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Europe hash date to purchase etd by 9/2015...time on our side. Imsc top choice of tsa and Europe wants to integrate...looking good
Thanks entendance...looks like a huge advantage for implant being the only machine used by TSa and with dual ecac approval...2nd and 3 rd quarter should be fun!
Wild ass guess indeed!!!
100 days? ...might take a little longer
Also TSa already gave imsc the nod and Europe wants an integrated system!!!
Next 6 months will be telling...if still negative, then I'm out :)
You can always sign a contract "pending" result of the protest...Glenn and company don't have that much time...the details of a deal should be hashed out well before March and if we don't know exactly how long this process is going to take to resolve, if lenders really want a piece of imsc they would be first to the table to do that.
Why does a resolution of the protest have to precede a refi? The company has refinanced with nothing in the past including a 20 million dollar loan!
It remains a gamble even for those you came in early as technically the company can go under without the right financing...management did what it had to do to get to this point. Is it good that we have those dmrj coverts- of course not...doing your due diligence should make you realize that this company is a lot less risky today compared to 2 months ago. Dmrj, management know they have a winner on hand and will work something out to benefit from it...ie a higher stock price...we will just tag along. If you don't believe that, it's time to sell all your shares...it's as simple as that!
If that is how you feel, you should not be here invested in this company. This should be an educated risk...if it's more than you can tolerate or if you don't believe in the company's prospects, then it's time to leave...no one is holding a gun to your head, right?
Not knowing the biggest event in company history does not give you much credibility. Just my opinion. Glenn stated that the 21 million is not correct, yet many here try to harp on that...this will all play out, but all I know is the company is headed in the right direction and the stock price will eventually follow.
If you don't know that the company had an order for 1170 units...you shouldn't be commenting on much
If you don't know that the company had an order for 1170 units...you shouldn't be commenting on much
Nick, this fear mongering would be more effective about 1 year ago. That 162 million idiq and the 2 cradas are not wishy washy...they are the beginning of what will allow Glenn to use shorts to wipe his ass...as a short you better hope that a buy out or refinance is not announce soon because there won't be a chance to cover...sleep well ;)
I am glad the company did not put out a PR for attending trade shows like transec 2014. I am also glad that the company is not responding to the lawsuit PR.
Frustrated just like everyone else.
GLTA,
KB
HC,
Take a deep breath.
At these levels it is a buying opportunity. If it does go below 1 dollar, I would recommend that you buy more
There will be a day when management comes with a financial deal that will allow for the company to move foward without financial contrainsts...very soon. At that time the buying opportunity will disappear.
TSA has already given the company a GREEN LIGHT, I am sure they did not do this lightly...the stock price will reflect tsa confidence soon enough.
Listening to you whine every cent that stock goes down is as enjoyable as going to get a root canal.
GLTA,
KB
Is this based on rumor, a hunch, a personal deduction?
Or is this a WAG?
Not being patronizing, just want to know where this is coming from?
KB
Hey Richard,
Was wondering if you are still thinking Nasdaq by the end of the year?
The hardest part is done...the company is in it's healthiest state with a 162 million contract in hand...morpho would not have protested if they got a piece of the pie...the debt of 70 million is bad, but not fatal...they have more leverage than at any time in company history...I am as frustrated as anyone here and I don't believe that shareholders' well being is not on Glenn's list of concerns, but we will all rise with company success even if Glenn doesn't care...you know at minimum Glenn and company of wants the price at 1.40 for the options to kick in...we will get better financing terms AND the orders will come in as Glenn has promised...the guy might be terrible at timelines, but to be fair he has delivered on his promises...eventually.
Kb
anyone with an idea of when a contract is set after all tenders are accepted...is it weeks, months?
GLTA,
KB
Just for kicks,
what would you hope for in the new financing deal and where do you think the stock price will be afterwards.
GLTA,
KB
I think that there is a component of fear mongering.
That said, this company has been setting higher lows which is a good sign.
With each obstacle they conquer that low continues to move up.
I do think that they are likely in the process of shoring up their finances and/or selling the company.
The 10K shows that most of the options given to management are in the 1.40 range. They did not work this hard for this long to excercise their options at that level or anywhere close...so to be honest a buy out at $3 would be on the low side. I would think that the premium paid on the company is not just current and future orders (TSA, EU, CATSA), but more so the IP to integrate into other companies' existing technology.
If I were L3 or Rapiscan, why wouldn't I want the upperhand dealing with TSA by integrating the gold standard ETD into my existing technology...to me that is a no-brainer. Would not at all be surprised if an acquistion is announced in the near future, preferably to an american company.
glta,
KB
I am sure the legal and business types can figure out those specifics and if a company is chomping at the bits to acquire the technology they will. Was reading the 10K and how the company is moving towards non-contact portal technology...this can be a game changer if it can be integrated into EDS.
Fully diluted, one can argue that the company is fairly valued, although given its potential future orders and IP I think it is grossly undervalued. Good luck to all.
KB
I think that everything that needs to be said has been said...awaiting more orders and refinancing at this point...we've waited this long...no time to give up now
TSA already has chosen implant sciences...would not be too worried about the technology...morpho and smith is done in the etd realm...would like to see another American company acquire implant and integrate it's technology into eds and really give the competition something to deal with
North,
I just reviewed the website and I see that there are numerous "orders" with the exact same format of 400K of orders and 0 dollars obligated.
Anyone with any idea what that means?
GLTA,
KB
Glenn and company have options convertible at 1.40...they will find a way to get it at least that high :)
That's great.
Wonder who the the entity is?
Looks like the contract is for $400,000.
Not bad given that they just had another recent $400,000 contract; don't think it's the same transaction given the date.
Thanks for letting us know.
GLTA,
KB
Not late, just saved the best for last.
GLTA,
KB
Actually it is old technology and both MORPHO and SMITH ATTEMPTED TO GET EU/ECAC certification and FAILED!!! That's why Glenn emphasized that IMSC QS 220 is the ONLY ETD to satisfy both EU/ECAC and TSA requirements! Believe whatever you want, the ETD game OVER.
Happy Thanksgiving.
GLTA,
KB
Morpho and Smiths already went through the EU/ECAC certification process and failed...not really gonna matter if it is radioactive or not...their platform is old technology...IMSC is the ONLY ECAC and TSA approved technology...game is over, that is why morpho is throwing their tantrum.
BTW...neither mention drug detection.
IMSC with approved technology, cheaper maintenance cost, and drug detection capabilities, which one would you pick?
GLTA,
KB
Just listened to the CC.
Glenn responded to the question about debt.
Finally getting calls from financiers after tsa order.
Plan to pay with profits.
Plan to have another stock offering when stock price is higher.
Hope that we get a different finance deal soon and get an stock offering when stock price is 3 dollars or higher.
GLTA,
KB
The doom and gloom on this message board has gotten out of hand.
Just had a chance to finally watch the monday presentation.
Not that bad...don't believe that it really helped the company, but don't think it hurt the company in any way either.
If the company continues getting contracts, their leverage will increase accordingly to get refinancing...going bankrupt is a lose-lose situation for all. I think that at worst case scenario, DMRJ will leave some chips on the table to hit a home run.
GLTA,
KB
You have a point, but it appears that the government is depending on IMSC to replace their entire fleet of ETDs.
IMSC has already taken care of the hard part which is the IP and building the technology.
If you have revenue of 162 million in the next 2-3 years and high potential for other business, one would think that getting financing at 5-10% would not be that hard.
Just my opinion.
KB
I actually find it encouraging that they did not post that we won the GSN award.
The company has moved on to bigger and better things.
Get the financials straigtened out and a couple more orders and we will be on our way.
We are in MUCH better shape than just 2 weeks ago. Do you think that TSA would sign a 162 million contract and a CRADA with a company they don't think will be around.
Glenn and co must have something in their back pocket.
Happy Thanksgiving to all.
KB
Look now :)
DD,
Why wouldn't they convert?
Unless they felt that the stock is worth less than 1.18, their conversion price.
It would seem to me that that would be a done deal, no?
As for management, unless the stock becomes more than 1.40, a lot of their hard work is for not.
KB
DD,
What do you mean that at DMRJ's options.
If i remember correctly, don't they have options at 1.18?
Does that mean that there would have to be retail investors that purchase at that price or can they just automatically convert?
What do you mean that nothing is guaranteed?
Sorry, if you could explain to a novice.
Finally, Glenn sounded pretty confident when he said financiers all "want to talk" at this point...possible deal in the works?
GLTA,
KB
DD,
A quick question, with the 5.5 million in convertable debt, is that conversion into common stock guaranteed or can implant pay that off without further dilution?
Thanks in advance.
KB
Mas, please cite the article.
This fiscal year 2015 should be a banner year.
You haven't even taken into account the other short term orders on their way.
According to Glenn the other arms of american government were just waiting on tsa, don't forget CATSA.
Air cargo is still not yet dead, should see an uptick in that from the previous groundwork and now with TSA.
You can try to scare people all you want and do them a dis-service, but this stock will either be bought out or grow with a stock price that will eventually reflect that.
GLTA,
KB
Wrong!!! 1170 units equal to $50000000
If Glenn can pull us from the ashes...he can handle this debt issue!!! We already have financing companies lining up...something will come up...bankruptcy is off the table with a minimum 40-50 million dollar order and more to come...bunch of shorties trying to scare off the masses...patience will pay off
Glta
Kb
Days like this are difficult.
Somewhat of an enigma to me.
The company is on the most solid footing ever.
A 40-50 million dollar contract signed.
Another 110-120 million on IDIQ.
According to Glenn, more contracts on the way.
A new handheld.
Why wouldn't DMRJ wait for higher prices to convert?
Regardless, agree that Glenn has to address the debt situation much better.
I was invested when this stock was 75 cents without any of the above,1.32 is not where I expect it to be at this time, but the company is better than it ever has been, so i am in it for the long haul.
GLTA and here's to more contracts on their way.
KB