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185k shares(down from 325k) with vote of no on increasing shares or options to former board.
The industry knows who they are- they have two back to back GSN best of breed awards. They are unknown to retail, because they refuse to build their brand like they said they would in their mission statement six months ago. Institutions won't touch it with the toxic debt, we are in for a painful uphill complicated SP fight with this one. It just took too long to get rolling IMO and the cancerous debt has taken it's toll.
Implant is known- for it's great tech and even greater debt structure.
Hey man in true Buff fashion I clearly called 2016 as the year here way back in 2009!. Just tryin to have some fun,as my brain has turned in to oatmeal with this one.
They decided to wait a few more months till this whole TSA failed screening craze blows over- at the suggestion of Morpho. Don't wanna get dragged through that mud pit.
Should be our theme song..oh what the hay, Kevin Cronin beats Castro's daily rant.
Preachin to the converted brother- been sayin that for years. Contrary to some on here that want to wait for some reason to start "building the brand" the sooner they do the more new money comes in, the quicker DM gets their ends. As Tononka would say no more simple than that.
Laugh out loud unfortunately.
Who knew?
67 out of 70,kinda like our SP range.
http://news.yahoo.com/homeland-revise-airport-screening-tsa-head-reassigned-030804875.html
I think they shuttered their Shanghai office as a cost cutting measure hence the in country distribution partnership.
Wow.. trying to imagine what will make this thing reverse direction at this point. A 5M contract and a new 52 week low. Note to self, debt trumps all.
Ha, my BE is .67!. Not quite like the good ole days when it was sittin in the .30's riding a 50% ass hammer for MONTHS. At least they have stuff going on now,although I have no idea if it's going to make a difference anymore with this malignant debt structure. Hoping for a better June, personally this has been the toughest year yet as a long.
"Instead, we're treated to the DMRJ narrative again and again."
That's because it's the defining characteristic of the the SP. Have you met BL? I have, great guy. But for him to say it's not DM selling is quite frankly impossible. I also like BM, but he's a tad arrogant and coupled with his silent running style it leaves one to wonder what's really going on in the backround relative to this whole financing debacle.
If DM's not selling,who is?. Not us "longs" I can assure you. Why is the SP at a 52 week low on positive guidance? These are real world questions,and need to be asked. Wait , they were, and were soundly rejected on the last Call. This SP is locked in a downward trend my friend..what will happen in Sept when they have an eye popping Q, and it still tanks?. Do you think DM will take their foot off the pedal at that point?. I am holding far less shares, and will continue to reduce exposure as I am not as confident as I was a year ago. Lot's of change since then, not all of it good. I will hold on to a good chunk(because it's LT cap gains for years) but I don't have the warm fuzzy any more with this company.They are in a figure four hold by their benefactor and it ain't apparentely going to change any time soon. Going in to deep lurk mode. best of luck to the old crew(and you know who you are)
You forgot the one single thing that's holding this back- nut crushing toxic financing. There will always be greed and manipulation, just at a much higher PPS if not for the debt structure. Looking back now it was all there for anyone to see, I chose to focus too much on sales alone.
Let me help you out with your confusion. They clearly said in the last CC they were going to build the brand more. They haven't. Building a brand is not limited to just sales. Building a brand is the process of making your name synonamous with what you sell. They need to transition from the new kid on the block to the default product- they have 60% of the market as of now- pimp it.
"You don't get to go on TV to tout your stock when you're on the OTC. That's how it works. No one in the general public cares about ETD and no one is going to see it as this life saving tech because we haven't had a big time issue with airport security in well over a decade."
Good god man that can't be more convoluted- the general public does care, greatly about the safety of their familes, there is an untapped market for private use of their tech. This is not just for govt contracts, private could dwarf that in the next few years(think sports venues alone worldswide) Why can't OTC's get on CNBC, did you own this when Glenn on several cable segments? You can't compare Glenn's time as CEO with McGann- all he could do was tell the story during the lengthy approval process. Yeah look where it got us- much higher SP. Maybe you should look at SP since the new admin has been in.
To say that DM isn't selling is whistling past the graveyard. They have to stay under the cap, it is what it is.' My only beef is why they haven't put one ounce of effort in to branding the company. Answer is this admin cares far less about current shareholders than the last. It's not a question of handholding, but one of taking advantage of a tremendous opportunity to position and promote what the company has accomplished. It's free, builds value,and affects everyone involved in a positive way. For all they know the one CNBC piece they have yet to do could generate a large placement form a private source,and even institutional firms. Billionaires have cable too. It's like asking the hot ckick out to the prom, all she can say is yes, she's already not going out with you.
It might be an easier pill to swallow by voting time. From McGann's tenor I think there will be some significant wins by then, in addition to large TSA shipments. I will vote yes, just hope they don't pull an RS out of their ass down the line on a uplist- if they're not scarfed up by that point.
"So, we should give them millions of dollars in free shares to show our gratitude for erasing 60% of the market value of the company?"
Look at it this way-
They get free shares for Gaining 60% of the market. Horsepower overcomes the loss of traction, sales are horsepower, sales kill debt. The one thing that seems to get glossed over is just how hard landing these awards are. Very competitive market, very big $$ awards. Hold em or fold em.
Full TSA order filled in ten months-gonna be some monster Q's on deck..
This would have been a sweet deal if all that they have going on now happened a year ago. Such are the misfortunes of OTC's, toxic debt,and timing. They really had no other option,and considering how hard external forces have tried(successfully) to derail this little company it is clawing it's way forward. Still think the old girl has some legs,not sure when but one fine day the worm's gonna turn here.
I can feel it in my bones- 2016 is our year!;0
.5M More, sadly it's not gonna help for now. Remember the days when this would actually creep up going in to CCs' and earnings?
http://phx.corporate-ir.net/phoenix.zhtml?c=88760&p=irol-newsArticle&ID=2047640
I have of late considered my investment here fools gold, at best.
Preparing to be delighted at any time though.. just not this Thursday.
Waiting to be delighted.. more likely the beatings will continue.
My bad, i'm a left coaster thinking like one- it will be after the bell.
Now 1:15 EDT would have been interesting!..but they have of late been releasing PR's during market hours, which is something Glenn never did if memory serves..
CC next Thursday 5/14 1:15
Will be announced in a PR tomorrow AM.
It goes nowhere till DM is out of the pic.
I would think the days of this going anywhere north are done for now. If they have new financing on tap, DM has been served notice and will sell all .08's until that happens. There's just no other reason the SP is at a 52 week low with all the pending positive news of late, and what's certainly coming. DM was selling much less six months ago, that's why it was trading at 2X current SP. You can only fwd look so long, and they have yet to make a dime. That's about to change in a big way IMO.
I think as long as they continue to win awards, and lock in more attractive financing the worm will turn here. If I had to guess, I would say a strategic partnership is in the works as opposed to outright sale of the company, for now. I'm sure I will be wrong though, as I have been on this one for years.
Gotta agree with you on that one. It's always hindsight with this one as you have to work events backwards with each new PR. To me it's clearly obvious when the SP couldn't break 1.50, let alone hold that after the IQIQ that is when DM started to open the valve. They didn't have a whole lot of opportunity to dump in to news this year as there wasn't any till a few weeks ago..maybe now with a potential re fi in the works it forced their hand to take all the free money they could get hence the cratering of the SP on some pretty good news of late.
Hope like hell they don't consider an RS, and vote no if it's on your proxy. I'd rather have a root canal every week for year than see that happen here- categorically the worst thing possible and that includes the current relentless selling. RS's are usually for real stocks already on a big board that need to maintain a minimum SP requirements(or they end up on this snake pit exchange, just like Implant did) It never works out well for shareholders,and the power of your share count gets whacked. In 08 GM did a 100-1 RS,then filed for BK shortly thereafter. Would you rather get a triple off one share, or a 10% gain on 100? Now do the math on this tripling off current levels and you are holding a Pant leg full of shares. Next to taking the company private, RS is the second worst scenario, the best would be they don't bother with reducing the wreckage of their past(bloated share count)until after an uplisting, if it ever gets to that point.
They can call it anything they want, as long as "A Wholly owned subsidiary of Rayethon or L3" follows that name.
Z, here's my whole point from a 50k ft view. You know you have a crap deal with your "only game in town" lender. It's only going away when the piper is paid. Why the fvck don't you accelerate the process?. You said it looks like a bargain at these levels, I agree, and we have both been here long enough to know it really is now more than ever. What's the old saying when debt comes in the front door, love goes out the window? That's ISC these days. It costs them nothing to hit the PR tour , there are IMO MANY people that given the wins ISC is getting right now, would take a flyer on a few K shares and hold tight to see what happens. This is the best kept secret in tech right now, wanna see DM shrink? Promote the crap out of the company. It's not a one time blow your wad mentality, they will have plenty to talk about in the near term (if they don't sell) not the least of which will be eye popping Q's of growth.
This would be a great time to announce the first shipped order to TSA. More and more looking like they will be the global standard in ETD, why they aren't pimping this to burn through the .08's and get on with biz is mind boggling. The SP goes no where till DM is to the curb- if you have any doubts to that just look at the 10M in orders in the last two weeks and what the SP had done since then.
A nice bitch slap to Morpho in their backyard,now get out there and promote it to chop down the debt. Horsepower overcomes the loss of traction, sales are horsepower..
Me too brother, not an option unfortunately, unless they sell the company.
Given the option, I would prefer they convert more rapidly. Would you prefer they convert more slowly?. Mgmt has shown they could care less about it's investors,hence ZERO branding. Even with some good news it's still going to have the debt cloud, I would rather they dump quickly and so be it if it goes to .40, we'll be done with them so when we do turn the corner to profitability they are clear of this hurdle. Of course there will be some new handicap then but at least I won't have to hear about evil DM bringing down the man anymore. I like Mc Gann, clearly he's a brilliant mind but the silent treatment isn't confidence inspiring for new or old investors alike. Hope once they get some good #'s they get a new skipper that's got more gravitas and let Bill focus on making more widgets with the IP.
Three bucks a share is sure starting to at this point. Timing is everything in life it seems, this one would have been a perfect play if all they have going on now had happened a year ago.
Day ain't over..it's setting up for another EOD dump- hello .60's
KC minus the sunshine band, com on man! You have caught this before numerous times, i'm in the same boat, still up on paper but certainly that could change- maybe by tomorrow. Who the hell else could be selling but DM?. They have close to an infinite supply, and have had exit points all along the way- IMO this is one of them. Add the Morpho protest, ZERO branding by the company and it's a perfect storm for SP erosion. Who knows what happens here, it's toxic for the near term, just depends how much DM needs to flush to offset their energy losses. Gonna go for a bike ride, play with my kids, then have a beer and listen to a little Frank- the world will turn