No they were NOT buying shares. They were getting hard earned shares for doing the seemingly impossible- getting TSA approvals for a company 35M$ in debt against huge multi-nationals and a buying doldrum.

You have to have three things to be very successful in security products: outstanding/unique tech approach that gov's approve of, ability to sell around the entire world while using your selling organization as a recon tool and smart timing.

I wouldn't give McGann a single share for the job he is currently doing. Dr. Jones I would give many shares and Brenda also. So when CLAMS buys shares, its time for LONGS to buy shares.

6FLAGS- when insiders start to buy shares, THEN you know it is time to buy.

Security products are often bought when its too late. IF your supposition was true, the world would have invested heavily in security products right before 9/11. The President himself read this threat briefing in earlyAugust 2001" AQ Threat Close At Hand" and still took a month's vacation.

IF it were NOT for the TSA, I would bet that Fortress Europe STILL would NOT be invested in security products.

Then take the USA, extreme turbulence inside the TSA today. EXTREME. Can't say that loud enough. Basically, the entire orgainization was exposed as weak and ineffective. I would guess that the cargo sector is far worse. Until systems can be safely automated, the weakness will exist. I sincerely hope that mcGann is looking at this. I know Dr. Jones is sharp enough to chart a product evolution that addresses this. IMO, this is where the TSA's future funds will go.

Oddly, this is the message that will attract new investors. Many, myself included, see current sales as possibly removing debt over 2 years, but by then, what does ISC have to offer that is likely to be bought by gov.'s around the world?

As long as McGann is stealth diluting and CLAMMING us, the stock price will weaken.

6FLAGS- 70 cents / share for ISC presents a relative value question...

A. IF you believe that this mgt. team can work with what they have, pay off all debt BEFORE a competitor or competing technology takes their #1 position in ETD position, THEN 70 cents a share for ISC is fairly cheap and certainly should be bought.

B. IF you feel that you don't know enough to make any type of judgement regarding value of ISC, THEN 70 cents a share is very over-priced. The dilution overhang and the method of diluting would scare anyone away without the benefit of mgt. clarity on their plan to erase debt.

The world defaults to B. at this time, thanks in no small part to mgt.'s inability to promote company achievements, mgt.'s lack of desire to communicate a debt reduction plan to anyone other than Nowak, mgt.'s vain claim that they are a leader in a category while they cannot pay the interest payments on their loans and worst of all, IF mgt. had a single clue as to the strongest aspect of this company, which is its loyal shareholder base, the "mgt." would inform that base as to product developments which would at least activate the base into buying at 70 cents.

I am thinking about selling some as the 50s are next up IF this mgt. does not communicate with its BASE- the loyal shareholders that Bolduc built into the company. The complimenarty buy back in point would be when / IF mgt. starts buying shares.

How many times must I repeat this:

McGann or Jones or Both receive options to buy IF they bring at least $15M in new financing to the company. The option amount is 1% of outstanding shares at close and the option price is set to the day of closing SP and upon BOD approval. So two trends make this a McGann future shareholder delight;

- share count is rising every qtr. so is the 1% outstanding

- share price is dropping since McGann went CLAM. Refi can turn this around easily.

Lest you all forget: McGann was COO specifically charged with streamlining production to output at least 200 units/month. I think its safe to say he had THAT one in the bag.

While I expect the first of 3 or 4 TSA shipments has gone out in the time frame MC GANN announced in the last CC, there can be NO announcement of that without TSA's approval. I think that comes when they are deployed.

However, this is NO excuse to keep McGann from PR'ing that: ISC is paying all interest in cash, has paid down some outstanding interest and has a plan toward solvency.

Note to MC GANN, when you debt is larger than your cap, you are not the market leader of anything. You are the CEO of a Zombie stock. Worse, you don't seem to care. Oh yeah, the 1% buy option--jeez, that is so easy to forget. A real DELIGHT.

Strategic Intent- Bolduc layed it out and we followed him as he hit those points along the way.

McGann has not supported or repeated Bolduc's strategic intent. We have heard, sell product- build product--parts of Bolduc's strategic intent. So we continue along Bolduc's path? Its a viable question because the answers drive messaging to customers, investors and employees.

By the way, what you say to customer needs only be slightly changed to distribute same message to investors. "The worldwide leader in Trace, watch us GROW and WORK toward an uplisting."

Nobody is going to buy this stock without clear signs that the company will begin to deal with debt. BEGIN--good start. Starting NOW, with this declaration: we intend to pay loan interest in cash. And we intend to remove debt agressively as our sales continue on a sharp increase.

OK- the company has an arc...and a story...and what about a hero with a stated plan to deal with dangers/threats ( debt)? And what about WHAT IS NEXT? That would be product innovations and introductions. What about those?

Even a bean counter knows his bean counting days are numbered IF the company does not promote itself. To run silent- run deep means you may NOT come back to the surface.

Its dam absurd to have a $2.2M product development grant to provide ETD 2.0, the non-contact era to faster-more accurate and in potentially larger volume of interrogations in a shorter period of time, and NOT promote that milestone in the ISC story.

The HERO- McGann of course- the father of trace finds a hot-bed of intellecutal property and he is hell-fire intent on developming that IP to superior security products that protect the world. Come on- this story works, this story allows for logical points to follow as investors can jump on when points are reached and when the story looks to be a huge success.

But to go CLAM is a similar state to corp death. This is not a zombie stock but it is being perceived as one. That must change.

12.25M$ BACK INTEREST has to be cleaned up first. Then all interest due must be paid in cash. This alone will allow the company to move forward gradually. And it provides a decent 4th paragraph in the narrative of the company's story and outreach to the market.

I will wager this: McGann, give Bolduc the same option you have...if he brings say $25M, not $15M that your incentive shows, give him an option to buy share in the amount of .75% of the float at the SP on day of close, we know you get 1% of outstanding so this would be a better deal for the company and apparently, one hell of alot faster. I think Glenn finds that money.

Ignoring all means at your disposal to erase dangerous debt is a dereliction of fiduciary duty, IMO.

How can THAT be funny? Glenn said they had plenty of inquiries as to financing. He didn't say they were from Roger...

Fact is, a company with NOTHING was financed right along the growth path to ETD dominence by the very hard work of Glenn et al. IF Glenn could line up and bring home 60M$ of financing based on maybe 15M$ in sales, why can't ANY-FRICKIN-BODY line up say another 60M$ based on a $162M TSA / US GOV IDIQ-- not counting the Euro wins, at say 7.5%?

Look, Glenn is forced out and who benefited: McGann and Liscouski.

Who benefits by building 1800 machines and paying down debt over time as the SP decays to little or nothing? The guy that brings in NEW financing of at least $15M---either McGann or Jones.

There is nothing funny about this. Its all about inside money, change in control bennies, new finance bennies that will get easier to gain over time while the share price declines, the float grows as does the 1% buy option with an 11% CIC pay out waiting.

Its NOT a sane story...to struggle in debt for years on a wing and a hope of breaking through a closed sector and then DOING it, only to have the new CEO go 101% CLAM...when the story actually turns to brightening fundamentals IF you work hard to erase debt. But if you don't, the float grows- the SP shrinks and THAT is McGann's incentive.

Its royally lazy...the King always gets what the King wants without much effort.

Ah Buffalo- you are much too jaded to actually expect a straight faced response AFTER you bash the man who took a piece of nothing and turned into a TSA/ECAC ACSTL-QPL listing, as he promised he would...however, you are about to get one;

BOLDUC: Gain Gov. Listings- Sell Massive Amnts of B-220s- Clean up debt- Uplist- Sell when Cap at $500M MINIMUM.

MCGANN: Follow Bolduc's Plan. That is exactly what he is doing.

FYI- BL or BL COMPANY's have been collecting checks from ISC for years and years. It was the cost of having BL associated w/ company. So nothing NEW in that.

IF McGann can clean up debt, he can refi and gain a nice windfall for basically doing his job. IMO, he CANNOT clean up debt on just B-220 sales. IF he could, he would, but he can't...so...he must direct NEW product innovation and this is a job he is uniquely qualified for.

The missed benefit to all of us loyal longs ( not sure you are with us or against us) is that by having MC GANN LEAD THE COMPANY, A DRUNK PR COMPANY could take the story a long long way and find busloads of new shareholders by timing the telling of the story to NEW PRODUCT INTROS and DEBT ERASURE. My 9 year old could write that up for Show-n-Tell at school and it would attract attention.

So there it is: the hopes of all shareholders ride with McGann doing what he does best- INNOVATE. Sadly, telling that story is the glaring weak point. ( hint to BL-- do something!!!) A point that Bolduc could easily tell. I mean if he attracted all of us into the stock with NOTHING, imagine what could be done with EVERYTHING.

IT- not following who or what, but second hand is just that.

IF McGann is true to his word, he is doing and NOT saying. And when he SAYS he must DO. He did SAY - TSA SHIPMENT #1 from late May to mid June. I believe him.

ISC submits a draft PR on TSA shipment #1 from ISC, which TSA will sit on until they feel OK allowing ISC to release that PR. Until that time, the wind is gone.

You'll see the sign on volume, but price won't change much as I expect the mother dump truck of all dump trucks to appear with unlimited supply. But as shareholder count increases, enthusiasm by investor osmosis increases too. Think of it as Stealth IR to potentially increase the SP. ( that's best case for describing McGannistic Investor Relations)

IT- did you attend the shareholder meeting? IF not, as you have indicated in prior posts, how can you make a diagnosis as to MCGANN's actions toward improving the SP? We all know he is NOT interested in communication with shareholders. So this attitude will be reflected in all manner and volume of street communications until something changes. But would it be too much to ask ISC to put up a current deck that shows some sort of strategic intent? IE, leader in contact and soon to be leader in non-contact intends to gain major exchange listing inside of 9-18(?) months...

My sense, McGANN knows IMSC is a dead stock until he can improve the financials so why bother talking about a dead stock until you show significant financial improvement. I don't agree with this but a CEO is a CEO until he isn't. This also plays into his largest, current potential windfall, a 1% of increasing outstanding share buy option at decreasing price IF he brings at least $15M in new financing to company. Smart money says he does it when current outstanding interest is paid out. IMO, that can only happen via ops if qtr. revs. exceed 38M$.

I am waiting to see if BL gets same finance share option opportunity as McGann and Jones have.

I am assuming that TSA part 1 of 4 shipped in late June as McGann has said to shareholders. We just have to wait until all units are working online to hear about it, IMO.

I did hear some positive feelings over weekend from old friend who is following ISC and looking to buy shares if the "E" is actually "awesome" by buyer acclimation as opposed to mgt. comment. This would be easily confirmed in fast track TSA approval after quality data package submission, which I have to believe is set for this summer.

Waiting to hear how many MORE shares have been deposited into Plat's account over the weekend. ( ah, yeah...I'll guess <3m,>2M)

The wind is down, but waiting on a gale that is brewing...

TED- you point to a very key issue: the gov. takes too long to cert. anything. They know that. And they are working very hard at improving it. Thus NO MORE IDIQs as they don't want long term commitments. So new tech. as it emerges is absorbed and vetted at a pace that matchs the terrorists tempo, which is very fast. Expect shorter cert. periods but more products going into testing=more competition.

Ted- Yes, most certainly a new cert. process as new modes of operational integration are developed. ( think, one out of 15 passengers are interrogated at the curb, before they dump luggage into the system or instead of a random one out of every 250 checkpoint interrogations, that number goes to one out of 30 but takes 1/50th of the time).

Non-contact is NOT knew but it will evolve that way. The world does look to the TSA con-ops for what works and how to do it. But to offer non-contact while selling swabb--erp, that deminishs revenue and you never want to interrupt a sale in progress. An old boss used to say: Successful salesmen are great talkers but even greater listeners. We are listening and developing the "E" to TSA's exacting specs. I predict greater sales for the "E" than the 220 and the 220 is a world class ETD champion IMO.

IT- do everyone a favor, do NOT watch the SP, OK. You cannot change it by staring at it unless your last name is Kreskin (sp.) or Carnak ( sp.).

When they PR the first TSA shipment, then you can watch the SP rise like heat waves in Death Valley, OK? And that May to June shipment that McGann SAID but DIDN'T DO, well it has to be close at hand. Has to be...

Ted- the fast analysis: B-220 sales to TSA and ROTW level out debt. ( maybe). The profit that you point to in your post will come from THE NEXT BIG THING, hand held non-contact ETD-DTD. ISC is the leader in non-contact (IMO, but I know of a few more like minds in this regard).

BUT, TSA acquisition mode will not occur thru an IDIQ. This is good in that they won't get a pre-set volume price discount and bad in that it the company cannot use/parlay the value of the Non-Contact IDIQ for other things. Apparently, this mgt. cannot parlay anything in that regard, meaning we have a $162M IDIQ From TSA, can we get a 7.5% interest loan? No we cannot.

But non-contact is much bigger than hand held ETD and DTD, it will be a key element in passenger baggage and cargo screening as swabbing is so ineffective against next gen. bombmaking. say ver.2.0. The old bombmakers were sloppy in comparison. We've seen a huge change in their level of skill and heaven forbid they ever get an actual clean room. That thought keeps me up at night as it may be a larger threat than AQ getting RAD material or a RAD BOMB.

As far as I can see and based on McGann being wrong on May to Mid-June TSA delivery #1, the company will run up more debt, has not paid down interest, has borrowed money from Roger's Grandmother ( LOL) and has not advanced on a ending stealth dilution, thus still has the NYET sign for new investment attached. Again, this is my read, my opinion.

We know TSA is excited to get non-contact into an active layer as it allows for so many advancements in security its not even funny and we also can guess that the company does NOT want to upset a sales wave in swabbs by introducing a product that makes swabbing so 1865-ish...until we have sold the swabb to everybody, including Roger's Grandmother.

Hey Maebs- thanks for that review! Did McGann conclusively say that there was NO TSA SHIPMENT IN Q4/FSCL '15?

Was the 150 you saw, the NEW 150-E or the existing 150? This is key because the 150-E is what is going to save the company...

You said Bolduc cleared up a finance issue...what exactly was THAT finance issue? It is good to hear Glenn being actively involved as he owns plenty of shares. ( single largest shareholder?)

IF TSA did not ship in Q4/fscl, then the revs for the Q will NOT likely get over 10-12M$ and the company likely did NOT make a profit for the QTR, which likely means we don't hear much till Sept. when better news is available to mix with Q4 and fscl 15 being significant losses.

The business plan going forward IS the old business plan. However, new product development is the key to the future. Since TSA will NOT be buying ETD under an IDIQ after the current one is filled, it also means the company will not be able to rely on a steady flow of orders from the largest buyer of ETD on the planet. So paying down debt while the TSA IDIQ is active/in force and delivering is very critical in my view.

Note to Pat: of course unit price is super important. The higher the ASP, the faster the debt can be erased. I have to believe YOU understand THAT!

Guess: 200 ROTW units, 290 TSA units. McGann said: TSA end of may into early June-- that's the CEO saying that not me. He did NOT say the number but referred to the prior TSA schedule with final unit delivery in mid-16 calender. You cannot walk that back. McGann can and should if it changes.

Its not make or break, its break out of the old pattern. Its underpin the re-brand, its live up to the NEW standard. All of those things don't happen to the DEAD brand ( Morpho).

Key, begin to pay bills, like interest on debt and interest on interest. Those alone underscore NEW STANDARD breaking out of past constraints.

The Q has to be > 300 units but could go double that. They had months to build out backlog.
And note, the TSA has a huge need to have the B-220 on the line yesterday. Consider, TSA wants the first 1170 so they can buy another 2300! That's right, Smith's can be heading for the dumper too. Nobody needs a RAD ETD hunting for threats.

Plus, there will be a significant progress payment on the TSA's development grant. Its about $2M and my guess, they have completed about 75% of that already. They were waiting for key patents to issue and those have.

Again, this is all guesses as we are kept in the dark. The whole idea of UPTO XXX UNITS is kind of bogus, it should read: UPTO XXX/TIMELINE, XX SOLD AS OF TODAY.

This company needs to stand up and shout, not quiver and quake. Its time!

There are TREES everywhere and there is plenty of money being spent around the world. The threat is growing, not waning.

This qtr and fscl 16 are the result of excellent planning in terms of the lumpy nature of ETD.

Maybe McGann will quote from the latest world wide market assessment for ETD in the next CC. Bolduc used that number pretty wisely. What is funny, S/M ignored the prior report and now they have egg on their ETD and it won't come off.

There are numerous public information requests in progress RE: TSA's unit price / B-220. Not sure that would be considered a STATE secret...but if so, then the Russians will know thanks to traitor Snowden.

ISC PRs when they ship. And TSA can pay some amount in advance but I have to assume that cash stressed means COD. No other reasonable way to think about it.

Agree, the wording in some PRs points to an amount over time but THAT amounts to saying and NOT doing, of sorts. So you can SAY/DO, but you can't say: SAY/DO/NOT DO SOME OF THE TIME-- that's a whole new animal and worthy of a new SAY/ SEMI-DO?

hum-- some IF then math;

TSA order 1170 units, say its 4 parts not 3 so that equals 292 units, say at 36K/unit =10M$ just by itself!!!!!!!

We can quibble over how many ADDITIONAL units they sold in qtr, but its HUNDREDS so again, say 250 but at a higher asp, that is almost another 10M$.

My scorecard shows this Q to a be a grand slam Q. More in one qtr than the entire last two years! If they need 6M to meet expenses, then take the 20M at say 45% margin, that delivers almost 10M net. Sure its a guess, but you don't post up PRs like ISC did and NOT post up eye-popping revs.

IT- I think Plat converted early. Whenever there is demand, a huge supply appears.

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What sales are you seeing, because I have seen hundreds of SOLD units this qtr. PLUS McGann stated "late May to early June" for TSA shipment #1. That came from McGann, the do / don't say guy so I expect him to DO but if NOT, then say why. I know, he's not bound to do that, but he also stated that the TSA shipments were back on the original TSA schedule.

Taken with the fact that we know just how poorly Morpho ETDs perform compared to ISC, which the TSA is painfully aware of, then one might conclude that McGann was right on point.

Nowak- the investor base would want to hear all about the kind-type-position-strengths of the company they invest in as much as a potential customer needs to hear the about the unique position-strengths of a company they are going to buy from.

They should be concerned about how they are described and perceived by everybody. EVERY BODY!

This may create a point of dis-connect; the salesman ( BL in this case) says one thing and the buyer diligence cannot find that same thing he was told in any of the company's public messaging. IE, I tell you that ISC is the leader in drug trace detection. You research that online and don't find anything to support/prove that- errp, disconnect. You may hear that again in a follow up or worse, never hear anything again.

Companies have suffered greatly due to this "event" that happens during the sales process. Take FORD, their rep was a high defect rate, their sales began touting the process of lowering the defect rate because corp. recontoured the brand via: Quality is Job#1--all messaging aligned, then came the logical follow up- Ford customers giving testimony as to the quality they experienced in their NEW Fords and then point #2, potential Ford Customers finding a Focus better than a Corolla etc.

Pat- a couple of good points you made. However, to say that recent ( april to may into june sales) are connected to rebranding is like calling Chris Christie a Prima Ballerina-- you can do that but nobody is going to buy it.

Product features can make up a brand/image of a product, but to my mind, re-branding is how everybody thinks of ISC: buyers, non-buyers ( almost more important with that group), inside sales, foreign distributors, employees, current owners and importantly, folks that are familiar with ISC but have stayed away from buying into the "experience" and of course the street. A solid powerful image making re-brand gives everyone inside the company an opening dialogue with everyone outside the company. It gives buyer A a useful description to give to potential buyer B etc.

He could have said: ISC is the google of threatening substance interrogation. I think, and I hope I'm wrong, but he may be thinking that saying: new standard = a rebrand. Using new standard is not bad within the context of who the company is ( the real brand message) who created the new standard.

Fact is, these sales have been in process for a very long time. The actual tendering kicked off when Europe stood firm on the deadline for implimentation, thus the rush of sales. When ISC was STAC approved, it really started. ECAC was final confirmation, except for a few French airports and others who had to "test it themselves".

Now, to re-brand is one thing, to spend money on pushing that out into the marketplace is another. But you can't spend until you have the revitalized brand. So step one, to my mind has NOT even started. The new website would flow out of the re-brand, not drive the re-brand.

But you may be spot on, re pay down of debt. But if you are, then I would be really upset with NOT communicating that. Everybody is looking forward to that moment when shares will not be paid for interest and when the interest mountain is gone. THEN they can refi and pay out the convertible first loan. We'll see if there is another shipment of shares going to Plat. in early July.

Has the logo changed? Or the position line? Or the company description? Or the outreach to the market? Or company video overview? Or new way to purchase? NO.

Have they added pics and gussied up the website? YES, but THAT is NOT a re-brand, its a website change.

If THIS brand is 1000 times stronger than the old brand, then they need to re-rebrand and get to 10,000 times stronger than todays. The market is NOT sensing anything, the SP has been in decay and the communication level has decreased. ONE sure sign of any re-brand is the messaging that indicates something NEW had happened AND the message frequency goes up as does the reach.

I think just a low level PR outreach that B9 has been calling for would be a nice first step down the re-brand path.

While sales have been increased dramatically, its NOT really new to shareholders as we all knew THAT sales were coming once they achieved STAC-ECAC-QPL-ACSTL while having NO RAD in their ETD.

"The most certified ETD on earth, the B-220 from ISC, if its there, we'll find it faster and more reliably than anyone else. Visit our website, watch a our technology primer and request a demo."

Shi- plenty of potential investment dollars watching ISC closely. Bolduc toured for years telling money men to watch us grow. Yes they are growing sales very quickly. But the number one question: are they paying this Q's interest off in cash or shares? Are they paying down the accumulated 12M$ of interest?

My sense, IF they are, they should be talking about this. The debt is one thing, but the interest is NOT a pink elephant in the room, its a pink elephant sitting on our heads.

This QTR should be spectacular---at least 300 units before TSA is counted. I believe we DO NOT hear about the TSA shipment until it has been fully deployed. That makes sense. But the cash is in hand.

We'll find out shortly if Plat has converted. And believe me, Plat. is going to convert plenty when they find out TSA part one has shipped.

The other huge factor is WHAT IS NEXT?When Europe is fully sold to, where does the B-220 go next? And what is the next product for TSA to purchase?

Pat- the touted rebrand should NOT have been touted. That is an issue, why say you are going to do something that you have complete control over and then NOT do it?

The re-brand = debt payment plan/ new product innovations. Both of those will allow new dollars to enter the stock. Until we start hearing about that, movements will be mini, but up. You don't sell 300 / 40K units and stay ignored for long--if you are paying your bills.

Vintage- NO ISC is nowhere near a biotech in testing phases- its a marketed product competing and winning in the marketplace. Its back story is what is attached to the motor.

You obviously didn't listen to that CC. Sorry for you. But hey, you were 100% wrong on sales and 200% wrong on Dr. Jones. Quite a feat?

RJ - good post re: swiss cheese thinking at TSA. How do they sleep at night while knowing their secrecy process is full of holes? Worse, their acquisition process means the products they buy can be also bought around the world. ( guess who else is a likely buyer of those "security" products).

Seriously, I read their stuff ( their process and their methods on maintaining secrecy) and think: OMG, we are toast.

The good news, they are finally seeing non-contact as on par with swabbing. The bad news, AQ -ISL are likely to have tested those products shortly AFTER TSA . (IMO).

Imagine the CIA buying at Radio Shack. ( sure, an exaggeration, but still to the point). They are not closing holes.

My hope, RED TEAM goes through an OTE site. Add a "fan" and guess what then happens...

Here is a big change: Once qualified (passes all required testing), bidder’s systems will be added to a QPL list posted on FBO.No IDIQ contract will be issued.

Tech Layers- Operators-Concept of Operations= system.

IF any is weak, all are weak. IF they were pierced 90% of the time, IMO, TSA needs a complete review-shake down of everything they do. ( in process, IMO).

I believe we fit very well into the NEW revitalized TSA. And non-contact trace is going to have a more important role than swab based trace detection. And NOBODY on the planet has the IP or the capabilities to do NON-CONTACT trace better than ISC.

With that said, I hope McGann grows a pair when the Hx is cert'd. and begins to promote the company. By then, ISC should be debt free or at least unchained from the bottom of the harbor where it now resides, unseen, undesired and relatively unknown inspite of a REBRAND and a MORE DO-NO SAY style that only adds weight to our problems.

Listen to the IDIQ CC. It was layed out there. But don't listen, I don't care what you think. You still couldn't figure out the sales process while you carped on end about lack of sales, about Dr. Jones being inept. When you publicly THANK Dr. Jones, then we can have a discussion.

Oy vey, you have added another layer of bone!

You are close to brick wall status. IE- Where are the sales?

Do you read any of ISC filings? Do you read what the TSA requests from the ETD-EDS developer ecosystem? Do you know what the Hx was/is?

Please, two products, both non-contact: handheld and conveyor linked multi-headed vortex.

Buffalo- I think swabs are about 99% ineffective. ( ask the Red Team)

zey-please, don't respond to anything I post. I cannot read your "thoughts" and keep a straight face. Seriously. But do some low grade detective work: TSA bought the 220, what haven't they bought? That would drive their development grant process. Think.

McGann stated that ISC was NOT the low bidder. Smith's could have been higher. In fact Smith's ability to deliver was rated ABOVE ISC.

So I believe that ISC was the best product at a price acceptable to TSA.

You miss my point, customers are NOT willing to pay more than other customers, except when volume is addressed. IE, I buy one Mustang for my State Police, I pay $35K for it. But State XYZ paid $28K because they bought 8 Mustangs. You get that.

To contemplate a unit price below 19K is to open the door to a never escaping debt via the TSA's IDIQ. They may make $500 / unit at 19K. So plenty of things point to the price higher.

But you have to consider Dr. Jones knowing Morpho's strategies and Morpho knowing that Dr. Jones knows their OLD strategies, so plenty of cat-mouse bidding going on.

One other thing, IF I did bid say $18,500 per unit, I would do everything possible to disguise that poor bid. So your take has that going for it, unfortunately.

dreese- their(S-M) 36K was already priced below their msrp, meaning 36K is already discounted! Sure their msrp could have changed and likely did, but I will guess that 36K was 25% below their prior msrp, so 18K is what to msrp and where in relation to any positive margin?

Agressive price quoting is what the system encourages, but loss leaders? Tough to wrap my head around that. I could see a 25K to 28K/unit bid by either or both S-M.

Again, Bolduc/McGann both are pretty sure that 19K was NOT ISC's price per 220. Can you imagine how hard it would be to get 42K in ECAC markets if your european competitors can prove you sold to the TSA for 18K? Its a stickey wicket as the brits might say. ( lacrosse term)

IT- please, they will buy when they KNOW they will make a killing...OR...they bring a refi to the company of at least $15M and gain super low priced options on 1% of outstanding shares.

You throw a lure like THAT into the company and it will get taken up.

In terms of communication--- I have a huge problem with them. As we have seen, the market does also.

But I have to question my fellow shareholders who are OK with that. It has turned ISC liquidity to "sleet", not "ice", but it looks to be heading that way.

Hang in, be cool, say what you want, realize YOU do affect some shareholders perceptions and also realize that I have to listen to those affected shareholders. ( LOL)

The fellow upstairs told me in a dream-- come on man, listen to the CC. Glenn was asked how the first order ( 1170) will roll out, based on what he knew at the time. So again, our CEO was TOLD XYZ by a party that has NO liability but is paying the invoices so anything can be also true. McGann pointed to the planned TSA delivery schedule. I suppose it could have changed but i will also supposed that it has to compress, not expand in terms of # of units / shipment or part.

Duh- TSA is paying ISC some $2M for a non-contact product, so I will go out on a thick limb and guess, it dam well better conform to TSA's specs. But the question remains, did TSA develop a new concept of use for non-contact? Sure some of the same subs-surfaces-disguises apply to non-contact was swab but how a swab works is different than how a non-contact product works. The swab has to "bump into" molecule to capture it.

Buffalo- so we agree- swabbing is non-desired? IF so, then we also agree that TSA wants a non-contact solution from ISC, IF so again, then ISC has a brighter future than either YOU or MC GANN are letting on...?

dreese- I read all of that months ago. But here is where I think this discussion got off track;

- at the time of the protest, TSA had an order processed with ISC for 390 units or 1/3 of the total quantity they wanted...that became a payment form placed into process.

I totally agree that both S-M bid lower than they have ever bid. Remember, their ETDs had nuclear material in them, were undesired by TSA and likely were bidding LOW just to gain a lever to use in protest of ISC's win. But LOWER does not mean, cut the price of the last submitted/accepted price by 60%.

If their margin on a 36K unit was 50%, cutting their price by 60% off the 36K unit price would mean they were losing money. Remember, 19K, the price you claim is ISC's winning price was NOT the lowest price.

Here's how/when we'll get confirmation, and it won't come from MC GANN...after the first shipment goes to TSA and is fully paid by TSA, another payment form will go into process for part two of the total shipment to TSA. So a new document will post with a new date on it and possibly a new amount or close, depending on how TSA has configured the # of shipments / 1170 units. According to what was disclosed after first IDIQ PR was posted, the TSA intended on taking the 1170 units in 3 parts thru a mid-2016. I think the IDIQ had an expiration date in early / mid '17. But not sure on that point.

IT- plenty of OTHER investors have read your posts here. And they are looking to sell once the first part of the TSA order ships. So if you think your advocating for the good, it might better be called advocating for a dump.

But you are a shareholder and have the right to post your thoughts. And you also have to right to know MORE about the company than the company's competitors know.

dreese- the GOA number of $23M is for the first order put in by TSA ( IMO). Not the full IDIQ or not the full 1170 as the first part of three was what that number pertains to.

McGann did say that ISC was NOT the low bidder, meaning, according to your #, 19K was higher than either S or M, which if true for any/all of the bidders they will have a very ugly time convincing ECAC that 42K is a fair price while the TSA/USA received a 19K/unit price.

We also had Bolduc refer to that quoted # as " I don't know what that $23M means" or close to that. Again, the take away, it had no connection to what Bolduc knew the unit cost to be. Again, my reading of the issue.

Also, we did find out what S or M's stored ETDs were sold to the TSA for a few years back ( I think '10 or near that year), which was bout 36K/unit. Would either S or M, bid below that 36 level? Sure. Would they drop down to lower than 19K / unit ( remember, ISC was NOT the low bidder). I find that to be absurdly low.