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Buffalo- in my semi-humble opinion, you don't know what you own:
- you own IP worth at least the margin on an IDIQ of $162M, say that's50M- 70M$
- oh yeah, that IP of yours, its worth plenty more margin on in-process sales
- oh yeah agin, that IP of yours- it will spawn next gen, follow on platform based ETD 3.0 products who have an even higher msrp and higher margin.
- and then you have this: $2M and a CRADA with TSA to develop the ETD 3.0 product line and then see the second oh yeah re: follow on.
- then you have all the ancedotal tales of "needed a CEO to take us to the next level"-- to be honest, that is a patented cliche owned by the NFL, but Kraft has pull...so the next level is NOT a sale. At least not now.
- the company did intend to sell itself, CEO BOLDUC pointed to a cap of $500M and a possible NASD listing to enable full value of said sale. Obviously a sale of $100M made him $8 while a sale of $500M made him $40M. Those enticements are still there, only spread around a bit more to insure a concerted effort to maximise value for you the shareholder.
But lets look at your 6 scenarios and then I'll add a possibility:
1. Dmrj floats more money > OF COURSE THEY WOULD, THEY HAVE MUCH TO PROTECT AND NO COLLATERAL TO INSURE WHAT THEY PROTECT
2. Hassett floats more money > WHY WOULDN'T HE, IF INTEREST HAS BEEN PAID? HE IS NOT IN THE BUSINESS OF RESETTING UP A NEW COMPANY AND DEALING WITH SHAREHOLDER ACTIONS
3. A new entity loans imsc money > POSSIBLE ON A STRATEGIC BUY IN, BUT THAT WOULD BE THE ONLY WAY.
4. They do a stock offering > NOPE, MAYBE A 10% CHANCE OF THIS
5. They sell the company north of the current share price > MAYBE,DEPENDS ON THE PRICE, REMEMBER THE CIC
6. They partner > POSSIBLE ON A STRATEGIC BUY IN
MINE: They execute, pay down debt, innovate, build and ah, well, ah to use an old cliche- take it to the dam next level!
BEST OF LUCK YA'LL LONG TIME SHAREHOLDERS!
Buffalo-- who do you think wanted to sell the company more, CEO/COB/8%CIC Bolduc or builder-inventor-1Mshare-bonus for finding new investment COO-CEO McGann?
The answer is pretty clear, don't you think...
Debt resolution, then brand building. We have no chance of large buyers, or more retail or instis until the debt situation is resolved. If a $162M IDIQ doesn't move the needle, then you have a huge problem- the ongoing conversions have abused the SP enough that touching would be hard...unless a big EDS maker takes a stake or they remove the toxic conversions.
Heck, we have all the needed gov. certs around the world, but those buyers are either in process or dormant until ETD is really needed.
Bolduc went to more than a few investor shows and those people will be the first buyers, if they know they will not be diluted to poverty.
But MAS is here to help--haaaaa, that's the best punchline ever! Ruff Ruff Astroboy!
But we need MAS' help?
Astrotech needs an undertaker. What did TSA say to Astrotech' about its quality data package? Ah "RUFF RUFF"? Tested on Mars, ignored on Earth, unwanted by anyone ! (ut MAS is here to lie about our mgt. and thus help us out?)
Please MAS, you have helped nobody,nobody cares what you say and you are on the wrong Ihub board. You need the help, Astro-brain!
hum-- well first of all, know the difference in how a desktop vs a hand held is used operationally by TSA. Swabb ( contact ) vs IMSC Vortex collection in a handheld or conveyor configuration present two different uses, operationally speaking.
Think DOGS = IMSC Hand Held...if TSA had a reliable hand held that met certain specs, it would mix that in with dogs and create a flexible ETD layer that roams and can be concentrated. Further, TSA is indicating need as they paid IMSC some $2M to develop non-contact.
In terms of your statement: no one is buying. Not true, the purchase process by gov. is long and very difficult to see. To date, besides govs and gov. regulated "shippers", the rest of the market has not really been born. Every now and then a State Police unit will request info on one but their buying is sparodic, minimal and negligable. All of DHS will be buying thru TSA's purchase vehicle ( coast guard, SS, border, transit etc). So until the protest is removed, there is no buying.
Fear not, the loneliest/homeliest DOS/CMOs are at S-M-- they have nothing new approved or nothing approved that does NOT contain nuclear material. Bolduc/McGann/Jones ran circles around them.
mas- do you have a LINK to back up your claim that we IMSC shareholders are being taken for a ride by IMSC mgt.?
Are you referring to the CARGO Cert. they said they would receive?
Or are you referring to Checkpoint Cert. they said they would receive?
Or are you referring to the $162,000,000 ETD IDIQ they said they would compete for and eventually win?
Maybe its the $2M product development grant? Was that a mislead on the part of mgt.?
Has ASTC whatever, every won a TSA Cert. for an ETD product? Ever? Nope-- OK, then here is a hint, go help them as they need your help badly because TSA can't seem to even see them.
Have fun mas, they need you now more than ever, we don't need you at all.
Shi- true that! McGann sees end of useable resolution development for ETD ( via dual modes) coming up fast and he and Bolduc have IMSC positioned to reach that end before S-M do. The recent TSA CRADA may be for exactly that.
The S-M nuclear containing ETD's expire by end of '16. So IMSC has two years to build out the full line ETD replacement.
However, reading TSA's latest guidance can not be making S-M happy or even engaged;
- June thru Dec, the window is open to submit a quality data package and enter testing for certification.
- IMSC does NOT have to go thru that as it just set the new standard for ETD
- meanwhile, IMSC will finish development on dual mode, hand held, non-contact ETD. How well the vortex works when used within TSA conops is a key question. However, I believe McGann knows the answer and its "Extremely Well". IMSC has pointed to the 150-E as that unit.
- S-M are going to be non-engaged because there is NO amount of money to be IDIQ'd. So how does that affect their planning?
- This is another case of TSA staying fluid and trying to stay ahead of the terror threat. They upped the frequency of inspections and have asked our foreign partners to do so, but many already have.
- the threat that is being whispered about is a cavity bomb/cavity transport of explosive material onto a plane. That threat is real although it has many problems, Image machines are challenged to look inside. Can ETD's find those traces? Ask McGann, he knows just about everything there is to know about trace.
Fidel- call up HQ and start to let them know just how happy you are.
--the earth moved, shortly we will find out why...
--McGann should hire the S-M DOS/CMO-- then you will truely have your wish.
--McGann and Jones are a team. Who do you think rec'd Jones to Bolduc? McGann.
-- Cut McGann some slack, he just took over in the middle of the earthquake...let him find his footing.
-- How McGann can appear to be Jesus Christ SuperStar? - deliver the first 400-600 units two weeks after the protest is over.
--BAM owns the IP not DMRJ, the IP = IDIQ...protect the King (IP). DMRJ has to protect their loans...that might be a set of screws I would nicely apply.
--best case change in attitude- stop talking to retail as IMSC does NOT need them after the next event.
-- 80% of retail don't understand the problems in getting ANY TSA cert., let alone two. Respect that, THAT is what you own at this point. And the IP. For a while?
-- Some say "what market", oddly, they are talking about themself- retail is this market as the stock has been branded as "toxic but possible turnaround". As of right now, the company has done nothing to convince anybody of anything, yet the SP floats in place. What is the market thinking?
Good Luck!
DMRJ has NOTHING if they don't convert to common. BAM has everything if $23M is not paid by end of March.
Operating from there, DMRJ wants IMSC to start to fill the IDIQ fast as possible.
DMRJ wants to keep converting interest to shares at 8 cents each. And DMRJ wants BAM to be paid in full.
But even DMRJ knows that their convert train will deliver less and less. So will it convert its higher blended converts and its 8 cent shares? That would be telling.
McGann is very sharp. He knows the interest convert stymie is a road block to success so I expect him to move hard and fast to remove it. Maybe work with BAM to keep them happy and certainly look for a strategic invest in which would zoom the share price and make every converted share mighty nice and good.
Now, the competing school of thought is Buffalo's claim that this is being sold.
That may be true if the buyer recognizes full value, not just the IP-the NOL-the IDIQ- the CRADAS- the $2M development grant- the WORLDWIDE GOV APPROVALS. All value today is a fraction of the larger value developed tomorrow. Further, NOBODY sells the company for a chips and dip when the US GOV. is paying you $2M to develop a product that is very close to being finished. How dim is that? Remember, McGann is smart. Smart people don't do dumb things unless they are up against the wall. He is not.
Also, the TSA ETD IDIQ CLUB has about 8 to 9 members. Since we just pushed one out, that makes 7 to 8, two of which are "two time" members from their prior companies, Drs.McGann and Jones. Truely, this is meaningful to developers of ETD integrated products.
IMSC is a debt laden company but it has huge appreciation potential should it clear that convert which is like putting a lead cap onto any positive event.
I think we all would be very happy to accept: a float of 120M shares with debt removed and the IDIQ filling over two years. Plus all the other sales events which will spill our way.
Aside from debt structure, unit output per week is my second concern. The B-220 will not be contract manufactured. Remember, McGann developed a "platform", having the platform cloned and stolen is NOT smart and McGann is very smart!
Best of Luck to ALL IMSC LONGS!
Buffalo- I am not tdcomm, but I am a large shareholder in IMSC and I am looking for any insight as to what is going on. And I realize you are not Davinci.
You posted that you were sure IMSC was in play but that is a buck-two-fifty guess or is it?. Go ahead, explain your claim.
Best of Luck to All IMSC LONGS, including Buffalo if he is in fact LONG in IMSC.
I don't know there Buffalo, you have the security sector, who is definetly watching this. You have the retail holders which are> 90% holders, so THAT is the market that I referred to.
Look, you may not realize this, but you land a TSA contract for $162M playing against S-M's, you are like a made man in the mafia, only in the security sector. Further, your IP promises to offer quite a bit more, and plenty of people want a part of that.
But consider this: at 18M shares outstanding at 8 cents a share 5 years ago to 70M outstanding at 95 cents a share, plenty of "market" there, so NO WAY can you say there is NOT a market.
Further, if there was NO market, then there is NO interest in this company, which YOU claim is in play meaning market interest. I don't know that it is or isn't. But I would like a little help from the company regarding what they want to do.
Zey- you saying DMRJ has converts priced above $1.08, which is true, but blended price convert price (WHICH IS ASIDE from the .08 cent/share convert) is around $1.08.
Not sure what you were saying, but consider this: why is the pps range where it is? It the market crazy negative ? Or is the market hopeful?
If you use the old sales multiple to assess value you look at a multiple between 2 and 5 Xs yrly sales. I see that ranging between $160M and $320M in value, then you have to guess the fully converted NOT including a convert offer to BAM. ( what would they take for the $23M owed to them...DMRJ's fully blended convert rate? Or DMRJ's somewhat blended rate of $1.08?)
Buffalo has pointed to a $2+ share take out value, which I have no idea what he is using to compute that...but take a whack at it. I swear I will listen.
Follow the IP because the IP is the IDIQ and the IDIQ is the "money".
Conventional wisdom says the market is doing all of the math based on worst case dilution scenario and will price the stock at a level where all obligations are paid at that worse case diluted level based on reasonable prospects directly ahead for the company. Is that what we are seeing at a range from $1.08 to $.92/share?
Or is that the market saying: $1.09 is the "DMRJ happy level" for their highest converts but IMSC may only get $.92/sh fully converted?
I think ONLY McGann knows the significant difference between the "gettable value today" vs the possible value two years from today BUT he needs at least $25M by 3/30 or BAM then controls the IP aka, "the money".
My take was: buying shares in the .80s was safe, over $1 not so safe, and certainly not above $1.08. But I don't know anything and it appears that is what they would like all of us to know.
I think my fellow shareholders are fluxing between BUY MORE vs SELL QUICK...so a little strategic intent discussion by McGann with shareholders would be nice, would it not?
BB- the $64 dollar question of the year.
Fully diluted at say 115M shares, geez, $4.26 means $489M-- boy, that seems expensive.
Then again, the Buffalo price of near $2/sh is $230M plus assumption of BAM debt, that feels like a value that shows up on plenty of DART boards.
The CIC kicker means these guys won't roll over and they will make a strong case for full value. Who knows-- but if the price starts to creep upward, then we'll know its happening.
Buffalo- sold? To who...how much? Please don't post $1.90/share, that's hogwash.
But if you tell me $4.26/sh, I am stoked.
Scooter- yep, sounds like an explanation for the pause in communication. $40K/$425 hr, ah about 2-3 weeks worth of intense lawyering. Divorce is expensive, corp divorce is hugely expensive.
But that was then, now we move forward! Next up, squash the Morpho protest and start shipping B-220s!
vint-- very good points. TSA FAVORS IMPLANT: 2 cradas, 2 TSA certs, 2M$ development grant, universal swabb potential--- these folks have been innovating machines! And Dr. McGann is not even close to showing the wonders to come out of his R&D shop.
But its kinda funny that shareholders don't seem to grasp the struggle to get where they are today. Drs.McGann and Jones know only too well the administrative games played by S-M and the victims of those games are the US public. But at the end, TSA is charged with protecting the USA and they will act, push aside a lawyer at GOA, explain that to Congress if they must and do what has to be done and roll out B-220s as quickly as IMSC can make them. DHS is buying thru TSA's IDIQ vehicle.
I think its fair to say, these are more dangerous times than the months leading upto 9/11, which were known to be extremely dangerous times.
Iraq has brought us the 7 Caliph of a predicted 11 before the end of days. According to Islam.
Not a chance. If this company is in play, NOW would NOT be the time to sell. But should it drop a bit, I'm pushing a huge stack onto the play.
No, only some mts. like mts. over $160,000,000 "tall". its OK to thank the man for a job well done, or fire him outright for a job well done, pick one.
The best firing squads are circular ones.
No, no break deserved. Truthfully, a reasonable PR describing what the one to one PRs have communicated with a THANK YOU to the COB-CEO who got you a $162M IDIQ-- oops, the COB-CEO didn't do that, the CMO didn't do that, the COO didn't do that. Buffalo did that in his spare time. ( lol), That would have been the right thing to do. NOT a PR that leaves a shareholder wondering...
I think MT is the only hold over from IMX days, so he knows the long story, he has been thru 3 CEO changes, and it appears that each almost killed the company till Bolduc took over-- but with that backgrounder, the goal should be: explain the change. Simple. Doubt relieving. Moving on enabling. Shareholder Supporting.
You can feel how you like, but if a better day is ahead, why not point to that.
Maybe Buffalo is right, the deal is underway and keeping it confusing serves...who?
If you bought this company for just the $162M IDIQ and the IP, what would you pay for it? Buffalo, since you are the point man on sell the company, who pays what amt. for IMSC?
Thanks Dsully, this shoots down Buffalo's claim that McGann is in process of selling the company. Its also wholesale BS.
Ted- reading my mind, you are! When you claim you change for the better but communicate like it was the worst, where does that leave LONG shareholders and what does THAT say to new potential shareholders?
I am of your mind regarding Dr. McGann and fully developing the IP into next gen. ETD products- note, products. As in product line. Dr. McGann spoke to this in terms of a "Platform".
But I think the pps actions/directions have conclusively proved, nothing good comes from ongoing, built in dilution. IF they don't change that, then more of the same is the story. As of right now, they are building up future pressure on the pps by NOT speaking about a refinancing event, and freaking pronto.
Flannery O'Conner, a great novelist liked to say: All that rises must converge.
That goes for cakes as well as highly irritated shareholders.
Well dsully, that is all well and good but this guy refused my phone call. I have no idea why but I am sure he was way "too busy". Perhaps he will have the courtesy to respond to my calls or not, if not, then I have a problem with him. Problems get resolved or turn into bigger problems.
Now, if the company sees a new-brighter future in a change, then GREAT. Speak to the world about that change in a positive way. But hunkering down, chosing some requests, ignoring others- ah, that is NOT good. If CEO BOLDUC took them as far he could, OK, great, then hand the ball off to the new strategic intent champion, but hell, its dam stupid to HIDE that, don't you think? Or selectively discuss that...my gawd that's bad.
If the company manages to get rid of the ongoing dilution- then I am a huge buyer of more stock. But according to Buffalo, they are in the process of selling the company. the response from Turmelle seems to indicate OTHER directions. So why hide that? Why pick and chose who to tell that to? Why not say: We thank EX-CEO BOLDUC as we need new thinking in the CEO chair and this is what we are thinking--- then provide that strategic intent.
But no, the crouch in silence, let the shareholders dangle, let rumors fill the void, have you do their business-- total BS at this point. That's all I can say based on NOTHING from Turmelle.
But I thank you for posting that. I am now fully pizzed off.
Buffalo--McGann in his office selling the company??? Is that a fact?
Look, its common knowledge that Drs. McGann/Jones each get 1M shares for bringing in new investment into IMSC. Would that not be incentive to work out a strategic invest into IMSC, thus instantly raising earsing the debt, freeing the share price to float with events, stopping the ongoing dilution and instantly making either or both multi-millionaires? And EX COB-CEO Bolduc too. And don't forget me!
But selling the company for dog-food, ah, that would be an all ALPO all the time kinda move.
BB- well they may seem arbitrary but the $2 / share was Buffalo's "guaranteed" low end take out price and $5 / share points to EX-COB-CEO's Bolduc's target price. As you might guess, placing any type of standard valuation on IMSC is very hard. Further, I was speaking hypothetically as the discussion about COB EXIT vs COMPANY sale are big questions to me and subjects of a proposed CC to update IMSC investors as to "what the hell just happened?"
I did say proposed. And not hearing anything is getting me a tad on edge. ( i switched to decaf this AM)
Buffalo- are you speaking hypothetically or do you know something?
Here's one hypothetical for fat-chewing:
COB/CEO BOLDUC wanted to sell the company for $2.25/sh fully diluted on pending resolution of Morpho protest.
The balance of the BOD, you know, the guys we never hear from. You know, the ones that never liked to go on TV. You know, the ones that were highly qualified to GO ON TV. You know the ones the COB brought to the enterprise-- yeah those guys, well THEY DON'T WANT TO SELL THE COMPANY FOR $2.25 or anything under $4.75/ share. ( hypothetically speaking)
What if that is the driver to the parting of the ways...do you as shareholders want to hear about that DARK SECRET RIFT IN THE BOARD ROOM?
Does that qualify as dirty laundry as Pat has hinted at...
I sure as hell want to air that dirty laundry out in the open, if that was it. Or if it was anything close to "it".
Ted- spot on! Best post here in a long time! Hell yes we deserve to hear about strategic intent! And getting around the ongoing dilution that caps any/all share price appreciation. Hell yes! If this was a bad deal for potential shareholders, and now its NOT a bad deal, then you dam well better lay out the reasons why...you don't pour more BS ontop of a pile of BS.
I will say this, if not given, then it will be demanded.
HAAAAA! Mas--HAAAA! No ALPO for you! HAAAAA!
" he snuck that one in"-- HAAAAAA!
CEO to BOD: anyone want to look at the quote we are sending to TSA? By the way, we'll sell B-220s for less than QS-150s and dominate the world!
BOD: Nay, whatever.
HAAAAAAAAAAAAA!!!!!!
Mas, give back any of the ALPO you tried to steal. HAAAAA!
Gee Pat, you don't sound too shareholder friendly to me.
Read this paragraph back to yourself and ask yourself, is that what IMSC's Tuesday PR said and did?
" I know ... some will say with the dismissal of the top guy we deserve to know what's going on. I think you can be sure they aren't going to air dirty laundry publicly. The best you'd get is that the CEO left voluntarily to pursue other opportunities, they are grateful for his contributions, and they wish him the best of luck."
He resigned, and was not dismissed. Why did he resign? I heard nothing about pursuing other opportunities. I heard no THANKS. I heard NO "difference in direction" explanations. Is that too fricking much to ask to be typed into a major announcement? There is a fundamental disagreement that we deserve to hear about. OR we wander in the desert for 40 days and have fun pointing at the sky?
Sure, dirty laundry would be one thing no one wants to speak about, direction of the company is quite another. And the key driver to that direction is: financing ( my concern) but it may be- are you in discussions with outside companies as to an acquisition, as Buffalo has indicated that "MUST BE ONGOING" ( if there is an offer or inquiry on a piece of corp. paper, then that needs to be spoken to).
Shareholders own a voice in the future of their investments. You lose the COB/CEO who brought everyone to this point and say: you don't deserve an explanation and a discussion on future direction-- well, that's maybe the parachute moment. Maybe not. That's why I want a CC on this. Or as you pointed out--discussion board BS abounds and that's all you get. Geez Pat, the goal is to be more shareholder friendly, not less.
Ted- it does indeed sew doubt when we shareholders should demand CLARITY. And its NOT a good way to engage with the shareholders that brought you to TODAY.
Sure, COB/CEO BOLDUC kept the ball in the air while all the technical innovation took us to today also, but that was the role he played.
Digging deeper, this has to represent a huge difference in direction that surely must lay with future financing. Ceo Bolduc took one tact and the rest of the BOD took the opposite? Now, if that is crux, the bone, the point of corp divergence, then that must be known.
This company will descend quickly to freak show status if it does not divulge to shareholders pending issues that are significantly material to our investment. The old saying holds true, a house divided cannot stand.
My sense, TSA should have said: NO NUCLEAR ETDs will be considered. As opposed to the weak-vague, Nuclear ETDs are NOT desired.
Sure, TSA is irritated. However, maintaining an "eco-system" of innovating, certified equipment providers is their first consideration so they take the irritation as part/parcel of that "eco-system".
At the end of this: GOA can say PROTEST UPHELD and TSA CAN SAY: NO WAY. TSA answers for national security, not the lawyers at the GOA. What is very very irritating to all concerned, when TSA writes solicitations, GOA lawyers review those solicitations and I would hope, bullet proof them. Thus, this is a grossly irritating strategic move by a loser. Hey, Morpho could not even keep employed the worst salesman in ETD. ( I gest of course)
astrotech- rrr-rufff ruff. A can of Alpo runs when they enter the room. Just ask MAS.
Mas= Public Service??????????????? That's a punchline, not a question.
Ted- one thought you can rely on is TSA PROCESS. S-M new ETDs while NOT containing nuclear material must go through the same certification process as IMSC's B-220. Contemplate the IMSC PROTEST if they were magically green-lighted onto the TSA's QPL and or TSA's Cargo list of approved products.
One other key product diffentiator: IMSC delivered a NEW-IMPROVED ( pardon the cliche) SWABB. Can the S-M fabric type swabb do the same thing as IMSC's "ticket-like" swabb?
I don't know, but that's where process comes into play-- put your new ETD's through the TSA's NEW certification process. ( I say NEW only because the last time S-M were cert'd, they passed an old threat library and old surface library). Prove it S-M or we won't use it.
I keep thinking that Morpho's protest is purely strategic and if that is true, it must surely irritate the TSA as opposed to enlightening the TSA.
But then the COB/CEO of IMSC resigns and the company acts like dummies??? If you think we investors have questions of importance, they pale compared to what TSA must be hashing about if Dr.McGann gave them the same spiel he gave us.
One might say that Dr. McGann has already screwed up by sewing doubt regarding the un-expected resignation of a "key person", as identified by IMSC's filings.
To not thank CEO BOLDUC is strange to say the very least. I mean, he hired Drs.McGann and Jones. He built the entire BOD, of which he led. Its not just the CEO resigning, its the COB. Does sweeping that under the rug,so to speak, not sew doubt into our investment? I think it does.
Does this not create confusion with our largest customer, DHS?
You cannot sweep this under the rug and expect shareholders to "walk the line". Remember, we own this company and I can say fully well, to a greater extend than most of the BOD.
I can understand differences in future direction leading to a parting of the ways. That happens in BOD rooms every day. And while owning a stock is NOT a real democracy, the BOD is charged with building shareholder value and NOT sewing doubt about future direction.
I think a Conference Call is justified to flesh this out. I sure as heck want to know, what's up with financing, whats up with sales, whats up with the IDIQ protest, whats up with product developments and what does CEO Bolduc's departure have to do with all of the above, if any of the above. And most of all, should I sell my shares...or should I buy more shares...
9horse- he doesn't have the votes. Not even close. But since he has the reins he can create scenarios where that seems like the only parachute available. BUT any vote would have to deal with DMRJ's instant conversion. They convert debt to shares and they have too much power for anyone to overcome. However, they would have to get in line as a creditor if they sunk the boat as they might get the fax machine out of the deal.
My other take on Drs.McGann&Jones, they both had 1 million share bonus awaiting if they brought in new investment to IMSC, so the first human rule kicks in: I eat, then what ever is leftover is for you.
This may be a plausible explanation for the BOD's actions as CEO B. had one plan, Dr.McGann had another and Dr. Jones had one more. Likely, we will never know and frankly, its better we don't know the sordid details. One might think, there is not enough to fight over when evaluating IMSC's prospects, this weeks events says: there is plenty to fight over inside IMSC. That thought leads me to believe that Drs.McGann and Jones see much greater value ahead for a fully developed IMSC and an quicky reward for each by cutting the DMRJ knot. Its gonna take alot of shares to do that. But at least, we'll know the amount of shares every qtr. is NOT going to grow.
Andy- S-M have new ETD technology but its a year to a two years away from appearing in US markets so their move would be: capture IMSC's IDIQ and follow on hand held- non contact products, IMO.
S-M bet against CEO BOLDUC bringing home TSA certs. and that bet was wrong. I like Dr.McGann's approach to TSA: what is your specification for xyz and we will beat that specification.
S-M sat on their hands and played the opportunity all wrong, IMO. I doubt either would take out IMSC aside for the IDIQ, which would make IMSC an 80M$ buy out prospect, if its by S-M. Here is where Dr.McGann&Jones really come in handy as I will bet they know S-M product path very well enough to predict S-M's next moves.
I can't see the BOD selling this for debt plus coffee money. I like all the NE EDS makers as possible parents. Just guessing here, but I think they are on the move toward IMSC right now.
B9- very key event and really gives IMSC some room to move. And it they have built the entire first part of the order, even more impressive. So the story goes: protest gone- 570 units shipped- some $21M taken in, operations are funded, now about those guys in the lobby...?
Buffalo= buy out soon
Fidel = Buffalo, sorry no extra vote there
Mas= buy out
B9= sale made quickly allows forward movement
Buzz= strategic investment into IMSC by NE company to remediate debt and advance IMSC's products setting the table for an eventual take out.
Any other points of view on this plumped up but not paid for, turnip?
mas- who dried up the liquidity? DMRJ did. So their awakening to the "problem" is not a big deal. Why? Well converting 8 cents into 78 cents is not a bad proposition. Sure, its not the $1.45 they were making on IDIQ announcement, but its not a bad proposition.
So DMRJ emptied the well by their very own actions, if you want to look at it that way.
Now, the crunch is on as to how to squeeze the most out of this plump turnip.
Smiths and Morpho both have new ETDs sans nuclear material that I will bet are rolling up data right now in prep for a certification submission. So their propensity to buy IMSC can only be based on capturing three things: IMSC holding onto TSA's IDIQ, Up coming EURO refresh and how well they can integrate IMSC IP into their EDS lines.
A strategic US player also looks at those same 3 things, but the integration part maybe more compelling than the Euro part.
The perpetual clue machine is always the daily pps as moves this large are hard to keep secret. Does anyone sense any type of move on IMSC by the daily price actions? That signal is faint and or cloudy right now.
Yesterday, the selling was LONGS as about 1/6 of the volume was the daily shorting so shortly the daily pps moves become the oracle or Buffalo reveals what he knows about a buyer? ( lol)
Buffalo- ah, but dmrj does require notification for pay off of loan(s), which allows them to convert the loan prior to the pay off date. DMRJ also has a clause that allows them to match other investments into IMSC. So yes, they would "accept", balance due, however, they can smell money upto 250 miles away...so they will move to make the most out of their certain loans that appears to give them the most back.
I don't envy Dr.McGann as this hot seat is unlike any other;
-TSA is a secret keeping orgainization, so walking that line will be easy for him
- The finance side is much more problematic, BAM holds rights to the IP, DMRJ owns the company 1.5 times over so that could be an intense "discussion". Sure, they have a side agreement as Doc Detroit pointed out.
- Morpho protest makes every event more pressured and possibly expensive
From a pure political perspective, something explosive had to have happened with the BOD. Most of the BOD was rec'd to IMSC by DMRJ except for BAM which was a friend of CEO Bolduc.While the BOD had great security credentials, the only BOD members with finance skills were Hassett and Bolduc.
Ceo Bolduc took us to Jan.16, now Dr. McGann needs to work quickly to keep the ball in the air. He has plenty of arrows in the quill to do that but not plenty of time.
Also, I don't sense a need to sell the company coming from Dr. McGann, matter of fact, the possibility of strategic buy in grew by leaps and bounds. Consider, if you were a NE based EDS maker, now is your opportunity to invest in, then move closer to help develop the IMSC product portfolio in order to breed those products with yours to capture more of TSA's upcoming round of business that is a few years out.
Also, Drs.McGann and Jones have a 1 million share bonus for bringing in "new investment". Not sure how that jives with Dr.McGann's new role as CEO vs COO but I sense that is where the BOD is looking right now.
Best of Luck To ALL IMSC LONGS!