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September 15 interview with Franky Zapata: https://www.yahoo.com/news/franky-zapatas-extreme-watersports-let-fly-above-water-102652915.html
The video posted on Pro Watercroas Facebook page has 43Kviews,
Meanwhile a new video got posted on YouTube overnight at
Video of Franky flying today at https://www.facebook.com/ProWatercross/videos/10154566672494510/
A second video at https://www.facebook.com/ProWatercross/videos/10154566726314510/
Picture of Franky Zapata being interviewed today by CBS Sports at https://www.facebook.com/ProWatercross/posts/10154565637959510:0
Now the video is showing the competition from 10 am to 2:45 pm when the lightning delay started. Perhaps the rest of the day's events were postponed until tomorrow?
UPDATE: The YouTube link is showing the recorded video earlier today but the competition is continuing and live video is on Facebook at https://m.facebook.com/story.php?story_fbid=10154566313514510&id=155349789509 .
They just announced that the demo of the Flyboard Air is still on for this evening right after today's competition events end,
Someone just sold 112 shares after the 16K share purchase to bring it back down to 0.34. The games continue...
Great to hear your point of view and glad to see you are optimistic!
Let's see what happens after Franky demos the Fkyboard Air twice this coming weekend, Sponsors may be anxious to sign up after the first demo in the US.
Could you point me to where he said he would have the sit down version in a few months? I cannot seem to find that. I found places where he says that would be the next version and easier to fly but no real timeframe given. On the water Flyboard series he seems to have come out with something new every year since the first one in 2012.
It seems the first demo of the Flyboard was in December 2011. By the time of the 2012 Flyboard Championships 50 athletes from 20 countries competed. Seems like it got introduced in time for the first Flyboard championship to occur in September 2012, 9 months later. Those 50 flyboarders had to be using it for some time before that. http://www.flyboardcy.com/flyboard-world-cup.html . This article says he started to develop the Flyboard in Spring 2011: http://flylakeaustin.com/index.php?option=com_content&view=article&id=247&Itemid=175
"We have all talked this down into the mud".
Correction: Not all of us. But good strategy to do that to pick up some cheap shares. Talk it down, threaten lawsuits to instill fear and panic selling and then buy right before you know lots of eyes are going to see the Flyoard Air demoed next weekend.
How about threat of lawsuits causing panic, fear, and selling? That had to contribute to what happened this morning, the discussion yesterday on here about lawsuits. Class action lawsuits just make the lawyers rich. Alpng with allegations made that TSA and Homeland Security raised concerns about IMSC, even though no proof to back up those statements has been shown.
I wouldn't hold my breath for proof of that, just like when it was alleged insiders were dumping shares of IMSC right after option grants. There was no proof of that found either as there would have been SEC filings if that had been done and there were none. Some things posted as facts here just aren't true and no evidence is ever posted to back those allegations up. Yes it is true about the investigations against Platinum, however this idea being floated as fact about TSA and Homeland Security having concerns about IMSC does not seem to be based on any facts.
I saw it and others did as well as I got an e-mail from a friend who saw it and thought the deal was consummated. The misinformation was there all day yesterday on yahoo. It got fixed overnight as last I looked late last night it was still showing the incorrect info. It really did say Zapata Industries SAS instead of Implant Sciences if you went to yahoo and typed in IMSC for the ticker symbol.
Are you suggesting IMSC would have issued a PR about this if it didn't even happen?
What was there to gain by someone changing the company name on yahoo? Someone went to some trouble to do it. Was it intended to sow more distrust by making shareholders think the deal with Zapata was already done without shareholder approval? Maybe the motive was to get people to dump shares and bring had share price down further.
Sounds like a good clue that the Flyboard Air will be flown there!
I reached out to IMSC IR and they say they are looking into it but they say the info on yahoo is incorrect, no deal has been done, it would have to be put to a shareholder vote, etc. Hopefully they will get yahoo to fix this mistake soon.
I am hoping too something unexpected occurs that is different than all the analysis that has been done on here suggests. My cost basis is 70 cents so if it could achieve that I'd be happy at this point.
Isn't it odd that Yahoo now lists IMSC as "Zapata Industries SAS (IMSC)". Seems like jumping the gun a bit?
A very small amount and listed as "Gifts" which seems to mean not sold but gifted to someone else. Thanks for the link. Also SEC filings would still be there for any others but no search of SEC filings turns them up. I will believe SEC filings (or lack of them) over anything that supposedly used to be there on yahoo.
There hasn't been any filings for the alleged selling of vested options. How do you explain that?
I never saw anything either that options granted were exercised and sold. There should be a filing if that were the case. I am wondering why that is reported as a fact when there is no proof it happened.
I would like to get back to even too, and keep holding out hope that the Florida event will have a lot of media exposure and there will be high volume like there was at the end of July and push up the share price. I think Zapata and IMSC know that the share price needs to be a lot higher than it currently is for any shareholder vote to go the way they want and am hopeful they are planning a big media push for Florida.
The event is still 2 weeks away so unless the hurricane did major damage there I wouldn't think it would be postponed.
That is a good question. It would seem in that case the proceeds left over from paying off the debt should be distributed to the shareholders.
When there was a lot of publicity about the merger at the end of July it moved the share price to 50 cents. I would imagine the first time the Flyboard Air is flown in the US would be a big event and get a lot of coverage. In any event it seems they have to do something about the share price if they want the shareholders to approve the deal. Franky did say he was going to demo it in the US in 4-6 weeks (when he spoke on the CC in early August) and it seems like he knows how to get media coverage and any video should get a lot of views on the internet.
I'm not sure how much technical analysis applies to IMSC when it hasn't seen much trading volume lately. But I am hoping the share price will rise going into the Flyboard World Cup due to the media interest and publicity and also anticipation of the upcoming earnings report and news about new TSA orders. Also IMSC has to make it more clear how this transaction is going to benefit shareholders, and at the current share price I can't see how shareholders will vote in favor of it. So I am hoping they will do something to address these concerns and that too will cause a rise in the share price.
This bodes well for the Flyboard Air being demoed at the Flyboard World Championship in Florida in September as it is the first time that has been held in the US.
Back in July, the first time the inaugural competition for the Flyboard Championship was held in Europe, Franky demoed the Flyboard Air during that event: http://www.zapata.com/press_releases/the-flyboard-world-championship-makes-its-debut-in-europe/
It would seem likely that for the first time the final events of the Championship are held in the US, Franky wouldn't miss the opportunity to demo the Flyboard Air, especially as it is being broadcast by CBS Sports.
Someone asked Franky on his FB page when the next demo of the Flyboard Air is but so far he hasn't replied: https://www.facebook.com/franky.zapata/posts/10153893779565748?pnref=story
Volume has been light lately so not sure recent trading means very much. I would think volume will increase as mid September approaches with earnings and also the Flyboard Championship. Hopefully the share price will move with the press coverage of the championship. I don't think any inferences can be made on future direction of the stock based on recent trading activity.
With all the legal problems Platinum Partners has, I cannot see how they would be allowed to own and run a business related to Homeland Security. So I am not seeing how this is possible.
I was wondering any thoughts on this statement by McGann on the CC about the proposed sale:
"And right now today, I'm telling you, we're going to have a great FY 2017 and we don’t have a great story on how we can reinvest those hard earned dollars. So we're trying to find ways to do that. If we end up selling the ETD business, it will be because it's the right thing to do for that business and the Board obviously would have to approve that and that process continues. Building a broader profile is one approach that has really never been looked at, not in my time anyway, and if this is successful, we could give our company the opportunity to actually do a capital raise and bring in new equity investors to help address the capital structure. "
It sounded to me that they might still be looking at an alternative to a sale of the ETD such as a capital raise?
Also tied into that what did he mean by this:
"Within the bigger we of Implant Sciences, this transaction gets culminated with the sale, that’s one thing, without a sale, we're still going forward. The point is is that we really want to build a new market around the Flyboard Air technology. So we have a good underpinning of a company that's great financials, great track record in terms of its growth. It's very good supply chain management, great manufacturing management that's based on Marseilles, France. "
How could they acquire Zapata without selling the ETD business or is this related to what he said as an alternative pursuing a capital raise to fund the Zapata deal and clean up the debt?
It seems to me Zapata is looking at the deal with IMSC to help facilitate entry into the US marketplace. I do not think they world have moved the championship to Florida if not for the LOI signed with IMSC. They even mentioned ithe LOI in the press release about the championship. It seems they hope to attract some new investors and hopefully get the share price to rise. They have to know that current investors are unhappy with the share price and the deal quite probably would be voted down unless the share price is much higher than it currently is.
Indeed, the company needs to answer a lot of the questions being raised here. It is obvious from the discussions here, that there is not much confidence that this sale is going to be executed in such a way as to benefit long term shareholders. The company needs to do more to reassure shareholders that this sale will benefit them.
What happens if a loan is declared fraudulent?
How would this affect the loans IMSC has with PP if they were declared fraudulent?
If this lawsuit would stop this internal sale from happening and get the shareholders a fair price for the ETD then I would be all for it.
That is interesting. However if they do not sell, how would they pay off Platinum and how would they be able to acquire Zapata?
What exactly is meant by the following:
"Again, the sale of the ETD will be orchestrated internally.
It will stay here."
Isn't the ETD going to be sold to another company? If it stays in IMSC how would that work?
Looks like Franky flew the Flyboard Air again on Sunday, he posted this brief video on his Facebook page at https://www.facebook.com/franky.zapata/posts/10153909848165748 . Someone in the comments asked if he was going to demo it at the Flyboard World Cup in Florida in September.
Regardless of sponsors, the CBS television coverage of the event could lead to big things, especially if Franky manages to demo the Flyboard Air during the event. The press release did mention that "There will be demonstrations of other Zapata hydro-flight products" although the Flyboard Air is not "hydro-flight". However, it seems to fit in the timeline Frankie said he planned to bring the Flyboard Air to the US and demo it.
That is interesting, however here's a resort in Vermont that offers Flyboarding activities, so they seem to believe it can be done safely: https://www.smuggs.com/pages/summer/activities/flyboarding.php
Yes, it started redirecting me to that spam site yesterday evening.
Sounds very good as in these two sections:
"Zapata's acquisition of the strongest patent portfolio in the field of hydro-flight, which now positions Zapata to serve as the exclusive manufacturer, importer and distributor of hydro-flight products in and throughout the United States."
With reference to the acquisition, Franky Zapata (Zapata's CEO) stated: "I am excited to announce the acquisition and consolidation of these patent rights. This transaction will unlock substantial sales in the United States which was previously unavailable to us. Zapata is also positioned to make significant advancements in a new range of proprietary and disruptive products, the first of which I look forward to unveiling in 2017."