So an aircraft company is going to give NEIK the rights to manufacture AND sell their aircraft? That means they're going to buy/lease some manufacturing facility and buy/lease all of the equipment and tools necessary to produce airplanes? The start-up costs have to be enormous, no?

FUBAR mentioned that they've been working on the first airplane for the last 16 months. Do you know where their manufacturing facility is located?

FUBAR, can you fill us in on the details that you revealed earlier. Sixteen months building an airplane without any contract seems like quite a gamble. Do they have a buyer for their first airplane?


Pat

Yes, I read the PR but I'm still not clear on what their role will be after they sign a contract. By "introducing the new version of the airplane to high prospect areas internationally" are they becoming a sales arm for a yet to be named aviation company?


Pat

I've read the PR. All I got from it was that if they get the contract they will initiate their marketing campaign.

Any idea what they are going to market? Are they now getting into the aircraft selling business?


Pat

... they have spent their own money the last 16 months to get the first plane ready ...."

Can you share with us what they are getting the first plane ready for? Thanks in advance.


Pat

"It's a healthy pull-back and it's bullish when the price consolidates". (I just thought I'd be the first to make this standard comment before the price is around .01 in about a week). Rinse and repeat. I'm a little surprised they recycled this one so quickly after the last P&D earlier this year. They usually put 12-18 months between the plays on this one.


Pat

It's generally a good sign when an exchange no longer permits trading of a stock. Very bullish!

Pat

$1.40 + 25%. Nothing complicated about my WAG. I just wanted to put in my entry before the contest deadline. <G> I'd be satisfied with that but I promise I won't be unhappy if it's more.


Pat

Assuming a buyout is a given, wouldn't you think that a price has already been agreed to given that a June red line has been announced? I can't imagine the parties saying, "What do you say we agree to the June red line and we'll hopefully be able to come to a mutually agreeable decision on the pesky little detail of a buyout price before then." I'd imagine that the legal beagles are the only active parties at this point drawing up the paperwork for the terms to which they agreed some time ago.

My WAG is 1.75 announced on the effective date of 30 June. I'm guessing there will be some handsome retention bonuses and incentives for the current management to help ease any of their pain.


Pat

BC,

I was merely posting ad nauseam to ease your conscience of my intent. <G>

Good luck.


Pat

"Pretty crystal clear clarity" being the operative words here. I was merely trying to see if I'd missed a post that indicated it was definitive. Apparently I haven't. Most of us agree that it's "pretty crystal clear". Thanks for clarifying.


Pat

He either "did everything in his power" to avoid mentioning a buyout or he made no mention of it because it's not even on his radar screen. Again, whether intentional or not, many of the posts here seem to be predicated on the fact that there is a buyout being pursued when most seem to agree that no one knows that with certainty. I'm not being critical. I do it myself. I just find it odd that we seem to have made the giant leap, and perhaps more amazing, we're pretty much conditioned to making decisions based on that leap. Human nature, I guess.


Pat

Agreed.


Pat

Sorry, perhaps I didn't make myself clear. I meant to merely go back to my original point. All discussion of late seems to be predicated on a buyout. As you and others state, the fact that a buyout is even being discussed by IMSC is not known.

My original post was to ascertain whether or not I had missed a post that established a buyout as a "fact". I generally read all posts on this forum but because of the preponderance of posts that read like a buyout is a known fact, I thought I might have missed something.


Pat

Any buyer would likely benefit buying at these prices .... assuming a buyout is in the cards. But who benefits from suppressing the price which is generally when the term "manipulation" is invoked when the share price isn't heading north. I know that the companion answer for that scenario is "shorters" but to me that's about as generic as "manipulators".


Pat

I think that's as good of summary as I've seen lately, Northforker! Good luck to us!

Pat

Once again, you are saying the price will rise "as the expected sale news draws nearer". You're writing that as if negotiation for a buyout is a "fact".

"Manipulation" has always seemed to me to be the "go-to" explanation when there is no known explanation. If it is manipulation, can you identify who is positioned to suppress the price and how they benefit from that strategy? It would have to be a coordinated effort and I just don't see it with a company this size and the relatively small average volume.

I suspect we'll learn more as we approach the end of June. Something has got to give given their financing issues. Whether it's a buyout or whether or not L3 is even part of this plot will be known with certainty at that time.


Pat

I'm not sure I'd characterize myself as having "lingering doubts". I just wanted to make sure that I hadn't missed something that was causing most here to focus their discussion on a premise that actually hasn't yet been "officially" established.


Pat

That's what prompted my question. Sixty cents won't cut it. Given that everyone knows that, why aren't people buying in droves driving the price up? If there is a buyout, anyone who buys at 60 cents turns a short term capital gain with virtually no risk. Why is that not happening?

Pat

There's a great deal of evidence that a buyout is in the works and L3 is the likely buyer. Can someone refresh my memory "why" we believe this to be factual? Do we really "know" this or have we taken what is really a very reasonable guess and collectively morphed it into a fact.

Have we moved on to simply estimating the value of the buyout when we really don't "know" as fact there is going to be one? Before everyone leaps on me, I'm in the camp that believes a buyout is imminent. It just crossed my mind that none of us really know that even though we've long ago moved on to speculating how much we're all going to bank! I'm really not looking for a list of things that support the theory of a buyout. I'm simply wondering if this possibility is still actually just that .... a possibility (albeit a good one).

I just can't get past the idea that if a buyout IS a fact, the buyout price isn't going to be close to sixty cents. Why aren't buyers overwhelming sellers and raising the share price? The vague explanation of "manipulation" doesn't satisfy my curiosity.


Pat

If not IMSC management, the lender, or anyone affiliated with them, I'm curious who you suspect would have an interest in spending their money to promote the stock.


Pat

I tried the same, ted, with similar results.

Regarding the possibility of this promotion being used to encourage a bidding contest .... time would sure seem to be running out to be at that stage of the process if something is to happen in June. I'd hope they have concluded some type of negotiations for a buyout or partnership by this time or the impending "major transaction" will be an announcement that they've gone back to the negotiating table to get their toxic funding extended! I'd be more inclined to believe it had something to do with their stock options. But even that should have all been discussed and settled if there is to be the promised "major transaction" completed in June.

With so much uncertainty and so many possibilities, I get a little nervous based on past track records here. Timelines/milestones don't seem to mean much.

Like usual, I guess we just have to hope for the best and prepare for it to be delayed. <G>


Pat

I'm still curious about this bit of information from last week, and whether it ties in with the recent buyout/partnership discussion:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122460400

Wouldn't you assume that Platinum would have approved the funding for this type of promotion? And if so, why? If a deal is done why the need to spend money to publicize the stock now? Could it involve share price milestones that need to be met to consummate terms of the deal by the June deadline?

These "marketing" sites are essentially "stock pick" sheets. Kind of an odd choice to get a serious and sustained bump in share price if that's what this is all about.

Anyone have any insight? This makes no sense to me.


Pat

This from a forum on Silicon Investor:

***************************************

"IMSC - I noticed the company started a paid promotion with Galaxy, LLX this week. Their web sites are:

MarketCaliber.com
PennyPickFinders.com
PennyStockProfit.com
StockOnion.com
SecretStockPromoter.com"

Anyone know or hear anything about this? According to the poster the promotion began three days ago.


Pat

As shareholders, would there be disappointment if the anticipated announcement was for a partnership rather than a buyout or vice versa?

I'm just curious as to what most would prefer at this point. Do most just want a divorce from this company (with a friendly settlement) or do they want to roll the dice to see what the company can do on their own after eliminating or dramatically reducing the toxic financing and debt?


Pat

Curiosity question ..... with all of the discussion focused on a buyout, is it the consensus of the board that a partnership is off the table?


Pat

I don't see any magic in seeing .24 again but I have no objection to seeing volatility until the "major event" happens. There's money that can be made in the interim.


Pat

So, Sgreg, do you think miners keep going up due to a big pump?

Also, do you have any thoughts on whether GDX will get to $27?


Pat

Why am I getting this feeling that the new "time-limited extension" is until March 31, 2017? <G>


Pat

I stand corrected on the issue date. I was looking at the date posted just before the article but below the date of the magazine article. I didn't see this info posted on this forum though. Did I duplicate someone else's post on this?

Dilution is dilution. Outstanding shares are increased for only one eventual purpose. No dilution was a huge "marketing" point during this and past years' "plays".


Pat

Sadly, I believe you.

Pat

Just published today in this periodical. Are you saying that two weeks ago you knew that the float had increased in the last several years? Why didn't you share that?

Pat

Maybe the pumping hasn't ended yet ...

http://www.hotstocked.com/article/93092/northstar-electronics-inc-otcmkts-neik-revs.html


Pat

I doubt that they'll default but this morning's delivery announcement may be an attempt to soften the reaction to the PR about renewing with DMRJ. If that's the tone of the release, I suspect they'll mitigate it with several paragraphs about how they are continuing to explore all options from a number of entities with whom they've been in contact. I don't anticipate a lot of difference between what we know today and what we'll know next week. If that's the news, I look for the PR after the close. I hope I'm wrong.

Out of curiosity, is it absolutely required to release the news today if a refinancing deal has been formally inked today? Could they legally wait until the weekend to release the PR? Would that put them in some type of jeopardy compliance-wise? That might even be better if they have less than exciting news. Anybody?




Pat

Oh, absolutely, Buzz. No doubt about my post being idle speculation ..... and even idle chatter about idle chatter! After all, I don't have a clue what's going on in the boardroom. I suspect many recognize that much of the content on this forum is idle chatter/speculation. I don't post too frequently to the forum but I enjoy reading it. The only time I'm bothered by it is when one poster or another posts the same idle speculation multiple times every day/week. That gets a little tiring but it's easy enough to just skip over that inconvenience. Other than that, I find it interesting to have a gauge of what others are thinking.

In fact, that's probably the basis for my belief that there could be an overreaction if this week's anticipated PR doesn't include a partnership or a buyout ... or anything different than the perceived status quo. Many on this board indicate through their idle chatter that game changing news is coming with this anticipated PR. I can almost guarantee that there will be dozens of posts expressing anger and harsh criticism IF the PR doesn't live up to those elevated expectations. Sometimes money can be made in those circumstances. Bad news can be good news!

Why is it taking so long? No guess there. Could be they aren't anxious to put out what could be considered bad news. Could be they are hung up on extension end dates or rates. Could be they're waiting for a potential partner to make a final decision or another to make a counter offer. Who knows?


Pat

That's a unique interpretation of what I posted, Buzz! You've added a lot of new content to it! <G>

Yes, I own the stock. (that's what was meant by my comment regarding not parting with my core position) I made no comment about the success of anything nor did I address anything about the amount or velocity of the share price. I'm not sure where that interpretation came from. I did suggest that I might take advantage of "overreactions" to a disappointing PR. I also made a guess that a re-up with DMRJ was likely but offered no opinion about terms (other than to mention the obvious possibilities that they could be similar, better, or worse with an emphasis that "none of us know").

Here's the posting again for your convenience. I hope re-reading it will answer your questions about "my guess".



"I think that a lot of speculative discussion on this and other forums morph into "presumed fact" with their continued repetition. I also believe that's why there is often times a negative overreaction when PRs are released. The actual announcement doesn't conform to the "presumed fact" and shareholders are disappointed due to embellished expectations.

I posted several weeks ago that I anticipate a tradable event when they PR their new financial arrangement. I don't anticipate a sale or partnership to be immediately forthcoming and I suspect there will be an overreaction to that news. Many here have been "conditioned" to expect far more than just a re-up with DMRJ ... with perhaps similar, better, or worse terms. The truth is that none of us know. However, we are all confident in our "guesses" and we're anticipating and, in some cases, already acting according to those guesses.

I truly hope that whatever the news might be, that the share price skyrockets. If it doesn't, I will consider other options which don't yet include parting with my core shares but may again involve picking up trading shares to exploit potential "overreaction" to the news. "

Pat

I don't doubt for a minute that all solutions are being discussed, Buzz. Sooner or later a different course will be revealed. I just don't anticipate that a partnership or buy in/out will be part of the PR that we are anticipating this week. That's just my guess. However, I fully recognize and acknowledge that my guess could be just as wrong as anyone else's. We'll know soon.


Pat

I think that a lot of speculative discussion on this and other forums morph into "presumed fact" with their continued repetition. I also believe that's why there is often times a negative overreaction when PRs are released. The actual announcement doesn't conform to the "presumed fact" and shareholders are disappointed due to embellished expectations.

I posted several weeks ago that I anticipate a tradable event when they PR their new financial arrangement. I don't anticipate a sale or partnership to be immediately forthcoming and I suspect there will be an overreaction to that news. Many here have been "conditioned" to expect far more than just a re-up with DMRJ ... with perhaps similar, better, or worse terms. The truth is that none of us know. However, we are all confident in our "guesses" and we're anticipating and, in some cases, already acting according to those guesses.

I truly hope that whatever the news might be, that the share price skyrockets. If it doesn't, I will consider other options which don't yet include parting with my core shares but may again involve picking up trading shares to exploit potential "overreaction" to the news.




Pat

It's all way over my head anyway. Thanks for trying though. <G>


Pat

.... but tomorrow will be a zero volume day. Not all that interesting or exciting for me.

If they PR something tomorrow, it could be for reasons that many are not going to like. No one really knows though so it's all speculation. Good luck.


Pat

The time is drawing near. Next week will be interesting. I'm sure there'll be a lot of chatter here leading up to the anticipated PR. Place your bets! Good luck to everyone whichever way you decide to play it.


Pat