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perf- nah, I don't think there is a chance in the world that Morpho "runs" the TSA. The lawyer can rule as he likes but TSA is NOT about to drop the ball now. They will begin to dissolve IMSC machines onto the line and watch their performance very closely. I expect IMSC to deliver sharper adoption curves with less operator errors than any other ETD machine the TSA has used. ( the dumbing down of operator interactions makes them faster and easier to operate). Also, the first user experiences should be very laudatory and that confirms TSA's belief in what they have done.
It hasn't been easy for TSA, in spite of stellar data, in spite of A+ in-house testing results, in spite of 2 certification processes against new subs-new surfaces...why the trepidation?
The competitive flak has been "humongous". I believe that has slowed down TSA's embrace and caused some hedging. For instance, TSA never wanted ETDs with nuclear material yet they only partially kicked them to the curb during the last solicitation period. They hedged on the possibility that IMSC could not "deliver" ( deliver having the broadest definition possible). Yet they know the B-220 they tested was "straight As".
Also, if either S or M are going to move on IMSC, now would be the time to do that. IMO.
TEd- never assume all of the SHORTS know what they are doing. So this chart sometimes reflects their mistakes as much as what has transpired.
IMSC is plagued by a loose-knit cabal of active shorters, some of which cover very quickly during any week, some which hold their short till an event looms, some are just plain convinced that the weak fundamentals will eventually bring it down and some with OTHER agendas behind their shorts.
But they very aware of DMRJ's interest conversions, notably the recent one on around 2-5.
On the other side of the scale, there is a fair amount of accum. going on too. Its almost like these entities are keenly aware of DMRJ's trading patterns also and they are sopping up very inexpensive shares. ( I admit, I bought some shares from DMRJ during their latest dump-a-roni)
The people that scripted that little handler are very much aware of the market battle between bears that expect the fed. to cause a market drop and bulls who are riding the wave on the front of the surfboard. There are plenty of stocks that bears think they have a chance of bringing down. So far, it appears the Fed. is loathe to "jab" at the current market dynamic. Meanwhile, many US companies are strengthening giving the market improving fundamentals.
Ted-
- you are looking at one-day stock aspects in a "string", not cumulative short %s
- so day 2-27 shows about 11% of trades were SHORT, the price closing just under .925, the total trade vol. for the day under 20K
- 2-24 thru 2-27 show a drop in the % of daily trades that were short trades while showing a rise in the pps over those days.
Its great for showing the relationship of short trades and their affect on price. Also, the trading "code" as I see, which is greatly in effect WHEN/AFTER DMRJ converts near a conf. call or event is: Shorts trade vol. goes up prior to the event, then shorts covers post event with shares easily purchased because DMRJ is selling into and around those events, if those events are vol. I think they sell some every day they have some, but they seem to follow vol. indicators pretty well so they tamp down on low vol. days and of course wholesale dump on high vol. trading days.
02/13/2015Implant Sciences Corporation C/IMSC Other OTC:464,120 455,027 9,093 2 101,741 4.56
That's from FINRA, the actual reports YOU purport to refer to when YOU say: there is NOT much shorting going on in IMSC.
You can go as slow as you like, you are still wrong, even at a snails pace.
Buffalo-- who puts out the SHORT interest that you are seeing? You think the stock is NOT being shorted? Another one of your cockeyed: fire the CEO and the stock price goes UP, fire the DOS and the stock price goes up theories that can't hold a drop of water.
Actually, all of your predictions have been shorting events.
FINRA is where all REAL reliable stock info comes from, not your crystal ball.
Oh, so the big money prediction on CEO dismissal you made NEVER happened and that's minute compared to what...? It was a major event and it rattled the pps, which you were 100% wrong about. Its like the hurricane comes two years later and you claim--that hurricane was the one you were predicting. Its OK to be 100% wrong-- the pps dived and didn't jump.
Still don't get what your points are as they seem totally wrong at every point.
- CEO keeping investors IN the know is a good thing, which the share price trajectory has proven.
- Investors keeping the share price rising encouraged DMRJ to keep loaning money, which was a good thing as it kept the company alive and in the game thru to IDIQ award.
- Dr.Jones is world class talent but oddly disdained by the very people he has helped-- really makes no sense whatsoever.
- I get McGann goes CLAM...he's on the floor watching the builds...but to me, his first big deal CC seemed very lacking in ambition.
- but investors should NOT like the new CEO attitude toward investors as the competition knows more about IMSC than IMSC investors do...how is that a positive development or new attitude by mgt. that will be good for the stock?
Buffalo-- I am trying to decipher you...didn't YOU visit IMSC? Didn't YOU speak with Bolduc?
Why is that "wrong"? Didn't Bolduc need the confidence of investors to keep DMRJ loaning money to IMSC, thus, we helped make a market for new loans, thus allowing IMSC to progress to a $162M IDIQ ( thanks to Bolduc-Jones-McGann)...
To your other bizarre points:
BUFFALO: 1. I've said platinum was screwing investors for as long as Bolduc has.
How bout, they were funding operations. Sure, at exhorbitant rates but they took large risks just as IMSC investors did while Bolduc worked his tail off to mitigate those risks.
BUFFALO: 2. Said when their 9- year old handheld outsells their flagship product ? Houston we have a problem (that was two years ago). Optimists said I was crazy, it has no nukes and the world was waiting. Ya....
This makes not sense whatsoever as the B-220 was in the cert. process for over 2 years for cargo and checkpoint. And HELL YES, the world of US Security was waiting and then it committed a world record IDIQ...you think that's NOT good??????
BUFFALO: 3. Was the First here to say dr. Daryl should be fired. 2 years ago. No one agreed.
Truthfully, no one that matters agrees. McGann and Jones are a team. Don't you get that? Why would you fire the top DOS of ETD around the world? McGann won't, I wouldn't, but you would...makes NO sense at all.
BUFFALO: These are big ideas! Sure bring up a sp miscall or whatever, the bid stuff the big ideas no one agreed with then? Do now. Basically I'm years ahead of you guys.
And when Bolduc resigned/ fired the pps tanked, it didn't jump as you so falsely predicted. So much for a big-bad-ideas.
dreese-- ex CEO was always asked about production capacity. They had an intention to hire more skilled assemblers and even incentives from MASS when they do.
To add context to this discussion, I responded to a post where someone ( sorry forgot the poster) asked: What more could possibly go astray for IMSC. Production quality is obvious top of mind for new CEO McGann who was responsible for production process as COO. Maybe its his smokescreen to keep investor calls tamped down as in, all weese doin is a lill produc-shun round these parts...but with a NE accent.
HC- quality focus is job #1, matta facta, Its McGann's theme for the rest of the year. Also, did you note the caller asking him about Sigma Six, the famous GE quality process-system...likely a "friendly" call with a purpose--to deminish the rumor mill about IMSC's ability to produce quality in volume.
McGann also pointed to 100 units/mon. to TSA...not sure if that is the 50% or 80% of the top end quality output...look at it this way: McGann HAD full responsibility for manufacturing process and quality, so he had either figured it out or he is working toward it.
A good sign to look for, a partial shipment to TSA within 30 days of protest dismiss...I would take that as a HUGE positive. But from here on out, it will be a guessing game.
My point is as "meaningless" as his focus? Well then, I'm with McGann- focus on building quality and in modest to increasing volumes. Totally meaningless, but totally in focus-- sure Zey, and McGann is focused on this while HE does all the selling because Jones is, ah, where-- fishing? Or shoveling snow? Your point is meaningless.
Buffalo- is IMSC a FINRA reporting stock- YES it is.
Read: FINRA: 7330. Trade Report Input on the FINRA site.
The only slightly nebulous aspect is trades thru a "mm" that are not FINRA participants but even those have to be reported.
Further, where do YOU think the mid month, end of month OTC short numbers are coming from. Further still, why would it be "unlikely" that shorts are active and actively covering when in fact news for this stock can come out of anywhere at anytime--
B9- sigma six -a-like manufacturing process is being applied. McGann has to be concerned and has stated THAT is his focus.
If you don't care about it, OK then. But I certainly do.
B9- I took that as McGann's biggest focus. I assume he is concerned about quality builds. I think he has to be. But at the end of it all, I am betting they will produce modest volume at acceptable to high quality builds. But its a lurking question.
McGann's focus seemed to point to this and only this. Everything else is either known or guessed within reason: financing w/DMRJ, work on funded hand held, work on cargo vortexing automated ETD, work on filing tenders around the world, work on finding integration partner. All broadly defined, yet fairly know initiatives.
Production of volume at high quality- to be determined? A fair question.
Buffalo- Bolduc did what he set out to do: gain worldwide approvals for best of breed ETD product(s). He did that. I do NOT agree with the implications of your statement. Consider your own investment into IMSC-- why the hell would YOU invest in IMSC while claiming to dislike IMSC and Bolduc? Reason- you invested into IMSC because Bolduc delivered yet you can't give the guy a compliment??? That's too bad for you.
Actually, all the hard work was done by the Bolduc regime. And McGann is NOT saying anything to us.
A big deal will be the financing deal pts. If that is MORE OF THE SAME, you might see bailing.
But it could go the other way too. I pointed out that both McGann and Jones have incentives to bring in new financing of at least $15M. Their incentives are strong.
Ex-ceo Bolduc spoke of financing interest back in Nov. I am sure that went into a holding pattern and now the deal is getting pressure cooked.
Euro zone is a big looming opportunity but UK and FRANCE are famous for NOT selecting the best, rather what is native. But IMSC will get a piece of that.
DHS is a danger as it has to be funded to operate smoothly. The purchase funds are already there, but the distribution process ( ingest of units) may get side tracked.
IMSC has been a midget playing in the land of giants. So far, its out-innovating, out-selling and now it has to out-build. That last aspect is telling. McGann is saying 100 units to TSA every month and I expect he is leaving open another 100 for OTHER buyers. But all of DHS will fund thru TSA's IDIQ. I just don't know if they can produce 200 units at quality.
But the good news, the 150-E is awesome! We just can't cash the check yet!
Buffalo- so you are saying YOU have a source that tells you shorts outstanding, but the SEC mandated source is always wrong- HARDLY.
Further, if you paid any attention at all, the short vol % of total daily sales does fluctuate quite a bit.
When FINRA went into action, it had plenty of mistakes as law breakers failed to address what was required, and the OTC exchange quite often has a daily correction. However, to say IMSC's reporting twice a month IS accurate, but FINRA's daily reporting is not is absurd.
Go look at the graphs and you can clearly see the short % go up and down.
Fidel-- the shorts are plenty active: 51 and 41% of shares traded the last 2 trading days were SHORTS. So they are trying like crazy to HOLD it down, while they shift shares into the hands of a strategic buyer.
That all reverses with two lines in the PR: protest denied, we are shipping xxx to TSA tmro.
The QS-B-220's full name contains Quantum Sniffer. The sniffing, is done via analysis of the swab which is what collects the trace. It sticks to it.
But SWABS don't sniff, so the name is an odd one. And swabbs don't touch either, so the swabb action is referring to it moving thru a space and attracting molecules which then are affixed to the swabb material.
S-M both had hand held units on TSA's QPL, but their approval expired. Don't have any idea about the Swedish article. But if sure sounds like a QuantumSniffer- H-150. ( it used to be the H-100, just as the QS B-220 used to be the QS-BTS-200, with BTS meaning Bench Top System.
The desktop portion of the 220 is the old housing of the 200. Not 100% certain what the old collection method was on the BTS 200, but one thing Dr. McGann did do, which is certainly a huge factor in the 220s success, he created a NEW swabb. TSA wants to universalize the swabb...so S-M units would use "a" universal swabb. I read this one way: TSA wants IMSC's Swabb to be used by IMSC's competitors. I don't think that will fly to well with IMSC mgt.
IMSC'S SWAB AND VORTEX ARE HUGE DIFFERENTIATORS. GIVING THOSE TO COMPETITORS WOULD SUICIDE.
My guess, S-M will figure out a way to duplicate the IMSC swabb without violating an IMSC patent. ( don't even know for sure that IMSC has exactly patented their NEW swabb)
Swabbing is lame.
Corner 3, a white corner I presume- EXCELLENT POST! To confirm your supposition, the filing today points to MORE DMRJ AT DMRJ's RATE.
Here's how DMRJ's actions play into McGanns/Jones gain: If they bring in at least a $15M finance pkg, they get 10 year buy options on 1% of fully diluted ( the BOD defines this). So the self interest driver says they will, but only after DMRJ converts driving up the float ( the BOD cannot dispute that) making the 1% a larger number, while driving down the price, making the option strike lower. THEN after that, mgt. begins to align with common, debt is cleaned up slightly and hopefully the stealth dumps stop and low and behold, a NEW product is revealed to exceed awesome driving up the value of their buy options. Fiction or Reality Show?
Totally agree, DMRJ like everyone else is going to squeeze this little piggy until it screams bloody murder. For instance, what is the difference in what Liscouski DID as a paid consultant to what he will do as a salaried employee with regards to finding an integration partner?
To say the company cleaned up the balance sheet is really what RE-BRANDS the company (allows real rebranding to take place) because today , we owe everybody but we have some nice new file photos on the website. So tmro, competitors will say the same thing they said yesterday, insolvency lurks in the parking lot at IMSC and $800 worth of file photos don't reverse that perception.
Rightttt- DMRJ does NOT have a BOD seat, the direct opposite of what you claimed. Why not just admit that? To have a seat, they would have to provide some unique level of expertise and or a large position to command a seat. They do NOT get to vote on the BOD. Smartly so.
BAM on the other hand does have a SEAT, and the IP that guarantees their loan.
But hey, you are soooo good at explaining things, maybe you can pay me $1.50 for my shares that you swore would happen if the CEO was fired.
Buffalo- NAME the DMRJ person on IMSC BOD...would ya? Or not. Why not?
Not really. Both GOA and Business requested this part of the process. The C/B on having a check/in place before money is spent is a good idea. Its actually smart. However, the grounds for filing should bear some tangible grounds more than a sore loser with a fishing pole.
Buffalo you said: For gods sakes platinum has a seat on the board of directors . You think that's an even playing field and 'the degree of risk" for retail vs platinum? Please....
Who is the Plat. appointee- because I must have missed that one.
ki- my take, last thurs. the shorts dumped knowing that DRMJ would dump after the CC. So what could have happened is the shorts bought up DMRJ dumped shares at their cover point.
yesterday was not short selling, it was short covering by buying DMRJ's dumped shares. At least that is how I saw it. they made the difference in what they shorted at on Thurs to the price they bought from DMRJ on Wed.
IF DMRJ was not supplying them with dumped shares to cover, they would have pushed the pps up. Instead it wallowed. Do you have another view...?
Irish- apologies to you and other IMSC shareholders re: mcGann's incentive for bringing home financing of at least $15M. Its NOT a grant, its a buy option at standard pricing procedures, but it is 1% of fully diluted shares, as determined by the BOD. Its good for 10 years after the award of option date. So if you convert DMRJ's loans to shares, you get one number. If it happened today, I would say that its 720,000 shares at whatever the close was, good for 10 years.
So a few negative incentives in that agreement: let the share count rise to increase the award amount, let the pps fall to decrease the cost.
I had the 1M share "award" wrong. Sorry.
Irish- pretty fine post there my friend. A couple of quibbles...INSIDER buying would help INSIDER options yet INSIDERS see little value in doing that. And if said INSIDER is so well off, why would said INSIDER not take advantage of a compelling opportunity? Reason- INSIDER options at .51 cents and INSIDER 1M share bonus to gain a new FINANCIER mean INSIDER gets shares without much cash layed out ( old GB was a wise man that many will never see or know). Look up my fave ETF, symbol: KNOW...you talk about picking a winning horse at birth all based on insider buying. Old adage: If insiders don't like the water, there is something foul in the well. Sure, insiders have used the diversify excuse forever, but at the end of the day: INSIDERS HELP INSIDERS THE MOST BY BUYING A GOOD OPPORTUNITY. Add on: shareholders will never ever get them to buy by asking them about.
My sense re: shabby treatment of GB and the cute-pat answer, well, that's NOT how I like small companies to operate, especially since 90% of everyone there was brought there by GB. The way to handle it was agree on everything, including the PR announcing it w/ the K showing the settlement. But nooo, they dump it on shareholders heads like pure amateurs...not smart, IMO, but now you have an idea on how they will roll.
Note to Buffalo- totally agree with you, maybe for the first time, re: a buy out rational based on the obvious opportunity of it being accretive. So, yes, if XYZ see IMSC's products, sales, IP, NOL and key talent as bringing increased sales, then sure, they would move on IMSC. I think they will go thru stealth acquisition of shares, manipulation of share price ( like this stock needs more of that) and the very obvious, the share transfer taking place by DMRJ to THEM over time.
Nothing. But WHEN was the intent of the question. AWESOME was the answer. And prior market-wide knowledge already exists ( white paper). Further, he will miss a submission deadline if a QDP is not subed by end of July so WHEN was a pretty important question and AWESOME is the answer. Again, not a communication strategy I can comprehend. Further, filling the IDIQ is not a strategy, its an operational requirement. Strategic intent was paramount yesterday and it was swept under the rug. I am not suggesting McGann tells us his two favorite PETS names. But if you look at the prior information and compare to distributed information yesterday, you have to scratch your head and wonder WHY.
The entire competitive landscape is keenly aware of IMSC lead in non-contact. The TSA banked on it. So the road ahead was paramount for me and its-- AWESOME. OK, I'll take AWESOME with a money back guarantee. But as they say, there's NO CRYING in ETD.
A few state police depts. use hand helds for drug detection right now. But a close friend who uses a canine ( SARGE) in prisons to look for illegal subs. believes NOTHING will every beat SARGE. His record of discovery is astounding. SARGE gets calls from wardens that know they have a problem and have failed to discover it. SARGE is a unique living con-op modality. IE, ceilings in an admin. office-SARGE found it. SARGE needs a you tube video just so the cranks sweat.
Its a question of con-ops which you can see in the TSA specs. The OLD IMX faced the question of con-ops all day long. But not from TSA. From TSA its was a question of +/- ion detection, which the 150 does NOT feature.
A point I made yesterday, and I will make it again: McGann goes to industry day, presents a white paper, the room applauds. THAT event is about the road ahead for ETD use and boundaries, ie- hand held non-contact ETD. So a shareholder nicely asks about it, posed as : WHAT'S NEXT.
Nothing.
Then prodded about the "E", he says AWESOME. So a room full of potential and actual competitors hears product white paper, a shareholder gets: AWESOME. OK, that's the new paradigm on letting the owners know about their company, their investment and their future. It was grossly disappointing and unnecessary. How bout WHEN...you answer WHEN and Buffalo's buy out premise kicks into overdrive. I believe 9-30-15 at the very earliest.
A second point: Bolduc pointed to financier phone calls after IDIQ award. So if they go again with DMRJ, I will be greatly disappointed. IF they continue at 15% interest, it will stunt share price growth as profits-rev./shares ALL go to pay debt. IMO, they merit much less than 15% interest just based on the IDIQ.
Yes, we were at an inflection point which I believed was a product development roadmap. Now, it seems, live off the IDIQ, the EURO tender etc. I think the zenos running the EURO tender will drag it out until S-M qualify for Cargo and Checkpoint. Plenty of questions left between now and May 15th...check the mobile version of implant.com. Oh, mobile--thats right, the fastest growing way the internet is accessed. Wow, mobile...maybe we should- nah. More Search is done via voice than any other way. Goog actually as MSEO strategies now...
Yeah, it gets worse. Plenty of bad. IE, BL was our paid consultant thru Jan. to the tune of $15K a month. What did he do in Jan'15. for the company? Now, he's going to do the same thing on the payroll. McGann was asked about insiders not buying stock. Usual answer, then a casual reference to: I barely negotiated my salary, I told Glenn whatever. BUT he doesn't mention his $.51 options , his $1.40 options, his grants and his million share bonus for finding new financing. If those just dropped out of the sky- then he is indeed a "rock star". They didn't.
I have to say, he had better be holding 4 aces. Because he gave out nothing. The 150? Not going to talk about it. The $2M grant? Hopefully by paid thru by end of Dec. New product tie ins to complimentary companies? That's BL's job. Branding is all well and good because you need some CRED to have any kind of a peer to peer discussion on JVs but throwing a new background on the website and adding a few file photos does NOT a dynamic presence make. Its content light. Its not impactful. Its not engaging, but it is a tad better than the cheapo look/feel they were throwing out before. If THAT is the forerunner of the BRAND-A-THON, I don't have much hope. They can't even put a picture of a swab up.
OK, here's your bedtime wish: McGann is impressed with the NEW 150. He called it awesome. Of course he built in the new features, but that is IT. The shorts were NOT the big sellers today. Guess who... was? Tomorrow, the shorts will be huge dumpers.
Oh, you'll love this: the CFO has been loaning them money usually to make payroll...three times last year.
How do I know the TSA protest is about to be settled?
On February 10, 2015, DMRJ converted $120,000 of the accrued interest owed by us under a promissory note into 1,500,000 shares of our common stock, at an adjusted conversion price of $0.08 per share.
Worse, the CFO is lending the company money.
I hate to say this, but the competition is beating this into every potential client. Who is NOT lending them money? Buffalo, are you lending them money?
They went from: we're getting a few calls about financing since we landed the IDIQ to...DMRJ is our lender.
This is the tough love period: low content shareholder info, NO PRs except when deemed material, fill the IDIQ. Go about producing. Let the share price wander off like a lost dog.
The only hope is Dr. Jones converts ETAC interest into an active contract for filling. ( I am NOT going to use the word pipeline again, not after that CC.)
The bet: you have 3 blood hounds looking for money. Two of them are very well connected to big EDS players and 2 of them will receive 1M shares if they bring home the bacon. This will happen. They will get the shares. The company will move forward at a very rapid pace.
McGann&Jones are old teammates and know where every body is buried. What kind of finaggling would you do for 1M shares-- well, you would NOT call DMRJ. And NOT BAM. But you would call every EDS maker in the USA. If you had to, you might call your almas up too. A million shares make a man crazy. A million shares make a man work like a demon. A million shares puts the pedal to the metal. A strategic buy-hold invest in would drive the SP thru the roof. They need to work w/ some entity on an EDS linked multi vortexing unit and that is a huge driver of interest. M&J Save The Day!
Short sellers % over 65 today. Fake. Watch the turn. Thanks DJ! To infinity and Canada!
Fidel- there is a drunk running the House:
"Boehner's stated position is that "the House has acted, we've done our job," and that blame should fall on Senate Democrats for refusing to acquiesce in the anti-immigration putsch. "Senate Democrats are the ones standing in the way. They're the ones jeopardizing funding," Boehner said."
Oddly, a Fed judge has struck down the Prez's immigration exec orders, so now Boehner won't have to cry in public. McCain lectured him, Mitch lectured him. Still, how much sense does it take to say: we have a terror threat, therefore we are going to HALT funding of DHS.
Good question Andy! And if THAT company has taken a position, well then, its off to the races.
Meanawhile, a quick look at the Short Coalition of The Unwilling:
Humm, it seems they are losing their grip along with their mind. To short going into a "resolving" conf. call would seem risky. But they always rely on the revenue number to make their play work. Well, hate to tell them, but the market is always always always about the future.
So the protest squashed= IDIQ free to fill= a strategic investment, perhaps by your fave L-3 or Reveal or ____ !
Hum- I like the idea of presenting white papers...but those are NOT convincing, in my view. However, they are a good start.
How about a RED paper that goes to cargo shippers that says: Use weak out of date ETDs, not tested against the latest threat matrix and risk the worst case scenario of a package YOU examined and passed that then goes boom and kills about 2000 people and of course ruins your business.
Ted- I can only hazard a guess- TSA knows the product is almost finished. The question I have is; will they produce one or two products off that grant. IMSC has been posting the "E" version for 2 Qs I believe, prior to that they called it the Hx for a number of qtrs.
My key question is, can we stretch a $2M grant to a conveyor non-contact multi vortexing machine that is controlled by the AIT operator. THAT is a monster size opportunity.
Dsully, just my opinion, because any delay is a partial act of suicide. IMO.
Further, TSA will tell them much before TSA will approved the PR announcing it so they can know the outcome prior to the CC.
Irregardless, they need to clear up the doubt about wether an asteroid is going to hit us or wether we are going for a ride on one. We know what GB's strategic intent was= get gov. certs. to enable sales, get sales to enable an uplisting, build products that have legs, captialize on all of the above, sell the company when it hits $500M cap.
So if Dr. McGann has changed the direction the wagon is heading, IMO, he has to communicate what that is and how we will get there and what the milestones are along the way, while maintaining comp. secrecy and of course TSA's restrictions. But hey, they go to industry day events and every freaking competitor is taking notes...so its not the big deal it is sometimes made out to be.
Further, there are only so many ligitimate potential buyers out there, IMSC has them in their contact base and when anything good develops, those potential buyers find out about it, they call their rep or contact at S-M and ask about IMSC's this/that, then they get fed a line of BS that has slightly more "e-coli" in it than the worst lines we are fed. Why? Cuz the TSA is going to do whatever it feels like doing.
Analyst: how much of the $2M development grant from TSA do you expect to receive before June 30th, 2015?
BM: Competitive secrecy- hell, ALL OF IT!