6FLGS-- if they are NOT working in shareholders interest, well, as you know the price for hell is significant.

Some apparent facts as of today some of which you point to:

- company has sold some 4400 machines. Very impressive.

- company is somewhere between 60 and 70M$( guess) in debt and paying above market rates of interest on said debt.

- interest rate payments are stifling the possibility of a profit in the near term.

- loan holders have defacto control of company while NOT owning shares ( can't say this with conviction but is possibly true)

What would a 9th grader do with the revenue generated by the sale of some 4400 machines?

The floor is open for discussion, any / all answers will be appreciated...

BEST OF BETTER LUCK TO ALL ISC LONGS!

Alignment between mgt. and shareholders is always a hallmark of a company that can do great things. Reason, shareholders believe and buy more, mgt. knows and buys more, market sees that and joins in. See ETF KNOW. Very powerful ETF, not infallible, but based on foundational alignment of interests.

ISC= misalignment of sorts. It will reconcile one way or the worst way. But I will guess this: IF Bolduc was still CEO, the SP would be significantly higher. The CEO is always always always the company's best salesman. ISC has NO market facing person. I would promote Daryl to President and let him lead the way facing the market. He's earned it three times over, IMO. And if I never ever heard from McGann again, I imagine I would be much happier.


.

Actually, the army analogy does apply and B9 is completely HALF right. Running a public company does require the things he listed, however, maintaining a broadly received perception of the intrinsic value of a company is also part of running a public company. Increasing the value of the company is a DUTY so it places it on par with the other responsibilities B9 listed. Its vitally important because the SP is the "blood" of the company. Lower SP can hurt future sales, it can fail to attract talent to the company and provides competitors with a talking point that illuminates a corp. weakness. Should something go wrong, where can a 75 cent a share company go to raise vital "blood"? Bolduc was the master at all things except interperting the dictates of the TSA, and he wasn't THAT bad at that. McGann is just executing on what Bolduc left us and ignoring the SP. However, that can only go on for so long. Prediction, over $30M in new funding is about to arrive. My big toe tells me that, nothing more.

Remember, Sept 30? Isn't that when the Fed budget year ends? Isn't October when the Feds describe their new operating/acquisition budgets? Yes, its a very good time of the year!

Best of Better Luck to ALL ISC LONGS!

Nowak- you would NOT pick 5 at random, you should pick 5 that have a huge positive change in sales, say 700-950%, coupled with a 30% drop in SP since the particular mgt. team took over. THAT comp. would be an actual fair test.

Look, obviously this mgt. team either has no interest in owning shares because they intend to get awarded shares OR they believe there is MORE downside before they buy. But do not doubt it, when ISC is a screaming buy all insiders turn their pockets inside out, search the couch folds for qtrs, borrow from Granny, cash in the recyclables, take out a second, trade in the truck and borrow from Roger!

My big toe is aching so badly right now that a particular stock I own is about to explode TRUE NORTH! ( been to the couch, broke some bottles, junked the Courier, spoke to Gran, don't have Roger's # but am about to call him!!!!)

guig- actually 3-4 very big, very powerful events are very close at hand, IMO.

Today's PR was THE single most powerful PR this year. And the year has been loaded with power packed PRs!

Best of Better Luck to ALL IMSC LONGS!

Buffalo-- huge accusation hurled toward Plat. with that post. Sure, its possible. Evidence: Bolduc mentions incoming refi interest phone calls on CC. ( perhaps the big mouth you refer to?).

But Plat. knows that McGann reaps a huge buy option reward for bringing $15M of new financing ( if his deal has not been removed by his move up to CEO as that would NOW be part of his job).

Dr. Jones has/had the same deal. So the greed gene says: inflate the float, let the SP sink, reap a bigger/better/lower priced 1% of outstanding buy option.

I think all loyal longs want this to turn around soon. See greed gene above for reasons why it wont happen all that soon.

Pham- Plat. receives shares or cash for interest due at end of qtr. Plat. sells daily volume in relation to daily demand, high demand pulls higher volumes of dumped shares from Plat.
Plat. is owed a significant amount of back interest. I assume this generates interest on the interest. Plat. holds loans to ISC that can be converted to shares at 8 cents and also loans at a blended rate between 1.10 and 1.20. Not all of their loans are convertible.

IMO, to stop the ongoing dilution, pay interest in cash every qtr. and pay interest on overdue interest in cash. Until they level this they cannot address loan principal.

It appears the company is going to NOT pay out cash and let the float grow. They have alloted plenty of shares potentially headed for Plat.'s accounts in the near and distant future.

This is a reason why any great sales PR fails to move the needle very much. Since mgt. is not an active buyer at these levels, they appear to not care about the SP as much as we do. IMO, a mis-alignment. This is why I carp about their seeming ignorance of a refi opportunities or methods. IMO, a secondary by the company at 66 cents is better than an 8 cent interest payment conversion.

So we sit in an odd see-saw: sales growing by huge amounts, SP wallowing= shareholders unhappy + market staying away from stock despite huge sales. That can change in a wink with a TSA order part #1 being filled or PR'd for $23M.

But the good news: ISC is here to stay. Until the TSA placed its order, that was NOT a foregone conclusion. I look at it this way: B-220 sales pay down the debt, 150-E sales turn the company profitable, Multi-vortex automated non-contact ETD units draw out a buyer for ISC. Since the company has not provided a strategic intent since Glenn left- I assume these events with a certain level of peril and that makes me uncomfortable.

B9- true that. Non-contact is the future. Ironically, ISC has best non-contact today, so what is TSA "buying" from ISC tomorrow?

Possibilities:

- new improved sample collection capabilities?

- 220 platform software?

- new proof of non-contact superiority over swabb collection?

- new configurations of vortex nozzles in one unit?

IMO, the 150 runs rings around the 220---IF---it is used in a certain manner.

IMO2, the 150-E is going to runs sales rings around the 220---IF---the E is used in a certain manner.

Only TSA sets the concept of ops ( use modality/training of line officer using unit). Therein lies the rub so to speak re: certain manner.

Cargo is more of brute force- aim 8 heated vortexs at something, agitate more air, allow for more sample collection= better results compared to Joe Sore Wrist trying to swab same suspected package about 500 times a day.

I believe everything I just said. But oddly, I don't believe this mgt. team has a clue on how to promote its own capabilities and its own future. That makes me slack to buy more shares. But on the other hand, I am not a seller either. I just see potential going to waste.

But if MAEBS recap of ASM is that mgt. is going to steady debt pile by paying outsized interest in blocks of shares...I think you know the downtrend in the SP that creates.

Of course, it all plays into McGann's bonus structure, should he bring in at least $15M in new financing...but is that not a double dip that would bring about a bad reaction?

Carrying huge debt-- so you are BUYING THAT. Dissolving huge current debt interest, not accumed interest, just current interest with cheap shares--so you are paying for that with constant dilution. Surely, you get this, and even more so, the BOD does NOT or it cares NOT!

B9- ya think!

Slice them at will...I truely wish it weren't so. But firmly believe them to be so.

Boiling it down:

Swabbing ( contact) vs Non-contact vortex collection-- which is the winner of the future?

TSA has dissed vortex collection ( it never cert.'d the 150). That diss has sent the world down the swabbing path. When all the world has bought a swabb, what use is there for ISC prior to the next upgrade period?

I sense that many other methods will turn swabbing into a STEGASORUS GIGANTUS, ideally, non-contact heated vortexing will be one of them. Discuss at will!

Maebs- ISC cannot be profitable while it carries current level of debt. Say 65M at 15%= $2.4M per qtr. just for debt interest, not principal pay down. At a gross margin of 50%, they need almost $5M in sales every qtr just to pay interest! They need another $6M to operate per qtr. And this is before they pay a dollar on outstanding interest accrued and principal overhanging.

But they can sweep the interest payment under the rug by issuing shares. But that greatly devalues the company and your shares...it is why all the sales PR they have issued over the last 4 months are having very little effect on the SP.

Sure outstanding debt can be rolled up into a sale of the company. But to do that ISC needs to present a product capability that NO ONE else has. I think its capable of that. But that opens up another issue- it is NOT showing the world its capable of a future. Meaning, after the world has bought the B-220 for swab ETD then what...what does ISC have to offer and who would be a buyer of this? Consider, the USA cargo market-- it uses crap swabbs right now and it does NOT care. It's upgrade intent is truely pathetic. Why? It costs money to buy a pricey swabb machine that it considers to be an inferior process ( swabbing).

The private sector ( cargo) is just as dangerous as public passenger transport. To me, I see that as a huge danger not being addressed. Perhaps TSA will act sooner than 2017 and kick Morpho off--but then again, maybe not. Maybe they see WHAT IS NEXT FROM ISC as solving the pathetic swabb mode of ETD.

So McGann is saying: shareholders will take the hit as we dole out 8 cent shares for interest payments and develop WHAT IS NEXT...they are predicating the future solvency on WHAT IS NEXT while ignoring near at hand peril while giving shareholders the bill for that.

I guess its one way to roll...but there are many trolls under many bridges just ahead for ISC. That makes their strategy risky and of course repulsive to NEW investment.

Let me ask you, did you buy shares at these low ball prices AFTER the investor meeting?

BL could actually mean it. After all, Plat. does NOT want the company to go down the tubes and they do want exactly what we want; promotion of the company and its brightening prospects. However, at some point Plat. and ISC's mutually beneficial interests diverge. That would come the moment the company pays out the $12M$ in overdue interest that is killing the stock and making Plat. a ton of money. After the 8 ball is moved, then we will see who's interest is where.

Note to Buffalo: nobody made you buy shares in ISC. You said yourself that Bolduc told you ISC stock was NOT for you. Yet you persisted. Frankly, you lost your vote to carp about anything after the guy you disliked warned you to stay away. You have to be aware of how crazy YOUR particular position is...aren't you? Think about it: CEO says don't buy, you insist on buying, you spend countless hours trying to conjure a reason to fire CEO. Greed walks in and does your bidding in 2.5 months.

Mas is a competitor. Take that for what its worth. So far, he ain't saying nothing that's none too smart. ( I hope that sounds dumb as its intended)

I believe there are many shareholder wearing disappointed frowns. And rightly so.

As discussed, the short game is a terribly un-profitable and played on the fringes. All the while the shorts know at any time, the first TSA shipment can be PR'd. But they persist for nickel / dime on a Friday.

But shorts are aided by this mgt.'s posture. We've seen over 700 units sold in a short period of time. That's enough for a 4th grader to gain a refi offer and acceptance, yet what has this mgt. done? I'd really like to know.

When the TSA awarded the IDIQ and placed the first batch order, Glenn spoke of refi offers coming in. I took that as WORD. Perhaps his last WORDs IF, and I say a huge IF, IF Plat. took offense at that and they agitated for his removal. Again, can't say as fact, but things are not playing out they way they should. The company is succeeding with sales almost EXACTLY as expected, yet the company is NOT succeeding with the basic task of cleaning up its cap structure.

Everybody will say: they will refi. The same thing that was said in Feb., in March, in April, in May, in June and through last month. What have they done?

Mas- read history, Plat. did that and then did what? Loaned the company more money at great risk. So yeah, what you describe did happen, but what you leave out is WHY IT HAPPENED.

But we have a great result for the company, a great result for the country, a greater result for Plat. and a terrible result for current shareholders and terrorists. Its very odd for shareholders and terrorists to share a "result" ( category leading product), but we will survive and terrorists will NOT.

This will resolve itself at sometime. But I cannot predict when. And THAT is maddening.

Many times I have said this: the greatest asset this company has is its LOYAL and ENLIGHTENED shareholder base. That was Glenn's real gift and that is why the company survived against the longest of odds. Shareolders supported his premise of gov. approvals lead to large sales wins.

Now we live thru a great disenchantment. Sales abound, SP decays. Yet the base is alive and available but, IMO, ignored. Too bad for us all.

RJ- you know this as fact? Glenn used to say: we PR when shipment occurs, we ship when paid. ( or close to that ).

I understand THIS mgt. is under NO obligation to declare a change in that policy but ya think it might be a good idea to re-affirm that policy, if in fact it has NOT changed?????????

What do you know as fact regarding this...?

Buffalo- short position in IMSC ranges between 280K and 500K--but it is an active block of shorts. This means they flip back and forth. You can see it on how unbalanced the BID size is at certain times.

Companies in deep debt are often classic short targets. Companies racking up huge sales are short repellent...that leads to a confusing situation re: ISC. Huge debt vs Huge sales eventually resolves itself. I think loyal longs feel the frustration more in this stock than any I have ever seen.

One thing we do know; the market has weighed and measured this company and this stock and is saying: I will stay away until you give me clear signs that your cap structure is leveled. Oddly, this allows for the penny shorters to short and flip buy to short again. That is my read on the situation.

What is fascinating is to see mgt. make the cold decision to NOT get involved in promoting the company. People used to say : Glenn why are trying to promote the company NOW as we have very poor sales. People now say: McGann why are you NOT promoting the company NOW as we have great sales. I think speaking about the company's position, its products, its value to the peaceful world, its mission and now, its sales should always always always be talked about. The company might even open sales doors by doing this. Yet McGann=Clam. Sorry, but I dislike his mgt. "mode" and find it counter-productive TO everyone.

ED- plat is smart, they pace their selling alongside demand. So if the market wanted 100K shares, Plat adds about 45K to that. Plus, Plat. may know more than you or I about the next PR. When ISC PRs a $23M shipment to TSA, that would be a good turn around point for the company to announce OTHER positive things. Plat. maybe in the bushes with a herd of shares ready for that. But they seem to never oversell the 40-55% of daily vol. range as that is not in their interest either.

IF the company has paid off the $12M overdue interest-- that would be a good start. Those dam interest converted shares are killing everything. A $23M shipment to TSA and $30M in recent Euro sales puts about 22-25M$ in their hands, minus op costs, -- they have room to move to end the over due interest which converts to plenty of shares. This is also in Plat's interest too as they'll have less shares to sell but at a much higher price.

Has to happen soon.

BL is on it. We just have to show it. I think it is very close. The IP is locked, a QDP is next, then certification. My sense, they don't want to be self disrupting. Meaning, show-sell the B-220 before the "E" and "E4" go into certification. Plus, TSA is a mess. All those wonderful t-party folks complaining about airport security delays/ invasions of privacy etc. turned TSA around. You could say the Tea Party was working in the interest of AQ but that is a reach too far.

Then you have the USA cargo sector...why are they dragging their feet in terms of throwing away slow/ false reading Morpho machines? Private sector does not take security seriously or private sector is waiting for what is next? Or both depending on who you ask...

Huge sales wave, much larger than expected but justly deserved. But once TSA develops a con-ops for non-contact hand held-ticket-baggage, then you will see the second-third waves for ISC. Again, avoid self-disruption by waiting until you have sold a swab to 99% of the market.

Dr.Jones knows exactly what to do and when to do it. But we shareholders need some air. Further, who would buy shares in droves the second we re-fi? ISC Long-n-Loyals.

It's a market travesty that we have not moved up sooner and to a greater degree than we have in light of a sales tsunami. And a growing one at that! Push the dam re-fi button!

REFI-A-GO-GO is next! Roll up 29-31M$ in sales in 4 months and you get phone calls from the money store(s).

REFI is the turning point the McGann has to make soon. No reason NOT to. Cut those 8 cent interest shares out of the picture. Figure it this way, the margin is going up medium fast, the share count is going up fast, sales size/key wins are going up faster= room to breathe and pay down debt.

TSA may be next to be announced, a perfect time to talk about cap structure clean up.

Note to B9- one would think that Smith's would be paying attention by now and re-writing software. Its kind of amazing to see them ALL sitting on their thumbs. Maybe they built in a stymie in their stuff...

So many huge positives building up, just have to knock the debt down, begin a pay down plan and that allows the other positives to move the share price.

IMO, if debt was 33% less and if stealth dilution was stymied, if they have a pay down plan then this is a +$3/share stock if we can stay under 90M shares. All the other cards ISC holds then become trump in the world of ETD. The story really revs up upon cert. and first sales on a non-contact unit to TSA...but first things first- sell the B-220 to the entire world.

Great day for ISC and for all LONGS!!!! Dr. Jones is the man that won't cop out, when there are sales opps all about...they say that Dr.J. is a bad---well you know the rest.

Said said it right! This patent is a major minor. It allows an automated ETD system to link to an operator controlled EDS machine. BING! Together, ETD and EDS become formidable. And my Uncle Saul can give his swab-weary left hand a much needed rest.

Folks, this one springs all the rest free to move and create and submit. My guess, a QDP for two products in not very far off. A hand held "E" and an automated "EEEE" linked to a conveyor driven EDS (ait ) machine. When approved, ISC will be taken home by a major player.

B220 sales erase debt.

H150E sales generate profit.

"EEEE" sales motivate a buy out.

SixFlags: insiders will buy stock very shortly IMO. ( shortly= 6-8 months)

Note to Scooter: re:37K$ B220-- ah YEP!

ISC has sold 150s to the US gov. But the 150 is NOT QPL or ACSTL listed. It does have Safety Act seal of endoursement meaning it can be used in the USA without fear of legal action for performance linked to an act of terror.

Companies give various ( handheld) products for general use testing upon request.

Now, if the unit is the 150E or the QS-150Hx, then we have a break through. We all know that the 150E is on the verge of sending a QDP to TSA for certification processing...who knows...it would be a HUGE move forward for ISC. HUGE. Why? 220 sales will erase the debt, 150E and Conveyor linked non-contact unit with multi vortex heads are the reasons ISC gets bought out.

We also have seen the 150 sitting in a dock and interrogating a ticket or passport or some other small item that a scumbag would have touched with dirty hands.

Whoever posted that- THANK YOU!

NOTE TO Reno: great post re: buffalo's firing fantasy. "McGreed" got Bolduc fired. Simple as that.

investors in IMSC-

The Good: McGann is producing units. Units that were predestined for sale thanks to innovation of the entire team at ISC, and of course the man that plotted the course.

The Better: ISC has rolled up enough sales in the last 3 months, not including TSA that McGann promised to be delivered by Mid June, to work out of the stealth dilution jam. This is important as no one, I assume, wants to wallow about just above the upper 60 cent SP mark.

The Bad: over the past three bonanza selling months, the company likely borrowed money. STOP borrowing money.

The Very Bad: IF McGann has not lined up a refi, he is really causing UNNEEDED pain to shareholders, to employees and to the reputation of ISC. Sales warrant a refi of debt, even if just to save a million or two on interest. Remember, a loan balance of 70M$ at 15% runs about $2.6M per QTR!!!! That's toxic and dangerous. THERE IS NO REASON TO CONTINUE TO PAY TOXIC INTEREST AFTER ROLLING UP SOME 48M TO POSSIBLY 60M$ IN SALES IN 3 MONTHS!!!!!!!!!!!

The Ugly: it kills me to look at huge potential trip over its own shoelaces. Think about this, if ISC has shipped the $23M TSA part 1 order AND rolled up say 55M$ in other sales, it just broke all records for any ETD provider for a 3 month period. YET, it is being given little or NO credit because it has NOT addressed debt.

What will be interesting to watch, PLAT. stops selling for a while. As Plat., better than anybody, knows that 50M$ in sales in 3 months, sans TSA, means their 8 cent into a 70 cent a share "alchemy" / gravey train is almost over.

I bear no malice toward Plat. as a deal is a deal. The onus is on ISC to escape debtor "prison" and ISC has worked so dam hard these past 4 years that they deserve to be greatly rewarded as do ALL shareholders. Its time to reverse the misery gears holding down this stock and this company for good.

6FLGS- even if the refi was done thru Plat...it could lower costs. See, Plat. has the right to match offers made to ISC, but if mgt. does NOT gather offers, Plat. has nothing to match. So it would be in mgt.'s job description to do everything it can to max rev., profit and minimise costs. They can't move very much while they have a Boston snow pile of interest outstanding sitting in the front yard. Got to melt it.

Just rough figuring, before TSA shipment #1, the company has made enough at 45%GrMg. to pay off outstanding interest. IF TSA part #1 for $23M has shipped, then they have plenty of working space to pay off interest, perhaps refi some loans and begin paying new interest in cash. This would help the SP greatly as new investors would not be scared away by the crazy maze of loan agreements and the ongoing stealth dilution and of course, BL's crazy statement that its " not just DMRJ selling...". True, its not just DMRJ but at least 45% is DMRJ and will be DMRJ. Take that selling out of the equation and the share price is $1.30+ very quickly.

I think they get it done and soon. One great sign would be they begin to buy on the open market...that would a signal...then any moves they made to investigate new financing and following thru on that would really help the SP. Once we get above $1.75, then they could possibly sell stock and clear out remaining debt. If they combine this with a NEW product ( the E for ewsome?), this stock is off to the races. It could happen, but there has to be significant, tangible, spoken will power exerted, WE WILL TAKE OUT THE DEBT BY XYZ.

B9- you have to be crazy- "refi is NOT in our interest"-- since when is cutting costs NOT IN OUR INTEREST, since when is cutting stealth dilution NOT IN OUR INTEREST, since when is ending a toxic financing foray that is killing the share price NOT IN OUR INTEREST?

ISC has rolled up some 60M$ in sales in the last 6 months. Paying off interest due allows them to pay off some of the early convert loans...they have to do that to get interest in the company and revitalize the SP.

IMO, the company can / should provide a score card of units shipped, not up to sales #s. This provides some transparency as to their ability to get out of the "overdue interest" trap. This is what the market wants. They have the best product and the best selling infrastructure in the the ETD "world", they need to address what they are lacking...cap structure realignment. As of right now, you pay 75 cents for a share and get about 75 cents debt. Who wants to buy into that on a grand scale? Even mgt., which knows when they will clear the overhang just on operations, is NOT buying those shares. Now, if they were, then I think they could operate the way they are now as smart investors would understand that sign.

RED TEAM is the TSA's reason. Figure it out. It's panic in "detroit".

B9- true that. I am not a big fan of squandered momentum. Bolduc set this company up to capture at least 33% of the ETD market worldwide. And Europe sales started with STAC approval. ECAC was the next step. All achieved masterfully and as quickly as respective govs. regulating bodies can move. I think I told YOU right from the beginning that Dr. Jones was THE best marketing and sales guy in the world, that he built an organization from peanuts into a 95% French ETD market share. Significant achievements dismissed by YOU and your ilk. I cannot imagine why...

However, the CEO swap out was not positive, some 7 months later. Why? McGann has not taken care of the one thing that will reward the loyal shareholder corp that Bolduc developed. He obviously didn't follow up on the incoming refi leads that occurred shortly after TSA awarded the company a $162 M IDIQ, the largest for ETD in TSA history. A worldwide achievement of major importance.

Since McGann has decided to NOT speak up about the company, its achievements and its bright prospects, the least he could have done is stopped the stealth dilution. Just cutting off the interest into 8 cent share dilution would have this company sitting in a much stronger position. All of these impressive 3M-6M-23M$ sales would be pushing the SP thru the stratosphere. Manageable debt is OK, too much is not and the perception is ISC is beyond too much, at this time.

So we are experiencing the worst situation for any investor: dramatic rises in sales, huge increases in worldwide esteem, ongoing stealth dilution and a loss of some 30% in the SP under McGann. No way can I be happy or complacent about that, unless of course like you did, I sold out and am now buying back in. No problem with that. But don't forget, the LONGs that didn't sell are NOT as happy as you. Big attitudinal difference there bub.

IGH- he inherited the CEO spot? How bout he "liquidated" the prior CEO while being the COO. You know, the secret lunches with the other lynchers, the CIC sharing plan with said group, the you vote this when I ask for that...and you get a .43% cut in CIC fees. My gawd, its a joke.

IF McGann thought he should become CEO to improve things...he is badly mistaken. All he has done is fill orders that everybody and their mother knew were coming. To my mind, that's lazy beyond belief when you look at a 30% DROP in the SP. Its pathetic underperformance and it has to change.

BL- has been on the dole for as long as there has been one. I can't say he has accomplished one thing, besides irritating shareholders when he fails to mention ISC on "camera". Once again, a blow up doll with an ISC tee-shirt sitting on the newsdesk would be considered activist compared to BL's "work".

As I wrote this, the word NEFARIOUS kept popping back into my mind. As THAT is all I can think right now. Who sells between 2-3M$ in product and has their SP drop and shows ZERO/CERO interest in that...? That's dam pathetic. And here's NOWAK with the "...but glenn got a few dates wrong because the TSA told him that and he should have ignored them and told us OTHER dates or nothing..." ( that's dam pathetic too)

Buffalo- per usual, U R incomphrensible. "Garbage"? It happened. If it NEVER happened, THEN you were right. But two TSA certifications later, a few key certs in Europe and ISC has the largest TSA IDIQ IN ETD in history along with a nice following from European govs. Guess what, that following makes follow on products much easier to push out into the market.

So, to say, you were conned and you lost your investment or misled-- sorry, that's NOT true.

YOu can quibble over dates as has happened and rustle up the prerequisite anger, which is fine and just. But we sit in the catbirds seat and are treated to cat-food, which is the point I am driving at: we've only really just begun ( no Carpenter's jokes, Karen was a good lady) and we are being treated like we totally failed or are about to.

As of Jan.17th, 2015, the SP decay is all McGann's. And it looks like he hasn't even noticed. THAT would never happen with Bolduc in the chair. That's my only point, we have to have some amount of pride in the SP if we want to be the CEO...so far, I see none. And THAT angers me greatly.

Camon, you know its Plat. as does BL. Speaking of BL, did anyone ever see a compensation agreement for the Nowak proclaimed , new "Director of Marketing"...? I sure didn't.

But all shareholders should know that BL and or one of his affiliated companies have been collecting checks from ISC for years. And now its time for those "investments" to pay off?

I am neither a buyer or seller, just a cheap seat spectator, carping loud, sick of praying and eager for this to turn around. This should be dam easy...it actually takes more work to make it this hard. That sounds funny at first...until you consider the motivations.

NOWAK- I didn't think you would support your shoddy accusation, but what else is new.

Buffalo- you invested into ISC with your own free will. What compelled you to do that, in spite of the intense hate you had for the CEO?

I think, no matter what you profess, the answer is the same for all long investors in ISC; this little company could pull off the near impossible by gaining a TSA certification or two and sell its product the rest of the world, along with the TSA.

Now, at the time this DREAM first appeared, it seemed to be an awefully long bet that would of course generate large rewards. But somebody had to carry the dream to the masses of investors-- that is how our system works. We tire of a 5.44% dividend on ATT stock, although its fairly safe, its not a huge reward and it carries some risk. But nobody is going to preach that ATT is going to bring you huge wealth for a small investment. Bolduc preached the possible dream, made it happen but to do so, he needed loyal shareholders to keep a market available for his loan company to sell shares to. He did it. We did it. He is gone. We are not. That brings us to today...how do we escape this dream turned to nightmare? Please, don't say: I'll take $1.50 and not look back. That isn't going to happen.

Personally, I am sick of arguing over Bolduc, but I will continue to do so because he saved this company. I cannot downplay that nor ignore it. While nobody is perfect, perfection is found by those who constantly strive for it. So today, we flounder, every bit of good news brings a poor response in the market. Why is that...? We continue to sweep the dirt under the rug we try to dance on...and everyone knows that. THAT has to change. And what is galling, THAT change is far easier to achieve than what Bolduc achieved yet I see no attempt at doing so.

Really, corp. developments like interest payment in cash? Or interest payment in any reasonable form?

Look, if the fact that debt combined with lack of corp. communications is driving the SP lower has not painted a clear enough picture for you, then what will?

They are making great sales because they have a great product and a great team handling customer service...all givens known a long time ago. Not NEW corp. developments. Remember before there was ECAC there was STAC and before that their was ACSTL/TSA...all significant tells as to future sales.

But meanwhile, Roger is loaning the company money, Plat. is converting interest to shares at 8 cents and or accruing more interest due and the SP is not just floundering, its sinking like a lead ball in a helium chamber. And NOBODY cares...well, when nobody cares about the SP you have two possibilities at play: 1. they want it to sink for reason xyZ or 2. they are paralyzed in sight of it and can't figure a way out.

I don't think we need this to go on any longer. Nobody posts up winning PRs and watchs the SP sink and then thinks, tomorrow is another day. NOBODY.

Show me where Glenn said what you quoted him as saying. Show me the TSA timeline that showed 2-3 months but took 2-3 years.

You won't because you cannot.

A shipping date is about as dam simple a milestone as it gets. You miss that date and you are, what, a first class foul up?

And YES, TSA misses many dates. More than they make. But come on, a ship date to the distributor is what Mcgann was talking about...how do you screw that up? Explain...

RJ- I don't know about that. So far, his tenure has been nothing but the deep ocean where davey jones is at rest. He has shown no ability to lead a public company. I think some see this as a sign of a take under developing; deposed the man that hired him, share price decay, lack of communication, deep product developments are hidden, the public knows little but what it does know it dislikes ( debt)...all can be looked at as nefarious signs...or not.

Right now the SP turns on two trend lines: debt erasure, next product development. There won't be a next product if debt is not erased but there won't be a company is there is NOT debt erasure PLUS a new product(s).

If I was McGann, I would turn the company over to Dr. Jones and continue to develop product but let the public face be a guy that wants to be the public face. A guy that can lead the SP out of the bottom of the sea and onto dry land. Why not...? McGann has proven beyond a shadow of a doubt that he is NOT a LEADER. Maybe in the back room context he is, but out front, the guy the public wants to be a part of--NOPE, abject failure. And we shareholders are paying the price for that ego trip.

Any CEO looks at financial performance as his report card...but to wallow in debt when there are solutions available when you know that your in-action is destroying value-- that's toxic IMO. How do you explain that...?

6FLGS- of course mc gann is NOT trying to depress the stock price. To purposefully depress the stock price to take the company private is an absurd supposition. However, the debt payments in shares does that all by itself. And remember, McGann told us all he was going "CLAM" comparatively speaking. What do we expect after that statement...? I can see his lawyer now: Dr. McGann, when you said you weren't going to publish PRs to the extent that predecessor did, what type of seafood were you referring to... was it a, ah , a CLAM...?

But to trust him is also beyond absurd. Remember the meek/mild voice who explained that a confusingly vague PR about Glenn's departure was what Glenn wanted? And how Glenn gave him the salary he never asked for?

NOTE TO NOWAK: you have no idea of the complications of TSA's approval process. First, to say they picked cargo when they should have picked passenger is beyond absurd. It wasn't ISC choice, then to say that Glenn misled you? OMG, read the published timelines for the process...those are what Glenn referred to. Then consider the record of the TSA in hitting deadlines-timelines-milestone points-- it never did and likely never will until a military man is in charge.

Now, about NOT hitting a shipment date to TSA, well that's a much much much lower bar. And the clarity is certainly there to allow a CLAM to put out a date range...I pray he didn't cause the delay, if there is one. Today, we don't know if all units have been deployed are operating on the line. But we will soon enough.

One thing I would say that does lend some credence to take under...if the company has positive economic news, ie, sales at 1000% above last year, interest payments made, no more dilution--all very material factors in rising or dropping the SP and they are NOT going to announce that in a CC today or tomorrow but they intend to wait until 9/14--they had better have a real major reason for that.

One real positive, as you might guess, the strongest mgt. position is manned by Dr. Jones. He uses the term WE and in a great spirit of teamwork, which I know is true, however, he layed the ground work, drafted all the positions along with Bolduc and made it work. But he uses the phrase "tipping point", Bolduc called it an inflection point, which signals a dramatic change, "tipping point" usually means things are so many in number that a positive change takes place...so if UPTO 605 units means a higher margin, tipping into paying down interest- BRAVO! But say that, don't tip toe around THAT, if THAT is what it is!

Here's a metric for a CEO that can single handedly boost a stock;

Bolduc got Buffalo to buy-hold shares while Buffalo claimed the company was failing.

It takes a mighty wind to blow the ship across the ocean. Thanks Buffalo for holding shares while claiming dislike for the CEO, which we all know is nearly impossible.

I think we've all heard "all take $3/share", problem was, nobody was offering 1 penny a share. But you liked saying it and fact is, we'd all take $1.30 today as McGann has wasted momentum on grand scale.

If McGann misses the SHIPMENT WINDOW by two weeks we are in trouble.

Huge difference between a shipment of ETDs and a gov. decision on who's ETD stay in the cargo room and who's DON'T and or WHEN they do/don't.

IMO, Glenn relayed what he was allowed to relay under TSA's direction. Nothing more to it than that.

Like the fin prick that told us "mid May to early June'15" for TSA shipment? That guy? Is that who you are talking about? Or is that what you are talking about?

Talk about garbage- you claim Glenn misled you for 3.5- 4 years---??? go to the clue store and buy one. A CEO in security only knows what gov. authorities tell him. After all, they are the client and whatever they say and want and do can change month to month. DON'T YOU KNOW THAT?

Apparently you don't.

Try this one: where is the refi? That one is actionable and can be addressed by the "CEO".

Try it again : Where is the REFI?

I am still thrilled that you can't read. "Where are the sales" - Zeynoc