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Here's my take on the CC:
Recent Developments:
# IDIQ for 162 million
# Approval/Qualification by ECAC and TSA
# Working with DHS on furthering tech with 2 million dollar grant
Earnings:
# Booked about 3 million in sales, but shipped only about 1.8 million
# 6 million dollar loss for the quarter
Comments RE recent TSA contract:
# Provided instant credibility and visibility for the company
# 21 million dollar published amount not indicative of recent order, Glenn not sure what that number represents, actual order is "materially higher."
# Profit margin is about 50%
# Should fill order by 10/2015, linear schedule
# IDIQ sent to end on 11/15, but "with options" which means that it can be extended.
# No knowledge that Morpho or Smiths got any of the business
On Future Sales
# Strong pipeline in Europe, South America, and Middle East; Europe now with deadline for ETD incorporation
# Domestically - Department of State, DoD all with needs; also increased security needs for soft targets
# Air Cargo - Dr. Jones states that the story has not yet ended, still opportunities, no further specifics
Other
# Dr. McGann confident in manufacturing capabilities, can add shifts as needed to increase output
# Suppliers are ready for increased production
# Regarding debt issue, no real color commentary, simply to say that the company is trying to prevent further dilution and is always on the lookout for better financing options
# Company is putting together some event on Monday for marketing purposes
Anyone else have anything else to add?
GLTA,
KB
alright, maybe i am asking too much.
anything alarming.
what was the most encouraging point.
anything about sales in the short term.
KB
Missed the call.
Can someone summarize the CC.
Good and bad.
Thanks.
KB
That can represent the entire order? Maybe only 1 component? At that amount, they would be selling the b220a at half price!
what do you make of it.
before the close.
they are likely confident.
would be great if something came out before the call.
GLTA,
KB
any guesses as to price action tomorrow and do you think that Veterans Day a holiday had anything to do with today's action?
No need to hope...Glenn has stated this...although one can criticize him for timeline...he has generally delivered...the risk in the stock went down dramatically today...time to sit back and enjoy the ride!!!
The other arms of us government were waiting on this idiq...should come about very soon :)
Old news
Looks like a total 62 units.
For us, it would have been about 2.5 million.
Would have been nice.
Would agree for daryl jones to step down. he sucks.
GLTA,
KB
DD, You make a good point.
Nowak, must be different than in the states, where tsa is not a "suggestion."
GLTA,
KB
Interesting.
The itemiser did not pass the CEP of ECAC.
Wonder if that is just not required as grounds for purchase.
GLTA,
KB
quick question? --
1. where in the solicitation does it say for deployment in 2015.
2. if they want to deploy in jan, when do they have to order by.
Any educated opinions would be appreciated.
KB
Is the stock halted?
except they don't do etd.
GLTA,
KB
Attempts to scare new investors both unethical and disgusting
Kb
Like information regarding their pipeline.
Any information regarding RFI and the status of current contract negotiations.
Information regarding technologies and future products.
Obviously if they got to a point of obtaining a financier who is serious there would be a confidentiality clause and adherence to SEC rules.
Giving someone 20 million on their word would make one an idiot.
GLTA,
KB
I am sure the financier got more than just a "verbal approval" before they provided 20 million dollars.
Where your brand of logic comes from I have no idea.
GLTA,
KB
I see where this would come from.
It's as if someone said that the prevelance of lightning strikes is low and not worth talking about...and then you said tell that to the family whose son was hit by lightning.
There has been a total of 5 cases out of a population of greater than 300 million.
Of that 3 included 2 doctors and social worker that was in Africa.
1 case in texas and 1 case of the nurse that was treating him with improper protective wear.
This is not a national security issue...don't allow people from west africa into the country until the epidemic is resolved...don't understand why that is so hard to understand.
KB
With ebola, there is not much to talk about.
It's a viral infection that is transmitted through body fluids.
You can't defend against it.
If the US was smart, it would not allow anyone from the infected areas to come in the country until the acute epidemic is controlled.
Its prevelance is way overblown.
GLTA,
KB
Equally important is that the TSa/dhs is following some timeline!
I rec putting him on ignore.
None of this price action will matter by the end of the month.
BAA from TSa, TSa order, orders from different arms of us government and then sales from ecac certification...all in short order.
Price went up because some did not want to be caught with their pants down next week after a long weekend!
Glta,
Kb
Next week is going to be a big one...at the very least we will find out about the TSa BAA on the 15th!
All investments come with risk...you either believe or you don't...on the road and some of the airports have really really old etd equipment...will likely need to be replaced soon...a lot of the big money can't trade on this exchange.
Glta
Kb
The stock price will likely hang around 1.15 to 1.25 until substancial news hits, small sales will move it up towards 1.40 region, large TSA order should have this baby above 2.20 (of course depending on the size of the order).
GLTA,
KB
B9 and Nowak,
Why not just call glenn and get these things out in the open.
Let us know.
KB
Is anyone else concerned with the Ion 600?
Glenn didn't even mention it.
GLTA,
KB
E,
Why do you say that. I looked at the specs and they look pretty good, what is our advantage? Honest question.
GLTA,
KB
I think he means today.
Who cares about last year.
GLTA,
KB
Guess we will find out soon.
Sleep well.
GLTA,
KB
Once again, I would disagree.
Investors are foward looking.
Losses are expected.
Glenn stated that he believes that an order this governmental fiscal year is still possible, he has always been honest when it is not possible.
I don't think the long term plan of TSA is for 150 units.
That IDIQ is coming and it's going to be big.
In any case I see the IDIQ being signed and announced to be followed by a buy out from an american company.
Sleeping very well, monday will be exciting.
GLTA,
KB
They were debating between monday and tuesday.
I wonder why that is, it's not because the accounting wasn't done.
GLTA,
KB
Buff, have you spoken to glenn yourself or just too busy spewing nonsense and fear. Spoke to him last week. No need to have an investors CC right before the regular conference call. An announcement is coming, likely by the conference call, but if not soon afterwards...it's coming...tick...tick...tick.
GLTA,
KB
expecting an announcement before the CC on monday or tuesday.
GLTA,
KB
It will not be apocalyptic...we are safer today than ever before...when you say "let me be blunt..." That should not be a "guess"...regardless I am taking this to the end and will go down with it if I have to!
I have been with this stock for a while now.
This drop in the price is nothing new.
It is safer today to invest in this company than ever before.
It remains very frustrating and our CEO, although doing a good job moving the company foward, is self admittedly horrible at giving timelines, why he continues to do this is beyond my comprehension.
My guess is that the CC will be encouraging, but until we get the big sale to allay fears regarding the debt, you can expect the usual price manipulation and volatility.
GLTA,
KB
You see, that is the problem. If Glenn hadn't cried wolf so many times, it would be more manageable, but since he has, investors don't know what to make of it. This goes back to the many times i have complained about how he handles investor expectations.
GLTA,
KB
Please refer to last conference call 31:10.
The question is if it would be reasonable to assume that the govt would put in 1-2 large orders.
His answer at 34:00.
"We believe that there is a selling, buying opportunity by 9/30."
GLTA,
KB
BTW...i don't need to depend on hope on this one...and nothing ALWAYS happens...you should know better than that, life is never guaranteed.
KB
Spoke to glenn recently.
You never know when, but it's coming.
These price fluctuations are no more than a chance to buy more.
This thing will kick your ass...you are playing with fire.
Don't say you were not warned when it happens.
GLTA,
KB