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Can someone confirm that dmrj can match refinance offers
An important question is are there any restrictions that DMRJ has in its conversion. Can it try to convert every day and drive the price down to .08 cents or are there restrictions on how much they can convert in a given period of time like in a quarter. If there are restrictions then the 2 month notice is irrelevant. IMSC refinances...gives them notice...DMRJ converts x amount...the price drops...refinance PR'd and the price rises again. If there are no restrictions then the price goes down to 0.8 cents until the 2 months is over or DMRJ gets rid of all 60 million shares. Either way, the company should just bite the bullet.
GLTA,
KB
Btw if you look at the transcript, no thanking dmrj
What do you mean ran out of room? And what is POS?
itoro I believe that will end up with a lawsuit
I think this is dmrj giving one last hurrah I doubt there was anything in that cc that warrants this reaction
How do they force people to sell...making shit up?
It's not just about supply, but also demand...there is no way that with current sales and intellectual property that this company is worth 80 million on a fully diluted basis or 37 million at current outstanding shares!
Agree...my guess is that dmrj is on its way out...willing to take this pain if that is the case
Thanks dsully, I will do the same...they have one more cc, will also cut my losses if I am not satisfied with the cc.
Don't think companies just reprice at their leisure
Dmrj also has to cash in at 109-118.
This company is being sold.
I am assuming that they have a plan...they may not care about us, but I don't think they left their high paying jobs for just a lower salary
So do you see it as a positive?
What did you make of the cc? Positive?
Outside of the debt issue which they don't seem to care about i thought it was very positive.
Thinking they don't care about the debt because the company is being sold.
Finally had the chance to listen to the CC and here is my take.
1. Revenue of 5.7 million 4th quarter 2015, still operating at a loss, but less. Increase of > 250% compared to 4th quarter 2014.
2. Decrease in unit price by 10%, but margins of 41%!
3. Started delivering to ECAC, norway and netherlands. On the note of ECAC, next wave is in march of 2016. Also expects similar guidelines for etd from countries that fly into ECAC airports.
4. Gave CAUTIOUS guidance of 40-45 million in fiscal 2016.
5. Back log of > 45 million, but only 80-85% of that will be realized this fiscal year as some of that sum is from 2nd year warranty.
6. Still haven't delivered first shipment to TSA yet, but this is due to CYBERSECURITY ISSUE that ONLY IMSC equiptment can COMPLY with, another selling point of their product that they did not expect. THIS MEANS IMSC WILL GET THE WHOLE $162 MILLION IDIQ. Expect that they will be shipping out the TSA order in October.
7. IMSC now able to produce 400 units of 220s per month.
8. IMSC also now in the drug detection market, BM seems to think that this is a big deal.
9. Regarding Debt --> looking for other alternatives, but no specifics. Did state that the company feels that it is more important at this time to invest in R & D than paying back debt.
10. There is new products in the pipeline.
Next quarter should be a blow out quarter, we will see.
GLTA,
KB
Nothing left to say...time to put up or shut up for the company...mcgann's arrogant ass better come up with something good...good to see lots if buying and accumulation today though
Glta,
KB
MAG is a private entity...wonder if the government will have a different decision making process
Regardless of the price now, we know that there will be a minimal price of 1.40 at some point...I expect it will be a lot higher than that!
Has dmrj stopped selling...
Don't forget about warranty and service fees! That's just the beginning we still haven't heard from the other 25 or so ecac countries! And this is just the first round. The company has close to 100 percent of the market...let's get this refinance done and we are good!0
Shipped today!
It's difficult to say what it acutally means.
It says that the bill is for 25 million for the "first deliveries."
The problem is how is first deliveries defined...is the entire 1170 part of the first delivieries with more orders to come or is the first delieveries just part of the 1170.
There are 3 things that may be positive for the company though:
1. Glenn openly said that the price is substantially higher than the calculated 18.5K per unit, he would not openly lie on a CC as that would make him legally liable, although substantially is relative to one's definition.
2. Previous orders by the US government for 1 unit has been close to 50K per unit.
3. McGann did say that the company would be able to expand on margins, so that would infer that machines were not sold at a loss.
I do believe that we are really on the runway at this time.
Waiting for Canada, Israel, rest of ECAC countries especially England, Italy and Spain.
Frustrated, but being patient, still haven't sold 1 share.
GLTA,
KB
Agreed...annoying as hell though!
Wow humnow, must be a short getting a little ansy.
The f'in prick misled all of us...believing anything else is naive.
Are you Glenn Bolduc himself or his brother? He made it seem that orders from catsa and the other arms of us Government were right around the corner...it's been months...as CEO you can't be that clueless about timeline where you are off on everything from expected company earnings (ebidta positive) to the timing of orders themselves...he must have thought I will tell them x and it's ok if I am wrong because I am protected by the safe harbor statement...either the guy was clueless or being misleading on purpose...believe whatever you want, but it appears that you are as good in making up numbers as Glenn himself.
I spoke to Glenn on many occasions...you can't be that in the dark regarding timelines...he knew he was misleading investors and did tic with a purpose!
Can someone better characterize "other verticals"
If the company presents a debt plan that makes the debt seem more manageable this stock will be at 2-3 dollars tomorrow.
Kb
More made up numbers...plenty of companies have debt...time warner cable had 30 billion in debt...the goal is not to be debt free, but to have manageable debt which I am sure the company is working on.
The funny thing is no one here knows what the reality is...the company is doing what they need to move the company forward...like you I don't want any more dilution...but I do believe that the company is stronger than it's ever been...the next couple of months will be interesting.
Opinions are one thing, but attacks on people's character like calling them cowards or buzz saying things like mcGann is no angel is ridiculous as they don't know these people or what the ultimate plan is.
Glta
Kb
Verified...not hot air...major win...looks like Europe is implants to conquer...awesome win!!!
Where do you come up with these numbers? 162 million idiq plus ecac, not to mention china, Middle East, canada...and you also have the drug detection business...you want to sell the company for 150 million? You can't be serious.
Glta,
Kb
100000 + shares with vote of no on increasing shares or options to former board, recommended to friends a total of 500000 + shares to vote the same.
I can't imagine that they want to hold a conference on July 1, 2015 with a bunch oaf pissed off investors...I would expect some positive events between now and then...unfortunately this company never ceases to surprise me!
Glta,
Kb
Charter is buying time warner cable for about 80 billion...of which 30 billion is debt...if a company wants imsc's technology 80 million is not a large amount of money...a lot of harping on debt and not much attention paid to the power of this company's technology...glta...still haven't sold 1 share.
Even if they have financial options they won't reveal their hand...you must believe in the company and that's why you are sticking around or you don't believe in the company and just want to lose the rest of you money...which one is it?
KB
I own about the same amount and continue to believe...even if they do have other financial options, they can't say that...first conference call that I don't feel they are bs ing us...as bob said we are no longer just a story, but a company that is executing.
Good luck to you (and me)
KB
You're welcome.
I welcome all other views if any of you heard it differently.
GLTA,
KB
Finally had a chance to listen to the CC.
Here is the summary.
Financials:
Margins are at 35%
Revenue increasing.
Lost 5.7 million this quarter.
Company is winning tenders based on:
1. excellent detection
2. very low false positive rates
3. new patents will make the technology even better
TSA:
1. Delivery will start at the end of May on an agreed schedule and locations.
2. Can't speak to cost of each unit, but states that margins are good and will continue to improve with increased production, decrease material cost, and increased manufacturing efficiency.
3. Also was not the lowest priced ETD.
4. BAA award taking effect, now creating a new market opportunity (did not specify what)
5. Possible further recap in the next couple of years.
ECAC:
1. Win rate of about 60% at this time
2. Expect more wins to be announced before the end of the quarter, just waiting for shipments to occur.
3. By september the market opportunity is about 45 million dollars.
4. After ECAC --> moving to the middle east and china/asia.
Corporate Structure:
1. New board is to better align with company goals.
2. Nothing detrimental about the current board.
Debt:
# CFO and CEO always looking at debt situation
# BL states that he feels the market will recognize value in company soon. Company is operating all cylinders and in best shape in it's history. It's in the best interest of DMRJ to have a higher stock price and he does not feel that they are selling.
Bottom line: If you do not believe management, you should not own this stock; if you do, then we are about ready for take off.
GLTA,
KB