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Doc D- fantastic analysis. YES indeed a VC would jump into this. The risk has been sorta deminished and looks like payment is assured for but now IMSC is one leg into the tsa and swinging the other leg forward. So its a ripe plum for a VC that sees what is possible yet very close at hand.
But we are shareholders in a public company so share count is like blood pressure; lower is better, higher is near death. And VCs are famous for selling to public investment than buying from the public investor.
Lets look at the snow-dig out scenario: we have about 80M$ in debt snow, we dig out how soon based on the 162M IDIQ. Interesting enough, if half of that IDIQ is at the margin, that delivers about...wait for it-81M$. Add another 20-75M$ in other sales over the life of the IDIQ and you see a vital debt free company with cash.
I like your thinking and appreciate your posting those numbers.
Note to B9- hey man, I caught that backhanded swipe at my position re: IMSC Marketing as seen through today's event. I am with you on that. Terrible. Clumsey. Almost worthless. Seeing CEO Bolduc sweat close up, in the shadows at the back of the room while Todd holds a 150 because nobody warmed up the 220-- doinggg. Not the work of a sharp, with it marketing dept. I am revising my thinking as I type. Worse,so few really great opportunities exist to get on the national news with a story that has importance to the American traveling public... what a miss.
Best of Better Luck to ALL IMSC LONGS!
Zey- take Detroit, they have a presentation of a b-220, somebody asks how often do you think we'll use this b-220- the answer, not often. Then comes the price. NO WAY do they meaning the locals buy to any measure. Big cities are different, they have plenty of discretionary cash, but they also have the clout to get the Feds to buy it for them.
However, within other depts. of the US gov-- there is gold in them corners! That should be a major focus. But again, we're talking about a swabb-driven operational use. Its absurd to lug a b-220 around and its even crazier to swabb something within a protocol of use that varies from tsa's protocol of use. ( imagine the border in Texas and a guy with a swab in his pocket and a b-220 in his truck-- results may vary, yours most certainly will)
Its so great to have a big order like that to fill fast because that funds what is next and that has to be non-contact at extremely high resolution with all the same features in the B-220. Now, part of this "good news" is this company excels at non-contact solutions and has the IP to build the best line of non-contact super high resolution trace detection products on the planet.
Best of Better Luck to ALL IMSC LONGS!
Seriously- I don't see that happening. Simply because we are all tapped out. WE meaning the US taxpayer.
Major cities that are terror targets might have some chances from within their own budgets, but the biggest perps inside the USA are crazy US citizens. You would think that every state police barracks would have 2- 150s for those suspicious things that you do not want to touch. Nope. Little to no funds until the officers pension fund is fully funded.
So while I would file that "sector" in the Possible Available Market I would add a note, the last market to tap. Further, swabbing is so lame and quite frankly it does not merit a full layer within tsa' system of operations. ( full layer= metal detector "doorway" you walk thru with your belt and shoes off). Currently swabbing is in on supplementary basis. You have something odd in your carryon- it gets a swabbing, your passenger #205- you get a swab, you refuse an ait-swabb it.
To my thinking, the world is awaiting a real high resolution non-contact solution that instantly delivers the results and has very limited expendables. Further, configuring it for many platform extensions is a real money maker, in my view.
Think about that guy in the back room in the cargo dept. trying to keep up with 4% of all packages going out the back conveyor-- he has about 200 swabs in his pocket and he is going nuts. My bet, he is also missing things in greater quantity than we imagine. Automate that function and price it accordingly- sold before its certified by tsa. Get that into testing before end of June. This should be the marching order for the R/D division, in my view.
Best of Better LUCK to all IMSC LONGS!
Nextgenetd- mantra or handle, I love your name!
However, the picture you point to is SOOO dead. Look at the empty seats in frame left. What are you looking at focal point ? Its a computer screen. Have you seen one of those before? Not much value in that.
Todd running a 150 demo was almost comedic, imo. No, to my mind, they missed a huge opportunity to conduct a demo that could have gone local and then upto the nets. Every cub reporter wants to do something on camera ( a package report) and to be able to do that with a product that Howard Safir could have held in his hand and conducted a swab test for trace on a pool subject or a few pooled subjects was a giant missed opportunity.
The simple fact that media was calling tsa for info about the event shows that NYC is hyper security aware. But the event went nowhere. Sorry to say that as I am a shareholder and do want to see this company succeed in a big way but frankly, I am a bit peeved at the miss. This is only my opinion as time will tell. But my gawd, these can be very catalytic events, but instead they turn into: Even the donuts were stale.
Best of Better Luck to ALL IMSC LONGS!
Buffalo- Dr. McGann has pointed to the opportunity when he described the B-220 as a platform. Obviously more products will evolve from that platform and connecting IMSC's unique IP ( non-contact sample collection ) with the B-220's internals will help to create the real break through product and the one that merits a buy out of the company.
So call it whats for desert, call it pie on the moon, but it is what is next. IMSC's parent to be will pick up that message no matter how poorly it was delivered today within the context of a demo of the B-220. Todd showing the 150 was interesting but that left him "70" short of a 220.
Best of Better Luck to ALL IMSC LONGS!
gnd- IMSC has an etd portal already. Tsa refused it. I think IMSC will employ stand off detection for an inline etd component for baggage and carry-on as well as packages shipped via the cargo sector. And according to CEO Bolduc, that is close to moving toward the point of a finished product ready for quality data capture. Key point here: IMSC via the B-220 process knows everything that gov. wants them to test, knows the unique surfaces and knows the issues with process of use ( protocol). This is a huge benefit, along with the 2M grant to enable-speed up R/D thru quality data capture.
I see this product selling for at least .225M and possibly more. I see a t.a.m. between 15000 to 25,000 units. If you do that math, you know why this company is going to be bought out and sooner than most imagine. The multi headed vortex non-contact etd system that is conveyor capable is the grail for tsa and for us, the shareholders.
Best of Better LUCK to ALL IMSC LONGS!
B9- Agreed re: what needs to be done, however, how you do it is much like Dr. McGann orchestrates R/D- quietly. Bolduc did mention that paying debt was primary focus after producing a high quality build, on time and budget.
Here's what I think, upon first tsa payment, he funds operations for at least 8 months, left over goes to debt. Upon second payment, all to debt.
I noticed a much more reticent group on this last CC. Almost like they were trying to underplay things. Smart, IMO. But once debt is clear, then it really starts.
The other thing I would consider, double time R/D meaning IF they projected June-Sept, their Q1'16 for the conveyor capable non-contact etd system/machine, focus on delivering a prototype in April-May. This is key.
IMO, Smiths and Morpho have nowhere to go in etd. The heat in the category is inside IMSC. Now, with funding, Bolduc doesn't have to plan his next negotiation scheme with dmrj he can focus on other things. But like Patton, you pick a point, set a schedule and plow the enterprise to that point at light speed. That's where the value in this company will come from. That and clearing dmrj out of the way. There isn't a single stock that dmrj is in that has a normal arc to the relationship with the lendee. Its like they trip thru everything, do everything wrong and make a giant mess of their funding. Sad to say that as they have been an angel to this company, but that is over. Over to everyone but them. Debt kills if not managed, we shareholders are seeing that right before our eyes.
Best of Better Luck to ALL IMSC LONGS!
maebs- NO, I am not he, He is quite a bit smarter than I could ever hope to be but I do admire that. And he has done an amazing job, so I have to thank him for that. I do so easily and obviously.
But investors have to know this: ceo Bolduc has assembled the dream team at every position. IMSC has NO weak spots, save their BDC- Platinum.
Two thoughts emerge when speaking of Platinum: First, thank you so much for taking a huge risk when no one else would. Second, enough is enough. IMO, Platinum would be smart to convert all loans to shares, save a bit of their $.08 shares and lock those shares up until IMSC is taken out. However, they won't. And truthfully, Platinum is like a greedy bear; they starve and risk then gorge and gorge until nothing is left.
Its kind of funny, Platinum has sold millions of shares from .40 to 1.70...had they held those shares, they each would be worth $2+ today. So do they see risk? Ah yes they do. Do they want to grow old with their shares? Ah NOPE.
I say: fund the company first ( have to do that), pay Plat. off next, ask them to hold onto the last raft of .08 shares, then work like crazy to build the big products that guarantee our take out. For instance, if IMSC manages to get a multi-headed vortex non-contact etd into the tsa's certification process, I would expect an offer shortly thereafter. THAT product is what the world really wants, along with those folks swabbing packages in the back ( how labor intensive is THAT??!?!?) .
Yeah first visit to this board and it was like a mafia circular firing squad was forming. Not pleasant nor constructive. Worse, when presented with plausible explanations- things got worse. So I have steered other potential investors away from here.
Best of Luck to ALL IMSC LONGS!
Well fantomphan, why don't your reader the Inspector gen.'s report on stowed Smith's etd units, because clearly, it shows what tsa paid for those. My second point would be, why don't you congratulate Dr. Jones, because he very likely KNEW that price before working his tuckus off on the 162M IDIQ.
So while you "really" read alot, you don't read all the info that is out there.
Best of Better LUCK to ALL IMSC LONGS!
Well Fantom, I cannot say that because I am NOT, for like the 5th time, a company plant, nor a company employee, nor connected to the company in any way, save for being a sizeable shareholder. So heck yes, I try to pay attention to everything that I can.
When did you buy your shares, if in fact YOU are a shareholder?
Best of Better LUCK to ALL IMSC LONGS!
MAS- it was signed Nov.10 so it was updated, however, I don't believe its for 1100 units, more like 500-570 units.
Best of Better Luck to all IMSC LONGS!
MS- first off, that document appeared before there was a sale or an IDIQ. Secondly, ceo Bolduc has answered the question in 2 ways- one, the document was NOT reflective of the IDIQ price accepted by tsa, further, when questioned about B-220 vs H-150 prices he specifically said the B-220 sells for a much higher price than the H-150, which follows pattern and he wasn't referring to an MSRP price. I think the 150 ranges from 18-25K and 220 ranges from 35K-bid low end to 45K MSRP.
Additionally, the company was fairly cognizant of the pricing scheme submitted by Smiths and certainly by Morpho as Dr. Jones likely looked at both price schemes, one from the inside and one from the outside. I believe Smith's underbid Morpho last time around.
You can figure 1100 units at low end of 35K and high end of 37K, add expendibles-service etc at 15% of list not net. This was a 40 to 46M dollar piece of the IDIQ.
Many folks here have overlooked Dr. Jones role in this entire deal. He's sharp, has done it at a competitor and never walks into a gunfight with a fork. The man knows the way of the tsa.
Investors are NOT buying F. U. D. when we have a ceo we trust and I trust ceo Bolduc. As far as your post about the India / H150 order, try to remember, ceo Bolduc made those statements at the time that he took as WORD from the Indian Gov., which later Smith's protest turned upside down, delayed and deleveraged the entire deal. And one telling detail, caused share price decay for a period of time.
So to accuse our ceo of lying to shareholders, well that is a pretty damaging statement.
As far as I can see, the damage is done to YOU, not ceo Bolduc nor this company.
Best of Better LUCK to ALL IMSC LONGS!
zey- very strange trading indeed, a mix of a seller parked, unloading a huge raft of shares ( DMRJs Interest payment shares) and a short attack that tries to dovetail into the DMRJ dump-a-thon.
People ask, why do that? Well DMRJ wants money today. Only reason. "Tomorrow", they'll have more shares to sell.
People ask Glenn to announce that he'll be repaying DMRJ on such and such a day. He will, but he obviously doesn't know the day nor hasn't looked at an attractive refi proposal. However, he did refer to a number of "bankers" calling.
I can understand shareholders wanting the dilution to stop but unfortunately it won't until the company has funding to operate ( don't want to ever borrow more money) and can pay off DMRJ's loans one at time. I suspect DMRJ will hold onto a piece for greener pastures, like a qpl listing for a non-contact product.
This was the deal and obviously, it cannot be un-done or resolved TODAY. Tuesday, well, that's another day.
Questions re: IDIQ-- not sure how it can be misconstrued but it belongs solely to IMSC. Although a carve out of 10-20M to Smith's may occur just so tsa has an option should a comet hit IMSC's building.
IMO- the real big money is the follow on product, the inline non-contact multi vortex unit that supplements an ait machine ( x-ray, mili-wave). It will also signal the take out move by a parent to be.
So key events, to my mind:
1. how soon will IMSC have its first check from tsa?
2. how soon after that will DMRJ get paid MOST of what they are owed? ( refi or cash net from sale or combo)
3. No doubt, IMSC's Q2 or Q3 is going to be powerful, a profitable Q before debt is considered.
4. IMSC's Q3 should deliver great strides in product development ( non-contact, conveyer capable etc).
5. The Euro market is now a Greenfield market. This has the potential to deliver a much larger order than tsa's first 1100 unit order.
6. Everybody talks etd's across the usa, however, that funding has to come from the federal gov. as local/states are over-tapped. There are about 8 states that have fully funded their pension obligations so unless Uncle Sam is buying or there is an obvious need ( NYC-LA-CHI-SF-MIAMI ) I expect it will be Federal buying ( border, marshalls, atf etc.)
I am a shareholder but I also understand that El Big Dog ( dmrj) runs this show and until they don't, opportunities for longs are constrained by said Big Dog.
Best of Better LUCK to ALL IMSC LONGS!
irish- even worse than the competition- the next buyer then can guess the floor level price and use that however they like.
I think the company had a bead on what Smith's sold their etd unit for and since Smith's is out of contention, so to speak, I would hope they bid in a touch higher, not a gouge higher than Smith's unit, which I think we all know to be about 35,999 in volume.
The key question is swabbs ( the biggest expendible)...at some 2800 etds doing some 40,000 to 80,000 swabs a day or 14M to 28M per year...at a margin of 75 cents each you get a nice number this company can live on.
And here's the best part of this, Dr. Jones knew exactly what Morpho bid for everything back in 08/09. So we have that going for us. Thanks again to Doctor "J."! You have the collective gratitude of the loyal shareholders!
Best of Better Luck to ALL IMSC LONGS!
Doc- don't know how much Plat. has converted at this point, but the price movement and volume is odd. If it is Plat., they picked a level above mgt. buy options and just said, we want 1.48 for each of X million shares and then put them up in 100 share lots. I would ask why do that except to guarantee they get to sell all X million shares as quickly as possible.
Old theory, it was defensive move by somebody else to block appreciation.
My take on cap., they have to refi sooner than later and escape debt as quickly as possible. At some 15% interest they are bumping up to the Money Store interest levels. That was my only point.
But ceo bolduc will likely set the course tomorrow. But in my mind, the debt ?s hidden behind the curtain is / was a hinderance to widespread enthusiasm( buying). And of course, nobody really knows who this company is. Maybe its gonna take a WSJ ad. to bust IMSC into full view. LOL.
Best of Better Luck to ALL IMSC LONGS!
Dauh-- the 150 is built outside the company. I doubt they trust the tech. inside a QS-B-220 outside the four walls. BUT, the sales wall of orders that will begin to build is astounding. Nobody is served by saying: in early 2016 we can fill your order.
But ceo Bolduc is never to be underestimated. And with money in the bank, he can breathe easier.
Tomorrow is about 2016 with a quick walk around 2015. And in my view, the cap. structure can clear up by as early as July. Then uplist and meet our new parents. I sure hope they are richer than the Trumps!
Best of BEST LUCK to ALL IMSC LONGS!
Vin- no way would they ever disclose pricing. NONE. That would be incredibly stupid. However, a dollar figure is a stronger PR than a # of units.
Tomorrow is about the cap structure after the discussion about the sales map. Remember, many eyes are now on IMSC's products. A tsa purchase is the highest order of purchase on the planet.
1.refi-cap structure re-work
2. ramp up of prod.
3. discuss worldwide interest
4. point to likely unit vol. for cal. 2015, this number is so big that it creates problems of its own
5. discuss a second facility
6. finally, lets talk about a new product and when that product goes into certification process
Dr. McGann has basically pointed to the engine ( hardware/software) inside the b-220 and has basically said we can port that engine over to other products. This is brilliant and dovetails into IMSC's unique I-P.
For this company to vault into the big time arena, they want to be the go to product for conveyor driven trace systems. For instance, the era of swabbing comes to end as soon as IMSC intros a multi-vortex machine that finds particles much better than a sticky cloth passed around the body. There are 1000s of workers swabbing boxes begging for it yesterday. Congress wants 100% etd pkg. inspection and 100% etd baggage inspection, well in my view, IMSC delivers that for a cool 225K unit. Our parent to be is putting the #2 to those numbers right now.
Best of BEST LUCK to ALL IMSC LONGS!
B9-- all those proposals that Dr. Jones carefully crafted, well, they now turn GOLDEN.
TAM estimate in units for this year is well over 4500, in my view. At 35K/unit thats a cool 155M$, not including expendables and service.
Now for the hard part, at 200/units /month we get a paltry output of 2400 units/'15 year.
Ceo Bolduc needs 3 shifts / day, 7 days a week PLUS the quality of build is even more important. Tomorrow, I expect all will be revealed in great detail.
Is anyone else going to join me in THANKING DR. JONES was all his hard work on this deal?
Big Shout Out- THANK YOU DR. "J"!
Best of BEST LUCK to ALL IMSC LONGS!
Maebs- oh yeah! But IMSC needs operating capital so I expect a very favorable refi, meanwhile my guess, at DMRJ they are working on the documents to fully convert,and IMSC is likely signing new notes elsewhere at 4.75%. In my opinion, there is no way they continue to pay 15.99% interest with a sales contract in hand and the likelihood of a bigger sale this June.
If we can clear up the debt/cap structure, we uplist and then possibly an early take out!
In my view, our parent to be is crunching numbers right now!
Best of BEST LUCK POSSIBLE to ALL IMSC LONGS!
Pulp- my range estimate is 42 M to 45 M in this order, a follow on for another 2,000 by June 1st, again a total guess. In my opinion, tsa spends 161.99M out of the 162M. I expect them to cover more than airports with IMSC product (s) .
Again, just guessing, but some idiot/devious entity is again lining up a wall of 100 share sells at 1.54 on up...who the hell does that?
Best of The BEST POSSIBLE LUCK to ALL IMSC LONGS!
Nowak- amen to that 20 million dollar inventory! But remember ceo bolduc talking about the largest production run in company history, well, that puts it above 7 M and we know tsa/capabilities specified 560 units for Sept. purchase. So the dots say at least 8M and less than 600 Xs the idiq unit price. To me, 17m to 22m.
Best of Better Luck to ALL IMSC LONGS!
Fidel- and I say that in jest only- my guess, we hear about the order progression from tsa on Friday. The idiq was the hard part and that is now determined. And tsa has had to intimated its plans to its prime etd vendor/developer. Note- developer. IMSC is much more than a vendor to the tsa as the cradas indicate and the 2million dollar development grant indicate.
I think they have spoken and now its a production question. My take is ceo bolduc will point to the sales progression on Friday. The prior qtr. is NOT of much concern except for the amount of debt that it incurred. Yes, more debt, they didn't hit the magic 7million dollar / q revenue rate to approach B-Even.
Friday is about the future. All of 162 million dollars of it!
Best of Better Luck to ALL IMSC LONGS!
Well Doc D- it is what it is. Sure, I think DMRJ was seller yesterday, but NOT a short seller and certainly not a determined short seller at 1.38. LOL.
The shorting was strategic action, in my opinion.
To Buffalo-- tsa will spend what tsa is authorized to spend. And if you are/were a long term shareholder, you had to have followed the pressing need for new-better etd machines for passenger use. But answer this, if tsa spends the full IDIQ, and IMSC builds product at 45-55% margin, how fast are they out of debt?
Further, shareholders should be very happy to have DMRJ convert some debt to shares. NOT all debt, but some. I think the object here is to keep share count as low as possible while effectively being able to fund the company and it R/D activities. Further, for the life of me I cannot figure out why shareholders are NOT more stoked as a tsa idiq holds greater promise for OTHER sales.
Sorry to be so gruff, but who would seriously consider a Smith's product AFTER the tsa has purchased an IMSC product while the tsa could have bought more Smiths' product? The second the first wave of orders from the tsa hit the wire, things will change.
Best of Better Luck to ALL IMSC LONGS!
Happy Birthday Fidel-- yeah, nobody is shorting this stock...yeah, every long term shareholder was hoping for an IDIQ of 250M so they are walking away from the stock so you can have a happier Birthday! Take that bow and please, keep the speech short.
The sort interest is still busy thinking the longs are tapped out and new investors will not touch this until debt questions are answered. I believe they are about to be addressed and tsa will show how serious their intent is via their first order. And if that order is 80M dollars or more, then no manipulator / short cabal will be able to stand in the way.
I take tsa at their word but I also note that they are an organization of secret order working in as a transparent manner as possible ( required by law) without endangering our security.
Speaking of gaps to fill, natural order predicts a return to 1.20 ish if no new info is presented and there is no new change in long sentiment. ME, I think we are in the Bonus Round thanks to whoever shorted this yesterday, wether that % was 48% or 42% or 55%. They are gifting shares to all stout longs!
Best of Better Luck to ALL IMSC LONGS!
Amen ANDY!!!!!!
I did order a bi-plane with a huge trailing banner that flew over Smiths HQ in the UK...it said
IMSC 162,000,000 M$ IDIQ --- SMITH'S: 0$
Best of Better LUCK to ALL IMSC LONGS!
Nowak- yes indeed, yesterday's short sale #s were revised. However much they may be off, it still points to a bigger picture. You can see the sells easily enough and you can watch level 2 easily enough, those are the basis for my story of yesterday.
In terms of dmrj being a seller- no doubt. Easily and they should, they want to be paid. But if you believe that, and you do, you also have to believe that dmrj would never get in the way of stock appreciation. They have to be a strategic-seller also. And it that is true, they could be a strategic short seller when something drops out of the blue.
But yesterday's action was some DMRJ but also a bigger player holding the price in a depressed range. MMs job is NOT to hold a stock in range if they don't have an order to fill. Now a smart strategic acquisition would be made in pieces and not as a huge fill.
Best of Better LUCK to ALL IMSC LONGS!
Nowak- I watched level ii all day. Someone built a wall at 1.38 range. That is all we know. The rest is open for discussion.
Best of Better Luck to ALL IMSC LONGS!
B9- fair enough. But have you seen any companies on OTC bound by SECURITY limitations?
But lets say that changes, that an IDIQ takes the wraps off an aggressive PR campaign, which I believe will happen once the bank account has been filled. Try to remember that this company is worse off than broke.
My hope is this: First order from tsa is 40-60M dollars. That takes alot of the financial concern and dissolves it away, almost instantly. However, I see the first order in the range of 20M. Then successive orders all 2015 long.
Bigger picture, the size of this IDIQ indicates ZERO SALES will be available within the tsa etd fleet for anyone else. ZERO , in my opinion. Once IMSC escapes OTC hell, it really becomes a company destined for a long life if not taken out at that time.
Best of Better LUCK to ALL IMSC LONGS!
Doc D-- don't mis-understand, I do NOT think its DMRJ shorting. It was presented as a possible explanation simply because Nowak presented it...so its a broad discussion.
In terms of market maker holding the price in line in order to fill a large order at a certain price, then THAT too could be strategic.
I have never seen market maker stand in the way of immense desire to own the stock, but SURE, it could be that also. But that can be confirmed going thru the tape and looking for a huge fill at the end of the day. I didn't see that fill.
To my mind, the short side has been and still is driven by strategic interest with a few tag along disgruntled ex-shareholders and some like minded retail shorters. Make no doubt, they are fast to cover...but selling 100 share lots at a fixed price without a huge single fill, well that sends the bloodhound off the path of massive concerted retail shorting.
Best of Better LUCK TO ALL IMSC LONGS!
Hum- you said it. If its not an ACQ target driven move, its a real desperate attempt to starve IMSC by a competitor. I think its ACQ target strategy. DMRJ shorting in advance of a conversion doesn't make sense at 1.38.
Best of Better Luck to ALL IMSC LONGS!
nowak- I hear you but, but still, I can only view shorting in this stock as more of a strategy than a method for making a profit.
The retail shorts and the pros would have let the stock run, and then bang it backwards. Yesterday I watched level ii and the momentum was effectively gummed up via 100 share lot sells from 1.36 to 1.42 or there abouts. Why at 1.40$, well that is the area where mgt. has right to buy options.
As to your strategy of a dump-seller / future convert, meaning DMRJ-- well that could be true until you look at the price range and the tactics employed, in my view. I believe they are smart enough to let the stock leap past its high of the year before they start shorting. The WALL of 100 share sells lined up quickly and ahead of the early momentum but even then, a large sell order was placed around 1.28 to 1.32 that allowed the 100 share sells higher up the ladder to line up. Yesterday was strategic action on the sell side. It worked as longs were neither sellers nor buyers and new buyers were in short supply, to use a pun.
Best of Better LUCK to ALL IMSC LONGS!
20141111|IMSC|1403569|0|2974546|O= 47.18% traded short yesterday.
So 1.4M shares were dumped short. Not exactly the work of a retail short. Or even a small group of retail shorts. That is a serious committment to stop price appreciation. One might even conclude its not hedge fund play. Usually, they will let a stop gap up and overplay thenews, then begin shorting it downward.
Note, they dug in around 1.38, only reason to keep insiders from exercising buy options around 1.40.
To have that level of committment for a stock that is relatively unknown means opposing interests are at play, in my opinion.
Best of Better LUCK to ALL IMSC LONGS!
Pat- not to beat you over the head with a canned ham of sorts, but the closest nearest competitor, Smiths600 unit has to go through what IMSC's B-220 went through.
Further to that point, while the 600 goes thru that process, tsa will be replacing the entire fleet of etd machines, say 3200 of them, with QS-B220s...then when the replacement cycle has run its full course, and the 162million dollars have been spent, maybe then, the 600 will be approved. There is no physical way to complete the process sooner.
Meanwhile, IMSC's R and D dept. will be working within tsa's crada process to fine tune the follow on etd unit, a non-contact product. My feeling is this product is already more than half finished and will be by June '15. Who knows, it may beat the 600 over the finish line because what the world does NOT need is another swab based etd product, but what it needs very badly is a conveyor enabled non-contact etd machine. The last time the market experienced anything similar to this was the puffer fiasco. I doubt tsa repeats that mistake.
Lets say I give you credit at the casino for 162 bucks, guess how much you spend? More than 162 bucks, that is for sure.
Best of Better LUCK TO ALL IMSC LONGS!
Zey-- the short horde stuffed appreciation today. And long sellers. Good riddence to all of them. They had no idea what this company has and what its about to be.
Put it this way, tsa put out a chalk outline today, for Smith's this is the outline of their dead product hopes, for the market its an easy predictor of sales about to fill in that outline.
Maybe they go 20m now and 80m in Jan. but when tsa has an idiq for 162m, they will spend that amount of money. Big question is how soon. For me, seeing a 162m idiq answers all questions and to sum it all up, somebody moved a dam big mountain!
Best of Better LUCK to ALL IMSC LONGS!
Well Doc D-- the shorts stuffed it today. They had 100 share lots at the ask all day long. They sold in small chunks and held the price in place. FINRA will interesting to see today to see how much was short action, how much was longs selling out but when you see 100 share lots at the ask all day, well, somebody was gifting away or shorting away alot of shares.
Now, the PR machine has to take over on the easy to pitch proposition that IMSC is about to get a series of huge orders from tsa which will erase debt and make this company a likely buyout prospect.
Where else are the tsa's etd purchases going to go-- certainly NOT Smith's nor Morpho products. And Smiths600 has a long march to get to anywhere near a position where it can compete for any sales, if there are any need by that time.
My sense is tsa replaces their entire etd fleet with QS -B-220s and sooner than later.
So the bigger question is when does DMRJ convert and what does DMRJ do with those shares? They've been a dumper and it would be nice to have that conversion option gone while they sit on appreciating shares. No one buys this company until that is cleared up. But obviously, the wheels are turning in many a large office today when a small company like IMSC shocks the world.
I think its safe to say, when tsa idiqs for 162 million, they will spend at least 162 million.
Best of Better Luck to ALL IMSC LONGS!
Shorts have dumped as many shares as were sold by uneducated longs.
They won't hold back the flood when tsa lets the largest arrow in their quiver fly.
Best of Better Luck to ALL IMSC LONGS!
Nowak-- heads up- while its NOT law as of yet, Congress is indicating that tsa must use it or lose it by 9-30-15...what that means is tsa will replace every single etd in their entire fleet with signed orders prior to 9-29-15, if this is stamped into law.
Then you have the closest nearest competitor stuck in the cert. process while the entire etd fleet is made up of IMSC QS-B-220s!
I just want TSA to buy $50 Million worth next week and another $50 Million worth in January.
Think of IMSC was having been underwater the entire time they are trying to innovate-sell-manufacure product while the entire time the morons that compete with them are saying that IMSC will go bankrupt or IMSC can sell a thing or IMSC can't fill in the blank. Those lies/idiotic statements get thrown in the waste basket the second we hear the first wave of purchases from tsa! And that will be soon.
This stock has suffered, my fellow shareholders have suffered but we have hung on. Now, we clean up the cap. structure which allows IMSC to be absorbed by a much larger entity. In my opinion!
Best of Better Luck to ALL IMSC LONGS!
Alot higher than it is today! That would be a huge "for sure". Alot hinges on the size of the first sale...for instance, say tsa orders 45m worth, the second that is in IMSC's account, they can pay down debt and prevent conversion but they need to have operating capital runway for at least 2 years. Plenty of variables but one thing is clear, IMSC is no longer on the short end of the equation.
Best of Better Luck to ALL IMSC LONGS!
One of my faves, that Gen. Patton! When Churchill wanted to cross the Rhine, Patton said, you mean the Volga!
Best of Better Luck to ALL IMSC LONGS!
Shi- tsa likes options, but in my opinion, their best option is load up on IMSC product for the next year and a half to help IMSC make good on the 2m grant. There is no doubt that tsa won't buy etd's with radioactive material in them, so who else has a product that meets the specification...no, this moment signals a huge turn. Today's action is a fly on the galaxies nose.
Best of Better Luck to ALL IMSC LONGS!