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When you have cats like Chertoff selling the dolts at TSA rapiscan checkpoint snake oil it shows you how out of it they are. My question at this point is- if their tech was the end all why haven't they been picked up yet?. That IDIQ was almost a year ago.
History would indicate the latter, specially since DM will continue to do what they do best. I'm an optimist by nature, but ISC always dissapoints- it's been the defining characteristic of ISC. To me the upside is equal to the downside at this point in time, wouldn't be surprised either way. I guess I'm weird in that I don't give a crap about what they are cooking up in the lab for down the road, only care about SP now.
I believed in the tech,which proved to be a good call. However I don't have faith in the company any more, because of recent moves(or lack thereofe)by current BOD. I continue to hold "hoping" for a buyout based on the IP. My 3-5 year plan will be at six years in Dec.
"We" was in reference to some here(myself included) that are realistic to the fact that perhaps the best days as shareholders are in in the rear view. Personally I didn't pay close enough attention to the debt overhang, and certainly didn't see this new crew throwing the silence switch. Of course the TSA is a bloated carcass of perpetual delay,the fact they threw Morpho an R&D bone means cargo is another two years away. This could have gone differentely, and if even the most ardent kool aid sippers won't agree to that, they are living a lie. It's down to hope now, and that ain't a good investing strategy. Nearly six years in and now underwater while they dominate the ETD market, awesome.
We threw the race away while daydreaming about the championship.
Paralysis by analysis. Sifting through past CC's, granular interpretation of semantics,hanging on singular wording, thousands of speculative posts on a MB,cost per unit guesstimates, all due to a lights out BOD.
Let's get something new started, like WTF ever happened to Cargo?
McGann did not come here for the money, the SP reflects that during his tenure.
You mean like releasing a PR announcing you will be a 'Bronze" exhibitor at a trade show that's already started?.
Kinda cryptic..or maybe an afterthought?
Dump year.
You're joking right?, we are insects to them. Like em's or phone calls will change the course of what they will do what's best for themselves.
Delusion and stupidity, that certainly defines the last six years here for me.
Buff, you have jumped back and forth over the fence so many times here your tackle must be shreds. Same goes for me, and no , don't have anywhere near that amount anymore. I think it was DM selling on the last day of the Q, and probably the beachcombers dumping last week after the CC. Doesn't matter really. I'm too close to this stock and have been for too long. You want to believe in the magic here, but you are on your own since the lights are out. You will have gotten one of your prognostications right out of the basket full of them - I'd definitely take $3 now!.
I think that you could be spot on unfortunately. Mcgann does't need the money,but he does get a great ego stroke and it gave him a nice workshop. Let's face it this company went dark when he took the helm, never a good sign for shareholders. I'm torn what to do here- if we get lucky enough to get a TSA shipment PR I just might lighten my load considerably, beats the crap out of this slow death with daily uncertainty. Two weeks ago today people were giddy it hit .80 on 300k volume, "somebody knows something" We know something else today too, this is our new" base"
Note to self, never fall in love with a stock, never touch pennies, never touch any company with toxic debt. Should have learned this years ago.
Sad but true. This one is really starting to grow hair on it, what was once a great story is no longer that. Nearly six years in and now underwater, and I have nary a clue what the hell is coming next.
Personally I have learned that it is prudent to underexpect anything they are forecasting relative to $$ amounts. I said 8M for this last Q,which I thought was low, and it missed by millions. While the next one is no doubt going to be much higher, there are delays,routinely,with anything they ship seemingly. One thing that never gets delayed is the juice they pay every day.
We should be so lucky, more likely forecast is continued clouldy with pain showers.
Times didn't change, the BOD changed. That's why it's been whacked since then. But hey, let's not promote it, because now that they actually dominate the global ETD market we should wait till finances are better first. They own the sector,and it's trading at 2011 levels. Brilliant!
If they ain't chattin it up now, they never will(hint)
They do one mainstream piece on MSNBC and this does 1M shares at .50, that's 5m to pay off interest. They do several and it's that many more million. Retail does not even know about the American company that owns 100% of domestic and 65% of the ETD market. They could easily sell 20M in stock with proper media, they choose for whatever reason to just pay the piper at 16%. It's this BOD, plain and simple, the same one's many here voted to give them another 50M, and they just showed you gratitude for those last week with more silence after a nice haircut.
Not to be a Debbie Downer but bleak is looking like a very correct term here. Their outlook of 40M is not exactly rip the cover off the ball kind of #s when they spend half that a year. I think we get a volatile SP but it's never really going to move many have had it with all the delays, BS and silence and confidence is lost when you have an uncommunicative CEO. This has become a very sketchy hold for me right now. Just don't like the lack of transparency and painfully obvious DM is holding the balls of every shareholder firmly in it's grasp. How hard they sqeeze has yet to be seen, They care MUCH less about us than the BOD does. JMO and truly good luck to us all.
Armini was a brilliant scientist too,both were/are less than stellar CEO's. Makes one wonder what outlook would be like with GB still in the slot- you can say what want about his shortcomings, but I think it's safe to he was a far better shareholders CEO.
That makes two of us, as I don't know what else to say either. I get beat up by the Kool Aid chuggers for being a cynic,called a whiner..and know what- Buffy is right, $3 bucks is a pipe dream and he might be right on that .30 very soon.
Seven years a slave, or in this case six years a bag holder.
"A lot of posters talk about debt yet Bill didn't/doesn't seem as concerned as many others are. I wonder why."
Beacause shareholders are a nuisance to him,his shares are free,we posters paid for ours. Same goes for DM just doing an end of Q dump today,they aren't concerned bout the debt either,as it's paying like a broken slot machine.
Absolutely delighted!
Their expenses have ballooned
They aren't concerned with shareholder value
They take care of themselves pretty well.
11M a Q ain't gonna get it done with 16% vig.(GB forecasted 26M, years ago)
They aren't concerned with shareholder value.
Stuck in the seventies(to be replaced with sucking in the .60s?)
TSA- perpetual delays, not the fault of ISC
Still haven't turned the corner to profitability.
They aren't concerned with shareholder value
It will be their biggest Q ever,even if it's 8M(that's my guess) Even if it's exponentially higher than that #,and they don't address the lending..well I think we all know what's going to happen unfortunately. Hopefully(there's that word that's a staple of ISC longs) they put some color on debt restructure in the CC, combined with some good guidance, the SP just might ascend. Think there's quite few people watching what's happening here(even with zero media) that are just waiting to jump in once these two very large concerns are dealt with.
To do that would be an attempt to appease shareholders, that was the old CEO. This BOD doesn't acknowledge they have shareholders.
Would love nothing more than to see it finally giddy up. To say longs have paid their dues here is like stating the earth is round.
Pretty much sums it up. The POPS you will hear Monday will actually be that of the DMRJ valve operator cracking his knuckles in anticipation of a workout Tuesday. Alas,such are the misfortunes of playing the murky world of wish upon a star OTC's with toxic lending.
Enjoying the ride from the back of the shareholder short bus..
They will be heroes regardless, we are treated like zeros. These guys are all about themselves. I invest six figures for years to help keep this dream afloat, so they can reward themselves with more options and run the company like Chinese media.
Awesome.
The last sound we heard when the current CEO took office.
Like that would make any difference. This gem hasn't moved .10 on the tens of millions of sales they have had this year. There's a reason for that.
No question about it. Here's my concern- it's not going to go up on earnings, any more than it did on great sales wins. The valve operator has job security till they get new lending. Why is this so painfully obvious to me and very few else?. You start counting on earnings to be the RX for a stagnant SP and you are setting yourself up for another dissapoinment, and time extension. The silent treatment ain't helpin neither.
I already bet a large chunk,and am far less concerned with spellcheck,syntax or grammatical errors than this BOD's ability.
Anyone care to comment on the "somebody knows something" warm fuzzy we were feelin yesterday that ain't a carryin thru today?
Traders have made out pretty damn well in the long run here as well, not as well as DM, and infinitely better than longs.
Trading was exciting today, a ray of hope.. then back to the .70s what a shock. So easy to be a cynic here when you catch the same show day after day. Time to get moist will be when they elect to address the debt, then it's on..maybe.
The guy who works the valve at DM got stuck in traffic, you will know when he's clocked in at work.
Yes, we could very well screw the pooch here yet. Hopefully the CEO will put some color on it at the CC, because this cone of silence crap is getting old.
20 here and 75 there do not add up to A 162M IDIQ as well as probably 500+ unit sales in Europe so far. I would guess they have to date maybe 10% of the market.
Never said they are refusing,think they don't care about it for now. Don't kid yourself, this thing has been paying off for DM like a broken slot machine. If other lenders saw how much DM has made here they would be crawling over each other to get 10 points on gov contract $$.
Absolutely pathetic, but hey go ahead and keep making excuses as to why the global leader in ETD is trading at .75 I am holding still in the hopes I will get lucky on a buyout.
I don't think they are going to be too successful at shaking anyone's shares loose at this point. And if they do, those shares needed to be sheared from said sheep
Wrong! there should be lenders crawling all over each other to extend better terms to ISC right now. DM has killed it on their investment and continue to make tens of millions of dollars in interest on this annually, they lent money to company on it's last days and now with global domination you don't think someone will extend better terms than 16%? A company with 200M in orders doesn't need to wait to have a couple of good Q's to re fi- these are gov contracts and good as gold to lenders.
We have no option but to speculate,as the CEO has told shareholders in no uncertain terms he ain't talkin bout nuthin. Really makes one wonder what this would be trading at if GB was still at the helm- might have even had a better interim lending deal in place by now. And please don't tell me these wins were due to BM.