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So they have to dish out all of the @450M plus the other @ 250M. That is interesting so that might explain for the rush to hire more people. it went up from i think 8 to 11 people.
I think they told me and I do believe they have private funds behind them. this is the one thing i feel comfortable with because they would be diluting like you say to pay for the up coming expenses.
Isn't sept the end of the first yr for the program? Then do they roll it over into the next yr?? I would guess they like to get the orders out by then. The U is about 450M and R about 250M and I read the homeland security would be another 250M. I calculate a total of around 750M for gov't work - this does not include the private sector. would you say i am close??
I am not asking for a fluff pr but an update of where the company stands. 2mos is too long for pinkie not to give an update. Pinkies that are silent just as bad a sign as fluffy prs. I agree with RUliquid there might be a reason sym is on his 3rd job.
Military ways are hard to change. Maybe we need to contact board members
EXPH moving
Have you called the company to complain?? More people should call 646-216-2157 and leave VMs for Sym & Robert
I guess Sym's word is not any good??
Your welcome. Some of these are basic questions that a lot posters forget to ask. This can be a great company but management does not seem to care about the shareholders and it seems the lawyers are in control. This company is so afraid to put PRs out because they are afraid of a lawsuit. This is a pinksheet stk that needs to communicate with shareholders - the prs can be 95%+ good and no one is going to sue them. The other problem I see is it is being run by too many military people. They need some business man helping out.
Just becuase they signed on does not mean they will use it. You and I do not know the royalty that EVRM wants for each piece of equipment that is sold. If they want too much EDS will use someone elses technology. I know a little about this because I dealt with CD technology sold to GM and was involved a little on how this works. The large companies can trade off the use of their technology for one from another and avoid paying the royalties for the technology. This is done all of the time behind close doors. (e.g. Panasonic lets Sony use one of their patents in exchange for getting to use one of Sony's and neither pays a royalty) EVRM has no leverage here to do that so we have to try and figure out what the cost is and if it is too high. Business is business and the best technology does not always win when it comes to cost.
Please advise if you have worked in royalty area - you might know more than me and I would like to learn more ecause this is a very secret area.
I am still trying to figure out if the technology is that great and the cost of it and if it will become the std for iris scans. This is hard to do without any updates. I have been involved in technologies and the best ones do not always win out do to cost, politics, who has the biggest investment in the current technology and the list goes on. I think they have the technology but I am not certain yet. If it was the dominant superior technology the big investors would probably have bought by now and the price would be higher. It is possible that it might take a little longer but I am just raising questions.
This is one pinkie i don't believe that will be a problem. They have funds behind them if I am told the truth. The biggest problem is their lawyers that they have no control over to get updates and prs out in a timely manner. The problem will be the selling not the increase in shares. It takes strong management to do what is right for the sharholders and the good of the company and I am starting to question this now as the biggest problem. I think selling is going to start soon if no prs and updates are put out.
I forgot to say when I worked in audio technology and was calling on GM's divisions - the advanced engineers knew all of the available technologies we were competing against and had the future forecasts of the pricing for the technologies and where the markets would be in 10-15 yrs. Boy i have too say they were damn close to where we are in this audio technology today. These big companies know the technologies and lets hope they think EVRM is the one and they are not playing them.
On the DD by EDS, most large companies are continously monitoring the new technologies out their with their advance engineering groups. EDS probably knew just as much on EVRM as they did the day they fist met for a meeting. If they planned to meet they would have done a search with lawyers if they were interested in them ahead of any initial meeting. This is done to see if the small company is truthful in their dealings. This is part of the game. Big companies know how to do this and they also steal alot of technology from companies if they are not smart too. I have had friends in the IC business tell me that they never show all their technology to large companies because soo much has been stolen. I believe if EVRMs tech is good they have it protected. I believe their investors are making sure it is protected.
Unfortunately I have been screwed on stocks when the boards keep saying how great the management and technology is and they go quiet so i have to question the people on the board and management when we hear nothing. Time will tell hopefully this will be the std for all of the scan security like MSFT has been for PCs I hope so but I am beginning to have my questions.
First off EDS has the best lawyers and they probably did this scan of possible infringements long ago before partnering up with EVRM. I this this is not a valid point. They would have done their DD even before talking to EVRM that is how most big corp do it. They would be continuing their DD for this while they arestarting and working with them. I think they would just be monitoring the patents now so I do not see this as a problem.
Second on finances - if I have been told properly from the company this would not be a problem. All they would have to show them their private investors. It is my understanding they have tremendous financing from private people. I am not allowed to know who they are but I am sure in an NDA with EDS they showed them that.
So on all of your points I disagree with you. question what is your background??
I agree you have to play by their standards but their is other areas they could give us updates on. I am hearing differently on where the problem is. I have heard it is on EVRM side and if it is then I have to question mangement if it is on ther other side then it is not on EVRM's management side. I have been involved in NDAs and had to get them signed off on and I know how the lawyers work. The engineers would always say by the time the NDA gets signed the technology would be obsolete. That is a pretty good statement on how long it takes lawyers to get anything done. The problem is they are not paid on efficiency and reducing costs like most other professions have to do.
Your welcome hopefully management will read these postings and get going on getting an update out.
Your welcome hopefully management will read these postings and get going on getting an update out.
I disgree with you. Most have said we would see something in the beginning of June it is weeks since then. The way the lawyers work it could be weeks. I have talked to Robert at the company who is very honest but cannot tell you much. I have appreciated his inputs but until Sym lets him say anything it will just be a guessing game. Lawyers are the only profession that gets paid for stalling and makes more money doing it. If your a doctor you get sued because lifes are on the line. If you are in manufacturing you get charged if you do not deliver and shut down a production line that can be hundreds of thousands of dollars. So it is up to when the lawyers want to get off their butts and do something. They are the only profession that I have had too at times sit on their desk and tell them they work for me and stop the excuses and get off your asses. So in my mind it can be weeks until we get a pr. Sorry but based on what I hear this is the slow up and it is telling me managements ability is in question if they cannot go over and have a little talk with their lawyers. I offered Sym in a VM I would do that for him with some of the shareholders.
Unless you are in the industry you never know the truth. I have worked in the auto industry and they can be partnered with you and at the same time they are working with another supplier secretly that wins the business. I was involved in one of those deals so it does not 100% guarantee the partnering is solid. EDS have done all of the cost analysis and have all of the numbers and studies done. Sometimes they just play you. Business is brutal and I would never trust a big corporation as far as could throw them. They are whores that screw their suppliers just business not whether it is right or wrong just how the game is played.
They have facts they could post on the technology to re assure the investors and the industry they have the best technology. I have worked in industry and any good company has this data. they have to have it to sell their product. they could release some to the shareholders.
The question I have how do we know how much better the technology is over the current technology in cost and how the prime contractors feel about it? Without any updates we are just listening to the postings here. I know from being in industry the best technology does not always win - cost can supercede the better technology. Without any updates then the experts are the posters on the board which usually prove to be wrong without outside verification - like drinking the koolaid. I am not bashing the stk but this is how too many pink sheets are played. When a company is silent too long it begins to make the smart investor raise questions and that is what I am doing. So far i think they have good technology but i am questioning it if all i hear is from posters on a board that is known to be questionable.
Disagree it has been two months and we have no update. Once a month might be too much which can be debated but 2 months is too long not to give the shareholders an update. You have to begin to question what is going on behind the scenes - is the technology that good, is mangement doing the right things, is management capable to get the job done?? This is what will eventually get companies in trouble. Up to now I have given the company the benefit of the doubt but when you call the president a half a dozen times and does not return one call you have to question what is really going on. If they do not put something out to update use then the stock will just drift lower. Up until now i have been pretty impressed but my mind is changing.
Until they pay more and put pressure on their lawyers we will probably not hear anything for weeks. You know how lawyers work
LFBG turning
I have talked to the company and I am not sure when we will get a pr update- they say soon but soon means when?? I hope this week.
It better dry soon are we are going to drift lower
Has the paint dried?
That is right - I think what you will hear will blow you away.
I have been holding but it is getting hard to wait
I hope oon because I think we will tart to see some selling if they do not give us an update soon. They start to me the PRs are forthcoming over a week ago.
What about some news on deck
Was that a 1k share trade to dump price??
Look at VSPC similar product chart looks good
Whats the name of your board??
Looks like the 2 EMA is crossing the 4 EMA and when it does the stk should move.
News who knows?? Been almost 2 mos and I guess they are having trouble finalizing the STS deal. Has anyone called the company?
Please put out your list regularly - I think the amount of trades is important information
Pliot I got your PM the other day but could not respond - I do not have PM - email me at gibber12003@yahoo.com to talk about eeso & others.