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I am sure they will be posting about the BIB shortly. Why don't you email the company for that rather than run a chatter on the message board?
I have no doubt you believe what you say but also have no doubt you are completely wrong and off base. The company's past may have been littered with false hope and fraudsters but has nothing to do with Glen or Tony or the efforts of Eastcor period.Likewise you cast aspersions about Mike Clark even when he helped settle the SEC issues with his own funding, continued to fund the company and put up his home for collateral for the La jolla funding. There is no corruption nor much hype but rather concentrated forward progress. You don't know the people involved yet take pot shots at them like they are the same ilk as anyone associated with this company's history. You are simply wrong.
Indy obviously knows enough about the individuals and the products to make the same judgement as I and others have and we will either benefit from this company's sales and evolution as shareholders or not. Thankfully he has generated on target discussions and not retreaded the constant bellow from the earth stands still or conspiracy junkies.
And thank you very much for bringing positive and energetic discourse to this board! Much valued and appreciated by this shareholder.
Yes they were there. I have no knowledge of their meetings but know they attended.
Keep in mind Indy that neither Tony or Glen have a thing to do with the perceptions you are reading from Jet/Acumen etc. This is all past tense evaluation (not even the same airship) prior to GTC even being part of the company. This is the Earth stands still brigade, nothing can possibly change and Space Florida, DOD testing, GTC Navy contract, Red Cross contract can't be real...Its the La Jollla Cove people are going to take this under a penny perception even though they were in attendence at the Vegas conference and certainly availed themselves of the WSGI presentation. The story will continue to unfold and we will either benefit as shareholders from a cutting edge tech or will be wrong. I'm in for the ride.
Superb post Mide! Great assessment of the facts and timeline. Thanks!
Just keep watching Jet, watch the debts go down, the revenues increase and the profits materialize. As I have said before investors are speculating at .03 here. The numbers are improving as the company is showing an ability to produce more revenue and draw down debts. If the next quarter doubles and the one after that then the .03 purchase will be a nice one as the stock will be .20. Or likewise if they get a decent Argus, BIB, or base station contract it will happen immediately. No one has suggested that a huge percentage of ones capital be in penny speculation. I have a basket of speculative equities some more speculative than others. 90 % of my stock market capital is in dividend yielding stocks. At .03 a share this is betting on the come line. I like that they are starting to produce revenues, have ongoing negotiations on the base stations, testing and discussions on the Argus, and a new collaborative effort with the BIB. Its a company that is putting its foot forward and making strides IMO and an interesting speculative investment at this juncture.
For the base station I think 5 million plus initially, for the Argus 2-3 units initially and for the BIB a couple units initially would all instill some real perception we could then land bigger and better contracts. Obviously on the airships then larger numbers would instill the home run feel. I think a couple doubles and triples would make us all more optimistic as the story unfolds. I don't think we need an out of the park contract to change the perception but I would not be unhappy!
What are your thoughts Be?
Keep on the bash Jet it is all you do well. The company is digging out will increase revenues and will turn the corner at which time you will accelerate your bash. I've indicated that they will need a few home run contracts, base stations, BIB's and Argus contracts.. They are starting to produce revenue and have increased build out of new product ventures. Yes I am more enthused and we know we are buying a .03 stock not a .30 stock or a 3.00 stock which it would be if the revenues were greater and we were solidly in the black. I have some faith and positive rationale with the people involved and the government sponsors both will happen. It will take solid contracts but we all know that in the meantime we are speculating with an inexpensive stock. Don't overly concern yourself that is what I mean by time wasting.
Yes BIB's and Argus contracts, however base stations and GTC revenues can pay off the debts as well. The company has had high level sponsored testing, this management is not going to discuss their meetings with DOD as well they shouldn't. Even the BIB was specifically designed for their clients interest. Lets see how it plays out. We are all frustrated because in essence with WSGI and the purchase of GTC the company became a new one albeit with a large outstanding share base and accumulated debt. The loss carry over can be valuable however if we are producing revenues and a decent net. Also in the case of a possible takeover that can be a selling point. They have started to accelerate revenues and I have become more optimistic that a larger home run contract can emanate. We have no idea also how much more debt can be settled or written off and that would be another feather here.
I presume you are referring to coasti's google search and book except? Let me guess you believed all that at face value? As far as the SEC we have Phipps on board and have heard nothing from the SEC regarding that while we know that settlement occurred. I think I'll take my face value over yours but thanks for the dire warnings.
Enjoy your opinion but it was in response to a suggestion that he may not be so involved. How would you know enough about him to have an opinion? Have you actually talked to the man or attended a shareholders meeting where he spoke? I thought not.
David Phipps is heavily involved in the company Gotcha, get it?
Much appreciated Nando thanks for the report!
Uncle Steve gone myopic? BIB is just an additional product get it? Go to their website to get a clue. The Space Florida money for instance just confirmed is for the completion of the Argus testing.
great post cole, revenues are a baaaad thing! These people are not pumpers no matter what conspiracy theories the bash brigade dreams up.
Whether the stock price reacts today, or as more contracts and higher revenues are announced, as well as greater debt reductions assembled, this is a step in the right direction.
Tranche money would not be revenues.
There is no death spiral financing and La Jolla is not engaged with this company to see its demise but to see its success! Their profits are far greater on the upside, period.
Great assessment Sinful I agree wholeheartedly! This unit has the potential to be in very high demand and could put WSGI on the map. Very innovative and creative idea that meets an immediate need.
The debenture has a .075 floor price! Care to try again?
The debenture has a .075 floor. Makes your thesis rather incorrect.
You are nuts, have no idea who you are talking about or their character. You bash people you haven't a clue about? You are stuck in the past and refuse to consider that changes have been made. Just hang on to your thoughts and live with them. We really don't ehave anything to discuss.
Explain to me how La Jolla makes money under yout scenario?
They are hitting singles with contracts and increasing revenues. When and if a few homeruns are hit with larger numbers they can news release we will be fine. I like that they are increasing revenues and landing contracts.
Your scoreboard has nothing to do with the present company. GTC now involved new airship with sponsored testing and entirely new management. You live in the past which has nothing to do with the present company. You started out with the wrong ballgame and you are still keeping score on the wrong playground just like Coastie.
Right like about the SEC? Amusing how wrong he is this time also..
Insight? You must be crazy there is not a single scenario Coastie posted where La Jolla would make a dime off this financing if the company goes under. There are no options and no chance to box shares. Death spiral financing talk is just bashing with no logic period. Has nothing to do with the reasons La Jolla invested.
Oh brother news won't matter? Brilliant Watson
Keep on watching oh bright one since this is your stake in the game.. the share price will rise soon.. Revenues have a way of doing that to stocks.
Right a highly profitable motive I'm sure? Did it ever occur to you that Estrella and Clark know more about La Jolla then you and Coastie? Oh they must not have seen the dreaded blog posts that Coastie found on google? LMAO
LOL Don't let the Vector Vest field get you.. one of our immediate concerns. HA
Then you should sell immediately!
Interesting thanks redspeed..
Wow he certainly tried to dupe people.. Its probably a check feature on linked in.. so what? Really you need to get out your private eye kit and do some more invigorating work.
My mistake dealing with some other issues today. They ARE NOT DUPING anyone.
Love our conspiracy junkies.. so tell me what are you willing to bet and what is soon? Would like to take you up on your offer if you have a dime. And for your information there is no way, Estrella are Barbara Johnson are duping people. The contract exists.
I think its likely a small contract and not over the material reporting threshold. I'd love to be wrong but we would see it on the government site as well as expressed by the company. Regardless contracts with the government are a positive step and hopefully lead to a some we can crow about. Likewise a 20 million buck contract and the stock price would be significantly higher as some would surely know?
Thanks BareBaxBo, that speaks to positive moves ahead!
Right they have an offer in compromise on the table apparently, lets hope that it is finally settled. No doubt they inherited the Mess of Messes.