Ted- sure they want the highest price for their converted 8 cent shares, however, they can only own 5% of issued shares, the second driver for DMRJ is run the share count higher so the 5% limiter is larger.
Another factor that anybody here trying to sell must consider: DMRJ controls the sales price and the volume-- so if a LONG was dumping shares, he/she had to either drop their ask or wait until DMRJ's shares sold, which this past week has shown to be a disaster.
Now, as to your guess about DMRJ gaining max value, well sorta true but that would also mean they should wait until GREAT news comes in the next CC, doesn't it? NOPE, they have to move inventory because NEW inventory is coming, plus, they can scalp off say $200,000 of interest overdue and convert that at 8 cents when REALLY good news comes.
So the challenge is this: ISC has to get the overdue interest paid up and make all qtly interest payments in cash. Can they do it? They need a 36M$/qtr. And then $16M qtrs there after...many decisions will be made on the next QTR's results and outlook.
The K states that the company expects to begin selling its NEW "E" handheld ( likely a huge drug detection market, like prisons) in fiscal Q4-'16 ( April to June ).That brings hope of solvency...but I do NOT trust McGann to actually hit anything he talks about.
Meanwhile BL is looking hard for an EDS integration partner for the automated ETD system...those are the only hopes IF they can clear interest overdue out with profits from the B-220...they need at least 50% margin on everything, so that 400 unit output/month-- that needs to be filled every month for the next 8 months at least.
Against all of this, we have the TSA in shambles and that has not helped with an orderly delivery schedule.
I have no interest in trying to out dump DMRJ, but hope leaves if the next CC does not indicate some escape for this absurd debt straight jacket.
