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If you can't see it tonight - It will download for viewing tomorrow or day after.
Announced via Twitter.
It's on the "Discovery" Tweet Page
http://twitter.com/#!/dailyplanetshow
and here
http://twitter.com/#!/dailyplanetshow/status/181779360406175745
It will download tomorrow for you or day after.
John11 - Those are great updates ! Thanks to BORK for responding to our concerns about the website and "Facebook".
Hopefully, if the NEW and IMPROVED website's not ready by tomorrow morning, mgmnt. can UPDATE the current one with new contact #, address, info pending the new one going live.
The TV showing will definitely drive interest to BORK.
Also, thanks to mgmnt. for monitoring the BORK "Facebook" site and deleting the most fictitious negative posts.
What is left is legitimate (both positive and negative), IMO.
"hyper" - thanks for the heads up. You did the right thing and I followed your example.
"John11" writes JB is repaying the loan and/or using the substantial funds raised from his own stock (no dilution/ added shares in the float) for BORK operations. That is a great sign.
Probably a requisite for signing a contract or two as well as fullfilling existing ones.
"Daily Planet" TV show, Popular Science interest now talking to BORK about an article. All really good stuff.
However - There are other issues to debate with BORK mgnt., like closing orders postponed without NIJ.06, the weak website presence and "Facebook" not monitored and getting corrupted with baseless attacks and bogus financials comparing "Ceradyne" to BORK profit margins with zero evidence.
That can not continue. "Unfriend" those malicious detractors with an obvious agenda and protect the investors.
The Lawsuits are old news, years in the making against JB and are a distant cousin to extortion, IMO.
The amounts are negligible and in no way affect the PPS.
The BORK corporate insurance cverage will cover legal expenses, if any.
John11 - Some good news - thanks for the update !
On the other hand: Does JB have a fast-track backup plan in place to replace the pathetic BORK website ? What will BORK do to monitor "Facebook" to clean up the garbage posts ?
The "Daily Planet" showing will raise BORK visibility but anyone searching for a decent BORK website will be very disappointed.
The current BORK website is NOT the first impression we investors expect, or, for that matter, should JB or any BOD members accept, to convey a "Cutting Edge Technology Company" now more than a year after going public.
Worse yet - "Facebook" is the "public face" of BORK, with any current address / phone # contact information.
The HUGE problem with "Facebook" - BORK lets posts remain that are malicious, which intentionally attack JB, the company, Kryron and the investors.
Might as well turn our "Facebook" page over to the lying posters from the "Yahoo" message board. Some "Facebook" posts are taken directly from there.
e.g. on "Facebook" now: "Why do you think JB is selling his shares? Things look BAD." "...when the owner dumps 3 million shares it looks very bad, especially to outside investors" "Looks like a stock scam to me to raise money and that is about it."
Great...I REALLY don't like it and BORK does not need that kind of garbage being read by anyone doing research. BORK needs more investors interested in the company, not more scared away. Our PPS is affected when fewer invest.
The fact "Facebook" allows unmonitored content only drives up the negatives and turns away the casual viewer, prospective customer or investor.
BORK's management's job is to protect the investor's investment in BORK stock and grow the company in value, not allow it to be run down on it's own public site !!
Clean up and monitor it or disable it.
Better yet, get a new BORK website up before the "Disc. CH." TV shows airs.
"hyper" - I looked on Facebook for your letter - not there. Perhaps deleted.
There are relevant posts about "where are the orders that were stacking up pending NIJ" and then there is one woman's four posts maliciously claiming BORK is a stock scam to raise money for JB and posting negative, baseless, made-up profit margins for BORK.
Zero information, overloaded with scare tactics.
Here are the facts about the BORK "Facebook" site:
Without a professional website - Like it or not, that is the only "public face" of BORK.
The bad news -The "Yahoo" board junk-filled board posts and posters there have infiltrated BORK's "Facebook" presence.
The problem with "Facebook" - it has and will continue to bring in the malicious and the clueless and intentionally drive up the negatives on baseless speculation.
The "Daily Planet" showing VERY SOON will drive interest to BORK. How is BORK preparing for the derogatory, ridiculing "Facebook" posts sure to follow that huge event ? Who is responsible for clearing out the detritus on "Facebook" ?
IMO - Unless BORK has more proactive moderators of the posts there - BORK's "Facebook" page is to shareholder's detriment. As a shareholder, I can no longer see the benefit of the "Facebook" site to enhance company value.
A businessman or stock-newbie will find little in the comments to enforce their decision to buy into BORK unless the site is moderated MUCH MORE ATTENTIVELY to remove garbage.
BORK MUST be aware of that too and act.
Good letter. I'm going to copy and edit and echo the same concern. If the "Daily Planet" show airs soon creating interest - and the "dumb" dead site we have is all they find, no one can even contact BORK for info.
As a shareholder I am stunned at how we are being served by mgmnt. on this basic concern.
"60borked" - That is well put and the only thing I can really hang a hope on is the fact someone bought these huge blocks of 100K + shares listed in the open market.
IMO - This was behind the scenes negotiated intermediary selling executed well and quickly by "Scottsdale Capital Advisors".
They are a serious, respected broker /dealer and market maker firm in Arizona.
They provide private investment, company and market technical research and investment planning.
They raise the profile and investor awareness of any company they represent. I doubt that a "deal" this size went unnoticed in the investment market of metropolitan Phoenix.
http://scottsdalecapital.com/
There are MANY VERY WEALTHY, EDUCATED, EXPERIENCED investors in Scottsdale and the surrounding area, including Phoenix.
If you follow my posts you know I've been "whining" for months about needing an Investor Relations firm and top notch financial services to bring new "investors" into the pool.
I might have finally gotten my wish.
If "Scottsdale" clients and / or "Fairhills" bought the 2.9m shares they did so with an understanding of the potential value of BORK.
I don't want to know the commission they got for executing this placement.
Let's hope JB exercised foresight in this trade.
Let's hope the funds raised go toward the right cause - to support operations, sales and the production of Kryron to the betterment of our long-term position.
That makes sense too. JB has loans other than from BORK over the years. He owes a few people a lot of money and lot of people a little money, relatively speaking.
I would applaud BORK and JB if there were an announcement of reasoning for the sale before the Q report.
Let's see if there is anything forthcoming out of respect for the "longs" and faithful.
We'll agree to disagree on that.
Assuming you read the disclosure I helped you to find and read the items I dilineated for you - My MAIN point was that JB has precedent of repaying $171K of his loan from BORK. Don't ignore that.
I personally can see how that may be the justification for the sale of HIS shares this week - paying back the $1m dollars still owed to BORK shareholders to fund continued operations.
We'll see via press release or next Q report. Someone was already lined up to buy them and that transition was very well executed.
I am certain that the extra 200m shares allocated need approval from the shareholders to sell.
http://www.otcmarkets.com/financialReportViewer?symbol=BORK&id=73150
Per the disclosure, JB personally sold 1,000,000 shares to "Fairhills" (page 23) in Dec. '11 and Jan. '12 for $400K when the company was not OTC Current, as it is today when Rule 144 applies.
I think those proceeds were reimbursed to BORK in large part as loan repayment. JB must pay back $1.1m in "loans" from BORK / JBIT (see page 12). Between 11/30 and 2/14/12 he repaid $171K - also in the disclosure. He may have kept the $229K difference, I don't know.
I don't know the tax implications of loan repayment.
My post yesterday discusses "ongoing concern" issues of BORK relative to income. In light of negligible "publically apparent" sales revenue / income, and the $36m stated debt of the company, funds MUST be raised to keep BORK operational.
If JB has sold all 2.9m shares at an average of .55 cents he raised $1.6m dollars.
Question: How did he repay BORK, or will he repay his outstanding balance of nearly $1 dollars in loans from BORK in the future, if not from proceeds from stock sales, his $360 annual salary or 5% commission on gross sales?
Will those funds then be used for operations ?
I assume so.
The shares were publically traded from .66 down to .45 this last week since 3/5/12. Looking at the link below, it appears most were single block sales of 25K shares or higher. The major block sales were 25K to 192K, best I can tell. There were 4 sales of 100K shares or larger.
Someone or some firm(s) bought them all.
http://investing.money.msn.com/investments/charts?symbol=bork#symbol=BORK&event=&BB=off&CCI=off&EMA=off&FSO=off&MACD=off&MFI=off&PSAR=off&RSI=off&SMA=off&SSO=off&Volume=&period=10d&linetype=Line&scale=Auto&comparelist=$indu,$compx,$inx
JB is responsible for his actions and should justify the need and use for the funds. An announcement to the shareholders of the intended use would be advisable.
We agree there.
Where we disagee: I'm not willing to state positively the capital raised was for personal use, only.
BORK shares held by "affiliates" are 65% approx. of those in the float.
The additional 200m allocated are NFS w/out approval.
Well "RockQQ" - we now have the explanation for the high volume trend of lower lows and lower highs and the PPS falling. Large blocks of 30K shares to 192K shares were sold since 3/8/12 totaling 860K shares. Many smaller blocks could have been dropped as well.
I saw a 1.1m share block for sale on Level 2 after the SEC 144 filing hit the IHUB board - for about 15 minutes, then -POOF !! - gone !
A private investor or firm may have gobbled the bulk of the 3m shares JB sold - perhaps "Fairhills Capital Offshore" again.
If the selling is over and JB is using the funding for materials and operations and not personal use, I'll be OK.
The other "issues" remain to be resolved.
I owe you an apology. You are correct.
A lot of time and discussion on the board would have been saved if a link or the 144 filing had been supplied.
That puts a cap on the stock price for the next 90 days IMO.
"Rock" - I REALLY did not like the high volume at .49 today and the chart MA / theory of support at .59 which looked feasible for a couple of weeks, has fallen hard. Lower lows, lower highs on higher volume. The trend is not our friend. You may once again be correct. If so, I hope the cause was not "self-inflicted".
I'm a long and a believer, but I have my concerns.
To date: BORK announced sales to Seattle PA (with no $$ amount) and Collier County @ $6K. Sales income therefore "appears" negligible, true or not. Not enough to maintain operations.
Question: What is BORK's cash burn rate and can the investor be assured BORK will maintain itself as an ongoing concern ?
It's impossible to win new investors or sustain support at any level for long without a sales growth story. So far BORK has not convinced the public investor doing his DD that there is any "there, there."
One very positive I take heart in is all the first-hand reports and TV / video-documented live-fire demos that BORK does and has done for the LE and DoD markets. We all can see the evidence of the KRYRON armor superiority.
However - It is one thing to do brilliant, mind-blowing demos and quite another to close the sale and produce the product. Coffee is only for closers and I'm concerned that no one is ALLOWED to drink coffee at BORK.
All the awesome products in the world won't get made and off the production floor and delivered and invoiced and grow a positive reputation if no one can close the sale and sell the KRYRON ...and sales at this level is not for rookies.
Questions: Who is the employee(s) responsible for negotiating and approving major contract sales at BORK today and what is his / her success-to-failure rate and why ? How are they being held accountable ?
What should be an extremely positive upcoming event for BORK will occur soon. However, I feel BORK management must give extra proactive support for sales inquiries and web presence.
The "Daily Planet" showing later this month or early April will raise BORK visibility immeasurably, but sadly any prospective clients or investors searching for BORK at a dynamic, interactive, informative BORK website will be very disappointed. Our web presence is barely a "billboard" - drab and unprofessional, to say the least and won't impress or help "sell" anyone that BORK is a dynamic, professional corporation.
The current BORK website is NOT the first impression we investors expect, or, for that matter, should JB accept to convey a "Leading Technology Company" now over a year after going public.
A simple move, reflexive, easy "fix" is to accept the "ATL & BORK employees" collaborative project site, even if temporarily. Tweaks or replacement at a later date is not unreasonable.
Question: What is the valid justification for delaying the website, especially past the point of the TV airing ? Who is ready in customer service is going to answer the phone, return the inquiries, support the prospective sale so that clients feel they matter and are not an after thought ? Will that be handled better than BORK has taken care of Pratt & WHitney ?
Lastly - The GPGI merger share PPS was .30 +/- average post-reverse merger, with a lot less shares available to trade for over 1 year. Many, many more shares in the public float now.
Question: In light of the above factors, and others unknown, isn't BORK management increasing the danger that GPGI legacy shareholders consider leaving at "break even" causing BORK stock PPS to break down ?
In summary, BORK shareholders are headed to .30 or lower support for a long time without a significant contract....soon.
IMO.
"bird1" - Thanks - Great to hear that ITAR is close. It should lead to better business prospects.
The AZ shoot demo might get attention from LE agencies and spur them to comply with the Federal Gov't. mandates for body armor and funding (from last April). BORK might consider contacting a few of the PD's mentioned in the article as writing new guidelines for compliance and implementation.
See Link:
http://www.usatoday.com/news/washington/2011-04-07-body-armor_N.htm
A new link to a statement from NIJ about the body armor failure in Phoenix that almost cost an officer his life. The same armor was recently tested independently at the request of Phx. PD at "Oregon Ballistics" wher the "Fatboy" and Ultra-thinline was also tested.
Let's hope Arizona LE knows about BORK armor.
http://www.bodyarmornews.com/body-armor-news/national-institute-of-justice-statement-on-body-armor.htm
bird1 - thanks for the detail about the shoot attendees and the interview for the press. Should be good reading.
I hope we get ITAR soon for overseas sales approval. That will be another announcement of huge importance.
I am impressed JB has his priorities in line about giving thanks to God for all blessings.
JonE - that is a great idea - more coverage and mobility with proven protection from an NIJ plate. BORK does surround the plate in Spectra and wrap it so that is a little mfg. issue. Level 2 might be the best way to go in that configuration...thinnner and lighter.
bowser - great work resarching that link and the segment "streaming'. I am excited that we might get an airing of the BORK interview this month - great timing.
sag - thank you. If all those posting here had your credibility all our lives would be enriched. I don't understand some people. It makes you wonder about what the world is coming to sometimes, I swear.
One question: BORK has the "Fatboy" Level III stand alone (NIJ.06 approved) and the "Thinline" Level IIIA in-conjunction plate and the "Ultra-thin" Level II plate. It sounds like they demoed the "Fatboy" for rifle rounds and the "Ultra-thin" for handgun rounds - or do I have that wrong?
It is going to be a phenomenal development if Pratt & Whitney finds turbine and / or other aerospace applications for the special metal alloy he developed for them.
Very exciting, sag !!
Nice article and mention of KRYRON and Bourque Industries at "Body Armor 101" site:
http://bodyarmor101.com/the-future-of-body-armour-bullet-proof-vests/
"borkfromork" - You posted #9033: "I'm not saying a lawsuit at this stage is justifiable, however, it seems we are going to see one soon." That's from Dec. '11....
It seems you're wrong about that.
It also seems that you posted something you were sure about today, too: "I also wouldn't be overly concerned if JB is selling those shares. It's going to happen, so let's get it out of the way now."
I hope you're wrong about that. I'm looking for an 8K if JB is ready to do so....not an anonymous post on IHUB.
"hoosier3" - Thank you for the fine response - I really appreciate it. It's great when someone can add to the board and our knowledge.
I remember the metallurgist Andreas Siegmund, who JB worked with a couple years back had a lot of experience in battery development, too. I wonder if they still work together from time to time.
This sounds like a very succesful demo, "hoosier" !
*** I'd like all LE depts. to put BORK body armor at the top of their list.
borkfrommork - JB bought the house and is living in it. He is not building one.
JB, as an affiliate of a company in compliance with SEC as OTC Current, has guidelines / restrictions. Rule 144 (see Sticky #4 from JonETrader) requires a public announcement of any sale and the shares are restricted.
Another sale of shares to a Investment or Rescue Funding company might be plausible, but the way it will be "announced" will be differenton.
The individual that implausibly posted on IHUB today about an imminent sale of 3m shares created an irrational immediate "stir" and was incorrect, IMO.
"Luna" - From what I see you know your way around the IHUB board -You're no newbie. An Avatar Navi maybe, but not a newbie.
How did you find your way to BORK ?
I've done a post search and I see a lot of posts on BORK on stock tip boards re: the chart, but that is it. Is that where you read about BORK ?
IMO the chart is unreliable as this is truly a start up with only 2 announced orders. Hard to work with that.
We "longs" are hoping for much better by this summer - NIJ.06 cert was a huge key development.
"hoosier3" - OK !! Thanks, I needed that - I have been waiting for some good news and some facts and you came through !!
Please - tell us - did BORK shoot level 2 or level 3 plates or both ? WHo was there from BORK ?
Did they demo the ceramic plate for comparison? How many LE officers in the audience ?
Any discussion in the demo re: the Discovery Channel filming a package for Daily Planet?
Any overheard impressions from the attendees - good or bad ?
Interesting speculation today re: JB selling shares 3m shares. Here is a good question: Why not sell 10m shares ? Or 20M?
Just as likely given the nature of the "evidence" posted today on IHUB.
Without an announcement from JB and BORK I consider the subject "Off Topic" and an unnecessary diversion from facts.
Let's take a few deep breaths and RELAX.
"sircooper" - do you have any idea what was referred to re: BORK announcement on May 15 ?
Thanks.
Jellybeanie - "JonE" post in "Sticky #4" re: SEC Rule 144 says it all re: JB selling restricted shares.
Rule 144: Selling Restricted and Control Securities
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.
What Are the Conditions of Rule 144?
If you want to sell your restricted or control securities to the public, you can follow the applicable conditions set forth in Rule 144.
1) Holding Period.
2) Adequate Current Information.
3) Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
4) Ordinary Brokerage Transactions.
5) Filing a Notice of Proposed Sale With the SEC. If you are an affiliate, you must file a notice with the SEC on Form 144 if the sale involves more than 5,000 shares or the aggregate dollar amount is greater than $50,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
At this date - No "Notice of Proposed Sale" has been filed with the SEC - therefore it is reasonable to assume any sale would be private. Private sales would have a "restriction" and will not affect PPS in the near term.
JonE - That's a very good point. Their armor is not camparable since it is fragile and has a shorter warranty.
The Ceradyne helemet order is also written that way - as a start only - last I had read it didn't stop AK rounds like the BORK helmet.
Is this an open door for BORK armor? KRYRON armor for a lighter, faster, more sophisticated vehicle? Retrofitting MRAPS with .50 cal AP proof ballistic plates?
Armored Vehicle's Future in Doubt
Cost of 'MRAP' may hasten end.
THE WASHINGTON POST
Associated Press
Saturday, March 10, 2012
"...the administration is looking to a lighter, smaller and more technologically capable military to conduct specific missions."
"Last year, Navistar Defense received a $133.7 million contract to service vehicles in Afghanistan and Kuwait, and ManTech received a contract this year worth up to $507 million over 10 months to repair battle-damaged MRAPs and make upgrades.
http://www.washingtonpost.com/world/national-security/pentagon-contends-with-surplus-of-armored-trucks/2012/03/01/gIQAByHaxR_story.html
I've read worse news than this as a BORK investor, but not much worse...one door is closed, let's see if another one opens.
Published: March 10, 2012
"BAE Systems...recently received a $48 million DoD order for soft body armor that could expand to $108.5 million over the next year...for all U.S. ground forces in Afghanistan and Iraq. The vests, which weigh about 17 pounds, include ballistic plate inserts, collar and groin protectors.
BAE said the contract's value could expand to $267 million over four years."
http://thetimes-tribune.com/news/business/bae-s-jessup-plant-gets-48m-contract-for-body-armor-1.1283658?localLinksEnabled=false#axzz1orgFi0cx
Not very happy about this either:
Published: March 11, 2012
"Security Experts Admit China Stole F-35 Fighter Jet Plans"
...thanks BAE Systems...
http://stratrisks.com/geostrat/4607
midi- The shooting test and review from June '09 is strong evidence that BORK has a competitive product in the NIJ.06 approved "FatBoy". The demo results recommend the single curve "Armored Mobility TAC3S" plate (made with 3 mm steel over compressed Dyneema) for ALL Level III threats. A 10" x 12" plate weighs 7.5 lbs., retails at $585.00.
http://www.m4carbine.net/archive/index.php/t-32839.html
http://armoredmobility.com/products_tac3s.php
AMI: (vendor requested that one plate be used for all test shots)
3 shots M193 successfully stopped by the plate.
3 shots of M855 " "
3 shots of LeMas " "
3 shots of M43 " "
3 shots of M67 " "
3 shots of M80 " "
1 shot of 12 ga " "
He writes: "...given the scenario that the expected threat level included all the calibers and loads tested, including M855, then: If I knew I was getting out of my vehicle and walking directly into a gunfight, whether or not I had underlying soft armor, I’d want to be wearing "AMI TAC3S" plates.
BORK offers a longer 6 year warranty, equal if not better threat protection and perhaps less backface deformation.
I believe BORK has a winner.
pacco111 - Sooner or later a "normal person" would conclude that BORK armor passed NIJ.06 and is a vital part of the future success story for our investment.
It's OK for every "normal person" invested in BORK to derive tremendous satisfaction from that fact.
There is no need to:
"...tend to cling to a possible miracle....hanging our hopes on as yet to be discovered other unique uses for the alloy."
Agreed ?
sag - Was that a "Thinline" or "Ultrathinline" plate(s) you weighed then shot?
After all the shooting - Does it look like the backface deformation is less than 1.7" which is NIJ for level 2 ?
Thanks
Thanks, that's good to know.
ATL - Your developed site option is far more attractive and dynamic than the current site at www.bourqueindustries which is a "temporary" solution to the loss of the lst site due to some snafu. The current site BORK has up is undeveloped and unprofessional in appearance.
IMO - The www.bourqueindustries website is not a positive reflection of the alloy or company we are invested in.
What can be the possible harm to JB or BORK investors like myself if your site goes "live" now when the current site is little more than a billboard ?
***I suggest that JB green light your site for the time being and if there are modifications needed, thay can be added later.
....at least until JB can "find" a better freely developed version of the "ultimate" BORK website and replace yours down the road, too.
We have been focused on the goal to replace the current "OLD" static design site with one that has video demos and helpful information for contacting BORK and using gov't. funding for armor purchases e.g.
The difference is night and day. Your site is better by a landslide.
Where do you get the idea that BORK will put 100 million shares to the market before the next financials are released ? I did not read that BORK was going to do that, did you ?
BTW - The finances won't come due til about 45 days post 4th Q end.
The PR about P A Seattle was the first announced sale since Sept. '11 and it seems certain to be more than that $6K order. NIJ was key to this order and it will be the tip of the iceberg. I'll take it !!
Besides, I really am opposed to denigrating LE officers.
Their purchase means these LE officers have decided they are willing to bet their lives on BORK KRYON armor. They accept the armor and are willing to buy it.
We should be honored that men of that character have so chosen our little company.
I am grateful to them and their faith in BORK.
I also like how it's a location far from Arizona, so it's not a "backyard" favorite. Let's show a bit of patience with order progress.
We might get a nice surprise someday !