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You are clearly pro-"competition" (at least it appears that you believe ASTC is competing with Implant), so it is a little disingenuous to say you are neutral.
Can you provide a source for the TSA publicly taking Implant to task? I missed that, but would like to see it. I agree the press conference was a big mistake, but I have never seen something where the TSA responded.
Thanks.
When did the TSA publicly tell them off? I missed that...
Another big advantage to us is the CRADA.
No one knows what the requirements for the new handheld will be... maybe, and this is definitely a maybe, we will know sooner because we have a research agreement set up with the TSA?
We also have research funding via the TSA, as well.
There was no lawsuit.
It was an investigation (fishing trip).
If possible, can you share what you discuss?
We're all in the same boat (most of us are, at least)...
Couple of problems with your doom and gloom.
1. They have the ability to dilute. There is a zero % chance that they could not get someone to come in here and buy the shares we need at 50 cents a share.
2. They have the ability to get another loan. Maybe with warrants attached, but it is definitely possible.
3. As much as this notion that these investments firms like taking over the assets of the companies that they invest in is throw around, I've never seen it happen. In fact, I almost always see these firms going out of their way to ensure that their investments can continue to operate.
What you guys fail to acknowledge is that someone at DMRJ and BAM came up with the idea to invest in Implant. They then went and put together a presentation and pitched it to the rest of their partners. Maybe they want out, but their reputation is on the line and they typically do what it takes to be successful because they are successful people.
In my line of work, I've seen a lot of instances where big investment firms push a sell of the company, but I've yet to see a firm who is willing to take over an existing business. It is out of the scope of what they do and they tend to avoid it.
Reality is still there, you just have to choose to acknowledge it.
It's been negative for way longer than a month.
This appears to be due to the fact that 2-3 days ago you were ready to throw 7K at this thing.
Then, today, you posted that you were losing all hope.
Anyone with half a brain could see how odd that is... In reality, you forgot you made that post last week (or mixed up the ID's you have that are supposed to be "long" with those that are "short") and messed up.
Great! We can all go out of business, together.
I don't care what has happened with the competition. They are better suited to survive a down period in sales. We are not. We need to convince customers that they need to buy.
Can they sell the company without getting approval from the owners of the company?
That would require a scenario where retail investors don't hold over 90% of the company.
They would have to show that it would be impossible to dilute and still keep operations going.
We are at no risk of defaulting on our debt, but the dilution risk is real.
It wouldn't make a ton of sense for them to do that as they obviously have a need and our product is, at least currently, the best one out there.
That sell would kill one of our advantages, which is that we are an American company. I think that plays a larger role than a lot of people seem to realize.
The really interesting thing is that they are relying on Bill to brand the company and increase sales...
Why do we have a head of marketing and sales? He moves mountains, right?
Maybe they fired him because they completely whiffed on generating PR after such a huge event as the TSA order? I mean look at the volume after that event. It wasn't that significant.
Further, the coverage of such a large event was almost nonexistent. When it was covered, it was covered incorrectly. We had the 220 qualified but there were pictures of the 150 going around, which couldn't have made the TSA happy when you consider the comments that were being made.
DMJR may have played a role simply because they were mad about the lack of liquidity after such a major event? I mean I'm sure they were expecting there to be more buying pressure, right?
At the end of the day, a lot of that falls on Glenn.
Keep telling yourself that.
You literally said it would go to 1.80 the minute he got fired like 5 minutes before it was announced.
You've been wrong all this time. We all have been right because we knew the appropriate time for it to occur. It wouldn't have made sense years ago as he took the pps from 3 cents to over a dollar.
We didn't have to call for something to happen for years. We made it happen in a matter of 3-4 months.
Yeah... I just want to give props to that Nowak488 guy... He really nailed it.
Yeah, some here are giving DMRJ way too much credit.
They only have power if they are the only ones willing to loan us money. Once someone else comes along, they can easily be pushed aside. They don't even own the rights to our assets at this point.
If they were able to hold more than 5% at a time, I'd give them more credit, but the only hold they currently have is the power to give us more money. Hopefully, that won't be needed.
Yeah, this isn't a best friends club. This is a company and an investment.
You can't say "he's done such a great job" and then look at the share price and validate that statement. A big part of his job as a public company CEO is to create a steady return for investors and he failed to do that over the last 2-3 years.
The final straw for me was the comment he made on the last CC to the guy who asked about the share price. That was so out of touch it was infuriating to hear.
We have a product that everyone is willing to admit is the best out there and we were able to go through a very defined process. Yeah, it takes someone with some business sense to get qualification, but I think there are a lot of people who could have made that happen.
He did okay, but he failed at the most important part of the job. If I was going to loan them money, or make an investment, I wouldn't want him around simply due to his recent track record.
Maybe he wanted to do another deal with DMRJ and the BOD didn't want that to happen?
The best thing for the company is to cut ties with DMRJ, but Glenn always made it seem like they were very close.
We'll see what happens...
You got what you have been asking for
Haha alright bud.
Move along.
Either way, it is his job to know things like this.
All of his connections are useless if he isn't able to figure something like this out.
We can agree on Cargo sales, though I think someone with the connections of Dr. Jones should have seen that coming... Based on your previous comments, I think you would agree with that.
The problem is, I'm not talking about cargo sales. I'm talking about all the pent up demand that was referenced in regards to passenger qualification. What happened to that? The one sale South Korea explains all of the pent up demand? I mean maybe he was referencing the TSA, but he made it sound like so much more.
To me, that is much harder to explain away. Hence the reason you ignored my previous reference to South Korea.
I know what a safe harbor is.. I find it odd that you think he is great, but you feel the need to make that excuse for him, too.
A great sales manager should know the pipeline and the demand and should act accordingly. Furthermore, a public company sales manager should know it well enough to know when it is appropriate to make public statements.
Yeah, things fall through.. That is why you refrain from public comments until it is a certainty. At least in regards to people waiting to buy until after qualification. That would imply that a deal in principal has been reached.
What he does it take one event (like the South Korea deal) and make it sound way bigger than it really is. Instead of saying we have a customer who is waiting, he says CUSTOMERS, which is not really the truth.
He may not be lying, but he isn't making statements that are based in reality.
Try and bridge his "pipeline" and "potential on qualification" comments to the lack of orders over the past few months.
You can't do it.
Do something to make it happen. The retail ownership is there to make it happen if it is truly beneficial for the company.
You're always going to be playing poker against people with more resources and information than you.
That's the privilege that a lot of money can buy...
Well I'd imagine we need roughly $21M to build the product. The other 21M would come on delivery. They did say their margin should be around 50% and that would explain the recent documents along with the article that was discovered yesterday.
Who knows what the numbers mean. I know the deal was for more than that because common sense tells me that no company is stupid enough to close a deal that may actually result in the company losing money. Plus, Glenn is on record as saying it was materially higher. No chance he makes that comment if it wasn't true. They'd go down and they'd probably take DMRJ down with them.
Everything will shake out in the end. If/when they re-finance, I think the pps will increase dramatically. Of course, that would mean getting favorable terms, but they should be able to get something decent. Their debt isn't that substantial for a successful company (in terms of the industry, they have been successful as of late). Heck, you could attach warrants to the deal as long as the amount is significantly less than the amount DMRJ would have to convert in order to satisfy the debt owed to them.
One thing is for sure, it's always been an adventure with this stock.
The more important questions, for anyone who is aware of how this works, is whether or not that money has already been delivered to Implant?
That would eliminate the need to borrow money for production, which would eliminate interest.
Of course, most often you don't get paid until your deliver the goods, but I wasn't aware if the government process is different.
Maybe the first 21M was for a small order that they can use to train TSA agents?
It would make sense that they aren't going to pay for the 1150 units until they are delivered, so maybe this is for a first, smaller, delivery. It would make sense that they would want people to train on them, first.
Remember the comments about additional testing time due to having to train the TSA employees. These things aren't like bikes...
They were the ones to release the dollar amount and the number of units.
It would be okay if he can't give us the exact dollar amount, as he said he isn't going to do, but he needs to know what the $21M number is in relation to.
To say he doesn't know is not a good thing and there is no way to explain that away.
The whole TSA process is so well defined that all you really need to do is follow the line the DHS paints for you.
Our competition is just as "in" with the TSA as Dr. Jones is, so it is kind of ridiculous to continue to claim that he is the main reason we got that contract. He is the reason we get all other orders... That being said, we don't get a lot of those. Of course, neither have our competitors, but that doesn't change the facts. Part of sales is convincing buyers that they NEED your product.
It's not easy, and that is most likely why he has done so poorly over the last few years.
haha yeah, I was 95% sure that one gave him away, but didn't care enough to find proof of it.
It doesn't really matter. This will either be ignored or excused away with some explanation that doesn't make sense.
There is a difference between complaining/bashing and acting like everything is fine and dandy.
Everyone, one every stock, always point to "100 share trades" when the stock is down. That happens on companies much larger than Implant. We aren't where we are due to 100 share trades, we are here because we have a terrible debt structure.
It MAY NOT HAPPEN, but I think we take off if we can get favorable terms on a refinancing.
It amazes me that you guys have been here all these years and have been long the whole time and you refuse to admit that it has been "wait until _____ happens" for at least the last 3 years.
In reality, you guys trade it while telling everyone that you are long and strong. I'm sure some of you will even admit that when pressed, but it doesn't change the fact that you post day in and day out as if you would never sell a share.
There is no way you've held for years and are not frustrated or concerned with the share price. If you are, admitting it isn't going to send us to zero.
They don't expire in 2020.. That is for other devices, not ETD.
The document doesn't reference ETD expiration. Plus, units will expire.
The actual post is still showing below...
Maybe they gave them a down payment meant to help with the costs of building the units?
I asked Glenn about this, but he asked me to call him. I don't have the time this week and I don't want to take away from his holiday week, but maybe someone with more of a relationship could reach out to him?