The company said the first order received was from a U.S. federal agency to provide 692 of its X26 electronic control devices with 1384 cartridges. The other orders were from four "international customers" and included 3,110 M26; 712 X26 with cameras, and enough cartridges to electro-torture 65,000 citizens. [LINK]I would have expected that this would be just another week or two's worth of business for a company with a market cap of between $250M and $300M.
The market cap rose about ten times the retail value of the combined sales. Perhaps the idiot investors figured that there's be a similar announcement every day for the rest of the decade.
I notice that the sales of the older M26 continue. Perhaps it's because some overseas clients realize that it might actually be safer with respect to cardiac effects.
The share price has since retreated by about half the inexplicable increase (I guess once the sheeple were all fleeced).
Disclaimer - I have zero financial interest in this.