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I never saw that specific announcement Pegs. All I saw was the alert that no awards would be announced during the two weeks from May 19th to June 3rd when their software upgrade was taking place. That has been completed. In late March, the company advised it would be several months before the NIH announcement would be made public. The Air Force announcement could come at any time now.
Potential Award Delays in May 2015
Thursday, April 9, 2015
The NIH's ability to issue competing and non-competing awards may be delayed for two weeks from May 19, 2015 until June 3, 2015 due to software upgrades to NIH accounting and business systems. Examples of activities that may be impacted include: issuance of awards; establishment or changes to Employer Identification Numbers; processing of No Cost Extensions; and processing of Fellowship activations. See NOT-OD-15-088 for additional information.
http://ir.3dicon.net/ceo-insights/detail/354/company-update-regarding-federal-funding-initiatives
We continue to make progress, albeit slower than desired, on all fronts. We previously reported submitting a proposal to the National Institutes of Health to interface CSpace with medical imaging systems. This proposal is still under review and we will not know the outcome for several months. This week we submitted a proposal to the Air Force to develop CSpace for use by cyber analysts. Award notification will not occur until early or mid-summer. In both cases we believe we presented compelling arguments for our approach, worked with globally recognized partners to enhance the likelihood of success not only during development but transition, and received the endorsement of large corporate end users.
The 10Q's and 10K's disagree with you!
The insider transactions you are referencing are for transactions on the open market. Insiders are required to file forms for those open market transactions, otherwise, shareholders would not know when they buy or sell on the open market.
Insiders have not sold any shares on open market either. Insiders have been investing in the company in the last couple years as I posted from the recent 10Q. They obtained better terms through these financing arrangements vs. buying shares on the open market. Only inept insiders would buy on the open market.
Not True Blue! Facts don't lie! There has been lots of insider buying/investment in the company in the last couple years!
NO Insider buying in 5 Years?
Chemist, the funding update in March (on the company web site) indicated NIH would not be announced for several months, which made that earlier expectation for June null and void. We won't hear funding news until the 3rd and/or 4th quarter of this year. IMO
TDCP NEEDS FUNDING!
I agree, I don't think they were approached by these companies either. 3DIcon has targeted different niche commercial markets and contacts. CSpace is not currently designed for the consumer 3D markets like the others "goggle" type technologies you have mentioned here. The company mentions gaming as a target market, but that would be quite a ways off IMO for them to pursue this market. CSpace is just not mature enough yet.
How do you know they were not approached by these companies? I am not saying they were, but please provide proof of the your so called statement of fact. There could be all kinds of reasons why the companies you mentioned focused on these other 3D technologies. Also, we don't know that 3DIcon even came up on their searches or that they even did a search for CSpace? Again, you speak as if this is all fact, but it sounds more like personal conjecture.
Last summer, Victor Keen hinted at the possibility of the company getting acquired. Maybe a big name company, like Schott Defense or another, is or was interested in buying out 3DIcon for their CSPace technology once it matures. Yes, this is conjecture on my part, but the CEO himself indicated it was a possibility.
Nice Post Big 12 BoomerSooner! Worthy of a sticky!
It will be fun to see how the market reacts to the funding news!
Shareholder letters were replaced with CEO Insights on the company web site under Investor News/Events. We have received 2 or 3 per month this calendar year.
I have emailed the company a few times asking for a funding status update. We will have to wait and see what we get.
Obviously, Schott and others were impressed enough with the technology to help 3DIcon pursue federal funding and image space materials for CSpace. Several of us here were impressed with the notion and vision of CSpace or we would not have invested in the stock.
I don't think a video is going to make that much difference. If that is clouded thinking in your mind, then so be it. It's my opinion and everybody has one of those. Good luck!
A video demonstrating CSpace was presented at SPIE and probably other 1 on 1 meetings, and that is good enough for me. I would rather see the new improved version after they get federal funding. The current video is not going to move the pps. Federal funding will, IMO.
No, the problem here is they need funding to build a better image space. Showing shareholders a video of a one inch cube is not going to help the share price.
We don't need new management, or shareholder letters as some think. We need to see federal funding, and not some video that will make shareholders all warm and fuzzy inside, when in the end will only make us wonder what the next version will look like...
The Defense Departments probably disagree with you, but we can agree to disagree. Also, there is not much to show until they get the new image space added. Federal funding is going to be used to pay Schott to develop it for this specific application.
Discussed by non-shareholders, but never proven! LOL
Oooohhhh, I am so scared. Wait for the registration and subsequent approval. That will be all the proof needed for non-shareholders. I will wait for the shares to be distributed to my account. EOM
They have already been down that path many times Count. Victor was the last one to step in and invest. That is why they had to issue him preferred shares. They had no other reasonable options at that time.
If they could find others like Vic to invest and give them preferred shares to keep the company on life support, that would be fine for awhile, but they need federal funding and partners to make CSpace better.
Good News... The shares have already been issued to the transfer agent waiting for approval for distribution.
It's not really about the competition, its more about the use of the technology in defense industry. Those cards are kept very close to the vest. There were videos shown at SPIE with the presentation, so the right people are seeing CSpace in its current glory. For shareholders to see the video, then it has be made public for everyone to see. I don't think all shareholders realize that is how it works!
I hear ya there... I ready for them to poop out some funding news!
Hey Boom, In March Vic said NIH was still several months out, so no June deadline as they originally thought and previously had pr'd. Who knows though, we could hear something any day. Folks are tense because the pps is in the triple 0's IMO
Company update regarding federal funding initiatives
Many of you have continued to express interest in the status of our efforts to raise money in the form of grants from the Federal Government. Our strategy continues to pursue three different paths:
1. Submit proposals to solicitations from the Federal Government when they have a specific need we believe we can satisfy.
2. Market concepts to the Federal Government in areas where we believe they have a need and would be willing to consider an unsolicited proposal.
3. Work with the Oklahoma Congressional delegation, and others, to increase funding available for (1) and (2).
We continue to make progress, albeit slower than desired, on all fronts. We previously reported submitting a proposal to the National Institutes of Health to interface CSpace with medical imaging systems. This proposal is still under review and we will not know the outcome for several months. This week we submitted a proposal to the Air Force to develop CSpace for use by cyber analysts. Award notification will not occur until early or mid-summer. In both cases we believe we presented compelling arguments for our approach, worked with globally recognized partners to enhance the likelihood of success not only during development but transition, and received the endorsement of large corporate end users.
We continue to look for new opportunities (both solicited and unsolicited) and the team members have expressed interest in future joint submissions. As many of you know, advances in technology for healthcare and cyber security remain a priority for investment by the Federal Government. We, and our partners, continue to believe we can provide unique solutions that the Federal Government will consider worthy of investment. Our presentation at the National Defense Industrial Association Science & Engineering Technology Conference in late March, participation in the SPIE Defense & Security Symposium in April, and contributions to various trade and professional publications are being used to reinforce that message.
While we can understand your desire for more details on these and future submissions, competition and confidentiality sometimes prevents 3DIcon and our team members from making any public statements until we have been notified of selection. We will, however, continue to keep shareholders informed of new developments whenever possible to continue our emphasis on transparency.
- Victor Keen, CEO
While we can understand your desire for more details on these and future submissions, competition and confidentiality sometimes prevents 3DIcon and our team members from making any public statements until we have been notified of selection. We will, however, continue to keep shareholders informed of new developments whenever possible to continue our emphasis on transparency.
- Victor Keen, CEO
I was kidding. Microsoft is the real deal and should have their own stock board!
The $3.27 was the result of a pump and dump scheme led by Shakerzzz. Martin started the run by predicting revenue in the 4th Qtr of 2006. Some claim Martin lied to shareholders back then, but I think he got caught up in the swept volume display excitement. Nonetheless, the stock did run. I think it will run again if we get funding and new partner news.
The value of our opinions equals the value of our stock ownership. I recognize that our CEO is the largest shareholder and I doubt you or I are the second largest. I know I do have more shares than our founder, Martin Keating. Martin has not invested any more money into the company he founded, yet you want to bring him back from retirement to run the show again.
Well ok, Let's get him scheduled to speak to all the Tulsa Rotary clubs again and see where that get's us! LOL
I will stick with Doug Freimoney and see how the funding proposals pan out.
Walrus Quote:
Shareholders have opinions and rights, shareholders have interest in the company through the ownership of shares and their opinions are valuable and not to recognize this is a huge mistake on your part.
Walrus, The market current values CSpace at .0008.
I just pointed out that Doug Freimoney is our spokesperson and he is more qualified than Martin Keating to do this job! Martin is retired and writing fiction books about Big Foot taking over the country. Martin was not able to carry the 3DIcon torch any longer. 3DIcon brought in an industry expert to perform this function at the gov't level and that is where the money is make CSpace into a more valuable technology.
If you want the company to hire somebody to shout out to the general public how great our one inch Cspace cube is, then good luck. I don't want public awareness around this until it is bigger and better.
The word has and is still getting out to the right gov't audience and Doug Freimoney is our leader here. He was hired to do just this. Victor is only a figurehead. 3DIcon does not need another salary to echo what Freimoney is doing already.
3DIcon is not focused on raising money for CSpace development by issuing more stock. They are focused on obtaining contracts or grants from the federal gov't to fund further CSpace product development. They chose this route to reduce the amount of dilution to the stock. It is still in the best interest of the company and it's shareholders to pursue this type of funding.
Demanding another shareholder meeting and wanting new management for tiny R&D company? Now that is a good one!
How are you going to attract and pay for this new management? How many shares will they need to dilute to pay them salaries? New management would do 2 more RS before morning. Vic does not accept a salary, since 3DIcon has no money.
Freimoney is the current spokesperson knocking on doors, sharing and promoting the CSpace story and vision. If you don't like it, then maybe it is time to move on folks, because the current management is not leaving! EOM
Thanks for sharing your experience with us.
CSpace does not require goggles or glasses. I don't give a crap about Augmented Reality. It's augmented for a reason.
Go to the company web site. Lots of tangible progress made and being made and more to come IMO.
* All the enhancement projects except the image space have been completed.
* Several meetings with Federal Funding agencies over the past year.
* Multiple proposals submitted for funding opportunities.
* Multiple partnerships and support relationships formed with Schott, Boeing, Raytheon, Medical Institute and others that we are not privy too yet.
* Participation and presentations at key industry conferences.
They have made all kinds of tangible progress with CSpace and they have more tangible progress to go with the image space. All the projects that Hakki worked on under the OCAST award appear to be completed. The next step is the image space.
I would argue that shareholders have not been patient and for the most part, I don't blame them. We have to take this company for what it is and what it isn't. It's a little pinky R&D company still trying to make a go of a vision started over 15 years ago. Most companies would have folded long ago, but they keep plugging away.
I don't think you understand the story here...
Hakki left because his current work with CSpace was done and 3DIcon had no ability to pay him to sit on his hands. He owns another business and has for some time. He keeps busy with that work now.
Hakki can be hired to do additional consulting work whenever needed. He may not be on the company payroll, but he is far from gone. Hakki and the company have a great relationship. Ask the company and they will tell you.
Freimoney took the job at 3dIcon to deliver federal funding for CSpace. They are drooling with confidence. IMO
Keep on thinking that way and just ignore the new faces on here buying and dumping the stock.
Doug Freimoney is about to deliver!
They knew they were getting cash for the Convertible Debenture shares they received for giving 3DIcon cash.
Bottom bounce players bought up the shares, all 45 million of them!
Microsoft's technology is not the same and is not redundant for the markets 3DIcon's Cspace technology is targeting at the present time. Microsoft cannot even reproduce a 1 inch teacup!
Lots of new faces showing up here means there are new traders playing the stock. They are either technical traders looking for a flip or possibly insiders buying before news. I hoping the latter!
Because they are a tiny R&D company seeking funding to create a product prototype. They are not Microsoft.
Like it or not, we are all in the same boat!
If somebody was dumping, the pps would be going down. There is big bid support at .01 and not much on the ask at 700k. Somebody who wants shares will blow that away. Hopefully, the MM's will let her run up a little more.
The ship has not left the port yet Bec1. They are just waiting for the Feds to pay the fuel bill!