a publicly-traded company. Michael's appointment is another step in the process of reconfiguring the board to achieve a majority of independent directors; a process we hope to conclude very shortly."
A veteran with more than four decades' experience in financial analysis, auditing, and regulatory reporting, Moody currently serves as a principal for Westsource Financial Services, Inc., providing financial and business advisory services to privately held businesses. Moody previously served as Chief Operating Officer for the London American General Agency and as Senior Vice President of Corporate Development for Magna Carta Companies. He also served as a member of the Magna Carta board of directors with particular oversight and review of financial reporting. Moody is a CPA and an associate with the Australian Society of Accountants, and holds a bachelor's degree in Economics from Macquarie University in Sydney, Australia.
Force Protection's Buffalo route clearance and Cougar urban fighting vehicles have kept troops safe in the face of more than 1,000 mine detonations and IED attacks since 2003. More than 200 of these mine-armored vehicles have been delivered to the U.S. government
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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