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Nowak- how is that? Why even have FINRA as you if you say, FINRA provides inaccuracies?
When URI appeared on CNBC the stock price was nil-ski, the debt was about $4M ( first loan by Plat.), the revenue potential appeared to be $6-7M for the India order and the price went to $.86 cents and began to backslide.
Today the price is $.77, the possible rev. is $200M over 2 years and the debt is what...? Do you know the exact amount they are in debt?
I am a huge fan of FREE Publicity as part of an overall corp. communications strategy but to look only at rev. is foolish UNLESS the rev. amount at the products margin minus the yrly op. costs easily-apparently- quickly will wipe away the debt.
With that said, PR'ing first debt pay off, interest pay off in cash along with a plan to erase all debt gets the market interested-eager-but sidelined UNTIL the moment arrives-- then, the move begins as we will see an insti. buy more shares than I have.
But consider the one-two-three PR punch this week: expense reduction- significant order from new market- appearance on CNBC and guess what-- stasis. You have to ask WHY IS THIS STUCK- since we know the answer we then have to ask WHAT ARE YOU GOING TO DO ABOUT IT.
Dsully- BL may have different agreements with different media. But its great to see him appear on IMSC's behalf.
As to your supposition that another appearance or deal will light the candle...well, I think a few things have to happen, mainly the company has to pay off the convertible loan(s) and make interest payments in cash, not shares.
Anyone doing the proper DD will immediately see- NIL INSTITUTIONAL support for IMSC. Then research why. Then find out the amount of debt and some of crazy converts. They might even do some favorable math: Debt 55M. Rev. this year at possibly 55M. Interest-- wild card but plenty of crazy factors make for appearance of risk, OP. costs of about 24-26M/yr. So unless the company does something else to mitigate debt, IMSC will be in debt for quite a bit. Everything else adds to the risky side of the investment- new products- NOT sure, new sales- SURE but how much, Competition- increasing.
But I will say this- if IMSC lands an ECAC order that is twice as large as its debt- then even the unknown risks get thrown aside as it becomes obvious that TSA-IDIQ+ECAC PROCUREMENTS = DEBT FREE IMSC. That is what I am waiting for but its very hard to convince an investor ( not a flipper, not a quick in-out player) to buy into the ECAC possibility.
An early test/possible turn in pps trend will come on first TSA shipment/ possible debt reduction PR. I hope.
First off, that chart is based on FINRA, so like it or not, it is as TRUE as it gets.
Sure 25% sold short affects the price, but its the rest of the sellers who capped the the share price appreciation. And who was that? Maybe a buyer from yesterday, but likely someone who needs to get rid of shares as fast as they get them.
But lets say, none of what I said is an explanation for why a large sale into a new market territory didn't do squat for the pps-- go ahead and tell me your explanation.
Plainly, today was NOT capped by short sellers, rather by dumpers and flippers.
Only a Plat. level dumping could put a fire out that 66 unit sale would have ignited.
The company MUST post up a TSA sales PR, a Plat. debt payment PR,their strategy for erasing debt and a "score card". THIS is the only that helps improve perception that IMSC WILL MAKE IT OUT OF DEBTOR PRISON...as much as you and I like to think, "The market will connect the dots and realize that IMSC will go debt free in say 6 or 9 or 27 months, I'll look for IMSC then." I swear, I hear this all the time and read THEN to mean, we are locked in range and bound by shorts-flippers- a grand dumper.
So they have managed to bury the IDIQ, bury every sale by NOT facing the debt issue square in the face and saying: we are going to be debt free and as of today, here is what we are doing and where we are at.
Yesterday was a bit of joke. But not to be overlooked. But questions were immediately asked, What about the rest of the debt you are carrying? Anyway, look at the chart, 27% sold short today and 34% sold short yesterday. The rest- DUMPED.
B9- we still don't know what happened at end of Q1-cal. Nor do we know the # units they built during the protest, nor their monthly run rate. Gee, that really makes you want to buy more shares, doesn't it-- ah no, it keeps shareholders floundering.
But some dark and mysterious force KNEW about Norway PR on the Re-structuring PR-- the stock drops and a huge trade happens--hummm, something is foul in Denmark- er Norway?
IT- here's how bad this "situation" is...IF Plat. wanted to, they could short the stock, convert and cover. Not saying they are doing that but they easily could.
But if we paid Plat. interest in shares for Q1-cal, then its them again. Or they could convert some of what's left on their original loan at 8 cents. Say 100,000$ worth- 1.2M shares. Nothing good flies on its own, it has to fight through a wave of Plat. shares before it gets to where it belongs.
Why not offer a shareholder right, a share and a warrant on a record date timed before a TSA delivery period? Who would buy that? I would. ( depends on the pricing, but you make it attractive enough that longs keep ahold of shares for a period of time to then get the warrant)
Imagine the pps the day after they say: DEBT FREE AT LAST!
RJ--if mgt. offered you a rock to throw, you'd want an anvil! (lol)
I peg it at 2.77M but that is certainly a wag. Everybody wants a discount for quantity off list. I had list pegged to 47K, TSA buying at 38-39K ( huge quantity)...but don't worry, Doctor Jones has this lined out like the crafty veteran that he is. He knows how to play in Europe.
RJ- who are you referring to re: yestdy's buy?
Further, who the heck is dumping shares at 82 cents? Camon, that's like giving it away and paying the shipping!?!?!?!?!
2-3M$ (US).
This is why I appreciate DR.J:
"We estimate that the near-term market for new trace detection screening programs in aviation security in Europe will exceed $45 million."
He's already bagging the next big procurement...NICE WORK!
What I didn't get, the comment about distributing the units over rugged terrain? That's what snowmobiles are for! ( lol)
So yesterday's big buy around 77 was an inside buy?
See TSA's grant program for ETD gear for the States. However, OK is not likely to get ahead of border cities, big target cities and vulnurable-must-protect facilities.
But when IMSC has the 150-E approved and for sale, then the top 500 cities can afford a portable non-contact ETD-DTD. I know more than one prison system that is eager to replace/supplement dogs.
FYI- there are NO portable hand held ETDs on TSA QPL or ACSTL. The Secret Service chose the 150, I hope the SPD knew enough to call IMSC.
Other forlorn longs: IMSC has bucked the SM duopoly's lock on the expanding ETD market and they are NOT done making their mark in this category. However, its important to figure out why our stock is not enjoying the same respect that our products are. Without a real stock price, danger still lurks around the corner.
Mgt. can change the dismal view on IMSC stock by laying out the road map to escape from DEBT-CONVERSION PRISON. If they intend on doing it solely on revenue, OK, then layout that along with updates. First order must be- cash paid for interest. NO shares paid for interest.
"...Police contacted a company that specializes in explosive trace detection technology to use a portable explosive trace detector."
Gee, why not take a portable Smiths 42 pound swabb machine?
I wonder who they called...? Not S or M!
Certainly a possibility- secret shipment until deployament. However, IMSC has sold to branches of the US Gov. in the past and PR'd that. Further, its public knowledge that an order has been placed. So perhaps, TSA wants the B-220 on the front line before anyone can speak about it.
A reported said that IMSC has an order from ECAC so its past procurement or is there a deployment trigger in the procurement PR blackout?
BB- IMO, the cap on appreciation will be on-going conversions. Since they are KNOWN far and wide they present a block for new buyers and that is deal. Some small time shorts and a few strategic shorts (IMO) are working in around Plat's dumping as well as fatigued longs flipping.
Every PR Plat. sells into according to the vol., if the PR is weak, they still sell but less so. Remember Plat can only hold under 4.99% of outstanding ( or there abouts) before they have to file so truthfully, IMSC is making them sell. ( indirectly).
You can well imagine the huge positive it would be if Plat. filed to hold a position-- that would rock the stock.
The protest delayed TSA orders so I cannot see how IMSC had cash to pay qtrly interest UNLESS they are waiting for TSA approval on a PR for the first shipment ( doubtful) or they had a deposit to use against interest.
Interest payment = no PR, while a principal conversion= Material information and must be PR'd but I cannot say this is an absolute.
This is news- orders to ECAC?? WTH? I hope this is a reporters mistake.
" The TSA ordered 1,170 of Implant's QS-B220 desktop explosives trace detection systems. Implant also received an order from the European Civil Aviation Conference, recently.[color=red][/color]
"We believe these credit extensions provide the time needed as we seek to realize the revenue from these orders," says Implant CEO Bill McGann.
The company has faced financial difficulties in the past. In the three months ended December 2014, Implant's revenues decreased 32 percent to $2.1 million from $3.2 million the year before. The company's net loss also increased in those three months, from $6.2 million, compared with $4.4 million the year before, SEC filings show. Adjusted Ebitda was a loss of about $3.5 million, the company says."
BB- say all of $162M is bought...in one year. At 50% GM, that gives the company 80M$- 25M operating costs/year, leaving $55M...if TSA and assorted DHS depts. buy up the whole IDIQ inside a year, the company can make significant headway to reduce debt. But if that is over 2 years, the progress is slower. Also, expect orders from ECAC to equal TSA on the low side.
So once ECAC is signed and that protest resolved, then the road ahead looks bright. But everyone is sidelined until the company notes the progress it is making.
IT- just so you know, Plat. can convert some of their loans to shares at ranges from .08 to about 1.19$/share but the interest on ALL of their loans is due at the end of a qtr. So, IF they convert loan principal to shares I believe that must be announced. However, "interest paid" in any form is NOT material, its just another expense.
The stock is stuck because while we long-longs know much about the product and its potential and sales success, the average new potential investor hears much about the staggering debt and the ongoing stealth dilution that comes from that debt. IMO, mgt. must present the path out of this "situation" and communicate the points along this path as we achieve them. NOTHING else will be a real solution to this nagging problem. Further, operating under enourmous debt means little to zero room for error. One mistake and the lights go out. Not saying they are likely to make that mistake but one indication is reluctance to even speak about the debt problem.
First shipment to TSA should open the door for them to really address the issue. I can't say they will, but I know they should.
if you look at the concerted/coincidental pattern, SHORTS work in-around the DUMPER. Mgt. has got to set forth a plan to STOP dilution, attract new investors and communicate much more. If you all recall, we the true base of investors in IMSC stayed in this stock because of GB. With that aspect removed, many longs maybe flipping the stock, which only compounds the rut we are in.
B9-indeed it is. Sizing it over 2500 units. Placing us in the major share winner circle. I think Smiths is both cargo-passenger but morph is only passenger so that means-- DOA MORPHO!
But reeling it into the boat will be a trick as delays-changes etc. suit the buyers not the sellers. But Dr. Jones knows the entire market and he's on it, so I think the low share for us is 51%, the high share is 75%, in my opinion.
But the big catalyst- TSA shipment of $23M/ debt pay down of $5M, interest pay out in cash of $2M-- that would really set a new course with the end of insolvency beginning to be erased and might flush Plat to convert out. Who knows.
Against my better judgement, I added in the high 70s. Dumbest guy on this board or a 3 star move, cant say. But really, a TSA shipment PR on last pallet departure from the loading dock is overdue. And now for the counterpoint from Buffalo...
Plat has to hold shares to get a vote. Perhaps THAT aspect is being employed. IE, Plat. you want to vote, don't flip your shares into the float, hold them. However, the never ending supply on the ASK indicates that plenty of shares are ready - willing and able to be distributed. Who would be in a hurry to get rid of a share- Plat. and the short minions or a large holder trying to lighten up. Same story since the count was 16M shares.
HN24- this is the funding the vehicle that will flow thru TSA's IDIQ w/ IMSC. And maybe more depending on when the 150-E is into the cert. process. I fully expect the TSA to spend the full $161M sooner than we think.
Many state police depts would utilize a DTD/ETD like the 150-E. The 220, not so much.
FYI- Safir is in on the change in control pay out, so getting him out of the company won't be easy. But generally I agree with you- we need activated board members to do something positive for the company. So I would appreciate seeing a statement by candidates stating what they think they can bring to the company. And NO, Plat. gets no board seat as they don't own shares, they flip shares into the float like Perkins flips hot cakes.
Reno- it was NOT entertainment TV. It was Bloomberg TV, a business news channel.
Sure, any interview is pre-briefed but they have to determine how BL is Identified. Does Bloomberg TV know he is an ExecVP of ISC? Heck yes they do. But you also need to find out BL's paid commitments as an expert source on retainer for Bloomberg. Just getting ETD into the interview was KEY as you point out.
ISC might want to have a gif file they pay to run in/around news interviews that direct people to their website for more information. That is one way to play it.
I don't think I have even seen BL's compensation agreement aside from the change in control payout...so maybe things are more in flux than we imagine.
I got it, BL wears a t-shirt on camera with our URL plastered all over it and a hate with ISC on it!
Buffalo- NO, they are NOT trying to irritate shareholders, but they are doing that.
I think this all will work out over time and do not doubt, today is NOT an example of how a LEADER in any space messages. But over time, if he has contracts that will end this year, it can change.
Remember, they were talking about an open air event that no logical choke points to allow random, intermittant interrogation via swabbing. However, a team armed QS-150_Es could form up a deterrent. Its like, we have a scan for "that", meaning a product and con-ops for varying applications.
B9- well, you can look at what has transpired and guess backwards from there. Why wasn't he ID'd as an EXEC VP of ISC? Go ahead and take a guess...
And whatever YOUR guess is, its wrong. But go ahead anyway.
And don't think the CG ID on his audio feed was NOT a huge point of discussion. Likely response, he was a paid reference under contract. At some point, he won't be. At that point, THEN they can begin to ID him as EVP/ISC. I think BL did a good job getting the "ETD" word out. Sure, it was generic but its something. Further, it helps BL's phone call to xyz taken the next time he calls them.
Yeah, its far from ideal or perfect execution...but what is with little ISC? Further, would a leader in ETD identify their Exec VP via his past public position when he also has a security consulting firm?
The media attempts to provide expert points of insight to the public to make their reportage valuable and not paid prompts for "A" company.
But after a while, BL is saying the same things and not providing anything of insight. He might have talked about how HIS company is approaching public - open events like football games or marathons or fireworks shows etc with new innovative solutions like Hand-Scan, Ticket-Take, Body-Air to capture invisable traces of hidden explosives etc.
shmoopy- they nor anyone else is likely to put BL on TV as a company spokesman. Same with Safir. As soon as the CG under their name appears, it cannot say IMSC or they sound like a sales pitch and NOT an independent expert.
I will guess that S/M lobby-PR machine will likely complain to BloombergTV anyway. So the trick is to become such a respository of unique-qualified information that the benefits to the public via an appearance are greater than the benefit to the company providing the information AND disclosing the spokesman position is key. ( note- key word is information. NOT advertising, NOT name dropping, NOT self congratulations etc)
I like this ID: BL, former DHS Under-secratary. Exec VP of I.S.C., an American company fighting terrorism.
Yeah, its painful as all get out to have an exec VP on TV and the audience gets no further point of exploration. Meaning, many watching would want to explore what ISC has to offer but they won't pick up the trail from that Bloomberg piece.
My strategy would be simple: feature BL in an ISC video and buy a position for that on Bloomberg TV...then, a viewer can find out all the great things ISC has to offer the public and the investor. AND link the video on the new ISC new website. And get a mobilized site.
This may sound crass and out of touch, but the stock market gals on the service ISC was on have more association with ISC than BL does. THAT has to change.
Fidel- I share your pain but NOT your reasoning. Plat. made the loans, IMSC pays the loans back according to the terms. Nothing else is acceptable. Therefore, its mgt. that must do the work to stop the shift to the new paradigm in this stock as a small short group keys into Plat's selling to make their short plays more effective than they should be.
Sales above $10M/qtr. starts to help, but really, they have to post $15M/qtr. before they can escape the reaper ( played by Plat.).
Can they do that this year-- SURE. My idiot math says 1170 units to TSA this year puts 45M$ in rev. into the company. They need about 25M/yr to run, the 20M$ difference at GMR of 45% means they can/might be able to pay off 8-12M$, just using rough TSA production revenues.
It is conceivable that next year this time, the company could be looking at escaping "debtor prison" or about to...if they do nothing else to change the paradigm. It appears they will not try other strategies to change it around. Why aren't they considering other ways around this--I have no idea. But when you are in significant debt and one little thing goes wrong, the effects can be devastating. You have NO margin for error. And THAT is the new risk factor in this stock driving sentiment and patterns while allowing a weak short attack to succeed whenever it senses Plat. is selling.
I will say this positive, the little bit I do know about Dr. Jones assures me that IF one swab is to be sold anywhere on the planet, he will know about it, he will present to make the sale and he will likely get that sale before any other entity he competes with. Sure, I am going to hear from the usual malcontents but truthfully, sales in not our weak point, its leadership that limits the enterprise, IMO.
Thanks RR! I'll tell you what, I'll stay juvie if they post a PR the next day. And this ONE was special- the confirmation of a prior order with a new larger order. Sure the pps is under-reflecting the importance of this sale. But Dr. Jones is spot on and right now, Morpho ETD's are primed for the junk heap as Morpho's ETDs on ACSTL's head to end of life. IF IMSC can pick up 85% of the Morpho replacement market for cargo, well, that's a pretty big deal on top of TSA.
Another positive, this means Q2 cal. is going to be over the top if IMSC ships to TSA in this Q. So this is why NOT STAYING CLAMMED UP is important-- begin to message, begin to tell ( re-tell) the story right now...and by August, buyers may begin to look for IMSC.
Another pivot point for the stock trajectory comes the second IMSC says: we paid loan XXX to Plat. If we can get the first loan paid or force Plat. to convert part of it while we pay the balance-- then this turns around faster, which is important right now.
Many IMSC longs have buyer fatigue based on lack of share price appreciation OR they are trading the stock to make paltry gains to make up for lack of share price appreciation...mgt. has to work to change that. So lets get the clam bake started and message now for when the pps appreciation catalysts start to drop into the market. And RR, I want what you and all longs want, real share price appreciation that reflects the potential in IMSC.
B9- you are talking about Euro buyers, who, I hate to say this, ARE NOT DUMB. Cautious? YES. Hesitant? Very. Aware of the Smiths package sale to Mid-East Airport savings? Most certainly.
But again, Smiths public pronouncements are mid-mgt. trying to escape the hammer of exec mgt. or lemonade out of lemons. Smith was body-slammed in the USA in ETD. You guess at the shreiks of pain Smith's execs emitted when little IMSC took a $162M ETD IDIQ from both Euro ETD makers!!! So the narrative is: Smiths listens. The counter, When its too late...
It was a key TSA teaching moment. And one that our Ex-CEO can be proud of for the rest of his career.
In terms of McGann going CLAM-- totally fatal move. The last thing I would suggest is to bait shareholders with talk of a re-brand and then clam up during this key brand recognition/bid procurement writing period in Europe. The meme: CLAM LOOKS 4 BOILING WATER. GOT ANY?
brady- BL has been a BOD member for years. His consulting companies have collected fees for years. Did he ever once ID himself as such while appearing on TV news shows? He could not do so because he would loose his independent expert status per that particular news interview. Big question, will he NOW ID himself as Exec.VP /IMSC?
Meanwhile, we still don't know how much he is being paid...but he does collect a cash payment for change in control. The rule of working in one self's best interest continues to apply.
And the biggest/nearest challenge for THIS mgt. team is to replace the convert loans with either cash buyouts or loans without the convert provision. As I have said for years, I have NO problem with DMR, its mgt.'s lax approach to getting those convert loans erased. Yeah, I heard the flack-back, as in, no lenders will touch this without the IP in their guarantee. Well,lets go to that lender that does control the IP again, lets try other BDCs, lets look at raising cash from existing shareholders. Any/all of the above change the pathetic dynamic.
"More of the same" is insanity, IMO.
B9- Smiths is using a negative event ( TSA loss) as a positive-spin to people/customers they show no respect for. To say SMITHS listens because a customer asked us to remove nuclear material from our ETDs...3 years later is absurd. I can say this: the people they have said that too were well aware of the TSA's request to remove nuclear material from their ETD units ( most of them wanted Smiths to listen to their requests for NO NUCLEAR material years ago). But TSA has one problem, if they dislike nuclear material in an ETD, then they need to replace the entire fleet of 2800 US AIRPORT ETDs and not just 1170.
Right now the focus is: remove Morpho ETDs as fast as possible. Then allow other DHS branches to line in orders to IMSC, then depending on the remaining IDIQ balance, buy more from both IMSC and if Smith's has their new unit on the QPL, buy those units also.
TSA is going to try to keep the IMSC price/unit as secret as possible as it allows for a more honest bidding process, in TSA's favor. But the word spreads that a $23M dollar order had XXX IMSC units to it, etc.
Smiths new marketing strategy does hunt quite well and THAT is a huge threat to IMSC sales in Euro countries, IMO. IF, huge if, IF Smith's can convince buyers to purchase full packages to place into full layers in their terminals/shipping/ baggage rooms.
TSA has always tried to have options per particular product/layer. Three different EDS makers, 2 ETD makers etc. It hasn't worked all the time, but they will keep working that way.
It will be interesting to see how fast Smiths new ETD gets on the TSA's QPL/ACSTL. And that is a factor in IMSC future as well.
Meanwhile, a CLAM is going to do what a clam does. Shut tight until it finds itself in boiling water.
We're shifting from that sort of maniacal focus on creating demand everywhere in the world to fulfillment, because this is a really – this is a big shift, I mean we’ve got a big backlog to fill and its not like we are going to loose our passion to create new marketing opportunities.
Big words that mean nothing outside of their four walls. And to say this is a $10 stock in an 80 cent wrapper with the amount of debt to shares potential is pure shysterism, Buffalo. Go look at the $ potential to convert to shares- its enourmous!!!!!
So this company hides that, but not too well apparently as THAT is dominent discussion point when doing DD on this company. UNTIL that changes, its hard to expect any gain to hold as the dilution rain will be enourmous.
I have people ask me about IMSC all the time, I tell them, once they clean up their balance sheet, they have a terrific amount of upside IF they can tell their story.
Until them, CLAMS is the word. And I use that in truely a constructive manner.
Note to B9 re: Smiths-- they are making lemonade out of a bag of lemons that dropped on their head. Smart reaction to a very lazy company. For Smiths to say: we listen to our customers after losing an $162 M IDIQ to IMSC means- SMITHS DID NOT LISTEN TO THEIR SINGLE BIGGEST CUSTOMER. IMSC DID.
Buffalo- I don't think the share price needs MORE help on its way to the bottom. DMR will sell it down as well as up. They don't care. Mgt. doesn't appear to care either.
I think Clams will magically solve the financing riddle once the share count gets to 100M and pps at $.50 awarding him 1 million buy options at .50, but I don't see me sticking around for a rousing chorus of I TOLD YOU SO.
This summer is hyper critical; if the 150_E or the Vortex-veyor is not on a TSL cert. track or about to be on a TSL track, all is lost here.
I don't think running a public company is within his capacity. After all, the key word in that thought is public. This is NOT his company, it is our company. OUR, meaning all of the shareholders.
HEY CLAMS, WOULD IT KILL YOU TO TALK TO US...? I GET "DO" NOT "SAY" BUT WHAT ABOUT NOT DO - NOT SAY--? YOU HAD 3 MONTHS TO BUILD THE FIRST TSA PARTIAL AND SHIP IT BY 5PM TODAY-- IF YOU DIDN'T, WE DESERVE TO KNOW WHY?
Nowak and Fidel- you are both right...Nowak is right that NEW investment into IMSC is going to be very very gunshy and HC is right in that starting a messaging campaign that updates IMSC's progress to debt reduction, order production capacity, new products and new approaches to financing will pay off down the road.
My gripe and it gets bigger every day is this:
-Clams had the table set by Bolduc. He ran production so getting the build right on volume is on him. So the first order of business was taking from Bolduc...OK then, take over and bring home value.
- the way out of the hole is going to take 3 tracks ; production at capacity to chip away at some of the debt and to assure paychecks for the next year, keeping the herd interested in a terrible investment by speaking about new product developments that our competitors already know about and using creative financing methods to clear away ALL of the debt.
THOSE ARE THE THINGS I WANT THIS MGT. TEAM TO DO AND I WANT TO KNOW HOW THEY ARE DOING ON EACH OF THEM. THESE ARE NOT NEGOTIABLE.
Fidel-ski--some friends just back from Cuba...loved it, want to invest into it. Just thought you might like to hear that. They will be importing from Cuba too.
RE: IMSCville---if Clams wants to earn his, "pay me anything you like/ I am taking your change in control bonus" role to the hilt- he does nothing. Lets it drop, lets it get diluted, then he finds a $15.1M invest into IMSC and blingo, Clams is in the clams, so to speak.
The future is hand held non-contact, IF Clams had our best interest at heart, he would be working that like a crazy meth addict looking for water. But I don't sense urgency, after all, it was all layed out neat and square before him, all he has to do is push a few buttons..
TMRO can be pivotal...even if a PR is being he approved, he needs to say a PR will be coming on Thursday etc. or this could go on fire sale come Wed. AM.
But going CLAM after a palace coup and all the dam uncertainty, well, lets just say, it ain't helpful to us little guys.
9 horse- sorry to hear that. Wished it hadn't happened. But hey, key an eye out, this could crater and give you nice re-entry point if there is a turn around story.
McGann's silence is killing off interest, not building it. That and along with ongoing dilution make the IMSC-cast "cloudy with a chance of a sandbag to head" more than anything else. And for what good reason?
B9- i can't say that what you posted is true. I have heard that certain media called TSA regarding the event. And the media is known to jump the shark on occasion.
And I am not sure the company would be obligated to notify the TSA regarding common public knowledge, much like a material event that HAS past information, not pending events.
Some companies, who I won't name, have tried to use the TSA's name to attract media attention and have done so incorrectly, which does get either a public rebuke or a phone conversation.
Nowak- they have total control over messaging directly affecting them and a vendor. Passing references not so much, ie. The TSA opened Proposal submission window today. VS. TSA has announced acceptance of our winning bid. One is general and commonly know, the other is a direct business dealing.
The first order delivery or partial delivery or part of the total is a direct business event so I assume it means review period on any PR. While is seems to be a passing announcement of a commonplace event, I believe the TSA wants to sign off on that. IE, say today at 5PM we ship 270 - B-220s and want to PR that tomorrow- possible that TSA could or would sign off tomorrow but likely within 48 hours as its a commonplace event but of a direct contracted business.
The last press event in NYC had conversational passages but it had to tread very carefully in how it referred to the TSA as nobody else can speak for them, except in a passing reference. I think the company stepped into a bad space there in that TSA took inbound media calls when the media assumed that it was a TSA event, not solely an IMSC event. Companies have tried to gather more media interest by referencing the TSA in PRs in nuanced ways that tie the TSA to the event as participant while they were NOT and that has caused problems, thus the review period.
And in open bid periods, they deal with questions as updates to posted solicitations so each bidder is aware of other bidder questions and TSA answers.
IMSC does NOT have to preview a PR that states : IMSC had received an IDIQ worth 161.7M$ from TSA on date, in past. But here is what is kind of weird, say the Coast Guard wants to buy 100 B-220s from IMSC via the IDIQ. TSA would review the wording in that PR to make sure the market knows that the Coast Guard is part of TSA and thus buying thru the established IDIQ. Slight wrinkle but it strives to not be entangled in competition within the marketplace.
You might remember the cargo approval period where chatter in the market said: don't buy an IMSC b-220 until they have been fully accepted on the ACSTL. TSA stepped in and announced IMSC was fully accepted but that it was also conditioned on performance in a review period.
Anything this company says will get throw at the TSA very quickly and in a twisted-interperative manner by competitors. You might have heard Clams refer to not being able to talk about the Morpho protest to TSA while he spoke about not being able to talk about it. For instance, he could never say: We are building machines for fast shipment to TSA once the protest is over. Verbotten. But he could say, nothing is affecting our operations as all systems are functioning as planned.
Many here don't see or think that words have meaning but they most certainly do have great meaning within context either direct or implied.
Irish--
Your 1. The airlines sales were for CARGO ( unless they have a unique conops) but IMSC announced a batch sales to a group of SAM airports ( guess was checkpoint) so SAM is NOT a new market or it could be a new niche in an current market.
2. you point about me being negative because I resent Glenn being axed-- sure but not correct. When you remove a leader, especially a leader that brought you to this point of success, well you better be able to do something better.
3. My discussion with Glenn centered around the key / vital mistakes of the prior leadership at IMX-IMSC, basically I said: IF you gain key gov. approvals to enable sales, THEN you have me as loyal shareholder till you sell the company for at least $500M. I do realize everyone's target varies and that's OK with me. But mine has NOT. That too is OK with me.
4. The key reason we are about 90% retail and 10% mgt. in terms of stock ownership is the loan conversion. Sure nobody likes to talk about it, but IT is a huge block to share price appreciation. I have always said, IMSC must live up to its agreements. Sadly, they renegged on said agreement with Glenn's departure, but since he agreed, then its OK. And its water under the bridge, but that does NOT excuse lazy-silent-unagressive mgt. IMSC has NO sales problem, IMSC had NO R/D problem, IMSC has to answer production quality at volume questions but that is not unsurmountable. But IMSC has to solve it's financing situation for any real success. That is my focus and truthfully it should be all shareholders focus.
5. CLAMS wants to be quiet, OK, then CLAMS must solve the cap structure problem. Do that and shareholders become happy clams. Ignore that and the roar gets louder, not quieter.
Good luck to you and keep posting your thoughts. All LONG shareholder opinions are valuable and appreciated by me even if they throw hot coffee on my shoes. LOL.
Unleash The - E, the first and last non-contact ETD/DTD that anybody, anywhere, any how will ever need. Sadly, IMSC competitors know more about it than IMSCc shareholders...and that is my mgt. zipped lip gripe for the day.
Ki- the shorts were tipped off yesterday to today's PR...don't know how but they were 16Xs the BID size to the ASK size.
They will get burned IF we all step up...I know, shareholder fatigue and all, but here's my supposition:
- McGann is motivated to SHOW something for his 100 days of NOTHING, thus a partial is due tmro or mon or tues.
- IF its in March, its a masterstroke as it makes the CC a winner...imagine they did 13.5M in Q1-cal. and tell us they are going to pay down some debt with some of that-- KAPOW as Batman would say.
- but if its APRIL...then we have to convince McGann to hold the Q2-cal- IMSC's Q4 in July-Aug.
- two reasons for that; debt reduction but ALSO the next big thing in ETD-DTD- the 150-E.
If he PRs or better, on a CC...an E update, well then, he can position the company to resolve debt in other ways. Say a second to shareholders of record with a warrent kicker. My position, why let DMR sell our 8 cent shares for 95 cents, when we could do that. 35M shares+10M warrents...goes along way to eating a chunk out of the debt, IF we can get the shareprice to the 1.50 range. Two TSA shipments would start to do that.
Anyway, this is time for Executive Action and I hope McGann wakes up OR we realize he's been rope-a-doping his competitors as well as we the OWNERS!