Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sure is quiet. A storm would be nice.
IF we were to assume that Clark really does know what he's doing (and I believe he does) re: SEC settlement and contracts, then the possibility exists that he bought shares directly from the company (through Basis probably) in order to infuse the company with enough cash to pay the SEC fines. It would be a win/win scenario for the company and Clark. He believes the shares will climb in value based on his knowledge of Sanswire's current and future income potential, and the company has cash to use for said fines in order to get on with the business at hand.
Further, if he ponied up 250K, his 2,275,191 shares comes out to approximately .105 per share and includes a 5% commission or so for the broker. (The math isn't perfect here.) And with that, I wouldn't doubt that there are warrants included.
All of this is strictly my opinion, of course.
bank
Warp - again you are correct. Nice post.
bank
Yeah. I get it. But, I had to ask them anyhow. You never know how their answer might be worded, you know? That is, if they even give me a reply. For now, I'll give Karen the benefit of the doubt on her promise to honor my question with a response.
bank
Not that I expect them to be forthcoming on the matter, but I did email Sanswire on that very topic this morning.
bank
Well done, Warp.
bank
"Sword of Damocles"? Really Rag?
Warp and Flybyday have it exactly right. And I know that you know it, too.
But, as usual, your post only contains obvious short-leaning bravado, when most people on this board at least ATTEMPT to provide meaningful discussion, facts, circumspect or links to pertinent, relevant support of opinion or news.
I, for one, would be grateful if you would just give it a break. You provide no relevancy, no factual or logical arguments, and, yet, people argue with you as if your posts contain substance. Maybe that's what you desire, I don't know. But I, for one, will mark this as my first and last response to any of your past, present or future posts.
bank
I hope I'm right too, for all of us. This has gone on long enough. We need to get past this, as others have already posted. I have a couple of buddies who are also VERY long and this has been a reaccuring topic of discussion - how does the share price react when the SEC nightmare is history? Given that a bunch of us know people who would only consider buying when the SEC burden is gone, will that be a substantial enough buying spree to lift the stock? Good question. I think so, to a large degree. Do we add to that total those of us who have kept some powder dry for the "all-clear"? Probably, but how much does that really add? Who knows? Let's not forget there are 300K+ shorts. They'll dive for cover no doubt, but realistically, it's as much of a short squeeze as a fart in a hurricane. So, it begs the real question - how much outside interest is there in this company, and, at what point do they dip their toe in the water? That's the real question, in my estimation.
Since I've been predicting lately, I'll go with this:
SEC resolution pumps the SP up above the 12 month high to .18.
As an added bonus prediction, the company releases contract #1 PR very soon after that and that news pumps it up to .28 or .30.
And because I dream about this as much as coolbreezeva, I'll gamble and say a 2nd, more meaningful contract comes in and pushes us up to over .50 cents by Halloween.
GLTA
bank
Company's plant? HA!HA!HA!HA! That's hilarious! Your paranoia is over-the-top, GS. But, keep it coming. You amuse me every time.
And, to complete my prediction, I'm taking the over/under at under 200K on the fine amount.
GS, do you have a non-paranoid guess?
bank
I predict settlement by Friday. News at 11 . . .
Why does pg 7 of the pdf suggest otherwise? Am I mistaken? It clearly says 65,000 ft, 624 mile diameter. Why is that?
bank
WW- check out page 7 of the pdf presentation. It suggests an altitude ceiling of 65,000 ft. You said 20,000 ft. Just trying to clarify.
http://www.sanswire.com/111/STS-111%20Web.pdf
bank
Eastcor is in Maryland, not NJ.
"What do you mean when you say "Is Basis selling enough shares at .075?" Where did they get the shares? Where are they selling them? Free market or private placement? Does the company in fact have a funding relationship with Basis? Which filing disclosed that?"
Apparently you need to "edumacate" YOURSELF!!!! And, please, don't blow a vein in the process.
bank
Good point on the Estrella thing.
I think it's impossible to know what they have or haven't done because of the lack of transparency and communications. When I have to read between the lines, I'm not comfortable either. As per our esteemed director "dumping shares", the few shares he's sold would hardly constitute "dumping". Is he using the proceeds to fund the conference? Who knows? Pure speculation. But, the question remains - where is the money coming from for all of their expenditures? Is there a private investment group besides Basis Financial in the mix? I've heard no wind of that. Is Basis selling enough shares at .075 to keep the doors open? I doubt it. Is Clark putting his own money in? That's a rumor I have heard. But, purely a rumor.
Bottom line, I'm with you. I expect more out of these guys when it comes to leadership and communication. I love the canned, PR written quotes when they do offer us a tidbit release. C'mon guys, you can do better than that.
It doesn't change my opinion of the eventual outcome, though. This unlikely company will succeed.
bank
GS - I may take a trip just to see you do that. There's nothing wrong with holding someone's feet to the fire. As I've stated before, though, I don't think it'll get to that. The SEC settlement is nigh, it's all a matter of the price tag at this point, imo. And, not just the show, but all is useless without a settlement. That's why it seems extremely likely that we're close. Rhetorical - would you announce demos and sponsor a strategic convention without the knowledge that you have a settlement in the bag at this point? (I'm sure I'll get quoted on this by a few of you with arguments based on past performance, please, save it.) Not if you're Clark and you're in for an initial 5 mil. shares (and more to come, no doubt) and want to sell the company for $5-20 per share. He's not in it to sell 50,000 shares every 3 months at 8 cents. He's in it to win it. Common sense, no?
And, speaking of Clark, there hasn't been any discussion on this board about his participation (CEO) in the "alternative investment" company Butterfield Fulcrum and what implication this money pipeline may have to Sanswire. There was an interesting article on hedgefundsreview.com that I think speaks to Clark's business acumen and professional mindset. Also, note the private equity reference in the article.
www.hedgefundsreview.com/hedge-funds-review/news/1728783/butterfield-fulcrum-looking-acquisitions
The reason I post this link is to add to my thesis that I believe Sanswire is being groomed for a takeover/buyout. I'm confident the reasoning follows. Clark has served as president of the institutional products group at Fidelity Investments and before that CEO of JP Morgan's worldwide securities services. So he's obviously been in on many, many deals in his time. (Don't ask me for links, I'm only providing logic in this discussion.) With his many years of knowledge, experience, contacts, help from Sancho Panza (aka Glenn Estrella), connections that Sanswire already has with L3, etc., and his impeccable timing due to both private industry and DOD's need for UAVs, it's really shaping up to be the perfect storm, don't you think?
bank
Here's what I believe. Mark it for future reference if you want. This is my own humble opinion based on my own due diligence. If I'm wrong, I'll freely admit it and toast those who were right. But, I don't think I am. I believe the story goes like this:
Clark and Estrella came in because they saw an opportunity that they deemed to be a potential for success. They've worked hand in hand for many years and they know how to work together to create winning corporate outcomes - plain and simple. Timing is everything, of course, and I think they were fortunate in this regard, but coincidentally they also have the experience to see a scenario for its unrealized potential and take it to its realized outcome. Let's not forget, they came in together, not as separate hires. This is meaningful. They are a team with a plan.
So, what were some of the issues that Clark and Estrella had to command?
1) They had to come to a total understanding of the (GlobeTel/Sanswire) players involved, the power structure as is - this includes all legal remedies for potential voting rights obstacles, shares ownership, fund raising via share sales including future warrants and previous questionable deals, if any; AND a wholesale, common sense plan that would convince all cast members that, indeed, this is a company that can be a major player if all agree to fly in formation. Pun intended. This included having a firm grasp on cost and implementation of product development, necessary funding for continuance of product development and a distinct understanding of the specific marketplace for these products. They are experts in the field of mergers and acquisitions. They don't get involved until a clear picture is in front of them. Period. Anyone who posts things like "just another couple of scam artists looking to steal shares" is either short SNSR and bashing or has their head way up their a$$ and shouldn't own a computer with a working keyboard.
2) They had to make the SEC go away. How did they do this? They brought credibility to the company by swaying the argument that Sanswire has a real - not scammed or imagined - going concern through proof of product viability and interested parties. (Those parties are more than likely at this point a direct tie to L3 and their multiple UAV contracts. Later, L3 will not be needed as Sanswire, in its future state of safety from further recrimination from the SEC as well as its future state of profitablility, will do business directly with Uncle Sam as a credible manufacturer for goods, that our military (and other companies) requires, at a desirable price.) SEC fines will have been paid with money they were able to bring to the table and, thus, the settlement is history. The SEC can't be interested in Sanswire's previous iterations to the point of revoction of shares or delisting when such an obvious epiphany is taking place. They want to address the wrongdoers, not the rightdoers. I doubt this case goes to trial. If it does, I believe it will, for all intents and purposes, target corrupt individuals from the past scam that was, for their errant ways, not the present company on the grounds that every best effort is being made to give shareholders a real certificate of value.
3) The next thing that needed to be part of the overall picture is, of course, the end game - the takeover. Now that the internal workings constitute an acceptable corporate structure, legal issues have been addressed and remedied, contracts afford further R&D and we've seen institutional interest of consequence, what's left? Increased share value based on sales and future sales, of course. Proven top line growth with acceptable margins and future contracts that appear consistent and sustainable will provide the desired fatted calf. At this point, Sanswire looks to be a takeover target. This is the end game for all of us and Clark and Estrella have known this all along. The plan is in place. Let's hope it succeeds. I wish the very best of luck to all.
bank
Warp, nice post. So, is the state of Florida the sole source of funding for these initiatives?
bank
OK. PLEASE pardon me if this one has already been brought up. But, does anyone have any corroborating info about this quote by Erdberg from an Air & Space Smithsonian article dated 12/18/09 - “We said, ‘Duration, duration, duration,’ measured in weeks. That’s what our soldiers need now,” says Erdberg. Sanswire-TAO conducted their latest demonstration of their airship on December 17 and 18 in Stuttgart. “We’ve built about 30 prototypes and have flown them thousands of times,” he says.
http://www.airspacemag.com/flight-today/Sky-Snake.html?c=y&page=1
My real question from this quote stems from 2 items - 30 prototypes? Flown them thousands of times? Really! Has anyone on this board seen this progression documented?
Thanks.
bank
100,000 shares, not $100,000
Mide, from the Pre14C filing from 11/16/09:
(4) There are 100,000 Series E Preferred Shares issued and outstanding out of a total of 100,000 authorized Series E Preferred Shares. The shares, in the aggregate, have the voting power of 128,180,952 common shares
In your estimation, do you think this can be taken as written, thus eliminating the notion that the Leinwand, Erdberg and Seifert have total voting control of the company?
bank
So are you saying that it's impossible for companies to develop products before a contract is officially announced? Really? I don't know many people who would buy a car before they test drive it. And whether you want to believe it or not, L3 and SNSR have been in discussion, discovery and development for quite a while. Just because we haven't seen a PR on the completion of a contract doesn'e mean that work isn't being done. If a tree falls in the woods and there's noone there to hear it . . .
I don't think we'll hear much of anything big until the SEC reports that it has settled. I wish THAT would happen sooner than later. After all, they can't really have contracts with government agencies or government contractors while the case is still open.
Cool, WW, the anticipation of the Sanswire success story is already giving me goosebumps. I'm obviously a newbie to this stock and have been able to acquire a large number of shares at a much cheaper price than most of the longs who've been here for years. But, make no mistake, despite the risk and despite the past history of this company, the rewards will be great - retirement great. This is a new company with new management who appear to be able to take a product line to market where others have failed in the past. IMO, L3 is busy with a payload in Easton as we speak. And this is just the beginning. And maybe I'M nuts, but I don't think so either.
bank
Jet, you're constantly badgering posters for proof to back up their assertions. (and rightfully so, I might add.) Where's your data to back up your own assertion - ".....because all this money is going to OTHER AIRSHIP PRODUCERS! NOT SNSR. " Or is your assertion simply gratuitous?
bank
Any idea how much they paid?
bank
GS - OK, second reference, I'm in.
I totally agree with your post. But then, you already knew that. Best of luck to all.
bank
Who's talking about employees? How about the 3 amigos with the preferred shares and all of the voting rights?
Hopefully, nothing, would be my answer. My sense is that there will be a number of substantial changes coming, both from the obvious SEC and sales end of things, but also, one would assume that personnel roles will become more defined. Hopefully, this means some get eliminated as necessary. Enough said.
"Because L-3 was on Sanswires webpage for six months?"
Who knows at this point? There certainly isn't anything current or inciteful on the Sanswire site. I also think it's lame that the 2 pictures of the STS-111 on the site look totally different in color and composition from each other. The only thing they've updated in 2 years are the press releases.
But, I'm still bankinonit anyhow.
It's a long article. You may have missed:
"It's a wonderful place to do this kind of aerospace business," Estrella said. "You have people with the right skill set who have worked for years with companies like EastCor Engineering and L-3 (Communications Corp.)."
Well there you go. You should know that there are a ton of things that put time into the equation. I don't know - funding, corporate customer coordination can take some time as I'm sure you've seen, maybe Eastcor had to work out their own production schedule as Sanswire isn't their only client. They've only had the ships for a couple of months. Quite frankly, I think, IF the PRs are true, they're making pretty good time.
And you're absolutely right in assuming that at least a fair amount of money would be paid to Eastcor up front to start the job. But, there has to be money coming in from somewhere, though, to make this all happen, don't you think? A new hangar, design and production costs to Eastcor, PR, accounting, filings, etc. No way the $250K they supposedly got covers all of that.
The airship is one thing. A reason for it's existence is quite another. Hopefully, they're closer to the latter.
Pick a time, I'll meet you there.
Why doesn't sanswire.com have the press release and hangar picture posted? That's really, really lame.
Nice find.
"Sanswire also will be using its Florida facilities to store and construct the aircraft."
What Florida facilities?
I'm in Virginia where the cool breezes blow!
Great questions. I don't know anymore than you do about an "investor's day" or anything like that. Maybe we should all start calling corporate and see if we can influence that to happen. The answer's always no until you ask, right?
I do intend to go to the airport and snoop around at some point. It's about an hour from where I am. I'll bring a telephoto lense with me . . .
Actually, they said that Eastcor had begun "to perform the initial inspection of the craft and to begin the
integration of intelligence, surveillance, and reconnaissance (ISR) technologies into the
UAV's sensor bay. Eastcor has already undertaken similar work on Sanswire’s SkySat
UAV."
These press releases don't describe the process very well. Shocker, huh? Eastcor is located down the street from where the hangar is now. My take on it is this: first Eastcor had to see the actual airship, then they went to work with the design and construction of the electronics that happens in the shop at Eastcor. It's a fairly custom job putting together systems that have to fit an already defined space. I believe the design and building of the electronics has happened and now they are in the installation phase at the airport - just my interpretation based on my modest knowledge of custom electronics design and integration.
bank
And maybe he didn't.
WW - True, the market always knows - something. But, I agree with Mide, we'll all be happier when the volume is really respectable. However, I might point out that the "market" may know that time is limited for the shorts and a few may be helping this climb the last few days by covering. I forget who suggested this recently, but that may be part of it. Also, the more that SNSR's potential gets talked about, the more climb on. Some call it pumping, but really it's just part of the ebb and flo of the anticipation of news and events. I suspect there are a few new investors driven by sales pitches from both Basis as well as current investors with friends who are starting to accumulate. This, obviously, helps the sp at this volume level. I only have anecdotal evidence to support this at this point, so really it's only IMHO.
Real, verifiable news, will be the only catalyst that matters in the end.
bank