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Agreed, what's not to like about the 220 now it's on the list if you are a freight forwarder?
My bones are telling me we might be both pleasantly surprised,and conservative with their % of the ETD marketshare. Gonna be a white Christmas IMO.
I said feeling,not caving. They might have enjoyed a holier than though postion in the past but those days are over. They need to get it right,right now. The tell in that letter was "due to market condtions" which means no confidence in legacy products for obvious reasons.
Good read
http://www.washingtonpost.com/local/tsa-fights-major-image-problem/2012/10/24/0b4c3eaa-1d46-11e2-9cd5-b55c38388962_story.html
“TSA has more than just an image problem and has lost the trust of the American people. Actions must be taken now to transform TSA into a smarter, leaner organization and that starts with partnering with the private sector on passenger screening.”
Given Implants patents, they could be the only approved tech for the next six. Cargo is the gateway entry, imagine what Dr Boudries and the lads are working on in the basement as we speak..
One could postulate that TSA got some heat from freight forwarders/admin etc to fast track implant's tech as it was clearly the only viable solution with the impending deadline. Didn't Glenn reference a standing ovation the company received at a recent industry conference?
While we might see checkpoint approval by years end, main focus (for me at least) is and has been cargo. Today was always a when not if, nice to see it happen in Oct as that gives us a fantastic opportunity to close deals before Jan 1st Deadline. I would not be surprised in the slightest if the next two months sees them garnering a sizeable amount of new orders- you gotta think carriers know of Implant, and in some cases were just waiting for this day to move fwd with their respective purchases.
You are making too much sense! Good post, I am going with there's much happening behind the scene, and by the end of the year the picture here should be much clearer.
ATD Industry days
Implant well represented
https://www.fbo.gov/index?s=opportunity&mode=form&tab=core&id=d374eabb5632aca891c1cce834f2c703&_cview=0
There are 139 people subscribed to this thread. I doubt seriously anything said on here will have any real LT effect on the SP, same goes for the circus act other board. We here are pioneers owning this so early, and have found this board because we did DD on the company, not the other way round. It's nothing more than a conduit for company PR's( which you can get directly from them through em alerts) and a liberal sprinkling of opinion. It should have nothing to do with your decision to sell or hold- if it does shame on you for letting a text field influence your investing decision(s)
I pick neither. My exit point is far north of where it has been for the last three years,so grinding on the daily closing price doesn't concern me. There are plenty of people that can't wait to come up for air and punch out on the first real run, everyone gets what they want- and in some cases what they deserve.
I agree to an extent, but think the debt "crisis" is such a huge distraction it would be later, not sooner, the market would reward us if released under the current conditions. Timing could well provide the needed catalyst.
They could very well be holding it(and other PR's) till after the debt debacle gets kicked down the road by thurs. I know people scream at that notion, but it's a pretty nervous market out there at the moment. Any new money that comes in here will be from the broader mkt types, and it would get muted. The OTC folks are done buying.
I already hear the resident contrarian cracking his knuckles in preparartion for a response to this..and you know what?, I'm still holding patientely!
DMRJ sells
As quietly as a church mouse pee's on cotton. I 'm sure some would love them to crater the stock with a big sells so some could get down and out with a quick double on news, ain't gonna happen. I'm sure that infuriates some to no end as they can't flip it like the good old days. They are doing the company,and LT shareholders a big favor by slowly selling in small lot's as to not make the SP volatile.
"why such a below average # of posts the past couple of days?"
There's nothing much that hasn't already been said already. People that know the story are holding, that hasn't changed much in the last couple years either has the SP. On that note, anyone holding this is in an extremely small group of speculators. You have to admit, we all here knew TSA had useless tech three years ago. We also knew then who had the right stuff, and that's just now becoming apparent to the decision makers. Let em git er done,it's been a crawl but only because we know the potential, and are waay too damn close to the stock.
Personally I think this will pay off like a broken slot machine, just couldn't tell you when.
We don't have a problem in the GDR, in fact we have had a distributor there for awhile. It's just another trade show, but now with STAC certification it allows for more sales in Europe.
I think because Lebanon bought a few handhelds from a German mfg it was perceived we had a problem there?
Phew, that was a close one!. Now I can cancel my sell order at .50 at the open Monday..
Pizza time!
If you listen to the CC again, they don't disclose the #'s of units sold per order as to not tip their hat to the competiton relative to pricing. SSI's & NDA's also add to the grey. The competition is on a need to know basis, they don't need to know until the contract ink is good and dry.
It's reads like a calling for Implant's patented tech, much like all the new TSA mandated requirements do now.
Anyone recall in a CC from a couple years back Glenn mentioning being happy with 10% of the global ETD market, and in the CC Monday it was "over 30%"? I think they will capture over 50%. As painfully long as the process of vetting takes,and with their patent portfolio, they will be the chalk for the next 5 years IMO, Who knows ( besides them) what new ways they will wrap the tech around new apps by then. Think multi years contracts for product, as well as service contracts.
The best thing of all is they are through the front door now, and any new products can be delivered like room service. TSA loves Implant, they have provided a solution that no one else could. Great mgmt and IP are making it happen right now. They have a global sales and distribution network in place, and are gaining momentum with every new approval/certification. It's been a very slow process, someone mentioned it's a five year plan to profitability and we are in that window. I fully anticipate a much higher frequency of sales announcements from here out.
I posted this link a few months ago and not one person commented. Well worth reading the entire study if you are long term.
http://www.nap.edu/openbook.php?record_id=10996&page=29
If anything it shows how long the industry has been looking for an MS interface for screening. It's nearly ten years old, we were around back then, but clearly unable to postion our technology in front of the decision makers. That has now changed, and why when you hear Implant referring to their patented products as " the next generation of ETD technology", is because it is. Know what you own..
If that's the case(and I fully agree) why take $7-10 a share?. DMRJ has been very favorable in restructuring the debt, and Glenn hinted in march when it's round six that it would be "better than very good" They are not Vinnie from down the block wanting their vig every Tuesday. Why kill the goose?. They were the only company to step in back in 08 are now smelling like a rose going fwd. This story dies in 2009 without them, period.
To my knowledge there are less than 3k shareholders. Still well under all radar, and an OTC to boot. Many will not touch pennys, but will gladly pay 5X current with improved financials on a big board. So be it. We are pioneers here, high risk investors swinging for the fences. I think by the end of the year the pic here will be much brighter relative to SP, but the real appreciation is still 12-18 months out. I know that a few here squirm at that notion, but it's realistic. LTA
Nice summarization. Couple things that really stuck in my mind- D. Jones stating they have the ability to produce 200 B220's a month, and that in his experience that had never been done before.Considering his depth in the sector that's a pretty strong statement for a company this size.. Quick math on that is 72M a year not including any 150 orders, or service contracts.
The second, and more thought provoking was Glenn mentioning potential multi years contracts in the pipe..
I think a lot of folks are settling for 5-10 because of the countless delays, and as a result are losing sight of the big picture.. This is a very small and nimble company that can transition MUCH quicker than their bloated conterparts,and it's being evidenced by the competitions inability to adapt to TSA mandates and lack of approved product(s). Having the best of breed tech and the ONLY approved tech is not a bad postion to be in going fwd. With their IP and infrastructure/global sales pipe in place personally I feel it's a 2B market cap by spring 2015
Nice company they are attending with. I would rather see them partner with some of them than get purchased. Don't know bout you but 5-10 is not my exit point, and hopefully not theirs. Luck to us all tomorrow and beyond..
Agree 100%, Diversity & consistency in orders. Revs from service contracts will be sizeable if they continue to grow globally.
Let's compromise our non disclosure agreements,leak SSI,risk breaking all contracts to placate a few shareholders that think we are still b.s.ing them..especially now that we are working directly with the gub mint. Makes perfect sense!
"Float matters some, particularly how quickly the SP can move"
Agreed,I was addressing only that dynamic- not a valuation of the company to a potential buyer. I still contend on the consistent right news, this company's SP ascent over the next few months will be quite impressive.
The float is 56m, not the 200M fully diluted figure the contrarians use to cast doubt. That float will rapidly shrink on the right catalysts, that hasn't changed in the last three years. I have been here on 10M Share days,there will be a few of those in the next few months IMO.
Even the unhappy aren't selling and moving on- that's even more of a testament than the LT investors conviction.
Fairly certain of that, just not sure what the timeline to declare would be.
More like they were seeing declining sales and the end of an era at their former employer(s) Companies that entice talent away from others have to have solid sales to make the options worthwhile..well we know that ain't the case here so what do you think it might be?. This will be plug and play- just introduce SA contacts/clients to the new gen tech.
Thanks Pulp, completely agree a lot of hedging now but upon the first slap handed down it will create a domino effect. Next six months or so..
Very entertaining, but I would venture most here are up 75% as opposed to down. A scant few bought this at 1.80 but of course you glass over the fact it was @ .35 as long as it was at this level in the last three + years. It's a high beta stock- there are a few here that want safety and an eight bagger, six months after buying in. Seems reasonable right? especially on an OTC. To look at the past of this company to gauge the future is going to sting quite a few, everyone gets what they want.
I heard Bernie Madoff's funds were yielding 10%..
"and this unmaterialised pipeline of Dr.Jones were factors in creating this scenario"
They have a pipe line, that's why they are outsourcing the 150 and have expanded their facilty capacity by 2 1/2 times. I'm sure you are up at least 50%, go find a fund mgr that can get you that kind of ROI. Psst, they have no control over The SP. Shareholders whine about either silence or fluff PR's, SSI and NDA's preclude them from releasing anything else until when and IF the client allows them to. Your just going to have to trust your instinct,and or wait for earnings which should not be hard if your playing on the houses money at this point.
"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" -Jesse Livermore
Good one! It's always such a lesson in sociology on these boards, the bashers do have an effect on some that's why they are here.
I opt for lead media at this time, it gets the company in the spot light and allows people to perform DD and get in before the bell sounds. We are in a state of dormancy,no new blood since Jan. To see this up .07 after todays PR confirms it. We need some new strong longs to replace the clueless that will be bailing at slightly higher valuations. The SP has been incredibly stable considering the lack of substantive news, that's due to a great core of LT investors who obviously see where this companys headed. This has been a going on four year hold for me, they have made incredible strides in that time and while it has been frustrating, it is not going to change the results which look extremely encouraging with every PR.
GLTA
This would be a great time for high profile mainstream media coverage..
The same one's that were demanding TSA cert,are now harping on lack of sales. I'm sure the one today will not placate those same people. Hopefully even they will see the connection between the PR yesterday and today. I am very happy with the direction the company's headed, because I am a LONG TERM INVESTOR.
"that's why I said I think TSA will even wait for IMSC to wrap up all testing"
Exactly. IMO that's why they have missed all the timelines. Hardest part was getting in the front door. Now that they've been in for awhile,i'm betting TSA is re defining the sector standards in conjunction with Implants patented tech,hence delays.
Next generation technology, not limited to handheld/benchtop, think portals.
Here's a great interview from GSN with Glenn
http://www.gsnmagazine.com/node/30622
A couple key quotes-
“Completion of this phase of the qualification process is the single greatest achievement in this company's history. This marks us as the only company to have ever passed IT&E for the ETD checkpoint qualification using IMS with a non-radioactive source."
"If and when TSA approves the Implant Sciences device for use in passenger screening, it could open a huge domestic market for the company, said Bolduc. “It’s in the hundreds of millions of dollars”
Don't know about you, but I have no problem waiting patiently until they get through the hoops, and could care less about short term fluctuations.With a 55M share float, on the right catalyst, it's not going to stay at $1.
A fat TSA contract would give them instant recognition. They can change the name to anything they want when it gets back on NAZ.