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Oh and Nanoll - told you so ;)
There you go guys! Intermap is up and running. Quarterly earnings should be an interesting one and the guidance they provide! exciting times guys, time to stock up!!!!!!
It was up good at the start of the day and frankly, thought it would close a little higher. But this was good news and think the shares will move higher over the next few quarters.
Nice..about time! I think this may set them up for other large deals in the future.
Intermap Executes US$175 Million Orion Platform® Spatial Data Infrastructure Contract
Patience is the game at this time period. Intermap is not a If story it is more of a when story.
Imp said just a few details before signing . How much more could there have been ? And what happened to other SDI deals ? and debt restructuring ?
Just an FYI it's Monday and hell hasn't frozen over ITMSF
Your rational makes no sense... If you're not comfortable with this stock sell it and move on.
they have no money for the debt come Monday
I'm aware of that but maybe you should understand GAAP accounting principles instead of trolling a stock. This contract will count towards and reported as Q4 revenue.
sorry to burst your bubble but that is a contract , it will be paid over time.
That's not true - they signed a deal on Dec. 7th for $2.4m. Press releases are for that deal: http://finance.yahoo.com/news/intermap-receives-2-4m-orders-132500201.html
Intermap Receives $2.4M Follow-on Orders for Archived Data and Professional Services Work
Can you show or provide a link for the $2m due "this Friday"?
I know they want to list on Nasdaq but hopefully this trades to new highs on the signed deal.
Exactly good communication on communicating the delay. Good communication doesn't translate to a completed deal. Hopefully this continues into 2016 (not the delay but the good communication).
good in communicating ? lol . Where have you been ?! They promised dates about 4 times over the past many months. Management is the worse I have seen so far.
It would of been nice to see it jump up higher then 29c. The recent rise was good to see. I'm still confident that a deal will fall into place. Management is good in communicating so far. Although they did fudge it up a bit initially... Lol
I don't believe this is fake by my research. I did not underestimate the time to close this deal...that was the biggest risk, but disappointed that they have not closed yet.
I am still long and will just let it sit..and wait.
I expected some sell off today, but thought it would be much worse.
Happy New Year...
If the deal is fake they will not have to divulge the name of the so called nation as they said in the fake contract that the name would not be given.
That would be unwise as competition would jump in and offer better deals. I am more then happy to wait out for an official full release. GLTA I don't think a deal will be announced tomorrow but a notice of delay or explanation of why and when a realistic deadline would be nice.
One more day left..no news on the big deal yet. It would be too bad if it slips again. I understand the complexities.. But they should close on a large part of the deal and amend as appropriate to move this along.
One other thing to note as on other forums people are using bankruptcy as a scare for Intermap. If Intermap is (as it is indeed) earning smaller contracts between the range of 3-7mm that's more then enough working capital for the short term future. So again I'm comfortable with Intermap making strides to land smaller deals in addition to the mega deals.
You're severely wrong, the question isn't if Intermap will land & sign a deal. It's WHEN it will sign a deal.
Intermap has already landed and signed multiple smaller contracts (a few mils). It is working on further more multiple smaller contracts & is as well working on mapping Alaska.
This contract valued at $100mil+ is a work in progress. So far they've not delivered a accurate timeline. But I am satisfied that they will pull through and land this mega deal. Whether it's by the end of this year or Q1 or Q2. And as it stands there is no talk of Q1 or Q2 - this is my level of comfort and confidence with Intermap.
Not a good post. COMPETITION HAS A BETTER PRODUCT.
it was posted by samdem, very unreliable source
Link to Intermap's GeoPro overview/presentation - it's about 7.5 minute video.
Meetings, Meetings...
Saw this post on the stockhouse board from someone I believe to be a reliable poster and thought it was worth sharing. Please note I have no first-hand knowledge of this, just 'reposting' something I believe is true and fairly significant. There were some meetings with ITMSF management that just wrapped up (today I believe) and below is a very brief synopsis from this poster:
The meetings were the UN GLOBAL GEOSPATIAL INFORMATION committee, to make a long story short, I was told if IMP is successful with this big contract, the relationship with the P3 will lead to a very bright future
Canaccord was a big buyer yesterday:
13:37:11 T 0.415 0.05 1,500 7 TD Sec 1 Anonymous
13:36:50 T 0.415 0.05 1,000 7 TD Sec 1 Anonymous
13:32:31 T 0.41 0.045 762,000 33 Canaccord 33 Canaccord W
13:32:31 T 0.415 0.05 3,000 7 TD Sec 33 Canaccord W
13:18:35 T 0.41 0.045 15,000 33 Canaccord 7 TD Sec
13:17:31 T 0.41 0.045 15,000 33 Canaccord 7 TD Sec
13:16:34 T 0.41 0.045 6,000 33 Canaccord 7 TD Sec
13:15:05 T 0.405 0.04 9,000 33 Canaccord 85 Scotia
13:14:47 T 0.41 0.045 400 89 Raymond James 79 CIBC
13:14:47 T 0.41 0.045 500 33 Canaccord 2 RBC
I will be selling after the first deal gets signed if the share price does not break 1.50 . We should soon find out.
I concur that's what I've come to understand as well
debt was pushed til Feb 2016 and Intermap will pay it with the initial 30 mil$ they will get for the deal.
debt was pushed til Feb 2016 and Intermap will pay it with the initial 30 mil$ they will get for the deal.
Which article is this?
From SA article..."in a very real sense, Vertex owns Intermap. The debt comes due in January and Intermap has no way of paying. Vertex can walk away with the company at any time. Shareholders are just hapless bystanders."
Looking to get in this around 20. Seems like it's continuing a bearish trend down.
Hopefully soon this deal is announced
again today I guess.
not today ....
how do you figure this would go 3$ on this one or 2 deals?
Watching closely. Got a few weeks.
No . I just repeat what I got from contacting the company . But why are you out of the stock if you think this might go to 2$ with a signed deal .
why do you know this? Are you an insider?
who cares about the small deals. If they close a huge deal and go above 1.50 or 2.00 then I might consider selling. I called the company yesterday and they just have to cross some t's and dot son i's and it is a done deal. How huge? probably a few mil bigger. There is a second in advanced stage. But big money is waiting for a contract to be officially signed.
Edit: I am still out for the time being.
I believe that is true, perhaps higher. Who knows whether any of this is true, but they do seem to be getting some small deals done.
I still say 3+x or zero.
I am hearing this could go 2$ plus on an announcement of the contract .
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