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I always try to look big picture at this deal. This little mouse house just kicked the crap out of some billion dollar market cap companies, and got what 70% of the first round global orders?, B220 was a dummed down device for a dummed down admin, L3 will fully expand on the patent portfolio best believe that. They will get the lions share of anything they bring to market with it,they know that because of 220's ubiquity. These guys may be horrible with IR,but they know what they have just accomplished. From L3's view this is just another day at the M&A table, to write a check for 6-800m to dominate the sector is nothing for them, 60m debt for their IP is nothing. L3 has been in discussions with them since 2008, all along I had hoped it would be them a lot here though the same. Glenn told me years ago that 500m #, but that was thinking 30% of market share..
HX IP is worth 300m alone. They are going to pay up for the tech,it puts them in the catbird seat well in to the next decade. JMHO
One day soon, very soon, IMO we are going to wake up to halted trading here. And that as they say will be that.
It's a crooked exchange,and one of the many reasons they needed to uplist. All moot at this point, I fully expect May to be the last chapter in the ISC saga. Let's hope to be "delighted" at the #.
My dream is to sell in May and go away. CTSI will never let this run.
I think a big part of their IP value is the HX. What do they currentely have bagged contractually with the 220 globally, like 300m? The handheld sales will dwarf benchtop, the apps are endless. So strictly talking out of my ass and daydreaming about a buyout # that will have me doing the snoopy dance,a thought occurred to me. They hire DJ, who worked for GE and they bought Ion Track from BM. DJ knows every player in the sector,as well as the potential of ISC tech,and influences the BOD to sack GB and BM slides in to join his buddy. This has been in the works for years.
Pretty sure it was Mark Gregorio. Darryl Jones IMO is a key player in this happening. I'm certain he was able to provide L3 with exactly the kind of potential of future products,as well as his former employers weaknesses. Hard to imagine he's going on four years here already, but like we were saying then why would a guy walk away from a smoking gig at Safran to join a cash strapped micro cap without a pot to piss in? Pretty obvious to us now what he thought of the tech then, and where it was destined.
L3 Has had their eye on ISC for many years,finally this is all coming to fruition. Let's hope the good doctor has convinced them of many multiples of gross annual sales for the #, we already know the IP is highly coveted.
Outright buyout IMO. They simply have to have this tech in their lineup,it's the crown jewel of ETD. Eveybody gets so caught up in their debt- that will get swallowed up by L3 in an instant, you gotta look big pic here,L3 gets ISC and they get back to top dog. This deal is done,ink dried, just waiting to time release with L3 CC. Think big multiples of earnings..
If I had to venture a guess, L3 was waiting to see if they were going to get the rest of the IDIQ. We know that's going to happen with the extension, they will prolly get the whole CATSA. Lot's of stuff in play, the long awaited consolidation is unfolding rapidly with the Morpho deal starting the party.
To me the biggest takeaway to that promo was it seamlessly went from L3 tech to ISC tech,and no contact info for ISC anywhere.
Patents,all bout dem patents.
We are well past the point of media doing anything. Here's my whole contention-we once thought this would be a $5 stock, now some have rationalized it's a 1.50 stock upon sale due to this and that metric. I took us a year to figure out MCgann didn't give a crap about shareholders, and now quite a few people are underwater after years of hoping for much greater returns than maybe a double. I didn't wait 6 1/2 years for a double. It is what it is now, it could have been different with someone else at the wheel. Don't kid yourself in to thinking they had no option but DM with an eight figure contract with the govt,they just didn't put an effort in to finding one. PLEASE no more excuses for them, i'll take my pithy beer money profits and chalk it up to lessons learned.
I think it's more a case of they are scientists before biz execs, and they have just kicked the Platinum can down the road.
Same here,just a head scratcher as to why they shun media. GSN has done more to promote the company than the company.
It's a 1.50 stock in a .50 wrapper!
Actually right after they announced platinum went from under 5% ownership to 55%. You know you can always use your credit cards for a few mores shares..if you haven't already.
They have the best tech, virtually nothing out there can compete with it, that's why it is being chosen. They have predatory lending,which has to be a concern to the govt. I'm fairly confident it will all work out through a proper M or A.
The closest this company came to BK was Dec 09. I do contend TSA is not happy with their letcherous now majority owner,their debt, and their ability to handle biz.
Never said I thought they were going BK, however I do think it's a possibility they are holding McGann's feet to the fire to sell the company before they do fill the rest of the IDIQ.
True, gotta think they are nervous about ISC's lender and ballooning debt. Maybe they are holding up on any further fulfillment on IDIQ till it trades hands?. Guess we will know the answer to that question on the next earnings call.
If it is indeed a outright sale they are moving fwd on, I would think a big part of any delay would be an approval from TSA. There has to be some language in their IDIQ with a provision for this very occurrence- and we all know they move like molasses in winter.
There are several outside factors working to suppress the SP,unfortunatley the biggest one contributing to that suppression is the inside one.
Maybe it's me, but I sure as hell wouldn't be posting on an OTC board of a stock I didn't own. Quite frankly I can't wait to get off it and I do own it.
Well, that is the general consensus,you certainly don't buy them at the top and hope they tank in the future. Sounds like your agonizing watching this creep,and didn't take a seat a half off last month. It could tank next week,or be getting closer to the end game. Place yer bets..
So true. Our frame of reference is one product,that's a dummed down version at that. You have to think any whale that's interested in swallowing us is aware of much more than retail and the scope of their IP. I still contend we are underestimating the valuation of their patent library. We are all too close to this damn thing,but IMO trying to put a # between $1-2 on tech that's a paradigm shift and already deployed globally seems a bit of a bargain?. 60M in R&D debt to develop 15 patents that could service a billion $ market seems like a pittance, I'm sure the comp couldn't RE those for less and that doesn't even factor the time involved.
I'd like to think I know what I own here, and try to separate that from this mgmt team's performance. Let's hope their skill set at building value to a potential suitor is better than their investor relations. Hell, McGann is an ego maniac, maybe he's so proud of his product we might be blown away at what he can fetch for it?
This hasn't seen a .10 up day in several months. It's going to get bumpy as it's a trading vehicle again. May should be an interesting month.
Even though it's trading like it's 2010, it's not the same company by a country mile. With three consecutive Best of Breed GSN awards and their running of the table contract wise globally the people who count know about them. Gotta be an optimist to be in this one, but the thing about hanging out for so long here is you get an up close view of just how long and difficult the process takes. This tech is the only reason I have weathered the maddening fvck up's, and have to think the valuation on a purchase will be heavily weighted on the IP. 60M in debt is chump change when factoring the amount of R&D time and loss of awards for a competitor bringing a like product to market.
Looks like consolidation in the sector we were discussing here five years ago is finally starting to happen. I would like to think Implant had something to do with that, and the silence could be part of a much bigger picture. Other than that, I got nuthin.
Well, they were sure buying the crap out of it when the former CEO was in ,to the tune of 5&10Mshares a day a couple times. It's always been a diamond in the rough, let's hope some whales think the same.
Truckin', up to Buffalo. Been thinkin', you got to mellow slow
Takes time, you pick a place to go, and just keep truckin' on.
I could have bought ASTC five years ago,which has done nothing since, and be up more at their SP today than this one probably will be post whatever. At it's zenith, I was up nearly 750k here.
Definitley, but if it's such a lead pipe lock at this point for 3-4 X move,where is the buying interest?. The SP makes no sense,but you can't hide volume and there ain't any.
Are we getting ahead of ourselves in that we have already mailed in an outright sale, when there is yet another twist to this plot?
I mean after all it is Implant,the most cursed stock I have ever owned. There's gotta be a way we can screw the pooch one more time right?
Spring cleaning before sale? These guys are going to roll boxcars at .10 per
Who knows, all shadows and dust for shareholders.
He knows where the CNN,MSNBC,and Fox news rooms are that's for sure. A few years ago he was on half dozen BOD's in the sector, when I met him around three years ago at an IMSC event his biz card was from Edge 360. Guess he's trimmed it down to two since then. Personally I think the excuse bag has long since been emptied with this BOD. Would love to be proven wrong, because that will mean i'll get out of this grease fire with a small profit.
The latter. Egomaniacal lab rat masquerading as CEO. If you want proof to that just take a look at their lack of media and complete disconnect with shareholders. These guys are already multi millionaires- it's all about pissing on themselves.
Let's "hope" that they are not embellishing the #s relative to those "five or six interested parties" and it's more like one or two. That's going to be key for shareholders.
Brother if there is one single thing we are in dire need of here at this point it's a little magic- as opposed to smoke and mirrors, which is what we have been fed forever with this gem.