Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My guess of BAE order value
> Large areostat and trailer: $500,000
> six aerostats at $50k each: $300,000
Total: $800,000
Gran, WSGI/LTAS makes different sizes of aerostats. One size fits into a box (BIB). This purchase order was for a larger aerostat that needs a bigger trailer (no box). Six additional envelopes (aerostat)were also purchased as spares. Significant $$ order. IMO
Yes, the market cap of $4.5 Million is way undervalued!
be-real, yes, it seems DOD is ramping up BIBs and Aerostats, with the latest Aerostat for Elgin AFB to be delivered this month. I wonder how much the larger trailer Aerostats cost? The next follow on order should be a good indication if the Army is standardizing on the BIB!
Note: Re mgt statement for the "commerication of the Argus One"- A PO for qty 1-2 ARGUS One should have a revenue value of $4-$8 Million.
revised:
qty 2 BIB to Army
qty 1 large trailer aerosat to BAE
qty 6 BAE spare envelopes
qty 1 large trailer aerosat to Elgin AFB
qty 8 winches to Army
unknown spare envelopes to ARMY
qty 2 BIB to ARMY
qty 1 BIB to BAE
qty 1 BIB to Elgin AFB
qty 6 spare envelopes to BAE
qty 8 winches to ARMY
Gran, If the ARMY standardizes on BIB, WSGI will have a billion dollar market cap...this is the reason I've been here for eight years!
We have delivered about qty 10 BIB and parts so far this year as DOD evaluation units, and the company has stated ARGUS ONE PO are coming. I would say we are growing. A r/s wouldn't happen until 2015 and we would need sales of $30-$70 million...IMHO
Mutual Funds don't invest in penny stocks, this is why most all companies what to be big board as soon as possible...to increase share holder value. IMO, only weak companies with significant problems have negative r/s. I've never seen a growing company have a bad r/s.
yes, kiss of death unless sp was $0.50 or so.
Companies do r/s to get on a stable exchange and raise money- institutional investors 'of course' don't like penny stocks (wild volatility). Here are some exceedingly successful r/s:
Citi's Reverse Split: Will It Help The Stock?
Citigroup's 6 month Performance
Citigroup said today that its decision to initiate a 1 to 10 reverse stock split is an effort to begin returning capital to shareholders. In a reverse stock split, the market cap remains the same, while the number of outstanding shares is shaved down, boosting the company’s earnings per share.
After the split the number of Citi’s outstanding shares will decrease to 2.9 billion from 29 billion, which will be followed by a reduction in trading volume, and ideally, an appreciation in the stock’s price.
Reverse stock splits have been used by a few noteworthy stocks that investors may not know about. ETrade and JDS Uniphase are two examples. ETrade’s 1 for 10 reverse stock split in June of 2010 was aimed at increasing the stock’s share price after its public stock and debt offerings had brought in capital, but had also diluted the positions of existing shareholders. Since the date of its split ETrade’s return has been flat, however other companies have seen much better results. JDS Uniphase was stunted by several quarters of profit losses and two negative quarters in 2009, however today its stock has returned 14% since it reverse split in 2006.
Looking at the companies that initiated reverse stock splits back to 1989 shows some instances of big returns. The biggest winner in that time was NVR, which CEO Dwight Schar pulled out of bankruptcy with a reverse stock split in 1993. Schar made a killing in stock sales, and the company has increase its returns by more than 7,000% in that time, trading now at $758.40.
Other companies that have opted for a reverse split include San Francisco’s current gem priceline.com, which was trading around $25 in 2003 when it initiated a 1 for 16 reverse split, and has returned 1,700% since then. Forbes‘ statistics department shows that the reverse split can be handy in times of need:
Stock Return Year of Reverse Split
NVR Inc. 7,255% 1993
CKX Inc. 4,651% 2002
NewMarket Corp. 4,264% 2002
Autonation 2,803% 1987
Bio-Reference Laboratories 2,686% 1993
IDT Corp. (Cl B) 2,534% 2009
Diamond Hill Investment Group 2,147% 2001
Range Resources 2,125% 1992
Intuitive Surgical 1,991% 2003
priceline.com 1,761% 2003
Cherokee Inc. 1,730% 1993
and the company stated they expected to achieve profitability in 2014. This may eliminate need for r/s since debt financing would be readily available.
Sami, Yes, as the company said several PR's ago, "2013 is a building year",... 2014 will be a break out year! IMO.
Sami, yes, it's not a BIB....interesting.
BTW: The company says no R/S...this leads me to believe that their is significant revenue in the pipeline to propel share price to NASDAQ levels of $1-$4 per.
Indy, do you know the mission of the Elgin, AFB BIB? Does it involve Northrop? Thanks, WW
over, any mention of GTC? Thanks
Yes, that's how I would read it...prime on up to $997 million over five years.
Sami, Maybe our communication aerostats (BAE Systems)will be utilized by Quantum as part of their nearly one billion dollar contract:
Quantum Awarded SMDC/ARSTRAT Systems Engineering and Technical Assistance Contract
(Huntsville, AL – April 2013) – The U.S. Army Space and Missile Defense Command (SMDC) / Army Strategic Forces Command (ARSTRAT) has awarded Quantum Research International, Inc. a prime position on the indefinite-delivery, indefinite-quantity (ID/IQ), multiple-award contract for the Systems Engineering and Technical Assistance Contract (SETAC) . The five-year ID/IQ has a total vehicle ceiling of $997 million. Under the vehicle, Quantum will deliver systems engineering, analysis, and technical assistance support services across nine functional areas, which support the SMDC/ARSTRAT mission areas of air; space; missile defense; cyberspace; homeland security/homeland defense; and Warfighter support.
Sami, Thanks for the great DD. Aerostat technology seem to have many players/experts...maybe one of them is an acquisition candidate?
Over, it would be great if you could do a one page synopses on everything discussed at meeting. Thanks, WW
BIB going to war per US Technik...
"Colorado Springs, CO May 31, 2013) - US Technik, Inc completes Blimp in a Box (BiB) training and fielding support to the Joint Improvised Explosive Device Defeat Organization (JIEDDO) at Joint Readiness Training Center (JRTC), Fort Polk LA. Units rotating through JRTC before deployment will utilize the BIB systems as part of their training for aerostat employment once arriving in overseas theaters of operations."
Indy, as we all know it's all about contacts. Mr. King spent 20 years in the Military and 7 years as CEO of US Technik.
http://www.us-technik.com/ ....nice Web site!
NEW Gen3 SPOT announced today on www.gtc-usa.com. Many new features, 2x battery, much smaller...maybe first of many new products!
be-real...read WSGI Media Page....numerous articles about BIB testing at Ft. Polk in the last 30 days or so!
Indyblue, great article...many thanks!
My guess is that our new funder has has been totally aware of situation for months and is working with the company as a partner for success- like a normal venture capitalist.
Rattle, you have a good handle on this and I defer to you. GTC mentioned to me last week that the stx3 tracker modem is 1/3 size of current modem used in current SPOT...quarter size seems about right.
Here is the product I was thinking of....
Thuraya SatSleeve is the world’s first satellite adaptor for the iPhone, providing users with easy and affordable access to mobile communication services delivered over Thuraya’s powerful satellite network.
There is another product in the marketplace (sat provider) that is a small jacket that a smart phone fits into that allows sat phone service and cell phone. This may be tied to the new modem GSAT will be introducing that is size of a dime (the current SPOT modem is 3x this size)
Pagan, Yes, you are absolutely correct, I'll contract them next time they need money....maybe I can help them out. Thanks for the encouragement ...
what option did they have? Who would fund them?
to stop La Jolla dumping shares
I agree, a sp of $0.25- $0.30 was reasonable based on the potential of WSGI/GTC!
Many factors determine market cap- revenue, growth potential, etc.
My guess, WSGI had no other options, they needed funding asap and this was the only deal available. In my opinion, this is why Clark left- he was disgusted with the options available.
WSGI is FINALLY on the OFFENSIVE, it appears they have NEW CONFIDENCE...could it be that a contract is near?
Yes, article was about the same army group that purchased two BIBs
The BIB is being tested at Ft Polk for possible deployment for two brigades being sent to Afghan to support Afghans as a 'rapid response team'...discussed here numerous times!
it's all about the nextgen new 'Mobile Army' that has been discussed here at length....the BIB could be part of this....this is why I'm loading up!
IED attacks grow as we pull out aerostats....
Afghan insurgents find new opening for IED attacks
WASHINGTON (AP) — The shrinking U.S. combat role in Afghanistan has given insurgents an opening to devise and carry out deadlier attacks using bigger improvised bombs against U.S. and coalition military vehicles and bases, American officials say.
With fewer U.S. forces patrolling road networks beyond their bases — and with the grounding of eye-in-the-sky surveillance balloons known as aerostats — Taliban fighters are adapting their tactics, according to officials at a Pentagon agency that tracks attacks that use improvised explosive devices, or IEDs.
"Insurgents are able to invest more time in preparing and staging an attack, and when we see an effective attack, it tends to be more lethal to our forces," said Al Sweetser, chief of the operations analysis division at the Joint IED Defeat Organization, which has its own team of analysts on the ground in Afghanistan.
So while the number of IED attacks against U.S. and coalition troops — as well as the total casualties they cause — has declined, certain attacks can be more elaborately planned, precisely targeted and more lethal because the insurgents have time and room to prepare, Sweetser and other American officials said.
The Pentagon has invested billions of dollars to develop gadgets, such as hand-held ground-penetrating radar systems, and techniques to find IEDs before they explode and to mitigate damage from those that can't be stopped. The evolving struggle began a decade ago in Iraq with insurgent groups countering high-tech U.S. weapons with relatively cheap and surprisingly effective methods of killing and maiming. A hallmark of the insurgents' use of IEDs in Afghanistan has been their ability to adapt to changing circumstances.
A recent IED strike near the southern provincial capital of Kandahar killed five American soldiers in an armored vehicle in one of the more deadly examples of how the Taliban have taken advantage of a changing military landscape.
Insurgents took the time and effort to tunnel underground and place an unusually large improvised explosive well below the surface, said David Small, spokesman for the counter-IED agency. They also had time to plan where to position themselves to remotely detonate the bomb, Small said.
Hel said other details about the attack are classified, but it is believed the insurgents had learned through observation that reduced coalition patrolling gave them more time to plan this attack.
Among other recent incidents:
— An IED attack on a coalition base in Zabul province in April killed three soldiers from the 1st Armored Brigade, 3rd Infantry Division, and wounded three others. Another attack in April killed three British soldiers.
— Five soldiers from the 1st Brigade, 1st Armored Division were killed when an IED hit their Stryker vehicle in Kandahar province in May. Three other members of the same brigade were among four soldiers killed in a separate attack later that month, also in Kandahar.
— In June a suicide bomber driving a truck loaded with explosives attacked an isolated NATO base in Helmand province, killing seven Georgian soldiers and wounding nine. That was the deadliest single attack of 2013.
"These are precision attacks employing suicide, vehicle-borne and command-wire IEDs, all of which require longer planning and preparation than the more common IEDs encountered," Small said.
Afghan forces are taking the brunt of insurgent violence this year as U.S. troops pull back from a combat role to a support mission in line with plans to end the American and coalition combat role by December 2014. Yet IED attacks are taking a relatively larger toll on the smaller force that is still operating there. Deaths from IEDs alone from April through June represented 9 percent of all coalition casualties, including those wounded in action, Sweetser said. That compared to 7 percent in the same period in 2012.
Because U.S. and coalition troops are not as active beyond their bases as they had been previously, prior to the Afghans taking the lead combat role across the country, Taliban fighters "are coming to us and attacking us on our bases," Sweetser said.
A spokesman for coalition forces in Kabul, Lt. Col. Will Griffin, acknowledged the increased lethality of some attacks but said, "We don't necessarily identify that as a trend." He said a "full spectrum" of tools designed to counter the threat of IEDs is still available to coalition troops even as they shift to a back-seat role.
U.S. officials also are now grappling with a time lag in learning details about IED attacks, since the Afghans are in the combat lead and use more rudimentary means of reporting up their chain of command, Sweetser said. He said it now can take many weeks, rather than several hours, to learn details of IED attacks.
There are now about 60,000 U.S. troops in Afghanistan, down from 87,000 a year ago. The number is scheduled to shrink to 34,000 by February. President Barack Obama has yet to announce whether he intends to keep some number of American forces in Afghanistan after 2014 to train Afghans and to hunt extremists.
___