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Glenn, please get the company act together.
Last january you were patting yourself on the back stating how the company was on the launching pad.
Please stop patting yourselves on the back and quoting from books.
Replace Daryl because he can't sell water in the desert and let's get this show on the road.
Thank you.
GLTA,
KB
One last point.
The video was posted on 6/9/14, but that doesn't mean it was put together that day.
It was probably put together before then.
This is where I get the 2-6 week estimate.
GLTA,
KB
ROI, i wish you were correct.
The bottom line is although everything is done, it will take 30 to 60 days from completion of OTE before we are officially placed on the QPL, at this point, that is 2-6 weeks from now.
The good news is that it will result in a rather quick IDIQ as the company has been in contact with TSA through the whole process. You can expect a minimum of 500 units, about $20,000,000.
Don't forget about the two other agencies that Glenn had mentioned in the Q2 conference call, they will also order some units following QPL.
Finally expect CATSA to also follow suit.
It is an exciting time, but most likely all these announcements will occur in July-August time period.
GLTA,
KB
There you go...Glenn just verified in public that the company has completed OT&E...the countdown begins.
KB
I did not say that they have received qualification.
I stated that the company clearly stated that they were days away from finishing OT&E and i believe they are done with that step.
They are not obligated to PR this.
I believe that qualification will follow soon.
Believe what ever you want, do your due diligence.
I and other investors have been waiting for a long time and that time will come very soon.
GLTA,
KB
30-60 day administrative, report period
At this point, we are probably 2-5 weeks away from getting on the QPL.
TSA = minimum of 500 units
Then that will be follow by CATSA, a couple other divisions of US government order.
A conservative estimate would be about 600-800 units for the rest of this year = 24,000,000-32,000,000.
Best case scenario = 800-1200 units for the rest of this year = 32,000,000-48,000,000.
Who knows what is going to happen next calendar year.
KB
OT & E IS DONE!!!!
We are in the final weeks of QPL process.
No the Q220s are not to build inventory.
The company will be fine.
KB
800000 shares in a stock that trades at 50-100000 shares will cause much more than a "spark." The stock price will increase more on the merits of it sales which like i said will start at a minimum of 20 million this year and a maximum of 160 million over the next 4 years or so. That is just TSA ALONE. We simply will agree to disagree and whatever is said is just hot air until the contract arises. I don't need the money invested in this stock so I can wait for as long as it takes...I am however planning a nice vacation to hawaii this year and I expect that to be in celebration of this stock's success ;).
KB
Will find out soon, but initial TSA contract will be somewhere between 20-40 million.
Last CC, company was counting down days of OT&E that is now complete.
One morning soon, the shorts will be burning.
GLTA,
KB
Wrong again...tick tick tick...it's all coming soon :)
GLTA,
Kb
anyone know if we are out of OT&E yet?
KB
I think you mean epiphany.
Statement B is not a dependant event of statement A.
Statement A and B are not mutually exclusive events.
In other words, just because someone is wrong in the past, does not guarentee that they will be wrong in the future.
If one is wrong in the past, they can still be either right or wrong in the future.
I surmise as the picture becomes clearer to the company and TSA, future predictions become more accurate over time. Your logic is no more than an opinion.
GLTA,
KB
He stated that there would be a government order at latest by September 30, 2014, not by earliest!
GLTA,
KB
B9 what are you hoping to hear.
What is due in June?
Thanks.
KB
I wonder what counting down the days mean, is 10, 20, or 30 days. I hope it is the former.
GLTA,
KB
Just because you have an advangtage in a field, does not make you give away any advantage you may have. That's just plain stupid.
KB
Why wouldn't we just give out manufacturing and pricing information so that the competitors can take advantage of that information...utterly ridiculous.
GLTA,
KB
All those numbers he put out don't make any sense.
1/2 the debt is convertable.
That means about 30 million has to be paid in cash.
At a gross margin rate of 35% per Dr. McGann, we would need to sell about 2000-2500 B 220s to erase debt.
Between tsa, us government, catsa, middle east, europe, and china...i think that would be easily achieved.
That excludes the h150s still.
Scare tactics based on imaginary numbers is where the 6500 units came from.
GLTA,
KB
anyone know why there seems to be well greater than 300000 shares that traded, but the ticker only shows a 140000 or so.
Thanks in advance.
KB
We shall both find out soon.
I will only tell you that I am resting well.
KB
Are these people in denial or just have low IQ?
The game in ETD is over.
TSA does not want morpho or safran's technology...period.
The private sector can be given morpho or safran's equiptment for free and it would still be more expensive than implant's.
GAME OVER folks...implant wins.
GLTA,
KB
What was he claiming to be the advantage.
KB
Can someone comment on Entendance post that there is new tax news regarding investors in this stock?
KB
I don't believe any of the TSA qualification is baked in.
Glenn was asked if the expected IDIQ is 2-3x greater than china order, 300 units and his answer was just "yes." He sounded giddy. Minimum 900 units would equate to 36,000,000 to start. There are about 3000-4000 TSA units which would equate to 160,000,000. Glenn also state that other government agencies are waiting for qualification to sign orders, don't know how many more millions that is. Don't forget CATSA and Israel. Oh yeah, there is europe still. And the "large tenders in air cargo" that Daryl is talking about. The flood gates will open all at once. Once the debt situation is resolved, you can expect at least a 15x multiple on EPS. There is also a chance of buyout and integration of the technology. Hold on to this one and you will be handsomely rewarded soon.
Either we see a slow creep upwards in the price as the shorts start to close positions or the shorts have a high risk tolerance and they get fried at once.
GLTA,
KB
A lot of positives
# largest production run
# going after big deals that are in action per Daryl jones
# finishing up OT&E
# increasing margins
# Glenn finally admitting to his timeline prediction inadequacies
Waiting continues, but if the company can lead into qualification with a couple of significant sales it would be great!
GLTA,
Kb
Pay attention, Glenn just said that the cost structure allows for fluctuation of price point. Didn't you stated that you sold out. Why do you care? This is a growth stock that is going to grow very fast very soon. If you don't believe and you sold out, none of what the company says or does should be of your concern.
KB
There is a sense of calm that hasn't been there the last two conferences.
Good to hear.
KB
It's growing and lining things up.
We will get there very soon.
GLTA,
KB
Just briefly reviewed it.
Looks like margin is increasing.
B220 sales picking up.
Q150 sales down because of Indian Ministry sale.
Still in the red.
TSA qualification and IDIQ and I think we'll be good.
Looks like a bad 4th quarter, but not as concerning if IDIQ happens.
Any other thoughts.
GLTA,
KB
blah, blah, blah for the most part...just keeping my eye on the prize.
KB
Guarded expectations at best at this point.
Given that the company has not felt a need to put out BS PRs and that they have chosen to release CC on thursday instead of friday, i am hoping that it's not going to be that bad. Nothing would suprise me at this point though.
GLTA,
KB
cross fingers and hope for the best.
GLTA,
KB
Thank you for that insight.
I hope you are right.
GLTA.
KB
Shorts are playing a dangerous game.
Glenn has given fair warning.
I hope he bitch slaps all of them.
One can always dream :).
Dreams do come true, this one just takes patience.
GLTA,
KB
Brady,
I agree with you that at the end of the day, either we get IDIQ or the company is done.
I don't agree with you that a "few months" doesn't matter. There is opportunity cost involved.
That is not even the most salient point. You trust management to make somewhat accurate projections. Glenn's projection shows that either he is ignorant or clueless about the process or that he is openly deceptive about the information he is presenting or witholding.
I want this company to succeed and the only reason I haven't sold is because at the end of the day i believe in the technology.
How management has handled there projections is not okay and blind allegience to the company is foolish.
GLTA,
KB
Call and let him know.
People complain here, but that is useless.
Write and call to let management know.
Call in during the conference call and make them explain themselves.
The last CC in which Michael called in and made Glenn explain why the SP is as bad as it is at least made Glenn think about it.
He came up with the same bullshit answer about confidence and blah blah blah, but at least he understood that the investors are pissed off.
Just my 2 cents.
KB
The last time I spoke to Glenn, he reiterated as he did in the CC that the final qualification would be done by June with IDIQ to follow very soon after qualification. I expect the June-July period to be HUGE.
KB
zeynoc, they may annouce it at the next CC. Glenn is absolutely HORRIFICALLY BAD at this timeline thing. I know we are dealing with government, but you can't run a company and be off by 6 months to a year on your predictions. I have no inside information and could have come up with predictions just as accurate...shameful.
KB
zeynoc, he specifically stated that OTE should be done by end of april and final qualification would be done by end of june. I pray that he doesn't further extend that date. The company has no credibility already as is and investor frustration is already peaked. I am optimistic, but am tired of the extended timelines. Glenn should just keep his mouth shut if he is that unsure of the timeline.
KB