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I agree Red just lack of support low volume and disinterest. Some news regarding the Argus etc would help. Also more clarity on Drone Aviation and whether the stock is transferring to the holding company.
I doubt the company plans to go out of business nonotme. GTC and the Argus development and build out is their immediate focus as well as most probably debt reduction. They also still believe in the value of the BIB/Wasp to gain net asset strength going forward. Just a general lack of clarity until more communication is available.
Actually their opinion at this time may carry not much weight at all until new modifications are added and other patents are applied for... But thanks for you lively opinion... Am sure there are solutions should the Argus be in demand... Again thanks for your weight and worries.
Exactly Pagan this is risky's little attempt to pass the bar on something that has long since been proven erroneous. GTC does business with the government and would have no issue having Argus contracts happen through that entity.
Wouldn't you doubt that Indy could comment on the patent and new patent potentiality of the Argus Coasti? Since he has an ongoing NDA regarding the Argus? Seems rather logical no?
A lot still depends on sales of BIBs and Wasps Trunk.. I suspect the share price will not be in the dumps long should those occur. As INDY indicated we are likely to see a publicly traded stock in the near future from Drone Aviation. I think also management needs to relate more candidly its efforts regarding GTC as inroads have been made to increase monthly net revenues. Indy seems positive regarding the Argus however it is time to know more about its prospects and development.
This group also purchased shares at .007 which I doubt they intend to take a bath with so it may be an indication todays price is low. In any case we need more clarity.
Yes on the surface the deal reeks of incompetency. No provisions for maintaining our percentage even for a minimal time period, no royalties, no agreements or understandings of other product mixes or evolution, no IPO strategy nothing. Just some blind trust on the part of our CEO that shares may be worth a positive asset value for our company and therefore shareholders.
I agree with your assessment in general and do think another hire for BIB training and NIE reports including contracts to date of other relevant equipment along with baseline designation for the WASP indicate sales of substance are likely and sooner rather than later.
Naturally if we are right in those assumptions something smells extremely fishy!
Ha no kidding actually Glenn has put almost his entire salary and then some into the company in the last four years. That is one thing he can't be accused of and secondly we don't know yet what he sold the BIB program for as the shares and company are yet to evolve.
And we would care if our basher steeped in defamation is tired? Oh please
Of course let us accept that whatever modifications the consortium has undertaken and some have indicated there are quite a few with novel aspects, will likely result in new patent applications as this journey unfolds. Am sure they will attempt to protect their intellectual property. Will be interesting to watch.
We really don't know what would have stabilized the company. I do agree that even a 2-4 unit sale that was in the pipeline and likely to find procurement could be potential basis for a lawsuit. However we really don't know how in arrears LTA was in its payroll and other obligations. These are all good questions we just have a difficult time evaluating them. Until we see contracts it is hard to speculate.
On the surface from what I believe likely revenues will be this deal seems inadequate. Yet I know that my assumptions can be wrong so I think we have to wait and see. I think if contracts were likely and in solid amounts this deal stinks. I like Rattle's spin off much better. Again we just don't know yet.
Well of course but another company can work the other way too. Added products can yield added revenues. A company that has the ability to pay its overhead and market its products can benefit from much more revenue production than a company that has no money to market. We simply don't know how this will unfold, speculation is all we have, to buy only the most negative prospect is to disregard the motivations as anything but devious.
We have to stay vigilant but we can't completely overlook the potential of positive outcomes. I would imagine the 10 million shares had a purpose as it was sold as such of a possibly appreciating asset was it not?
There is no way of knowing outcomes safe to say that inability to pay payroll and expenses prior to contracts could have led to even more dire consequence.
Keep vigilant insighter that is good imo if contracts evolve quickly and we have no or limited appreciation that is a great basis for lawsuit and potential remedy. I will say that if the intention is to go public in a new entity I find the communication of the sale and intent appalling. Of course I find communication from the company to shareholders generally very poor.
So I don't overlook that possibility either. I am not happy with GE's overall performance either in fact if share price is a measure he has been a disaster. However we are alive and need to see if there is any silver lining to this sale and build out of the current company.
Agreed Trunk I can only speculate on all his motivations but I don't believe GE has purposefully tried to injure shareholders. As more comes to light we will know and can act accordingly but I've had a high opinion of his character.
Just conjecture but thinking too that by the time of contracts for the Bib/Wasp which most of us believe are near we are likely to have a Drone aviation stock we can track for value. 10 million shares is only 29% but without legacy issues and a clean company with much smaller float could get to a decent valuation depending on size of contracts and other products in their company.
Still waiting to see but GTC growth is real and the Argus is very much alive with debt reduction small overhead and adding a sales force finally for GTC in North America this company may have a successful future. Valuation of the 10 million shares is key going forward as well IMO
Hilarious, I think Indy has a little better idea of the potential of the Argus given his credentials but thanks for your opinion.
Funny isn't it Pagan, most of our concerns run the opposite of Jet? We simply have no idea what we truly got for this LTA sale and it is concerning indeed because it is clear the Army does want the BIB/WASP. We know we got little cash and DAC is an enigma. That veil needs to be lifted.
They would lose their entire option portfolio which is the crux of their salaries for the last years? Doubtful IMO GTC produces revenues they have capital to continue pursue debt reduction etc and have a potential tangible asset in DAC as it unfolds that can create shareholder value as well as funding alternatives?
Why file?
They must see growth and potential with GTC and likewise the Argus?
Of course additionally a bankruptcy judge would likely reverse the sale of LTA to protect creditors and likewise would not let GTC contracts go back to GTC UK.
Really such ridiculous posturing between the two of you. To say this was a realistic likelihood is simply inadequate yet to say it was a completely impossible remedy to their financial situation is just as inadequate.
The potential litigation going forward will likely be decide on what types of near term contracts evolve that were likely known to be happening. That part is quite simple. Likewise there will need be more understanding of what DAC represents and their plans going forward to know any value of the sale. Obviously GE has had those discussions and of course much would come out in depositions and interrogatories should this move to litigation. To me that is premature but I agree with Rattle there are fishy elements to the timing and motivations for this sale and lack of clarity is obvious as no one knows anything regarding the DAC concern. We simply don't have enough answers to decide that course of action but it is certainly a potential.
Well let us hope so Indy, GE has left a path of shareholder destruction as his legacy thus far. He has a ton to prove.
They have been scrambling for money many places for a long time I can attest to that, as others here can. I would actually give GTC and David more kudos for survival at this point based on productivity. Unless of course the BIB/Wasp took off which was GE's entire effort the last couple of years. I believe he ignored GTC and tossed the Argus to mothballs until Indy resurrected it. All IMO
Thanks Insighter I believe that they are likely as well. We shall see. If so the whole game changes!
If that happens then litigation is relatively straight forward even possible injunctive relief. I would not think they would be that bold? If you are right that will certainly be apparent soon. I think we need to be vigilant but also aware we may not have all the facts good or bad.
Right so many unknowns regarding DAC their plan going forward and truly how near any substantial contracts are for LTA. Agreed Laudenberg Thalman could be very valuable we just truly need some clarity. The share price has been a horror story with LTA under our wings so who knows now? In any case can't operate on fumes and LTA was certainly under that gun IMO... If contracts come quickly my thinking certainly changes but as of now we need a wait and see posture IMO
Yes I think the original George V Eastcor design was scapped after Dan and military concept. I am well aware that LTA and Kevin designed the system and actually had similar competing product originally. Agreed anyone thinking Indy has some sinister motive is very much mistaken. Ha that is worth a laugh.
Actually the BIB originally was a concept of Dans then prototype of Eastcor which was scrapped then newly developed and engineered by Hess as I understand it. So LTA is responsible for final product. Is that how you understand it bank?
Great logic Rattle, agreed this methodology on the surface stinks like rotten fish. If GE is who he purports to be in finance and experience there is really no excuse only motive. I am open however to discovering the facts.
And just what did they get Ren? Enlighten us with what DAC will be worth? No one knows what they got including you.
yes our share price seems nestled in hope for the Argus and development, GTC growth and sales generating net revenues and most importantly the value of that curtain burdened 10 million shares which is really all we received other than 300 odd K for two years of efforts in LTA. This cloudy asset in a company that is private but obviously won't be is a huge key to our share price going forward. Talk about lack of clarity!
Ha excellent Trunk! Yes he was the best..
I agree we need to assemble all the facts, contracts etc that emanate, how the new stock is planned and collect data. On the surface this smells fishy we will soon know one way or the other. Many of us have seen strong indications that contracts are near on the other hand we know this company has been a quagmire of stock price decline legacy issues, limited revenues and an acquisition of LTA that even limited them more in paying expenses. Yet LTA has been the bread and butter of potential too. Interesting and frustrating.
I do believe GTC has contributed far more in the last months to keeping the company alive through net revenues so that is a growing concern in my estimation likewise I have some enthusiasm for Indy and group manning the Argus build out. Though that has been all too quiet.
That is the problem if we had a clue the worth of DAC and its potential this deal might not be looked at with total skepticism and negativity. Regardless long waiting shareholders are told to constantly be patient with every new cloudy arrangement. Unfortunately nothing this CEO has done has translated to a better share price so we deserve to be skeptical.
Thanks yes looks like two different entities.
IMO It looks like he is trying and succeeding in stealing LTA finally on the precipice of viable contracts for a song. Thanks GE
I'm sure we could get to that threshold quickly BE by putting a group of us together? It may be worth exploring?
On the surface knowing nothing of DAC other than its a newly formed shell it appears inevitable that should contracts of substance start as we expect from NIE, lawsuits will fly as well!
GE may have lots of explaining in deposition to do IMO
No its not its drone aviation corp
Indeed Harris comes to mind, the fact that contracts are generating here through NIE the likely reliance on the Wasp bodes very promosing IMO... Great find Insighter and good reminder Ren... Things are looking UP!
Thanks Be, I hope management makes a mint through incentives and awards due to procurement of solid contracts and enhanced revenues which will reflect as well in the share price. In the meantime I would like to see a vigilant and responsible BOD help guide this company in such direction.
A couple hundred million shares of voting may not swing the tide but certainly indicates our opinions.