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I think the issue will be when the contract will be awarded. There is a sharp difference of opinion on this board of when that will happen. I think PSID has an outstanding product and if I thought the contract was coming in soon I would buy much more shares than I own now. What Robst has reported is in black and white and I can understand his thoughts. My problem is with the GAO 17 page report which they interviewed DHS officials and reported much different time frames. That information is also in black and white. So is GAO lying in the report?? Are they lying to congress? To the white house?? I am trying to post this comment in fairness to the PRO PSID investors and those who are trying to decide what course to take. GLTA
With China letting Cardinal in I would sure think FCPG with the internet license would be of interest to many companies. I sure hope to see continued growth. As long as that happens I am not too worried about this stock. I do not want to see a huge float or a large amount of debt. This is a boring ride we are on but at the end there may be paradise.
I agree with much of what you have to say, especially how long it takes a company to bring a product to market. It is not usually for a company with a good product not to make it to market. Hopefully PSID's products are unique enough that will get them over the hump. There is some research being ignored by some. I have done some research and have uncovered what I feel is credible information that would slow down the expectations of PSID. I do not mean to drag everyone down who post positive things about the company but in my opinion some of it just gets a little out of hand. I think many posters will agree with me. I do get private replies from those who agree that there is potential but they also question the projections. Based on your last post I think you do have some experience investing in upstart companies so maybe you understand a little bit of where I am coming from. I mean no harm but I do think there needs to be some balance.
lebeau --you have to look at it as entertainment, every once in a while you gotta throw them a bone to watch them scramble. If they can't pump it up you darn sure can't drag it down. I would love to know who honestly believes all this stuff and who are just fueling the fire. I own this stock so I wish them the best of luck but I have found myself laughing out loud. I even thought about adding some juicy projections. I do believe this company has potential but I think the real revenue is several years away. That is just my thoughts. I wish all of them the best of luck.
Just for clarification GAO stands for US Government Accountability Office not Accounting. GAO's job is not accounting. I think the word Accountability speaks for itself.
Robst I hope you are right. I guess time will tell. Never tasted crow but I might be eating some if you are.
http://www.gao.gov/products/GAO-12-994T
Make sure you click on the 17 page report to get more than just the summary page.
Posting 5796 explains what I had posted. That poster read the same info I did. That came from a government agency. So it is nothing we made up. There are other people on here that know of that document. I can tell by their post. The document is actually 17 pages long.
with 3 years of testing ahead and the first machine not expected to be deployed until sometime in 2016 and full deployment not until 2022 there are still a lot of questions to be answered.
I got my answer, no biggie, people share a lot of info on here and ask for a lot of info. but I realize if you question PSID's ability to get the contract it is a no no. I own stock in PSID but I still want information good or bad that is available. I think that is the way these boards should work but very few do. I believe a lot what is said on this board but some stuff is a little far fetched. But that is with any of the boards. Making Big Dough said himself that pumping on this board will not change the price of this stock and at this point that is very obvious. I will stay off here so I don't offend anyone. I worked in an environment for 20 years where part of my job was to fire back. Those days are over so it is best I stay off here. I hope everyone makes money.
Just asked a simple question which I am sure someone with a professional attitude can answer. Not going to talk smack.
Could someone clarify what has been claimed in regards to NOC. There is too much to read so I figured it is easier just to ask. Some posters are claiming the president of PSID said NOC failed in the test. My understanding he said PSID was the only company using their technology that passed all test. My understanding is NOC uses a different technology. So his statement does not apply to how NOC did. Is that correct? I know I have read where they claimed to be ready for the next phase. I am not trying to down play PSID's ability to win the contract just tying to figure out who is on the playing field.
Stockcrumbs I think you are right. The cell in the box is where the future of this company is. Pot is easy to grow and will have numerous companies growing the stuff. In Colorado you can legally have your own plants. When the price jumped I sold my shares but I am watching to see what happens with the cell in the box technology.
I agree with you redrain. With this stock I am just hoping for a steady increase in sales and eventually revenue will boost the price per share. This stock is somewhat boring but if it continues to expand the internet business as well as other areas I think we will have a winner. There will probably never be any exciting PR releases. For those of us who have experienced the pump and dump tactics of a lot of penny stocks this is almost a breath of fresh air for me.
I make no argument over who has the best product. I have no idea. Based on what I read on this board I would think PSID. Just seems like things are not adding up. Whether it is investor awareness or government budget cuts or maybe investors got burned out on PSID since expectations have taken so long. I am anxious to see how this all plays out. One way or another it will be a learning experience.
NOC claims to have run something like 20000 test with no false positives. It is hard telling who has what plus what influence they have on the government. It seems PSID's technology maybe faster. One thing that worries me is NOC might be able to retrofit their current machines already in place and what that might do to the bid process. Just a thought.
There are a lot of companies getting into the medical marijuana business. There are no projected or immediate revenues from this announcement. I can't understand what the buying frenzy was all about. I know it gave me a chance to unload my shares at a nice profit. Whoever said pump and dump I think they are 100 percent right.
MBD I agree with what your saying. I have actually been watching this board to see if all the positive things said about a company can actually move its stock. As you said the answer is no. Whether it is hard core facts, exaggerations, or people talking out their backside I do not believe these boards can move a stock. If nothing else --a lesson learned.
The penny stock market is crazy. PSID is in the running for a huge contract and has struggled to take off. I own a stock with the symbol NVLX. It goes up 70 percent today just because they are getting into the medical marijuana business. None of this makes sense.
The company they run stock is suppose to go from .02 to 6 bucks and they are not buying any shares. By looking at the numbers I would think a lot of those shares were awarded rather than purchased. That's interesting.
I have not seen any insider buying. The website I went to showed none in the last 6 months. Any ideas out there on that.
No big deal I decided to go out on a limb and buy a few shares. We actually have a penny stock that generates revenue what the heck. I am sort of a dummy so I read what u guys write and decided it was a good move. Time will tell.
Mine will not be 100 percent profit. My other 40k I am at an average of around 32 cents. I will go sleepless now waiting on the annual report. LOL
Are sure u are reading it right, or maybe my buys came through after you looked. I bought 60000 and volume is only at 78000.
A reverse split I think would be terrible. Once the excitement slows down there will be a long period of uncertainty through the 18 month testing phase. Then you have budget cuts to deal with. Bottom line is the stock would probably worth less in a year than it is now. Not sure how many investors are willing to wait this thing out. I know many have taken such a beating on this stock that they really have no choice but to hope it recovers. Been there done that.
I have been on the PSID board reading how investors there think that the new Biowatch3 government RFP contract will be all theirs. They claim NOC's machines are no match for PSID and they will get the 3.1 billion contract. I have not been on this board but was wondering if the subject has been discussed. I am hard pressed to think NOC does not have a chance. Any input would be greatly appreciated.
Barrington2012 I had to sell there are company announcements being made by posters which I feel the company would have made if in fact true. This company in the past has not been afraid to pump their stock. I am sure we all try to decide who has credibility on what they say and who are pumping. I think it is getting a little silly on some of the claims.
I might just do that. I sold my shares yesterday out of panic. I do have a question you might be able to answer. Does a company have to add their name to this list of potential bidders or can they just wait for the government to put out the bid. thanks
thanks for not barking at me. Nothing is harder than reading a post where someone has bashed or doubted the company everyone is pulling for. I have looked at the companies you suggested and I am troubled by what Northrop Grumman has to offer. My concerns go further than just assays. I do not see them getting shutout. I think PSID does have a good product. But to think as some have suggested that they will blowing away Northrop Grumman I can not buy that for many reasons. It is best I leave it at that. No point in ruffling feathers so early in the morning. I might even get back in at some point. I was extremely excited about this stock and at one point owned over 400k shares. GLTA
http://www.bioprepwatch.com/weapons_of_bioterrorism/northrop-grumman-tests-biowatch-candidate-sensor/324641/
Not sure about posting a link but I copy and pasted this from the web page.
My guess is Northrop Grumman and PSID both get a piece of the action. Northrop machines are much smaller, they have already passed some of the requirements and claim they continue to make improvements. I do not see them getting kicked to the curb. Their resources alone make it hard to compete against. They were awarded 8.4 million in 2010 to start testing and improving the technology. They claim they have worked out the bugs and are ready for the next phase. Seems like they have an unfair advantage.
I do not mean any harm but the info has to raise some eyebrows. The money boeing gave them is pocket change. The easy check system I believe is only being tested on males so that sends up a warning sign. I have lost a lot of money in penny stock so I am sure I am more gun shy than others. I was counting the millions I was going to make like everyone else. Usually if it is to good to be true--well it isn't. I hope everyone's dreams come true but I guess I have just become to leery of some of these companies claims. GLTA
I also pulled the rip cord. Looking too shaky at this point. Definitely not the slam dunk everyone thought it was. I will watch and maybe buy back in later but the loses one can take on these penny stocks can be brutal.
We get an update every 3 months, they are what I consider a slow growth company, definitely not an explosive one. When most people buy stocks you look at ratios,growth etc....Besides maybe a financing agreement I am not sure what they could announce to make a significant difference. I understand everyone's push for big news but I do not think there is any. People lose a lot of money on penny stocks due to false hopes. I am one of them. I guess to answer your question, yes I am ok with the way things are going. No massive debt, low float all we need is some good quarterly reports with reputable auditors. It is what it is. Can you tell I am for the most part simple minded?? LOL I hope everyone makes a million.
We get an update every 3 months, they are what I consider a slow growth company, definitely not an explosive one. When most people buy stocks you look at ratios,growth etc....Besides maybe a financing agreement I am not sure what they could announce to make a significant difference. I understand everyone's push for big news but I do not think there is any. People lose a lot of money on penny stocks due to false hopes. I am one of them. I guess to answer your question, yes I am ok with the way things are going. No massive debt, low float all we need is some good quarterly reports with reputable auditors. It is what it is. Can you tell I am for the most part simple minded?? LOL I hope everyone makes a million.
I agree with Pack10. Shareholders have complained about the communication from the company for months if not years. Nothing has changed. This is not a company that revenues are going to go sky high overnight. Wang is slowly building a customer base. He has not diluted stockholder's equity through shaky financing. He does not want to ride the heat by make predictions that may or may not come true. He lets the numbers do the talking and I for one would rather have that then all the pump and dumb crap that goes on in the penny stocks.
Thanks for the info, I am glad they are trying to move forward with their other products.
I would really like to know where they are with that Easy Check system. They say very little about it yet there has been people on this board making big claims about it. I do not think it is that close to market. Someone please prove me wrong.
FCPG could easily get financing if they truly wanted it. This company is in much better shape than a lot of penny stocks that get financing. Often times the type of financing they receive is the road to ruins. In one of the previous financial reports or Sec filings Wang chose not to identify a client due to competitor reasons and if I remember right it was within SEC rules. I will admit I am too lazy to go back and look for it. Because of the completion in China could it be that Wang does not want to draw attention to what the company is doing. Sort of like a new airline starts up and the other airlines bury them once they learn their marketing strategies. They creep around trying to take away business from their competitors without drawing attention or alarming them. Just a thought and if nothing else some new reading material. GLTA
DaveCatawave posted the RFP was suppose to be submitted in the 3rd quarter of FY 2013. The fiscal year 3rd quarter is actually April thru June. If we are talking fiscal year and not calendar year. Can anyone clarify this or am I wrong on this. I guess I am hoping for the soon the better. thanks