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I recall there only being the one bid, by Implant, for the most recent IDIQ, because they had the only approved tech under the latest TSA edict. Curious how there could be a protest from a competitor who didn't place a bid, just another in along line of things that don't make sense.
After over five years on this treadmill I can only tell you one thing with absolute certainty- nothing with IMSC seems to make any sense,ever.
I have to think McGann is more readily able to find alternative financing than the former CEO. Contrarian view- he kisses the paper himself and moves the company in to the space on his nickel. On this protest deal,think too much is being placed on it relative to the ever perpetually languishing SP. I would not be surprised in the slightest when it's officially dismissed it has minimal upward effect on it. However,a re fi on much less predatory terms, combined with a good earnings and guidance we move up. Other than that, I got nuthin.
I think Glenn was the right man for the job, when they were at .05 over five years ago. It's a totally different animal now, and while he certainly did keep it going you have to ask a couple of questions.
Was it him, or the tech?
Could someone else have moved it more quickly fwd as to not incur the debt it now has?
Could someone else have appeared more switched on during interviews,or CC's?
I hear some saying he was a great CEO because he called people right back- really? His fumbling through CC's,missquotes,incorrect #s, general malaise did not sit well with many. I like him, good guy but I also like the guy in the oval office just don't think he's done a good job either. We now have the most qualified person imaginable steering the ship, let's see what happens going fwd I think this company saw a huge positive transition with this change today.
I would have been far more concerned right now if it had been Mc Gann who resigned..
And don't be surprised by a move up either.
I hope one of his first moves is to sack your man DJ
I think that's a certainty, and how refreshing it will be. This is no different than a coach being fired for the teams performance IMO. We all( at least I did) thought that when McGann came out of retirement to join them that he would succeed Glenn as CEO, it finally happened and it was pretty much right on time after the IDIQ happened. I think this is a pivotal day in the companys history, very excited to see what unfolds next..
Meet the new CEO, NOT like the old CEO
It wasn't an amicable departure, that's for sure. We are better off with Bill at the helm,no more stumbling bumbling interviews, just concise accurate representation. DM could have had a hand in this as well knowing that. They are a major player now, and need to act like one.
Short term pain,long term gain. McGann is brilliant, articulate,and will either position the company for buyout, or take it all the way. Hopefully he'll sack DJ and get someone who can sell product if the latter happens,certainly explains some of the silence.
What we think matters not. Only one's that matter are those that sign checks for it. Our govt apparentely thought enough of it to give them 100% od the pie for now, and quite possibly the long haul. It's one app, how many more can they wrap the tech around?
Does the SP suck
Is DJ next to worthless
Do they need to restructure debt
Are they obtuse when it comes to PR
Is this going north at one point
IF Yes is the correct answer to all of the above(and it is) I only need the last one to be right.
"can someone point to the one thing that makes this stock a buy?"
Sure thing, the IP portfolio. No matter how bad they have appeared to have bungled their way this point,they still have an IDIQ for up to 162M ,which no one else does. Worst case they get bought out, best case they become very profitable. Not a whole lot of risk at this point IMO.
Gotta be something else in play here,and I don't think in a bad way. Makes no sense not to build the brand after an order of such significance- unless they are quietly arranging a buyout. 75M in debt is paltry compared to what they are capable of capturing sales wise in the next few years, and they are closing out certs on every corner of the globe. I would think they are a very attractive aquistion and being courted by many at the moment.JMO
All one can say is..
The perplexing and burning question. You would think if they wanted to address the DMRJ dilution issue, they would want new blood in the stock to allow them to ring the register. It's pretty hard to when it's trading 100k a day. Somethings they can't control- like protests and the general lethargic nature of govt, but the conspicuous silence is inexplicable for a company that just made a splash of this level in the sector. Where are the Cable interviews?. It sends the message they really don't give a crap about real shareholders, who had faith for years and allowed them to make it happen. Some more global sales wouldn't hurt either.
No to mention as opposed to having millions more in his bank account right now- he is a pleasure delayer in the classic sense. That's why he purposely torments LT investors by delaying events that he clearly is control of. His way of getting back for all the years of disparaging remarks from armchair QB's on message boards- myself included.
Thank you.
I think Implant has been told by TSA to not comment until after the Morpho protest is dismissed. Should be soon IMO, what's a few more weeks after five years anyway.
Perhaps they got the IDIQ, the first order, Morpho then submits the protest shortly therafter,,they are then given a gag by TSA, Glenn plays dumb. It might be why they haven't been shouting front he mountain tops- I cannot fathom any other reason for the silence, aside from NDA'a. If you think they are under the thumb of DM,it pales in comparison to how much influence the US GOV has over them.
That would be my guess,and anything else relating to the contract until the protest has been resolved.
Well..it looks like the tax loss selling is over,some early birds taking a postion. I fully expect it to go back up appreciably starting Friday. As hackneyed as it is next year will be the defining one for them, no way it can't after that IDIQ. I agree they will have trouble getting DM's boot off the back of their neck-they will eventually have some great Q's of growth and while it won't be a clustfvck like the India order getting paid it is the gubmint and will take time. We would not be at a buck right now if their debt was what was two year ago, but again you really can't blame them for that-well you will but what are they
supposed to do, pick up their ball and jacks and exit the sandbox?
I do think they will eventually get picked up up by a whale, with sales execs that have a little more political clout than DJ does. And also agree he had very little to do with them getting that fat IQIQ, the proof there is he has done little with his " black book" else where in his 2 1/2 years here.
Buff, lets' assume for a moment they are truly weak sucks and the tech sold itself. I mean really, they have garnered very little other than the TSA order. If you're going to have one that would be it.
Regardless of them be adept or inept at booking sales, the IP was still good enough to blow away the competiton domestically. This dog will hunt, but maybe better with a pro. Two years ago they had a shot at going it alone, not so much now. Just the way the pickle squirts. Let's hope your main squeeze G-Man is working on an attractive buyout as the year draws to a close. We might get lucky yet.
Glenn wasn't saying this at .09 Friendo, nice try though.
Buzzlityr Monday, 10/27/14 06:50:36 PM
Re: zeynoc post# 17265
Post # of 19875
I became acquainted with IMSC when I read a statement by their ceo talking about capturing one third of the available market over 3 years.
Buzz, I appreciate your up tempo,but try to understand a few things. Quite a few people here grew sacks so long ago they could be accused of having elephantitis at this point. We held through .25 for months, and sub dollar for years,only to watch the debt grow to the point when they finally got the weenie the stock is lower than it was three years ago. It's no direct fault of the company, but it's damn frustrating. Lot's of us had your same chutzpah and conviction,years before your light bulb went off. It's just a perspective thing,it grates at you knowing you were on the right horse,and it's still running. What happens when they announce re financing and it does nothing? or the protest is squashed?. Sometimes I think this one is cursed from the get go, but I'm riding this bitch till the end one way or another.
It's good to be the anointed one;)
You arent't alone brother- nice five year Christmas anniversary for me. Most tormented stock I have ever held,no question. Tax loss selling for sure, exacerbated by the known issues,short timers leaving, true longs holding. Can't wait for 2015- new $$ will flow in to the stock. Could be far worse, we could be still waiting on an IDIQ. There's money here, not sure when but it's there.
And the "prolly" is why you continue to hold,like everyone else on here. Too low to sell now eh?
Probably right there, tax loss selling and DM doing their thing.. don't see a dramatic drop though. Not my first SP rodeo here,next year will have big positive change for them, one way or another.
Because buying at a buck could look pretty smart next year, maybe as early as next month. Again, Morpho's protest is with the client, not the vendor. I am beginning to think TSA told Implant to lay low till it is dismissed..there is no other logical reason for the silence after an award of such wholesale magnitude. To think even they wouldn't seize the press opportunity is hard to imagine. IMO lot's gong on behind the scene at this very moment.
It's always something that keeps us from ever going north. The current one de jour, is this protest, and getting past it to go north. If they would simply go out on the cable tour,tout the product for what it is,what it represents, how it's a little American company that just spanked the euro bullies, then there would be new buying interest. I guarantee you the PPS will go up on a nice CNBC piece, the dismissal of the Morpho protest will have no effect whatsoever.
Well.. he's been competent enough to steal contracts away from two competitors that have dominated the sector since it's inception. You can't make the argument it was the tech alone, Armini couldn't get it done. The reality is they had to play TSA ball, which meant dumbing down the tech to get it approved. Unfortunately, it took too damn long, and they are now saddled with some serious debt. Ya roll yer dice and take yer chances, we were all right about this one, it just took longer than anticipated, no fault of IMSC. My only gripe with Glenn Is why they seemingly refuse to build brand visibility and attract new shareholders or outright buyers. A Buffet type could have seen a piece on CNBC and bought the company with one call.
I don't think the protest has anything to do with the SP- don't think once it's dismissed it will affect it either. We didn't receive word of that till two weeks after the order,and all it did in the meantime was drift down. B9 made a good comparison what is needed here with that bio tech CEO that went on CNBC and talked up his company, and even alluded to a buyout. IMO that's what is needed here to prop up the SP till we generate some positive Q's of growth, then it will take care of itself. It's not like he's selling snake oil now, and he should be very proud of the companies accomplishments. The silence is incomprehensible.
The SP doesn't have to be at these levels. They refuse to seek any mainstream media after a watershed moment in ETD history, for some inexplicable reason. They get an A+ for selling to the TSA, but a failing grade for proper promotion of the company. You can't expect the SP to hold up when there's no one buying.
I think the protest has/had the same effect on the SP as the lawsuit BS-nothing. For lack of a better word it "ran" to 1.50 on the IDIQ/order on Nov 13th, and declined steadily to the 1.20 range when the protest was announced on the 26th. Something else is holding this down, no matter how hard they try their coordinated attacks it has had minimal impact(at least this time) compared to the real issues the company is facing relative to debt. It will be interesting to see what effect any restructuring announcement will have on the SP, or buyout scenario(s). I'm clueless at this point as to the direction this stock is headed, regardless of any announcement theoretically beneficial or otherwise.
No it will not be as good. Here's the best quote from the original,and if you can read tween the lines, it's 50 seconds in to the clip and sums it up here very well.
Wide awake, sitting on a pile, averaged in at .50 LT and eating popcorn.
In 100% agreement.
And their options at the time were?. Would you rather they got a 10M order, with the same debt load?. It's very hard to look the bright side here when you see 1.17, but it could be far worse IMO.