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KB-- edited, below, they REFER to SEC forms, that forms up the safe harbor that addresses the debt overhang/threats. If you are thinking it means they have sealed a deal for the company and they are saying THAT with how this reads--umm, don't think so.
Safe Harbor Statement
and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. Such statements are based on management's current expectations and assumptions which could differ materially from the forward-looking statements.
If they PR that Morpho's protest had been resolved in favor of IMSC, then yes indeed, it could be a good day.
If they PR that they have resolved the outstanding debt via a strategic buy in, then yes indeed, it could be a very good day.
If they PR that they have sold the company for $.50 share, fully converted, then ONLY DMRJ will have a good day.
If they don't PR more details about today's PR, the sp will continue to decay until they do.
The Smiths, the Morphos and the Shorts have to be jumping up and down today.
Was it an "Et Tu Brutus" day or a natural evolution of IMSC 2.0? I don't have a clue but they had better explain things because uncertainty only helps competitors and definetly hurts the share price...
KB- The warning in the safe harbor paragraph about loans etc. is a referral to IMSC SEC filings ( not sure that qualifies as a true safe harbor statement) but I think the way it appears has to do with what is claimed in the paragraph right above it:
About Implant Sciences
Implant Sciences is a leader in developing and manufacturing advanced detection capabilities to counter and eliminate the ever-evolving threats from explosives and drugs. The Company's team of dedicated trace detection experts has developed proprietary technologies used in its commercial products, thousands of which have been sold across more than 50 countries worldwide. The Company's ETDs have received approvals and certifications from several international regulatory agencies including the TSA in the U.S., STAC in France, the German Ministry of the Interior, and the Ministry of Public Safety in China. It also received a GSN 2013 Homeland Security Award for "Best Explosives Detection Solution". All Implant Sciences products are recognized as Qualified Anti-Terrorism Technologies by the Department of Homeland Security. For further details on the Company and its products, please visit the Company's website at www.implantsciences.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from the forward-looking statements. Such risks and uncertainties include, but are not limited to: the risk that there is no guaranty that U.S. or foreign government and law enforcement agencies or commercial consumers will purchase any of our products or that any new products we may develop will be accepted by the TSA or by such other governments, agencies or consumers; economic, political and other risks associated with international sales and operations could adversely affect our sales; our business is subject to intense competition and rapid technological change, and our success will depend on our ability to develop and introduce new products; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. Such statements are based on management's current expectations and assumptions which could differ materially from the forward-looking statements. is there
Andy-- bravo! I have been saying close to the same thing regarding Dr.Jones.
ETD sales are really hard to predict as we know of only two types of buyers with 99.9% certainty: gov.s and cargo shippers. After that, its very hard to predict where any other sale could possibly come from. However, any other buyer would immediately look at who TSA is doing business with and that would be their list of products to consider and compare and make contact with.
Shi- who can guess what is next- But you have to know that Drs.McGann and Jones worked at Morpho together and arrived as employees close to one another. But Dr.McGann is the man and he makes those calls. At this point, whatever he does will NOT be wrong.
The company has built all the connection points to work with the US gov. and hired on all the consultants and BOD members to give them all the right insights into working with the US Gov. and by any account, you have to say they succeeded. But today's sp action says: market needs more information on settling IMSC's debt questions ( note 2 debt questions) and the market may be assuming that the CEO was doing that and now, it gets sort of dumped onto the new CEO who has not spoken much about anything. I have to assume he will speak when he has something compelling to say.
B9-- you think Dr.McGann wants to do all of that? I hope he does, but building amazing products seems to be his wheelhouse. Now he has to find money, alot of money and he has about a month before this dissolves into French air. Which is odd, as McGann left Morpho to consult with IMSC, so if he is on good relations, maybe the French step in with a fairly valued buy out.
As you point out, $2+ is the mark that takes this home. And 115M shares was the fully diluted mark, so $250M for a pending IDIQ, an IP library to kill for, a TSA R/D grant and a product line that many many X-rayers need might appear out of thin air.
$2+ was not the vision I had for may investment in IMSC ....
Nowak- DMRJ's dilution needs to stop but to do that IMSC needs someone to step in with money to repay ALL of the loans. Working that out was CEO BOLDUC's role.
I never sensed any tension between any of the speaking mgt. so if there were differences in opinion, they came to a head over the next step.
But today's sales do not point to this as a positive event.
Missed that. Thanks Brains!
I am waiting for the Buffalo bounce.
We really need much more information and quickly. So many moving parts that can come to halt.
Now if you CEO BOLDUC haters are happy, then you got your wish and it was dumped all over the shareholders.
There is always another shoe behind an unscheduled, unforseen event like this and Dr. McGann did NOT even mention TSA in the PR, which to me says: he cannot speak about that.
So much uncertaintity and a huge deadline ( financing day) with so many big players pounding away on this little company. Things will get much more bumpy before smoothing out.
And Buff-- didn't you claim this would boost the stock?
I am stunned by IMSC's silence but it appears they cannot talk more than a cryptic PR and none of the usual, we thank Glenn Bolduc for his efforts. So much doubt at such a crucial time can never be good. Needless to say, the TSA is likely calling Dr.McGann right now to find out what the heck just happened. No way that gets taken as a positive.
Maeb- this is an "investment in IMSC" discussion board right? Or are we in the Spanish Inquisition phase of said investment discussions?
Look, I resent the inferences that this mgt. team has lied to investors.
The poster named MAS is now inferring that IMSC mgt. knew about the TSA's plans but buried that and lied in that April'13 CC. If that is true, the of course I am out of here in a NYC second.
IF that is slander, then we have to go at it.
mas said:
"They did not. The Ionscan 500 (later versions) and Itemiser DX were always going to be retained as qualified ACSTL products as I kept telling everyone for years despite all the fantasies peddled to the contrary at the time. Of course investors were misled by the fantasy huge cargo pipeline that never existed."
Mas, when did you know that they "...were always going to be retained as qualified ACSTL products..." And note the word "...were..."
So you are claiming we the investors in IMSC, including yourself if you are one, have been lied to by this mgt. team? Is that what you are saying?
zey- what OTHER sales opportunities are you referring to, "that were missed"?
List those.
Please.
Purdy Please.
You may not understand how this works or who the historical buyers are and who they are likely to be.
The Laredo PD, as much as you think: hell, they should be buying a B-220 so somebody is missing a sales opportunity.
Think- how would Laredo PD apply a desktop swabb machine to everyday use? This is a trick question, because if your answer is: Laredo PD should put a B-220 in every car and test everything suspicious. Well then the problem is with the Laredo PD finding the money to buy a/many B-220s and not a lazy sales effort. Do you get that?
Now, much of this changes when hand held non-contact, TSA approved ETD units are available. Did you ever think their operational concepts have contemplated this very idea?
NO. YOU DIDN"T. SO CARP AT WILL.
That's right, he consulted with them and built the B-220. Look, they had a BTS XXX which stood for Bench Top System with some #s behind it, the screen console etc of the BTS look exactly like B-220. But the specs and the software were not the same, nor the swabb and that is what McGann brought to the product that allowed the product to go into testing. IMSC's swabb is so good, TSA wants to make that THE universal swabb. IMX nor IMSC had a product that TSA wanted until McGann revamped it.
Call CEO Bolduc and get the real low down on it if it troubles you.
Truthfully, does anyone own a share of IMSC here? Does anyone believe anything about this company?
This board does not sound like investors, it sounds like angry men out for revenge.
Guys and if there any women, critical thinking is very important and should part of any investment decision. And that should be ongoing, but crips almighty, this invisi-cap has a $162,000,000 IDIQ with TSA, two CRADAss with TSA, a grant for the next big product and a one to two year lead over their large multi-cap competitors. And you folks think you bought into a nest of lazy liars???????????
I get the pps appreciation has stalled and reversed but you can't go back and re-write history to explain it. It was clear that this company existed ONLY because DMRJ was willing to loan them money. You met the CEO and then bought in, now, you seem to hate the very guy that had to be the only reason for anybody to buy in at that time.
And the whole I DISLIKE THE JOB DR. JONES IS DOING is soo weak. Proof--$162,000,000 IDIQ. But no credit is given for that. Many would rather roll up 45,000$ in sales that move this little company off the pending big tender opportunities around the world.
ITS A SMALL COMPANY. ITS SPREAD LIKE PEANUT BUTTER ON HOT PAVEMENT.
Ted - some of what you are saying is true, the story about customer doubt in IMSC's ability to get a cargo certification. CEO Bolduc even referenced an airline or cargo person whose name he didn't recognize in his email list who I think was the basis for that story. Consider, that person ( company) didn't buy a dam thing because they were not required to do so by TSA's certification lists.
Not sure if you listened to the CC ( forgot exactly which CC) but it was some 2 or 3 CCs after the special April'13 CARGO CC, CEO BOLDUC said, and I can hear it in my mind as my heart skipped a beat, the cargo potential had gone from '000s to '00s via the TSA's grandfather list.
You have two competing concerns, that I believe this company's mgt. is clearly aware of:
- don't mislead
- do disclose what you have been told by the appropriate gov. authority.
To my mind, they honor both. I have no problems at all with them. BUT I am dam disappointed that 1000s of CARGO ETDs did not form up as an available market. But I am NOT going to pull a Zey and infer: FORCE THEM TO BUY.
Nowak- good points, addressing the total available market for ETD is really hard. You can call a gov. rep up one day and there is NO MONEY for trace. Within 6 months, there is plenty of money. The opposite is also true.
Now, I think one of the fundamental reasons DRS. McGANN and JONES joined IMSC was they saw the future at Morpho being dim and Smith's was sitting back also on the trace niche.
So my sense, once cargo was initially awarded, and follow on cert. into the passenger began, two things formed up quickly- gov. interest ( 99.9% of all buyers for passenger) and a competitive awakening by S-M that little ole IMSC was at the right place at the right time with the right product to capture the next refresh wave of ETD buying. It would be very hard to NOT be excited under those circumstances as all of MC GANN's and JONES' suppositions appeared just like they imagined.
Further, the sales cycle to govs is very very obtuse as you can see the India sale went round and round for years, the USA TSA sale is protested and I am sure every other sale will be. Most companies try to avoid the Pharoh's mistake- killing the newborn is easier than killing the king. And I believe we all can agree- S-M are tying to kill this new-IDIQ-born child.
who moved them? TSA, that's who.
Buffalo- call the company on that one, they had a BTS something or other, it was the benchtop system but I don't think it had a swabb. It did have a collector kind of trap.
McGann built the B-220. I am fairly certain of that.
IMX-IMSC had a 300#'d unit which had an aerosal like gun that forced some type of gas at a target to agitate the trace which was then sucked back in for analysis. They sent that to TSL for testing. And IMX had an ETD Portal.
My guess on IMX's strategic vision vs IMSC's:
IMX- build a great product but ignore TSA's specs and TSA will buy it anyway ( errrp- no they won't)
IMSC- we must gain gov. approval around the world as govs. are 100% of the passenger market and regulate 100% of the cargo market. Other markets are minute and hidden at this time but will always follow the lead of the governing authority.
IMX failed. IMSC is succeeding. Allah willing.
Well one way to guage sharing of credit is to look at sharing of bonus $. Another would be to ASK CEO BOLDUC about that. I encourage you to do that. I will guess that he gives most of the credit to Dr.Jones, but by all means, let me know what you find out.
Look, it was a company changing, company targeted, pivotal, make-or break event for IMSC. I don't know any CEO who built the company out of the ashes and staked his future on suddenly steps aside for that PR. Why didn't he credit Dr.McGann, the guy that built the B-220 platform? Ask him about that too. And share the results.
Nowak-
- not making any excuses as I would like to see the pps at fair value also. But why would YOU and others refuse the actual explanation for cargo pipeline commentary and REAL sales excitement by IMSC mgt.?
- An analogy: I am eating an ice cream cone, you ask me where I got that ice cream cone, I tell you- go 3 blocks and make a right, on the next corner. So you go there and cannot find an ice cream store anywhere near there. You think- that ice cream eating liar. You see me a day later and yell- hey pal, there was no ice cream store on that corner as you claimed, I tell you- well it was a truck selling ice cream.
- so again, for the the investor group who continue to feel they were lied to-- you were not lied to. TSA changed the grandfather list. Dr.Jones took many phone calls upon cargo approval as many shippers with ETD units were worried that the ETD they used was going to be KILLED. The competitive sales chatter trying to KILL IMSC's cargo efforts was SO great TSA had to step in and make a statement and award IMSC final status on the cargo list.
- from the time that Dr.Jones and CEO Bolduc,along with COO McGann took phone calls on the special April'13 CC that all centered on the huge opportunity for CARGO sales and some 2 CC's later when CEO BOLDUC spoke about cargo prospects going from '000s to '00s the TSA changed grandfather status for cargo use of ETDs thus undercutting IMSC's immediate-near at hand sales prospects. Nobody lied, hell, their excitement for sales was real.
- For some strange reason, shareholders like yourself refuse to accept that, think you were lied to and lay most if not all of that blame on Dr.Jones. See, that irks me because it is a false narrative of events and therefore has NO basis. Further, if I felt it had a shred of truth, I would have sold out immediately as I will NOT own a stock whose mgt. lies to its shareholders.
- Further, I hear the carping about lack of sales as if every high school should have a B-220 or every police barracks should have one. Well, if they had the need and the money, they might be in the market WHEN a TSA approved, non-contact handheld is available.
- Think of ETD sales as WOLF-REPELLENT, if you don't have a clear and near "wolf" threat, you don't have a need for a swabbing ETD unit. Further, until you have a clear method of operational use, you won't buy one even if you did have a wolf problem.
At the end, if you really think that CEO Bolduc or CMO Dr.Jones or COO Dr.McGann lied to you, then leave the stock for your own peace of mind. I would not blame you for selling nor fell bad about that because you are living up to your convictions.
Fidel, I work at a cookie factory to feed starving children for 82 hours--no, 86 hours a week, so I don't have time to do the ciphering fur ya.
Good Luck at The Easter Egg Hunt!
OK there Dr. Zey, but really, I don't need any luck with a $162M IDIQ that Dr.Jones brought home, the same guy that you want to sell more and the same guy that when he does sell more, you dispute it.
Dr. Zey, you tell me WHO THE HECK did sell the TSA on IMSC?
I already did. Read the transcripts and events changed by TSA after CEO Bolduc and Dr. Jones described the growing opportunity with the cargo opportunity. Dan Small of DMRJ asked about it and Dr. Jones answered him.
Do you honestly think the CEO and the CMO along with the COO would lie and think nothing of it?
Or should they have NOT disclosed what they beleived to be true AT THE TIME?
Please, read what safe harbor means, understand that TSA decides and ONLY the TSA. And guess what, they can change their mind tomorrow about the $162,000,000 IDIQ that Dr.Jones secured for IMSC. Further, I would bet that if asked to share the % of insight/work on that IDIQ that CEO Bolduc will say: Dr. Jones 75%, Dr. McGann 20% and CEO Bolduc 5%.
Look, you folks don't understand concept of operations. Hell, the TSA does NOT use a SWABB for every passenger or every bag...a very low % of people/bags get swabbed. Why? Their concept of operations and the cost of a swabb prohibit 100% screening of everybody/all the time. Maybe the Chinese will swabb everybody, but I doubt that too.
Sorry to step on your cheese but Dr.Jones deserves the credit and if you don't want to acknowledge that, then you own the wrong stock. Try Smith's. And be aware, he out-sold SMITHS ETD Line all year long in '14 so try Morpho, be aware, he out-sold MORPHO ETD line all year. He brought home an IDIQ valued at more than IMX or IMSC has made in sales through their entire history.
But sure, he's lazy, can't sell, he lies, he has COO McGann fooled, he has CEO Bolduc fooled, he really fooled Morpho and of course the Uni of Alabama was totally duped.
Good Luck at the Easter Egg Hunt!
Dr Zey---$162,000,000 IDIQ w/TSA,Thank You Dr.Jones! The defense rests.
Try to beat it, you brainey fellow you!
Best of Luck selling a B-220 to The Seattle PD!
Zey- I think there is an tremendous marketing plan in play right now. Part and Parcel, gov. approvals as govs. or gov. regulated shippers are the ONLY real buyers.
Go look at what and who S-M sold ETDs last year and then make some of your informed comments about the skill levels of their marketing plans and their results and then place S-M results next to the gov. approvals gained and the IDIQ awarded by TSA to IMSC. Guess what, the #1 marketing winner, "hands freakin down-don't shoot" is IMSC and the esteemed Dr. Jones. Fact Jack. Try to undo that...g-head, try Zey and I'll read everything you post.
Best of Luck Selling a B-220 to any BUS STATION in Michigan!
Shi- yes yes, oh yes. This sort of NO WIND period of time is the perfect cloak for a strategic invest in that grows overnight.
IF anyone thinks that S-M fear IMSC ( they do) and are out to STOP IMSC ( they are), then imagine their positions should IMSC gain a strategic investor.
Also, Drs. McGann and the esteemed Dr.Jones are greatly incented to bring about such an investment.
And while the brainey IMSC investors don't want to give Dr.Jones a nano-spec of credit for landing a monster IDIQ w/TSA, the EDS builders do watch those events for a number of reasons.
To you cry babies let me give you a little parallel story: Casket salesmen don't sell boxes to dead people. IF there are NOT gov. funds available or if the TSA says the cargo market does NOT have to change ETDs, those markets are just like bodies in the ground.
Some may say: every state police barracks needs a B-220--- truthfully, they don't. But they could use a QS-150-E and you can bet that Dr. Jones and McGann have worked up a mode of operation ( called a conops by TSA) for the new hunter-category killer in hand held non-contact ETD. See at some point, ETD resolution reaches an end point in terms of resolution and Dr.Jones knows what S-M can go while Dr.McGann is building out what IMSC is doing.
Of course we won't hear those cloaked details for a few qtrs, but a strategic partner who knows both McGann and Jones ( its a small frat house) can schedule a meeting-tour and casually discuss what could happen. I am not saying it is happening, but rather I can see it and I truely hope for it.
Best of Luck Selling a B-220 to Chicago Transit Authority!
Well zey,we have a HUGE difference of opinion. Good luck with your investment.
Grass- it passed the house and is doomed in the Senate. No way do the repubs have 2 democrats ready to cross the line. So what does that mean? When the house-senate comm. confer on the bill, they will adjourn and let it go to the deadline for DHS's spending authority to expire ( end of FEB). Its the old high school car racing game of chicken.
But who knows, the peril is as great now as it ever was ( lone wolf airliner bomb threats??). It would be a complete abdication of their duty if they mess this up again. But nothing is out of bounds.
But you didn't disavow working for Smith's or Morpho. SAY IT.
And I work 70 hrs and 3 minutes each week. ( sure you do)
I am even going to guess you worked at Morpho near or around Dr. Jones and he stole your parking space. Once.
Nobody who works 70 hours a week posts on IHUB for 20 hours a week...don't you think that claim is preposterous?
Is its SMITHS or is it MORPHO?
Please please once agin, for the "100th" time, I DO NOT WORK FOR IMSC.
I own many many shares. And I am concerned. Further, I have always said that DMRJ's ongoing dilution is an obstacle to share price appreciation. BUT I have also said: that is what you bought when you purchased a share. I certainly knew that. But at the end of my decision was the proverbial scale: risk vs reward. I think even YOU will agree, nobody in their right mind on the freaking planet, including DMRJ, want on-going dilution as it stunts future sp moves upward.
So let me ask you, do YOU work for Smith's or Morpho?
Joe- daytraders can't find IMSC yet you think they are the cause for stasis-- I dunno, that's a bit problematic for me. Its a coalition of the unwilling. Unwilling to let IMSC get their toe-hold because THEY know that its game over for their little deals once that happens. Consider, does IMSC have in-house counsel- nope. Would they employ that if they did-- don't know as that is brain-power diluting and costly.
The awareness level for IMSC is very very small.
Most performing DD don't even read key personnel bios. By the way, CEO BOLDUC is at the top of Key Personnel. Some might ask: why?
He took over a invisi-cap ( so small you can't even see it) and today its a nano-cap. A large achievement in the world of small cap stocks.
SEO's have some peculiarities when the word EXPLOSIVE is used. But it would be helpful to all of us if the company optimized search. Go to Salon and see how they do it with their trending boxes. Very smart SEO there. But they are in the news business. IMSC is in the catch the scum business. At sometime, they will move to a "more above the waterline" profile.
Best of Luck to ALL IMSC LONGS!
RJ- indeed indeed, stop grabbing for the Advil, hit the sell button if you hurt that badly. I'll buy some. But constant carping does what...provides a virtual sex change? Causes un-due additional drops in the pps? Gives one a head on head football tackle-like headache?
Me, "In Belicheck I believe" ( actually its Brady but only because he has the hottest wife in the NFL).
Greatest of Luck to ALL IMSC LONGS!
Joe- disagree- the market always pauses to assess when it sees: PROTEST FILED, 3 LEGAL WARNINGS IN THE STOCKS FILE and of course- CAP STRUCTURE = DILUTION ENGINE.
What the market does not assess are the obvious outcomes: PROTEST FAILS, LEGAL WARNINGS HAVE GONE NOWHERE and DILUTION WILL END WITH A RE-FINANCE all of which allow the company to collect progress payments for development of NON-CONTACT ETD, HANDHELD NON-CONTACT ETD, CONVEYOR FED LARGE PACKAGE NON-CONTACT ETD.
The gist- swabbing is so dead, except in places like China which is oddly studying TSA's swabb based concept of operations.
Once I came face to face with a non-contact hand held, which at the time was on the TSA's QPL, I asked the officer what was his procedure for using it for interrogation. He smiled and then told me to raise my arms and then did what amounted to a lite version of a voodoo ritual. Those products are NO longer on the TSA's QPL. The outcome: once the TSA receives a product that does not need a swabb, those old swabb-jobs are heading for the dumpster. What is funny, the new S-M ETDs which do not contain nuclear material, should be still in the testing channel making S-M the edsel of ETD and ushering their exit from the ETD space.
All of this courtesy of Drs. Jones and McGann. These guys are very sharp, they know the product-scape better than S-M know their own products, they have TSA's full confidence ( did S-M get a $2M development contract from TSA- heck no, did S-M get a $161,000,000 IDIQ from TSA- heck no, Did S-M enter into a CRADA with TSA for ETD product development- heck never!)
So Smith and Jones are just wandering around looking for the closest tar pit while IMSC is speaking w/ bankers and strategic investors( guesses) ...while the market pauses and waits for news.
Obviously the stock has acted like the IDIQ was smoke...brought on by longs taking profits, strat. shorting, tag along shorting and ongoing dilutive selling. Heck, DMRJ might even short the stock on good news as the entire world knows they are good for it. NOTE- I did NOT say they are, just one of many ugly possibilities that must be discussed.
Resolution is coming! Greatest Luck of all to ALL IMSC LONGS!
Mas- Not familiar with the specific terms of the pre-Bolduc DMRJ loan, however, I understood a portion of that loan was guaranteed with revenue from the gov. of India win/order, which was held up by a protest by either S or M. Then, the price cratered to sub .10 cents and then I believe Bolduc made the loan arrangement which delivered the now infamous 8 cent share conversion for qtrly interest payment.
I think we all agree that DMRJ has to sell those shares as quickly as they can as IMSC's future was very dim,at best. At the time it had the QS-150 but with NO safety act certification so it could not be bought without lawsuit risk in the USA. It was NOT on any TSA approved list.
It was also shortly ( 12-18 months?) thereafter that CEO Bolduc brilliantly enlisted the aid of a key consultant, Doctor "House" McGann. His work is embodied in the B-220. The platform today that is working to dominate ETD as we know it thru tomorrow.
So at that time, the cap was : about 1.5M$, today the cap is about 65-70M$. Cash on hand then was zero ( actually less) and cash on hand now is a very large negative #. So we traded cap appreciation and platform development into 2 TSA certs. for debt accumulation. Stunning? Ah, no. Very typical of nano-cap, developmental companies, however, 98% of those companies FAIL while IMSC is till standing and exceeding all expectations. Thanks to Ceo Bolduc, Drs. Jones and McGann and of course the entire team that has proved their metal. IMO.
dsully- just keep your fingers crossed that DHS gets a full year of funding after Feb. Anything can happen now in DC. Serious adults are in charge. ( a joke).
Yeah, listen to Mike Rodgers just before going to bed. I don't like to bash religions, so I won't, but to some I would say: to be a religion, the bare minimum is FOSTER GOOD WILL. Now if they can't or won't do that, then they act as a cover for all the jihadist insanity. Like I am sure God is patting them on the head and saying: thanks for getting those cartoonists for me.
IGRASS--when a stock can no longer go up, it floats and then...
When the IDIQ arrived I watched level 2 as a strong-large seller dumped 100 share lots all day long. The stock was ranged off from 1.38 - 1.50-ish. There were no real passionate buyers.
Then a long here and there sells some shares. Add in the shorts, weather they are strategic shorters or play alongs or disenchanted, it proved too much and took us to where we are today.
As it happened I could almost here the gnashing of teeth over the dump that seemed cued up and ready to drop on the good news.
And until the DEBT has been refi'd, the stock is NOT going to break out. Where have I heard that before...hummm.
IGRASS--
Not missing the problem at all. You might be though.
You said:
" It's easy to say that endless coversion and selling by DMRJ is the problem but it's a lack of buyers that is keeping the pps down."
We just received a $162M IDIQ from TSA!!!!!!!!!!!!!!!!!!! How many stocks, small, nano-caps receive that level of IDIQ and as an aside, its ONE sale greater by many magnitudes than their entire security product sales over their life-span and the PPS gets capped and dropped????
The lack of buyers is due SOLELY to the cap structure which constantly adds to the float and caps any real appreciation. EVERY. BODY. KNOWS. THIS.
Think of it another way: shorts feed on dilutive events. IF they smell a dilution coming, they short like crazy. Its like a stacked bikini to a soldier just back from combat.
Well we have something worse than A dilution, we have an on-going structural dilution. Even worse, the market has NO way to evaluate this dilution as it happens over and over and over. Where does it stop?
I know this, WHEN dilution stops, WHEN a company clears up its cap structure that is clearly toxic, THEN investment interest increases greatly.
Consider, a $162MILLION DOLLAR IDIQ and we go backwards?!?!?!?!?!?!!?!?!
You tell me why new potential investors are NOT buying what DMRJ is selling...
Buffalo trying to wrap my mind around your thinking;
- you met CEO Bolduc and disliked him
- you felt a distrust or one of those internal warning feelings
- you then bought IMSC stock
- you then traded IMSC stock
OK, if that is your situation so far, I understand. But where are you right now?
--do you hold stock?
-- will you buy stock?
-- are you shorting IMSC?
LT Gains-
Basis for my arguement:
-- DMRJ honored its side of the deal, showed continued confidence, took significant risks and were the ONLY game in town. THEY deserve to profit on the huge risks they took and continued to take. THIS MUST BE HONORED.
-- I doubt DMRJ holds a share. They are owed some some 30-38M$ or thereabouts. ( don't have the exact numbers, but its very large.)
-- when DMRJ gets a share, they dump that share. No doubt about that. Look at the float growth.
-- valuing this company is problematic IF you cannot put your finger on the divider, the number of shares that will be outstanding. The market is telling us that today.
SO with the above in mind, I believe the company intends to do what is right for the company, not for DMRJ. But that includes honoring its agreements with DMRJ.
The best thing for DMRJ's .08 share conversion potential if for IMSC to pay off all other debt to DMRJ, let them convert their .08 debt to shares and proceed as a viable company with an incredible future AND with its honor in tact-- it paid DMRJ what it owed DMRJ.
Nothing else aside from a take out, which would also require honoring DMRJ's debt, will move the pps much aside from a pop-drop pattern we have seen.
Granted, IMSC's debt and trading pattern are also being influenced by strategic shorts by our competitors. I think this is obvious in the Short-Cover pattern that dislodges LONG shares and creates the downward sprial in price.
I have complete faith that mgt. will do what is best for shareholders and cut thru this knot.
Uncle-- the entire market is aware of ongoing debt interest = dump of shares into the pool.
Consider, when DMRJ first appeared, the pps was around .10 cents. Share count about 16M.
Share count will likely be over 75M before the debt is refi'd. But the pps is at $1. Which says: the company is succeeding. But since the stock is in retreat, it also says: no appreciation until dilution stops. Look, if a $162M IDIQ does not move the needle, what will? Short answer: debt refi. OR a take out at a higher price.
The stock is NOT finding new investors willing to buy as they have now seen the pps rise to its highest prior to IDIQ award. And now drop to pre- OT&E PR levels ( .90-1.04) while there has been ZERO change in the debt structure.
You might say why is DMRJ selling if IMSC is such a hot prospect: 1. they have to sell if they hold more than 4-5% of outstanding or they have to file ( forgot the exact number) 2. they want to sell as they will be owed more shares every qtr., 3. their principal owed is not dropping and they may be able to lend more thus giving them an overabundance of shares. 4. they want to be repaid with a significant profit that reflects the huge risk they took in lending to an .08/cent a share nano-cap with NO TSA approvals. .
Brady-- exactly. If CEO Bolduc can fly this plane thru the clouds on just his wit and a few loans from DMRJ, what will he accomplish NOW, and possibly with new funding that does not dilute.
Look, nobody like ongoing dilution and everybody hates that if its a built in, into your cap. structure. I THINK EVERYBODY HERE KNOWS THAT.
Well, mgt. wants the pps to rise as much or much more than you and I do. Now lets watch them clear the trash in the road ( so to speak) and get us moving.
My Grades:
- innovation: A-
- Production: In complete. Need to prove scale and build quality.
- Marketing: A ( brought home the big bone, the $162M IDIQ)
- Fundamentals ( cap structure): D-
- Product Pipeline ( in development): A++
Lets say my grades for each aspect are fairly close to being 99% accurate, a new refi agreement and delivery of first TSA order with a very high quality build and BINGO, this stock will live up to its promise.
All nano caps struggle with cap structure, which is why 98% die after 3 years in public. This one has NOT died. This one has plenty of strength underpinning it.
I would worry about the stock price today IF I didn't think the CEO could resolve it. He can and he will- he wants the pps as high as possible.
A new way to think about this: IF IMSC can post $30M in sales in 2015 ( cal.), then they are worth 5 times sales, say about $150M/ that by 100M shares and today, IMSC is worth at least $1.50 ( not accounting for NOL, other sales than TSA, new products and IP value).
So we are 33% undervalued. Guess where we go with just a cap. clean up...? There is SO MUCH value to unlock once the fundamental problems are cleared up.