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Maeb- I think we hear of a strategic investment into IMSC along with an accompanying BOD member. I also think the other BOD members need to be ID'd. McGann has an opportunity to put his imprint on the company. Glenn did the heavy lifting to this point and his BOD are dissolving away.. Hassett's departure is telling. I expect an eye-opener of a CC. A sleeper CC could really hurt.
Remember, IMSC received 2.2M for product development. At the very minimum and for the TSA's sake, he has to announce some level of progress. Now that the IP has been cemented thru the patent office, there is NO reason not to and every reason to speak up. Think about the audience components: partners or strat. investors, TSA, potential customers and least but certainly not last, the loyal shareholder base that floated this leaky boat for 4 plus years.
When the CERTS come home, we go to a better place!
Maebs- fear not. When the "products" are cert'd, we will be acquired. Too much unique and powerful IP wrapped up in IMSC's toolbox. Today final pieces of the IP were announced. Now, a dual mode/ high-low/hand held and a multi-Vortex headed conveyor link capable ETD are protected and able to enter the world. The resolution will be the highest on earth. An Everest-like achievement.
Along with this perhaps a notation about our QDP timeline for each unit and we should hear about the first part of the first TSA order and possibly some debt erasure. Plus, who will be on our board? The tag alongs are gone. All told Thurs' CC should be powerful.
I wish all IMSC LONGS THE VERY BEST IN NEW CORP. DEVELOPMENTS.
R/S to save a listing is quite different than an R/S to gain a listing or solidfy a listing. There is an art to it. The stats clearly show that some 98% of microcaps, without cash, that R/S to save their listing eventually fail. But check out ROSG, a nano-cap that kept its listing, wavered, almost crashed but gained some business, built out their IP and are moving forward. So its all about the intrinsic value inside the company that is NOT being appreciated that determines the success of a R/S and timing events to positive developments is key.
Does IMSC have those events? I think so.Very much so. A new product might be one of those events. Or a significant sale to China Air might also be one.
Lets not forget, there is a CRADA in progress with TSA right now. And THAT will come to fruition soon.
Glenn's strategic intent was always uplist to an exchange, get the cap to $500M before looking for a buyer. He worked toward that steadfastly and one day, that will happen.
Sales in Euro markets are looking more like 66% of the the TAM, which is also a very significant marker that many bigger players have to be following. My guess might sound something like this: We want a part of your company if you can figure out what to do to rationalize the ownership structure.
Not to NOWAK- STAC-- the French air travel authority also tested and certd the B-220...then ECAC did...so the little French airport that decided IT also had to test it was, lets say pretty lame by anybody's standard. Maybe they should have had the guys at Stall #4 inside their airport do their evaluation before the b-220 gets certd for Stall#4????
Good post MAS and likely spot on. But there maybe some levers in your analysis that are NOT spoken to. IE. if say an L-3 takes a huge position to wipe out debt, well, I think plenty would see that as a huge positive and push the stock to where-ever it belongs ( another discussion there but its UP).
If its THAT kind of infusion, which would be the best kind as they would likely be HOLDING onto shares.
Some pain coming, that's all part of growing out of convert hell. So lets get to it!
Not sure how ECAC tested, but I have to assume they used a conops and they collected data in the lab and in the field. So right there you have your comps. False alarm rate- Rad material- cost of expendables- resolution in ppb etc. An ETD unit has a comparable profile especially in a lab setting-- in the field, well that's a different story as the variables are large with some be unique to that specific day.
Not sure I trust the local at Reimes vs. The Best French scientists...but think about this, who do the French dislike more than Americans-- the Smiths. THAT was the competition in this case.
But with that said, the second French airport to buy USA is going to be one of the greatest PR bonanza in this companies history-- and that would be a tragedy to NOT promote world-wide.
Yeah, Plat has to dump at any price so its a buyers bonanza...I pray they wait till Plat. is out, pay them some money on certain loans and force their conversion hand. Plat's 8 cent converts are better than 8 baggers today. Its up to the company to knock them out of the conversion share price degradation trend.
No actually Nowak, Glenn targeted 1/3 market share way back when. I targeted above 1/3 but less than 1/2...so today is a nice win for the hardest working sales team in the WORLD!
Further, zey, the Fed's own military airports not ones operated by locals. I can't speak to the French ownership structure, but operationally, the French belong to ECAC which was in charge of testing ETD units.
To my larger point, having to demo units for each airport is a larger burden on a smaller company. Buy some shares, today is telling you to do that. I just did.
Easy, ECAC already tested them and cert'd them. I could understand FRANCE testing for French airports in a shoot-out manner to determine the BEST one but each airport is beyond stupid. It does slow down the momentum which helps Morpho as I believe they are in process right now.
But turn this around, say Morpho was ECAC cert'd for cargo and passenger...would each French airport test Morpho before buying?
The where is it, between your quoted 3 and 3.5M$--which was my point-- its a moving target.
TP- the only cost of doing business/qtr was quoted as about 6-7M$ or about 24M$/yr...so they have to pay the bills first and NOT borrow more...and the real unknown, have they gained a TSA deposit on the first shipment? If they have, then you are totally right, they have plenty to pay off that $3M loan.
Vintage- no sure I agree with dumpage by LONGS...sure some a over-fatigued but selling for peanuts seems counter-intuitive. But some may have locked in what gains they have.
Back in Feb. Plat. converted xyz to 1.5M shares which are long gone. Since then, who knows how many they converted as they may have believed what we all believe- the company has a great story to tell and it continues to add chapters and it has said it was going to re-brand itself--therefore, Plat. wants more shares to have ready to sell.
TP- now, but rumor has it: 3M+ But I have to read those terms,which have plenty of odd-ball clauses but were made when IMSC was at death's door.
Vintage- Plat. is always selling and always has been selling. Outstanding has gone from 16M after the first Plat. loan to some 74M now...aside from awards/ buys to/by insiders, all Plat. sold shares. Guessing, say 55M shares in 4 years.
SHI- how weird are ECAC buyers-- well they have paid into a fund (ECAC) to test ETD gear and certify said ETD gear as WORKS FOR ECAC countries. Yet airport by airport or country by country, they re-test ETDs that have been cert'd by ECAC???
Its laborious and very lame. The parallel, Newark Airport has to test the B-220 that the TSA cert'd... to insure it works as TSA claims?????
Props to Dr. Jones for pushing the demos thru the fence and making it happen in Morpho's backyard.
Actually there is: Yes, IMSC has to notify Plat. that they intend to pay off the first loan, the 8 cent convert loan---but Plat. can only hold so many shares ( 4.99% of outstanding) so Plat. could convert upto that 4.99% amount and then take the balance of the loan in cash, OR file ownership notice, which we all know they won't do.
But the better strategy- PAY THAT LOAN NOW. and flush Plat. out of that 8 cent convert. That is key as it says: now YOU know the amount of shares that will enter the float and then, NO MORE sneaky shares. That would be a HUGE positive...and even a huge upside for Plat. as some buyers would then call this a stock with all its cards showing.
I would do that in a second- nay, half a second.
BB- it does do that. And it sucks out their current holding. And while a promotional approach looked like a premature idea at .90-1.02SP, the price is in the danger zone, .60-.75.
So a promo tour, if it can be called that, attracts future buyers and possibly current buyers as many might feel that a 75 share has future dilution built in. At .95/SP some might have looked at that and said: whoa, their debt / stealth conversion means WAIT TO BUY.
Really, one way to kick this "tour" off is release a PR about paying off debt interest in cash and paying out the balance on Plat.;s first loan, the one with the toxic convert.
A month ago, I felt-- they need to do something but not a full fledged effort until they have a debt pay down of sorts. Now, things are dangerous as the company does NOT get a one mistake break.
But your point is a fair one and well taken!
BB- here's a funny response- EVEN PLAT. IS BUMMED OUT ABOUT THE SHARE PRICE DIRECTION.
But to answer you, they seem fairly clueless as to what to do. When you are 50-60M$ in debt and its rolling up interest at 15%, well sitting around and letting your vital blood, the share price, rot away is NOT smart mgt., NOT a sign of mgt. working for shareholders and dangerous. What happens if something does go wrong? Its over and done as they have NO cushion anywhere.
To be clear, I would sell out today for $1.59/sh if this is a preview of how this mgt. team intends to support and promote itself and OUR company.
NI- there is much to believe in, if YOU have been in the stock for a while. However, the issue is- believers are a small group. The company has fought for every inch it has gained thru pain and sweat and innovation when nobody else cared or even saw them doing it, except believers- so hats off to you for knowing what you own.
BUT the direction the SP is trending is terrible and to my mind, unacceptable for a company holding a $162M IDIQ and world-wide gov. certs. along with unique product features that stop Terrorists from succeeding...why not get out in the media with a short history of The IMSC innovation story and how they are escaping debtor "prison". Detail the USA protecting the USA and other parts of the world while manufacturing in the USA. Explain the TSA protest has actually helped the company by exposing Morpho's high false alarm rate, a featture that recent buyers of the B-220 have pointed to as DECISIVE. Then speak about what is next in broad terms because nobody buys yesterday, its always about tomorrow.
Reno- they might want to cut some salaries until they are out of debt. You can't drive a Caddy until you paid off your trade-in Corolla.
Stopping the rent on a SD area office and calling that a restructuring is a grand reach. A re-structuring on a large scale is what is needed UNTIL they escape debt. I am talking 25-33% cut in expense line that should be directly applied to the debt-bank.
Rule of thumb, when you are going backwards, stop paddling. LOL.
Yes, those are significant sales. Sales that started months and months ago. Actually started with Glenn hiring Dr. Jones and with the company pursing ECAC approval.
Do you think they are doing a good job communicating the unique value locked up inside IMSC?
Buffalo- you had NOTHING WHATSOEVER to do with Bolduc being removed. Greed did all the dirty work. They took from Bolduc and spread it around to roll up the votes on the BOD.
But you were even more wrong about the after affects of Bolduc being removed. Now we have a mgt. team that has had everything given to them and they have turned it into much less. That is a "talent" that no company can afford. Let alone a micro-cap deep in debt.
But I digress...they round up $1.49/share, I am good with a sale of the company because since jan. of this year, they have proven they cannot manage an emerging growth company.
There is NO excuse for leaving shareholders to rot while the company has a world record IDIQ. NONE. Who the hell does that? What handbook are they reading? How To Piss Off Shareholders and Waste Away years of gains? Its unacceptable from 360 degrees of viewing.
BB- 1170 units for TSA, other sales from branches of DHS. TSA won't dump Smith's ETDs. They like having a second option. I was hopeful they would but I doubt they do it until other branches have purchased thru the IDIQ. Then, if Smith's has not gotten its new ETD cert'd, then maybe they fill in Smith's w/ B-220s.
I peg the ASP of a B-220 to TSA between 37 and 39K. At 20K/unit, they would be selling at/near a loss/unit. ( retail is about 45K, margin is about 50% in vol.)
dsully- agreed on the shareholders meeting IF they have not woken up and paid off Plat.'s first loan.
But Plat. always was and will be a seller. Share count during Plat's loans: 16M to 74M. The exact same time as Plat's move into nat. resources which they did very well with. Only thing that would get Plat. to convert & hold is a real buy out possibility,( apparently they didn't believe the Buffalo show on a buy out either) but even then they are NOT taking any chances. And that is the problem w/monster debt in your house-- you don't get one mistake.
Also, McGann's hands maybe bound during this sort of black out period while machines are deployed. That is a guess.
But every shareholder must know, not much will change except the amount of dumped shares until they erase that first 8 cent loan and pay Plat.'s qtrly interest in cash, not 8 cent shares.
OK, we hit .66 and I missed it. Dang/Not-dang. At this point Implant induced hypothermia sets in...but as we know, even if it gets better, it can be a disappointing stock.
Buffalo- think about how obsolete your POST was before you ended with the period.
- Bolduc made this company a REAL competitor in security products.
- You said: if they get rid of Bolduc the stock will jump- it hasn't so think about that claim.
- At .10 cents a share, the ownership structure will still be retail, so there won't be a buy out at .10/sh. there.
- You knew what you were buying and you knew all about the debt structure so there can be NO complaints about Plat.
I believe we have to see what mgt., and I use that term with a modicum of optimism, does with the inflow of revenue. Obviously they need to insure that they can operate for a 1/2 year so that's the first 20M or so...the next thing is begin paying loan interest in cash and if possible force Plat.'s hand on the balance of their first loan by paying that also. Any actions other than this indicates very poor management and or other agendas.
They have to pay BAM interest-- I don't know that there is a pecking order. But good question BB.
IMSC signed the agreements with Plat. NOBODY made them do it. Actually, shareholders prayed for them to find ANYBODY to loan them the money. Sure it was toxic but IMSC is still standing and part of the deal is IMSC pays the loans back faster than ice on a hot griddle.
Just the way it is. Nothing can be done unless you can find a lender that would pay the loans off at a lower rate. We all thought they HAD found a lender willing to work with them but the Morpho protest seemed to stunt that but it pointed to one thing-- ANYTHING CAN HAPPEN TO A MICRO CAP IN MEGA-DEBT.
B9-likely MORE than that! But that's not going to overpower stealth dilution when you carry 50-70M in debt at 15% or 8 cent shares.
OFROI- its a pretty easy explanation, when you cannot determine ownership structure ( share count in this case) it makes it hard to buy stock. The loan agreements have put the HOLD sign on share buys so buyers today either don't know these agreements or they believe something very BIG will compel buying and move the SP up. Non-buyers are looking and watching to see what the company does with rev. from first TSA shipment.
Things can turn pretty quick with: We sent 300 B-220s to TSA, with some of the revenue we are paying Plat.'s first loan off and we intend to pay Plat. interest due on all other loans in cash going forward.
The PR that and the stock action begins to turn. Consider, in the last 4 weeks they posted rev.s 2 times higher than last year, before that they posted potential rev. ( IDIQ) about 80 times higher than their previous year so why is the stock going in the other direction--- nobody knows where the final-fixed share count is going to go.
I stupidly made the mistake of buying shares last week at 78 cents...my thinking: TSA PR has to be coming and along with it a loan pay off PR-- I was wrong.
It should be noted that Plat. is due what IMSC agreed to. This is NOT their fault. They saved IMSC when no one else would. Its on the company to do the smart thing and begin to pay off the loans. When debt is higher than your market cap, you are very vulnerable.
IGH- nah, Plat. took the IMSC share count from about 17M shares to some 74M shares and they are far from done taking it higher. To be fair, about 4-6M shares of that increase went to mgt. in some form or another. These things we know.
We also know that we owe Plat. 1/2 of a boatload of cash that they can convert into 10 boatloads of cash via 8 cent loan converts, 8 cent interest converts on other select loans and 1.18 converts on yet a different batch of loans.
The problem is this, as the share count rises, Plat.'s 4.99% cap on share ownership also rises.
This is very maddening to investors, as in, great things happen to the company while the stock results are terrible and trending worse. To change this poor dynamic the company must pay off the balance of the first loan, the one that can convert at 8 cent shares. And it must pay Plat. cash for interest owed.
While these toxic converts have NOT killed this little company, they make it vulnerable. You can well imagine the SP if the GOA sent IMSC a RED mark of sorts. Ka-boom.
Further the 50 or 60M$ of debt makes IMSC a target for all the despicable tactics competitors can think of...they are pushing every button to dent this little ship.
McGann will show us what he's made of and how he thinks upon first delivery to TSA, if it hasn't already happened. IF he does NOT immediately pay off that first loan to Plat., then this stock is in big trouble. And if he does not make a statement regarding paying Plat. in cash for interest owed on the balance of the loans, then the stock is in trouble but to a lesser extent.
Right now people look at .75 cents a share and estimate that another 40 to 60M shares can enter the float so they say, I'll wait for 50 cents.
It should also be noted that McGann has an incentive to bring at least $15M in NEW financing to IMSC, should he or Dr.Jones achieve that, they are entitled to an option buy of 1% of outstanding at the closing price when the financing is effective. Here is the language that McGann characterized as a casual, easy agreement something to the effect, just tell me what you can pay me:
" The agreement also provides that within 30 days after the completion of an equity financing, the gross proceeds of which to the Company are not less than $15,000,000, the Company will grant Dr. McGann an incentive stock option to purchase that number of shares of common stock of the Company which, together with all other option and equity awards previously issued by the Company, will equal approximately 1% of the Company’s fully diluted equity."
IT- of course its Plat. Further, the structure of their loans makes them a perpetual seller. Their shares in possession # is 4.99% of outstanding. IE, 75M shares outstanding=3.74M shares in Plat.'s possession at any time unless PLAT files a statement of ownership. So they have to dis-gourge in order to take in more shares next qtr. or next week should a major event occur. Please, the penny anty shorts know this so hell yes, they short at 82 cents and cover at 78 cents...that's called water torture one drop at a time.
To the shareholders who carp about PLAT's ownership BUT want the company to promote itself--please, that is soooooo worthless its not even funny. Its incumbant on this mgt. team to get the company out of permanent conversion status and debt free AND tell the market about it.
Truthfully, this mgt. team has had everything given to them: the IP, the products, the sales plan and yes, even the limiting debt. I am NOT worried about sales in the slightest, nor am I concerned about R/D-- those are in the bag! But mgt.'s approach to financial affairs is dangerous and limiting to all shareholders. They must address this or they will have a shrinking shareholder base, not a growing one.
The company barely confirms outstanding share count numbers and usually fails to disclose a share interest payment or a loan conversion to shares but every qtr. the outstanding # of shares is higher. SO PAY BACK THE FIRST PLAT. LOAN WITH FIRST REV. DOLLARS AND STOP PAYING INTEREST TO PLAT. IN SHARES.
How many of you bought shares this week? Likely answer: NOT many. Yet you want OTHERS to buy shares????? Come on, how friggin honest is that???
We all want the same thing, a $12 share so we can carp about it not being a $13 dollar share. Sure, we're selfish like that-- we we took huge risks to allow a market to be built which allowed Plat. a place to turn loan interest in money which allowed the company to borrow more. That is just the way it is and NOBODY but a gambler would loan this company a dollar-- but Plat. did. And now they want what they deserve- payment. But the company is a lazy slack machine if it keeps a stealth conversion in place--not much good happens when you operate in that manner. Its a high wire act-one thing does wrong and it's all over. So mgt., do your duty, get the debt situation handled or the pps goes to $.62 cents and stays there until you do. Do you really want that...?
I can point you to at least 15 investors ( buy&hold) who know all about IMSC. Question they ask, when will IMSC be debt free?
That is concern #1 with potential NEW money types that are very aware of IMSC.
Then you have potential new investors that might have heard about ETD and the TSA's huge investment in air travel security and they begin the DD process...they usually find that any published IMSC share count may NOT be correct. Further exploration and digging and I mean digging points them to the problem. That has to be addressed.
RJ- Q4-15 fscl will be profitable on an operating basis but key question, will they cut off the dilution "pipeline"? Will they force Plat's hand? This is the $1.79 question...
Hoppa- the 150-E will be awesome. I think. Remember, the guts of the 220 are ported into a new 150-E. Hand held, non-contact IS the roots of IMSC.
Vintage- McGann was COO so its not like he's NEW to running IMSC. And many of the marketing functions have stayed in place. Dr.Jones is still CMO/DOS.
B2- interest on the first loan can be paid in 8 cent shares. And THAT loan balance can convert to 8 cent shares. Other loans ( but not all) convert in around a blended rate of $1.18 or so. So the key to getting the pps moving is removing the 8 cent converts from showing up. It seems like a never ending supply of shares show up with every bit of news. If the buying is there, the selling supply grows. Problem is, the buying is NOT there. That is a fundamental problem.
Fully diluted that I use is about 125M to an even higher number but that depends on the converts.
As soon as we get that first loan paid, I believe the buyers will look again and like what they see. A convert at $1.18 is not toxic. A convert at 8 cents is. Safir bought his 8 cent options yesterday.
We need more sales faster. And the first TSA order. But there is a provision that we have to notify Plat. of a pay off of their first loan which they can convert before being paid off, upto 4.99% without a filing. So it will be interesting to see if Plat. says: keep the money, we want 8 cent shares for the full balance and we'll file as a XX%owner.
Toro- Ah, maybe IF we pay off the 8 cent convert loan and pay cash for interest. Then the action moves above the $1.18 loan(s) ( about) blended convert level. But its the debt'n'darkness that is killing any desire to own shares.
NOTE TO BUFFALO- you need to see what they have going on. R&D is very advanced. Remember, the b-220 is a platform so its a question of how they position the vortexing intakes, how hot they make that air, how they link it to the conveyor...not tough questions. Further, the TSA submission window is OPEN and OPEN for a limited time. I will guess, they have an in-house data package right now. Remember, the b-220 set/met the specification ( if it doesn't move) for surfaces-subs-disguises. This is NOT as far off as you may think.
Further, the IDIQ and ECAC remove debt, then what? No follow on products- NO buy out. You can count on that.
Plenty of bridges to cross and BEFORE a competing technology crosses them. Look at how lame ECAC is: they test and certify the B-220 for cargo and passenger yet the dunderheads have to retest, why? They don't trust ECAC's procedure? Nah, just a little grind action. Morpho doesn't have an ETD ECAC cert'd for cargo and passenger yet the Neders have to run their tests...I guess.
But the Swabb is a "dyno" on the way to the tar pit. I just want them to square up with the market, address what is holding us back and then step on the R&D gas pedal.
They'll be getting shares all along, they just won't be paying market price for them. I get that. But the second you hear they are buying on the open market- then its go time! Safir took advantage of his 8s yesterday. So really, an insider bought shares.
Buffalo- while I am sure they "believe", they DON'T KNOW. When THEY KNOW, they'll let the market KNOW THEY KNOW.
Right now, I want them to tell the market: WE ARE PAYING INTEREST IN CASH AND CLOSING OUT CERTAIN LOANS. First TSA shipment allows them to do this and I hope they send the money to Plat. before they PR it. IF they do those things, then they are aware of the situation and the triggers and trapdoors. IF not, then we have a bad situation.
Plenty of potential dollars await this amazing company but debt anchored company. Cut the anchor and away we go. When they KNOW...
Don't worry, the insiders will invest in a big way. But they are just like Joe Sidelines-- they want the company out of debt first. Right now, most of the IDIQ and plenty of ECAC have to spend over 18 months to just reach break even. Then what...?
The follow on products are highly anticipated and of course vital to seeing a future past the Swabb Era of ETD. Nobody has been able to really automate ETD in a non-contact mode and still maintain the same specs. that the B-220 features. But this company can do that and must do that and sooner than later. However, they do NOT want to stunt sales they will likely get much sooner. Morpho is the target and Dead in the water. ( read today's PR)
Perfect timing: 12 months from now-debt free, HydraVortex is ACSTL'd and QPL'd, insiders buying shares. Buy out looms.
They show the Hydra and they will get some feelers ASAP. They submit a QDP to TSA and the fun begins. They do this by 9-11 and the fun begins sooner than later. I think plenty of people will jump into this head first if they see BL et al buying shares. See the same insider that says: I need to diversify away from a company I work for will likely be the same insider to buy in first as they know an easy win.
Fidel-ski---I hope you noted Dr.Jones paragraph referring to: Neder's testing AFTER ECAC's testing. So a cert. in ECAC gets you into the local test-off. Slow go in ECAC. The real tests will be France and UK as those tests are local vs. Yanks. I like the Yanks again and again.
We just have to keep hitting singles till we get the runners out of debt. Plenty of people know about IMSC. They just want the above board total picture of what they are buying into. Fair request. I do believe that ONE loan paid off and interest in cash from now on can really open the door for new investors.
Meanwhile, its time to preview WHAT IS NEXT, don't ya'll think that a peek at an 8 headed Vortex about right now would make those swabbies in the back room at Freight Forwarders Are Us a happy lott? Automated, Non-Contact, Super High Rez,Redundant ETD...the Cargo TAM for that is take the total number of idiotic swabbs in cargo forwarding rooms around the world ...say about 30,000 units @ 100K/unit, about 3B$...that's the wake up call and THE reason IMSC will be bought out. And THAT is just Cargo! Add in baggage and what do you get?
So, hold onto to those golden tickets ( shares) buy on the dips, encourage disclosure by mgt., pay down debt, pay interest in cash, keep the market updated and bingo- IMSC is a $750M cap easy- after the first cargo Auto-HydraVortex ETD enters the market.
A couple thoughts- yes-shorting occurs everyday in IMSC, yes- those shorts cover very quickly, they cover buying shares from Plat., a steady at the bid provider of cheap shares to all shorts. Since Plat is very active they work like a co-short as their selling enables the shorts to ride down with them.
The largest vol. of shorts outstanding, that I have seen is 450K. Which would make the short position very small in terms of the float.
The effect of this ugly situation keeps the pps where the shorts want it- down and sinking.
Plat.'s deal(s) with IMSC are what they are. Its not a fault of Plat. IMSC mgt. has to awaken to this situation and address it. Paying off loan #1 with Plat. is a start. Paying all interest in cash is a second. Setting forth a plan to escape debt is #3. We'll know soon enough as a PR will release upon the first shipment to TSA. That could be a nice turn around point for IMSC.
Meanwhile, as a steadfast LONG, I purchased some more shares today. I could be off the bottom by 10-12% or I could be right there at the turn around point. Dr.Jones was telling us all about the next big sale in last week's Norway PR. I heard what you were saying,Doc!
Fred- this is a perfect opportunity to STOP Morpho in their tracks. Morpho does NOT have a hand held on the QPL, but neither do we. So my guess is, Doc Jones is on this as its a $20M potential order to DOD, not TSA.
And one more reason why we need to speed up the 150-E product development as opposed to just calling it AWESOME.
"This notice of intent is not a request for competitive proposals. Any response to this notice must show clear and convincing evidence that competition pending the increase in scope of this contract would be advantageous to the Government. If no affirmative written response is received, the scope increase will be issued without further notice. Interested parties may identify their capabilities with respect to this requirement by Monday, April 27, 2015 at 5:00 p.m. Eastern Time."
I would respond thusly: compare the IMSC 150 to the Morpho Whatever...we'll cut the price down to 15K/unit. Oh yeah, we are made in the USA. Don't Buy Morpho, wave Bye bye Morpho.
Buffalo- short squeeze? Are you paying attention? Short covering is very fast. The largest amount of shares short at end of month is 450K. Shorts work it down and buy up the dump from Plat. THAT is the pattern and the problem. Do you get that?