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Thanks for posting that NF'r!
V-sake- umm yeahh, I know the lag...but that was not my point. My point was, the patents are in play in IMSC's future product mix. AND, those patents are foretelling the end of the line in useable ETD resolution.
While I don't know what S-M have in their skunkworks, Dr. Jones does know. Key advantage.
But what I've seen S-M produce for swab use, is ah, well so late to the market they may NOT sell any in the USA. In Euro markets, a totally different story. BUT not when hand held non-contact enters the field. Currently, S-M hand helds are off the QPL. TSA does NOT have a hand held in its quiver. Huge opportunity. HUGE. Drs.McGann/Jones have seen this coming and are about to fill the need.
If they can work out financing to cut the stealth dilution, get QDPs to TSA before end of May to mid-June, in two years you won't recognize the pps. Why? They will be filling an IDIQ while they are certd WHAT IS NEXT. Non-contact's time has come and I don't think anybody can heat the air up and suck it in like an IMSC VORTEX can.
I see very very good things ahead IF they can work thru financing. BL can help that. What will be interesting, watching how BL negotiates his bonus package for CIC and financing finding. GB arranged a huge incentive for Drs.McGann/Jones to find us financing. Big carrots get chomped first and fastest.So this will be like jockey's going into the third turn of the Derby...and hopefully, we lowly shareholders will be beneficiaries also.
Buffalo- is it just bogus for IMSC or is it bogus for every stock that the SEC requires it for?
Its not bogus, it may NOT be 100% correct, which is why you see data revisions almost daily, especially on OTC stocks, but its THE most accurate info available. Ask a securities lawyer if you know any.
FINRA data dumped and charted. And the B-S about FINRA being "questionable" is total BS.
When it first rolled out, it was unreliable, NOT anymore. The naked shorters stand out like a sore thumb.
By the by-- the patents section of the website is very important as it speaks to the road ahead:
Real-Time Trace Detection by High Field and Low Field Ion Mobility and Mass Spectrometry 8,173,959
Trace Particle Collection System 8,353,223
Trace Chemical Particle Release Nozzle 8,469,295
For instance, the 959 patent points to the HIGH point in trace analysis. Be very hard to contemplate a system out there today that has more "resolving" power than this "little" triple-header.
Also note: high field and low field-- the current 150 is one field. The reason why TSA dismissed it. But the 959 address' that and then goes beyond. This is a sign post for S-M's benefit, they cannot eclipse the "E" once it enters the field. I fully expect an "E" QDP from Dr. McGann in two iterations by Mid May.
So if I know the road ahead, S-M are contemplating it right now. And it don't look to good for them. But hey, their "NEW" ETD is so light, two guys can carry it around- ( dunt dunt daaa)
They have to hold the CC...the financials will look horrid, per usual, but the outlook will be the key. IF the protest is not denied by today, that "news" will be out there so they have to address that.
Further, they can say many things about events in progress but the best way to express that is too look at their next steps. For instance, we have spoken with DMRJ and they are very interested in maintaining their loan program w/ IMSC. End of issue as we all know DMRJ is not going to let this go down the drain. Then, we have spoken w/BAM and they are willing to accept shares for interest as they are not willing to let this go to a bad process. We have spoken w/ TSA and we expect to hear a result very quickly. By they way, we have XXX - B-220s on the shipping dock. But look at the shorting actions, they know that the time is at hand but IF there is an delay in reporting, it will be taken as BAD. Avoid BAD, point to GOOD as there is plenty of that lining up.
Good points Andy. My take on BL- strong gov. security connections opened some doors. I have spoken to BL and he is very well spoken, very well connected and easily accepted as an expert. He can sit on a TV set and the second his ID appears under his tie, the audience is listening and accepting everything he says. I think he was a go to, avail to comment, neutral speaker for TV nets while he was on the BOD so therefore he was NOT ID'd as: IMSC BOD MEMBER.
If you read the Qs, they have had a "compensation to consultants" line quite often, which I took to be SSG.
However, during BL's early days, the 150 did NOT even have Safety seal protection which allows for SAFE purchase in the USA as it provides a form of liability insurance in case it is used in a terror attack.
I believe BL intro'd GB and the 150 to a certain commtt. who immediately referred the 150 to TSA who shortly there after awarded Safety Seal status. But once again refused to re-examine it for TSA cert./use. At the time, I think S-M had their handhelds in the cert. process, which they did achieve. Those units S-M are NO longer QPL approved so I hope all IMSC shareholders see the hand held non-contact opportunity directly infront of IMSC which the TSA was willing to pay product development costs.
Where my memory gets fuzzy, either BL referred DMRJ to IMSC or DMRJ referred BL to IMSC. Not sure.
Here's what I see happening: BL ending his neutral role as a TV talking head on security and now appearing as an ID'd IMSC exec. In terms of go to market paid messaging, unless they have real funding, that seems unlikely until they do. However, the PR appearances, one to one interviews allow IMSC to message to security interested investors all accross the internet. I would advise them to SEO their website so they begin to appear in more goog-bing listings or at least much much higher up. They have two targets at this point for product and a well defined potential investor target. BL is the engine for all of that messaging and it is a strong engine, IMO. The deck of cards guiding and managing IMSC are all-stars. You don't FOLD now, now you go to the race track!
True that! Refer to the sigma six question on the last CC. Plenty of concern there. But I think Dr. McGann addressed that. He has been part/parcel of every CC since he was COO.
But don't ignore the TSA's development grant or there won't be a tomorrow.
5years? Where have you been...plenty longer than that. Plenty.
And where was S-M while IMSC was advancing the State of The Art-- uh, busy with EDS developments...why? Because they didn't believe that little old IMSC would make it thru the promised land.
As you have seen by now, just when you think you know what the TSA wants, some bunkhead develops a new threat that sends the TSA back to the drawing board, which ripples down thru the developer ecosystem, which ends up on our backs. Its the way this rolls.
Look at the new TSA acquisition model- NO IDIQs. Buy what they need when they need it. So the cost of staying in ETD just went up as there is NO replacement cycle carrot waiting.
But in my view, that's a negative for anyone NOT on a QPL or Cargo List and not funded and not leading the way.
And if the cargo sector had an automated ETD system that coupled with an EDS, the cargo approved list would change mighty fast. Swabbing cargo is sooooo inadequate. Guess what, IMSC has that product a coming soon. Will S-M have one? Who knows, they are claiming their desktop system is "so light, you can move it around". Sure. Great. But a swab is still a single time consuming event. So go figure, which looks like S-M have not figured much at all.
B9- I would speak to the CEO-COO-CMO-BOD...they were all involved with the scripting. Did they all rehearse? I don't know. But it was a mess. Howard Safir talking to the media in NYC about security and it flops??? Cut to Todd and someone forgot to warm up the B-220? OMG. Talk about giving comfort to the enemy. Totally agree, the entire squad failed. As they say on the gridiron, "that one went for negative yardage!"
B9- agree that nyc event was a fiasco. Sure blame who you like but it didn't seem to be well constructed marketing. I am sure Dr.McGann was 100 % NOT responsible...but he did speak and he was there...It was a significant opportunity that he participating in and perhaps led to the fracturing of the BOD. We'll never know.
Zey- sure the entire team worked on the product. But the prior entire team also worked on the 100, the 150, the 200 the portal and the 300. They had a go getter on the sales force. They built out a position in China and India and sold 100s/150s there too. They just about killed the company, they were THAT good.
So when a SALE is made, of course the biggest props are given to the DOS. Who the hell is supposed to get those props?
When a new product is developed, its done in concert w/ marketing and engineering but the engineering staff gets the biggest credit.
And when an order ships, manufacturing gets the biggest credit there for producing on time and on spec.
In terms of how the new team is structured, I think we have to wait and see. If BL is the face, the TV speaker- great. But I doubt he will be the DOS.
Dr.McGann really brought Dr.Jones over to IMSC so his decisions are final. Not yours or mine. BL is also connected to DMRJ so there could be some influence being exerted there. But when it came time to craft IMSC’s proposal, rest assured Dr.Jones led the way and of course Dr.McGann was next to him as was the ex-ceo.
But if you insist that the sales wins must be shared credit, then why isn’t the rest of the team performing?
TSA is 42% of the worldwide TAM. And they influence another 20+% of sales. The last mgt. team ignored that, sold around the world and put the company into near BK. We are lucky to have him. By the way, its not odd to have a chief strategy officer and CMO and DOS and DOA so until the seats are assigned, it was a dam big WIN and it will reverberate for a long time. How do you think Dr.McGann crafted the product evolutions against the S-M coalition? Give credit where credit is due. It’s the least you can do.
Buffalo- BTS-200 stood for Bench Top System. It had a vacuum looking hand attachement. TSA said NO to it. Enter Dr. McGann as consultant. He took the outside of the unit, created new guts-software and swabb--exit the B-220. He gets most of the credit because he created a platform that passed TSA cert. But if you don't believe me, call the company.
Zey- Brenda is selling systems? Didn't know that. Bolduc was selling systems? Didn't know that. Why do they have a DOS / CMO named Dr. Jones if all those other uber sales people are out selling the DOS? Gee whiz, now I see what you are saying-- everybody BUT Dr. Jones is selling! Amazing. Do you think they might have asked him what Morpho bid on their last ETD IDIQ-- nah. Worthless insight, besides he was too busy doing nothing.
Get your head examined.
Don't be DOLTISH- DJ sells what BM makes. But since you carp about sales, try to understand how a product is used or cannot be used. Then read about S-'s claim that you can load our swab desktop and move it! Great if you want to get the dust under it.
But hey, contemplate, $162M IDIQ and tell me the man is NOT a selling machine.
Fidel- hate to drop syringes on your parade- there will be massive dilution. You can count on that. BUT that one time event would then let the stock settle and begin to move upward on its sales merits and those merits are just about "in the bank". This method is far more friendly over the long haul as the stealth aspect of IMSC's dilution has pushed all REAL buyers to the sidelines.
You take the first part of the TSA IDIQ order: 1170 units/ 200-month production and you can see it will take a while to build that out. THEN, you have all other branches of DHS buying through the TSA IDIQ and their needs are even more compelling than airports, that's another 500 units...then build that out and TSA will place another 1200 Unit order...we have a real nice natural progression, IF, if they can keep up the quality. ( ref. the SigmaSix question to McGann on the last call...wonder who planted that caller???)
A $162M TSA IDIQ means NO raises for the uber-salesmen at S-M...they get to try to qualify their swabbing ETDs and by the time they are certd, IMSC will have filled the $162M IDIQ and cert'd the ultimate hand held non-contact ETD in the world. The 150-E is like UltraDog that never sleeps. The VC non-contact unit for cargo is like a pack of UltraDogs. Dr. McGann has this timed to perfection. Gee, I wonder who gave him all the inside M info? DR.JONES? Nah, he was too busy NOT selling anything to anyone. Odd, he has the world's record ETD IDIQ and that really is "terrible"?
B-E, that show was not well constructed nor delivered.
My take on the board room divorce is: we'll get a clue what the division was about via what happens next. I remain very hopeful about IMSC's future. The hard work was done. Consider, keeping this "raft afloat" in shark infested waters with one bottle of water was about as hard as it gets. Dr. McGann's re-tooling of the 200 into the 220 PLATFORM was an upgrade from a raft to a motorboat.
GOOD LUCK IS PLOWING THROUGH THE SNOW AND HEADING TO IMSC RIGHT NOW!
Sales Driver-- make an ETD unit that does NOT need an idiotic swab, make it light, build it to the highest resolution possible, utilize a collection process that does not miss and develop a protocol of use-- show that to TSA...boom, sales bonanza. Every state police dept. in the USA is a buyer of that product. State police depts still use the weak-lame S-M handheld units but I can't say any of them would provide a + testimonial.
Right now, the swab mode is pathetic. Truely pathetic. Really, TSA needs to be awoken to what can happen for them if they continue to rely on swabbing. And the cargo world- OMG, what a freaking mess that is. Worse, the private sector doesn't give a hoot. They are so dam thick, they think they have NO responsibility to inspect the cargo/pkgs they sling for profit.
Sadly , this will take a tragic wake up call for things to change. When RREID tried to light his shoes while flying to the USA, THAT set off alarms. TSA needs to act and not react.
Enter the 150-E. In many ways Dr. Armini was spot on. Sadly, TSA was under the influence of OTHERs and dismissed the 150 as "not upto spec."
Dr.McGann won't make that mistake. And he will find funding. BL brought us DMRJ so can he find a way to replace DMRJ? That would be key. BAM may take payment in shares, who knows. But there is so much potential inside IMSC its about to bust out thru the roof!
GOOD LUCK HAS ARRIVED FOR IMSC LONGS!
Buffalo- one problem w/ your thesis- if it has been uncovered by you, it is also uncovered by the potential buyer pool. So the goal would be to cloak it from everyone, put the entire deal on file. That would do it. They didn't roll it out that way for a reason.
What I think- BL just found us new financing. They will pay out some of the old and pay down the rest with margin profits from the IDIQ.
BL found us DMRJ didn't he! BAM was likely brought in via the X-CEO.
They've likely been talking and perhaps Dr.McGann was notified in advance by TSA that Morpho protest is done, he wanted to get the BL news out in front to at least communicate with shareholders to some modest extent.
Look, the CEO debacle wasn't filed until a week after that happened and that tanked the share price, as we all know. And created the minus $1 share price dip that everyone is keyed to.
BL has been with us since the first DMRJ loan. I always wondered why he was NOT the market face of IMSC. Seemed fairly logical as he was on the BOD and getting some nice consulting fees in addition.
GOOD LUCK HAS ARRIVED FOR IMSC LONGS!
Fidel- I would not worry about that. Not now!
Buffalo- I hear you and it is certainly possible. But unlikely during the crucial midstream filling of a 162M IDIQ.
BL has been on the BOD since Bolduc's time. His company has collected consulting fees ( shares) during that time. He is still on BOD. Wait till they reveal his compensation...if he is cut in on change in control- well that could say something.
GOOD LUCK HAS ARRIVED FOR ALL IMSC LONGS!
Its a possible markova like move. make them think IMSC has finance locked up to drive a better bargin. Put BL PR out to make it seem so. Dr.McGann is a smart guy, he was snookered once (IMO) in a sale of a company.
But really don't think a sale is in the wind. They have a huge IDIQ at hand and filling that is first order...then a hand held non-contact that can be the first iteration of non-contact multi mode, multi vortexing collection products that all use the brains from "The 220 Platform". This has been Dr.McGann's vision and frankly, its fairly easily done. Further, they have $2M in progress payments to collect for their efforts, right now, coming their way.
I think its a race to final frontier for trace resolution on the desktop and handheld. GE's new technology is years out but hand held non-contact is months out. Full speed ahead. If they can tell me they will effectively freeze the share count, this stock could be plenty of fun to own. BL will put some effective communication to play and Dr. McGann is going to innovate the platform to its fullest.
GOOD LUCK IS HERE FOR ALL IMSC LONGS!
BL to Strategy-Biz dev. is a solid move. So half of DJ's responsibility is removed. Sales and Marketing are compatible, interwoven disciplines.
BL's comment about solid financing could mean current financing "team". The company may take the path of paying interest more in dollars than shares, paying down debt while filling the world record IDIQ w/ TSA and building out the product array.
I think its safe to say they didn't bring BL onto the mgt. team while they are in process of selling the company. BL is really a DC connected gentleman who can get anyone to answer his calls.
His reference to drug trace was particularly noticeable. While the company has mentioned it, it foretells a new selling angle. IE, the many state police depts use ETD for drugs in the field ( old S/M units) so they see an emerging market once IMSC has a handheld- TSA certd. D-ETD unit ( the E).
Now, lets get the M-protest moved out of the way and fill the first piece of that beautiful IDIQ which is going to flow fast and furious.
GOOD LUCK HAS ARRIVED FOR ALL IMSC LONGS!
Fidel- I don't work at or for IMSC, so I can't answer your question for them, but you can ask them...DID YOU?
Buffalo- what? Not sure how your post overlays my series of events...but if you believe that getting Two TSA certs is cheap and easy, its not. If you believe that anybody would have loaned a busted company, they wouldn't except DMRJ. And if you believe you had anything to do with Bolduc's removal, guess again as you didn't. Whatever caused it will be apparent in their next steps, which I have NO idea what they will be, but I have offered up my guesses.
Shi- honesty is a base level of operating. I agree 100% with you. If I felt they had lied to shareholders, I would dump in a second. There is NO stock more dangerous than an OTC, out of money, almost no sales and run by liars. Obviously, I don't think they have lied. Try working with TSA as they ponder replacement cycles...it ain't hard, its next to impossible.
Zey- would a $170M IDIQ make you change your mind about Dr. Jones? I doubt it. Good luck finding the easter eggs you hid.
To anyone else casting PAST IMSC mgt as liars...sell and be happier.
Here is the driving basis for what I believe will happen: both Drs.Jones/McGann will receive a million shares if they bring NEW financing into IMSC. CEO Bolduc set that up. Why? First, he was wise enough to know he had the two best connected Drs. in TRACE working for him. They know all the players, everywhere. That friends is our advantage once we re-gain control of the IDIQ filling process. That green light light event allows OTHER events to unfold. Again, this is a guess...So don't be sad about a 2M share windfall/finders fee, be happy IF it removes the ongoing dilution and frees the company to operate on the profits spun out of filling an ETD WORLD RECORD IDIQ.
BEST OF LUCK TO ALL IMSC LONGS!
Shi- honestly, what did you expect:
- company shunned by TSA ( old CEO( 3 ceos ago) had a gsa unit price / unit without a tsa cert. and he was fine with that??)
- company w/ zero cash
- company goes deep into debt on the prospect of developing next gen. ETD product
- company enlists world class ETD talent to develop and sell next gen. platform
- company goes thru the process and actually WINS while timing delivery to next upgrade replacement cycle and wins largest TSA ETD IDIQ ever. Shareholders like zeynoc frown.
- company forces out COB that took them thru this very long-risky process while admin. protest clouds future from the outside looking in.
- company promises to explain all at a date to be determined.
Sure, not alot to like but there is plenty to LOVE! M/J are highly motivated to bring new investment into IMSC. I always say: the bigger the carrot, the faster it gets eaten. My guess, they do it and clear the mess of a capital structure that only a serial diluter DID love.
Shi- follow the bouncing ball:
- first, a gov. regulating body has to cert. your machine, as to their particular method of use. ( it helps to build the machine around that use, IE- IMSC develops a new swab)
- second, a gov. entity for passenger(US) has to actually have a budget to buy your machine.
- third, you have to beat your competitors, IF, if a gov. rounds up the funds and thinks they have a NEED for your machine.
- fourth, you then go thru the final sales process, the sub.sale of the proto, that which all other units are compared and of course, the process of overcoming admin. objections and then comes the high quality build of mass units and delivery.
While the brilliant zeynoc thinks the local "boy scouts" should be buying ETD units, if only a sales man would call them. Reality, there are few real potential buyers out there. The LIVE TAM today, likely will be the quiet TAM tomorrow. IE, right now DHS is in active upgrade cycle...but it has already published its future method of purchasing: as need develops sans IDIQ. What does that mean? The B-220s that go online, will stay online until a new threat is discovered that they don't uncover OR a better mousetrap product comes along OR TSA's concept of operations changes for ETD meaning it upgrades from a random partial support layer to a full on interrogation layer. ( that is goal on the horizon and the company that gets their first will win) See GE's postage stamp tech. ( the testing for that is going to be horrifically complicated)
I hear this often: go develop a new market. Sure, like where should I start? Where terrorists never strike or where they usually want to strike? Do those people have dollars to commit? IF so, when? The US has been spec'd as about 42% of the worldwide TAM, however, that 42% is cum'd over 3 years. In year one they could be 77% of all units sold but 5% in year two and zero in year 3.
While we think it has taken forever to deliver a buyable product, the truth is IMSC is/was perfect in their timing to US buying cycle AND they beat the competition. Further, IF TSA had told the cargo sector- dump those S-M ETDS, then it would have been a stampede. My sense is TSA calculated that IMSC could not deliver that kind of quantity. Ex-CEO acknowledged such by moving to larger facility and moving production of lower grade ETD machines out of house. Still, at a target vol. of 200 units a month--IMSC cannot currently fill any more demand than it currently has right in front of it for the next few qtrs. And they will not push the platform build out of house. NOT now.
But I do not doubt they will evolve quickly IF they can figure out realistic funding. The stock price will NOT evolve until the invisable dilution ends. I hope they acknowledge that in some manner. Remember, both McGann and Jones can receive 1,000,000 shares each by bringing in new funding to IMSC. If you think about that, it says alignment with retail as it kills ongoing dilution and replaces it with one time dilution while making M/J eager to boost the share price. That's a double positive in my book.
Fidel- somewhere in one of your hospitals a patient needs an enema or something...
NOBODY discloses prices on contracts. NOBODY. Reason- not because of S-M, but because of NEW BUSINESS. Might be a tad hard for a double shift work-a-holic like yourself to understand.
S and M both likely have lower prices in the their responses to TSA, so they may be protesting that, as in, our machines are on the line in airports right now and priced lower that IMSC's ( guess). Dr. Jones was the insight man that knew M's pricing strategy and guided IMSC's pricing. Oh, that's right, he doesn't do anything at IMSC cept talk on a CC every now and then.
But in my view, he's the $162M man and that's kinda good in addition to being the holder of the ETD world record single sale. Fire that bum? Don't think so. McGann and Jones Trace World-- the new name for the company.
Fidel- WHAT THE...?
150= 18-25 K MSRP
220= 35-48K MSRP
Would a child sell a 220 for the price of a 150...come on, you know the score, stop playing dumbo.
Andy- of course there would be NO company without DMRJ. It was an "any port in a storm" kind of funding. Even after two years of DMRJ funding, the company was barely close to actually being viable. Even after cargo cert. and TSA's moves the company was just approaching viability.
However, that was THEN and NOW IMSC has the single largest ETD IDIQ in TSA's history. So the fundamental question, does holding a $162M IDIQ merit loan shark rates and ongoing invisable dilution? NO.
So who replaces DMRJ? And to what extent as Dr.McGann will try to operate and pay down debt via the IDIQ. I truely believe TSA via various branches of DHS will spend the entire $162M over two years, IF IMSC can produce that much while keeping the quality up to snuff.
Zey- BAM holds the IP on default. That's a fact. If things go badly, BAM takes the value with them.
I doubt they will. I doubt DMRJ would allow their fave cow to go to slaughter. DMRJ's "holding" was BAM's real collateral. Easy to see how both want this to keep floating while revs. begin to stream in.
Meanwhile, handy quick peek into shorting activity this week. Very telling.
B9- BAM controls the IP. The IP controls the IDIQ. But any interruption in the operation of the company and there will be "blood" for everybody. Protect the KING ( IP).
The smoothest-easiest way out is to invite our future parent in, pay off BAM and Pay off DMRJ converts at a valuation far above where the pps is today with a lock up on those shares.
- the company fills the IDIQ and pays off remaining debt(s)
- the company builds out the product line thus greatly raising the value of the company and our parents invest into IMSC.
Everyone is happy. Our parent then converts their warrants and with their original invest in position, they are in perfect position to then capture the rest of the company.
I think there is a significant amout of confidence in McGann to build out the platform which he has so eloquently referred to and TSA is indicating a huge amount of desire to utilize those products, once fully built out.
If the gun was trained on S-M before, its no longer a gun, its a cannon IF we get an invest in by a future parent.
Sure Buffalo-- when I say strategic investment, I mean a company that is investing into IMSC for more than a return on said investment. Meaning a possible marriage or use of or integration of future IMSC products into the strategic investors products.
Think about Morpho-- their protest was both financial and strategic. The strategic aspect said: make it harder for IMSC to finance a path forward by delaying when IMSC delivers the first batch to TSA. The financial aspect was the longer shot- meaning, hey, we overturn this IDIQ and we can keep selling our old nuclear containing ETDs to TSA. That has about a 1/1000th of chance of materializing. The strategic aspect has already succeeded; they cut up IMSC's winning mgt. team and created disunity which is now healing and moving forward, teeth gritted and innovation building.
An L-3 would be a strategic investor, a BAM would be a financial investor. But any investor that squelches ongoing conversion/dilution is welcome. I think even DMRJ can see it pretty clear, there is waning interest in investing into an stealthy diluting company.
Buffalo- THAT post was one of the worst views of the state of transit security I have ever heard.
First- why McGann sold his old company was, he could not go any further under the conditions at hand.
Second- McGann's NEW company detects rings around McGann's old company
Third- McGann was the consultant that discovered a bit of magic at IMSC- the vortex collection device. He also brought a bag of magic with him.
Fourth- McGann has designed a product evolution path based on the internal platform he built into the B-220. The BTS-200 did not detect +/- ions, it had its own obscure contact material and didn't create the results of its interrogation in a user friendly manner. Now, Dr. McGann developed a new swab and a new machine that beats old specs. and sets new much advanced specs..
Fifth- the hard lifting is over, a world record IDIQ for ETD means something to the world of security products. Ignore that if you want, but the people that matter, that own EDS companies are NOT ignoring that for even a second.
Sixth- the design of TSA future acquistions is clear- no more large IDIQs once IMSC's IDIQ is filled...what does that teach us? I think it says this: large IDIQs breed complacency by the winning ETD developer. For continual purchase of your product, continually refine-develop-innovate. Meet the new emerging-morphing threat and beat that threat.
Seventh- Dr.McGann has in his hands three significant items that came about thru his merging into IMSC: his platform, dual mode detection and non-contact collection. This makes for an unbeatable product that takes resolving power to final frontier. Terrorists may one day have "clean rooms" but that day will be in the time of the 11th Caliph. You and I won't be here, but Dr. McGann's fingerprints will be.
Final thought, don't sell today for $1.46 what you can sell tomorrow for $7.51 or BEYOND!
B9- you ask a fundamental type question as to what has changed between IMSC and TSA.
I sense: not much. The relationship is still strong. I don't see any grounds for ANY light getting between IMSC and TSA.
The rumor mill is just that. However, the science created by IMSC has not been weakened. On the chessboard: IMSC will fill out a total line replacement of all TSA Airport machines, fill out all other depts. of DHS's need for ETD machines ( no guess as to size of those orders) while S-M struggle thru certification against the specification that IMSC has created. And S-M are using a non-IMSC swab, so they have THAT going against their testing.
By the time S-M pass certification, lets say a by July of 2016, IMSC will have advanced the ETD resolution frontier once more and de-desked that frontier into a handheld ETD that surpasses all other ETD units in terms of resolution while being non-contact.
Now, other competing technologies may arrive and disrupt our path, but I severly doubt that. Dr. McGann knows trace. What I have hesitation over is this: Dr. McGann is not a "mgt. butter pat" to spread across the mundane but necessary chores of guiding the ship. So I expect we hear about a new COO in Feb. I welcome that. And I am eager to hear about new frontiers in trace detection that are sure to come out of his wonderous workshop.
As I have said: troll and tolls are dropping off, the road ahead is looking brighter and brighter. And IMSC shareholders have suffered much, but will not suffer forever. To Infinity--ah, that was a chain yank.
Mine: strategic investment into IMSC.
I assume everyone here owns shares of IMSC and wants to make the most money off those shares.
Right now, we have reached a fork in the road, as seen by the differing views of the ex-COB and the balance of the BOD.
So any and all insight-fair discussion and opinion is valued to my ears. Now, I get the sense that Buffalo did not like Bolduc and continues to re-write his resume for his own gratification. I hear that. But again, shareholders may be asked to make a decision and I think THAT decision, no matter what it is, must contemplate all of the possibilities.
My own "blinders" ( we all have them), see an smoother road ahead with larger rewards awaiting us and less trolls and tolls to worry my simple little mind.
What I found to be irony of the highest measure: Buffalo, thru his grudge to remove Bolduc ( although he had nothing at all to do with that), got his wish and that wish now foils his prediction of a buy out. Just a guess, Bolduc may have wanted a sale and McGann didn't.
We will never know what the real differences were, but I doubt that an inventor wants to walk away from a "platform" he invented just months after receiving the biggest IDIQ for ETD in TSA's history...while his platform is only 1/5 to maybe 1/4 completely built out. That's my two cents for the week.
Buffalo- the mindset of the inventor / innovator is often at odds with a business skill set.
So you think McGann will be happy to build out his invention ( say its 65% his and 35% parts from prior IMX iterations) while working under somebody else WHILE he has a $162M IDIQ in his lap, a $2M development grant in his pocket, and world wide interest in his platform today and his follow on platform extensions of tomorrow?
Wow, do you have a twisted view. The hard work is done. The big risks have been taken. The goal line has been crossed and now its onto the playoffs, the very big time, where the prize goes up and the risk goes down. Money is easier to come by. Money costs less. Approvals will be much easier to get when you are helping set the spec. for either desktop or handheld, either swabb or non-contact. All of these are owned by IMSC.
Of course, IMSC "owns" alot of debt. Step back and look at this from a logical point of view;
- I would let the inventor do his thing if I thought his thing was complimentary to my strategic vision.
- I would take a position and stay close to the inventor doing his thing.
- when the time came and the results merited it, THEN and only THEN would I acquire the balance of the inventors company.
Bolduc/McGann/Jones were experienced innovators who came to a parting of their views on next steps. I firmly believe that McGann wants to see his inventions play out on a much grander scale and to be greatly rewarded for that.
But if a buyer put $500,000,001 on the table for the company, I would have to think about it twice.
If a buyer puts $175M for the 100% of the company, I would NOT think about it for a second.
IF an strategic invest in puts 100M for 20-25% of the company, then I would make that deal.
You carp about the pain you took to get here, you carp about the dangers ahead, yet you don't seem to grasp that this company, for the very first time, is on the verge of controlling its destiny. Now they should give that away...DON'T THINK SO, BUBSTER.
IF Bolduc wanted to sell the company, THEN you got it right??? Wow, that's a leap backwards to your thinking the company is being sold. Maybe they WERE contemplating a sale, not anymore.
Buffalo-- think over the cliche: take it to the next level. Happens on the football sidelines after a game and board rooms all over the USA. They aren't saying: take it to the bank.
EX COB BOLDUC targeted a $500M Cap, current CEO MCGANN has yet to layout his strategic vision, but I will hazard a guess, it means BUILDING OUT THE PRODUCT LINE BASED ON THE PLATFORM HE BUILT/DIRECTED.
You really think McGann wants to walk away from that prospect? The "Everest" of ETD resolution, owned and sold by IMSC.
Sorry bubster, but are dead on wrong.
Buffalo- neither you nor I nor any shareholder "own" any man.
The COB/CEO came to a fork in the road with the BOD. You claim Ex-COB wanted to "continue on", I claim the new CEO wants to continue on.
Apparently neither of us bothered to call COB CEO BOLDUC and now we are past the fork in the road...I think you are dead wrong, you have no idea what you own, IF you in fact own any.
Really, that is your response-- why would anyone have interest in IMSC over the lean years?
Well, IF they did capture needed gov. certs, they would be in perfect position to harvest the next round of TSA upgrades and replacements. And they did it, as CEO Bolduc said they would.
Nobody believed they would EXCEPT retail and CEO BOLDUC. Even potential cargo use buyers didn't believe they would be cert'd by TSA.
On IDIQ AWARD/FIRST ORDER PR- this company was born as a potential stock for ordinary investors, then came the protest, so I think we all know that when that protest is removed and when the convert obstacle is removed, we have a real good chance at sp appreciation. That is obvious to everyone.
Buffalo- once again, you fail to comprehend EXACTLY what you own:
- resolution of 1 part per billion vs resolution of 1 part per 100 trillion.
The end of the line in useable ETD resolution is coming and IMSC is the train that will get there first. And get this: MC GANN knows this better than any other person on earth. Further, TSA knows McGann knows this better than any other person on earth. Even further still- TSA was willing to bet on McGann to get to the end of resolving power.
To hide any explosive material against the resolving power of 1/ 100-trillion would require sterile clean rooms, almost sub zero packaging, extreme disguises and packaging and perhaps a two part or two agent team to ignite the package.
As to your: NO MORE IDIQs-- not a bad thing when you own ETD 3.0, The Highest Resolution on Earth.
Buffalo- I hope you are buying shares and I hope all LONGS are holding and adding.