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When I called on GM I learned working with large companies the 3 Laws - 1.)It always takes 3 times longer than you thought 2.) The volume and dollar of the contracts is always a third the size they told you at the beginning of the process 3.) It is always 3 times the work you thought to win the contract. So I think we will just have to wait. I just wish I had traded my 2M+ shares while waiting for the news.
I said just search the internet and then email as I said on the email I posted. I do not put out in the public people's phone numbers. Read my post I will help you find the number.
Agree with you. I think this is the reason a lot of slow off has occurred recently. There has been no confirmation of the supposedly bright future. I bet we will drift down to the .02s by the end of the month if we hear no confirmation on the contracts. I just wish I had traded this stock when it hit .05s the last two times and re bought in. I listened to the board not the stock chart. I will learn one of these days. If they do what we think it will be a huge winner but until we see results it is just a dream right now.
Operative word is was being changed does not mean it has occurred.
Thanks for pointing that out. With STS they are in the biometrics & IT business good pt. So in 2017 the market is probably 100B in size.
True the right pr could make it rocket to the moon. I think these guys are not a scam. Remeber these are federal contracts and they will be in prision if the scam the gov't.
Finally someone agrees with me that they did not put out a follow up on the CEO change so they are probably not going put anything out until earnings. Most companies put out a pr when the new CEO change happens not this company. It tells a lot about the company. When calling they everything is fine if so why not put out a pr on the CEO change that it has taken place. It makes the company look more like a pinkie. I think this is one reason for some of the sell off now.
I think the $1 people are saying is pushing it. It is possible if they win 5-10% of the biometrics market. According to Crammer it is a 2.5B market growing at 19% a yr thru 2017. At that rate it be a 10B market in 2017. So I think it is possible but it will be some time not a yr.
We will not have any idea until we see the earnings and see the margins they are working on. If they make 25% margins and win 500M business it is possible in a yr or two but it is just conjecture. I doubt they will get to a dollar until they get off the pinksheets. That is imo a first requirement to get to a dollar. I heard they are working on an uplisting but need to confirm that.
I am thinking you probably have called this one right. We all hope we get news sooner but I doubt we will.
I hope your right but I was told we would have news last week and we did not get it so I believe they are running into the typical problems when dealing will large corporations. I hope I am wrong. I keep hearing from sources everything is going well I have to believe it until other wise.
Just my gut feeling from working for Fortune 500 companies. They take for ever to get approvals. I think they are trying finalize the contracts with these large companies and it takes time then on top of that they have to get their approval to us their names in a PR. It takes time - I bet we will not hear anything until next month that is my guess.
Not until we see significant contracts that the company PRs.
If large enough we might get to .25 by yrs end if not I see .10-.15. The dollar price I think is out of the question unless these contracts are huge. At this time it looks like they are having trouble finalizing the contracts
Thanks I was not sure that was the right way to calculate but I thought it was
Agree but I now understand it completely. We need news like contracts.
I meant Richard instead of Michael
So have is the 51% calculated for Michael to have majority control?
He get 350M shares of Class B ?? Does he get the 124M shares of ClassA plus does he have some additional shares from before. This gives him 474M shares then divide it by 1.131 B shares gives 41.9%. So he needs another 102.81 Shares to get 51% control.
350M Class B shares + 124M of new Class A shares + 102.81 Class A shares for restricted = 576.81 shares then divide by
1.131 B shares gives 51%.
Please correct me if I have this wrong.
Great explanation of share structure - so what number do we use to calculate eanings - 1.13B shares or 781M shares??
Call Richard and see what he has to say email me at gibber12003@yahoo.com if you cannot find out his number.If I could find it just about anyone can because my search skills are not that good. I will guide you through how I found it
Call him you can get his number pretty easily
No I said as an investor we need confirmation. Since I have not seen any confirmation on all of these good things everyone is saying like you and others, I will probably have to sell because you cannot invest on hype & fluff. He just said if I sell my shares they will be absorbed quickly. I just said again we need confirmation on the change of the CEO has occured along with other business aspects. Richard is a nice guy and I think he is the guy that gets things done like winning contracts but I believe Sym is the strategist and planner for the company. I think the two are a good compliment.
Your 100% right
Just said if I sell they will absorb your shares. Call him if you want and express your concerns. He sounds like a really nice guy.
Agree, need confirmation all we get is everything is going well. I got that from Richard when I called him and I told him thats great but we need confirmation.
or the company states some facts like contracts - everything now is just conjecture
The receptionist is different many times - never knows where they are. Always when asking if they are in I cannot see.I worked in a share office before and it sounds & feels like one.
They are not cheap in a good location
I called and asked how many work there and they said two - sym & robert. It sounds like a share office to me because what the receptionist said.
Has anyone talked to Richard recently??
Do we know that for sure because a pinkie pr was written have you confirmed it with anyone else or do you just believe everything you read and take it for the truth??
I am not sure the new CEO will be shareholder friendly. At this rate my guess Sym was probably a better CEO for shareholders. It only takes 5 minutes to update shareholders I am the new CEO and I am looking forward to future we have as a company and shareholders. The jury is out on the new CEO but I know which way I am leaning. It has been 15 days since the change was suppose to happen and no updates. Looks like any other pinkie right now because made statements but have not seen results.
You might be right but everything is just conjecture here about this company until we get confirmation. Just another pinkie until the management confirms that the CEO change has happened, they have won contracts and file 8ks for all of this.
Just another pinkie right now. Management needs to make the needed PRs or they will lose credibility soon.
I also have called Syms and left a message along with Robert.
True but on contracts it is just conjecture and we do not know if they have been able to beat ID. No 8k has been filed according to what I can see to confirm major contracts and change of ceo. On what people are saying and investigating things look great but the market is not willing to value the stock to higher values until confirmation. So until it does confirm these things it will act like most other pinkies.
Gee someone else feels my way too. Unfortunately the posters here will just shoot you down and say you have no right to this information. Without news this will just act like a pinkie. If I had known how this management team operates I would have traded this stock and sold my 2M shares each time it hit over 5. I will give them a little more time. After that I will become a trader of my shares and maybe I will able to get better returns on my investment.
Possible but it looked like a more gradual walk down. If someone needed the money I think the stk would have dropped straight down. Hopefully we will see what happens this week.
It looked like real professionals did the walking down to get in cheap at the last minute before news is released.
So why not the shareholders???
I try to meet the CEO and people that work in the company when I can. In the Bay Area I go to RedChip presentations and meet CEOs, I go to some of the investment bankers conferences to meet company people or analyst that follow companies I am interested in. Unfortunately this one is in NY. I sometimes just drop in on a company. I did that recently with GFGU then asked them about their competitor NEOM. I think meeting in person is best and try to do that when I can.
Exactly what day did it take effect?? It is important for my records to have an exact dates. I am sure the gov't will want to know for contract purposes??
I posted a concern about the CEO change and not hearing on or around Oct 1 and got jumped all over about my concern. So I have decide not to get involved with my concerns any more on this board. I was told I had no right to making the company to live up to their last PR. I am a shareholder and I feel I have a right to keep the company I am invested in to have the company live up to their statements. After those post I am not planning to discuss my concerns here because it seems the only concerns now is is the MMs are screwing them or if their orders are getting filled. I personally do not believe this information is as important as the company meeting what they say they are going to do.
First off I am not going to say who I talk to on this bd if I want to keep up my relationship with the company. If I did that then we would not have a trusting relationship. That is number one rule. I learned the hard time a couple of yrs ago developing a relationship with a comany I was investing in. These guys read the boards or at least monitor them every now and then. So I will not discuss specifics on the board and say exactly the words used by the company. So if you do not believe me just call the company. If you do not have the money for a phone call then you should not buy any stock. I also talk to other investors by phone and emails and we do not discuss in any specifics on what we say behind the scenes.
Second you need to learn how to talk to company people and how to ask questions. It is how they answer questions or in the mode in which they talk tells you a lot. You also learn not to ask always you need to provide something in return. After yrs of calling companies you learn how to talk to them.