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TED- competitors are devious...DM could make a deal and crash/cash out the entire thing.
NOTE TO IGH-- the company used an added 95M shares as the dilution horizon and that included some 8M shares insiders could option. The amount that converts at 8 cents is about 5.1M which comes from the first loan and the interest rolling up on that loan.
TSA has some guidelines on hand held but not sure how they drive that without a clear con-ops. IE intake needs to detect xyz parts /M from ? inches from surface etc. They used to troll around airports with S or M's hand held but they were ineffective and went off the QPL. ISC's non-contract is IT!!! In ACES!!!!
Since DM has stopped selling during the negotiations, I sense they will get a lot of money paid back to them, some one else will get a slice of the company however. The outstanding interest will get paid out...and the company will get some breathing room Q to Q on the interest cost/dilution.
To me it seems BM plans to pay interest every qtr from ops...they could also pay salaries in shares ABOVE the 8 cent convert but at a discount to closing price and use the saved money to pay DM...anything to freeze dilution makes the stock BUYABLE or at least MORE BUYABLE than it is right now.
If they cut an INLINE partner deal, everything will change on signature. THAT is my hope and I think you can tell, its BM's intent. Can he do it? Will insiders buy AFTER that event? Will Meima buy another 400,000 shares this week? Will Buffalo become the oracle of oh-ma-gawd? Will Ted become a buyer? And will anybody ever fly DAALLO air again? ...the plot thickens! We should know everything before St. Pats!
People forget this, many of DM's 8 cent converts are gained thru 15% interest on principle. If DM sells a share for 8.5 cents, they make at least the 15% they received as interest.
5.1M shares can convert at 8 cents = 63M shares. Which is THE reason insiders won't touch this stock. Basically, a 40 cent share is worth 21 cents against that potential dilution.
The only lever they have with DM is this: if ISC goes away, you lose the golden convert machine, plus the interest.
DM's counter lever is: we take the company in a BK and can sell it for 30M, so our downside is not as great as your invisible lever seems to think.
But once again, all the calculations are NOT in. BM is working on a deal cash for equity to pay down debt, IMO. And the reason it will be successful is the INLINE. This is what is for dinner as the entire world wants a reliable, automated INLINE ETD...if BM can get metal detection into that he has a weak equivalent to an AIT unit.
If you look at Somalia, you see a bit of irony: weak system larded with bribes and turncoat insiders allows AQ to test a simple bomb which takes out bomber. But it proves their ability to bribe anybody to do anything in certain countries.
Now imagine an ISC MAG-INLINE ETD sounds an automated alarm-- everything stops until the rats are flushed. This bit of unbribeable automation is what everyone wants.
I think BM missed an opportunity to speak a bit more about the future in regards to the INLINE...because as calculations go, our/ISC's future lies with it.
Right now, the old rubric holds true, when THEY buy YOU buy. When they SELL you SELL. Remember, they have parachutes with CIC.
HUM- I hope you are right! But without a huge driver to vault us out of the woods, I see this cutting a path out of the wilderness in steps.
What we don't know is EXACTLY how well the INLINE and E work...but we have to assume that potential partners DO know...so maybe your scenario happens...like I said, I HOPE YOU ARE RIGHT!!!!
Or as they say in the prison of lost ISC shareholders: Four More Years?!?!?
HUM-- at least $15M and the RCA payday loan program along with expanding sales can begin to build a solvency path...which will grow wide and long with follow on products.
Oddly, the troll in the path is also the largest buyer so we have that going against and going for us. Its not an easy riddle.
They are getting a partner and every forward look drives the dowery. Stop grazing Buffalo. Its in the cards and it will be at least a $15M deal.
The Noble presentation is exactly what the partner had for lunch. If the company doesn't have a second act it can't finish its mission.
The ASP of 18K is absurd. BM threw water on that, GB threw water on that. Common sense says NO WAY 18K.
henny- don't be silly--DMRJ is NOT selling and the stock is trying to find a fairer valuation. But don't doubt- IF ISC refi's and or cleans up its balance sheet--really great things are in store for the stock and the company.
Reason why TSA's choice to apply dogs to the mix is important: ISC has a CRADA with TSA that has sort of slipped under the radar in terms of where ISC is, what the TSA intends to do and how that would vault ISC forward IF they gained another product on the QPL and thus throughout the world.
ISC had two products in development that both have a bearing on TSA's long range goal- a tunnel of truth-- the multi-tech wonder that answers all the questions about the traveler and its baggage. So this is NOT a trivial discussion as it represents WHAT IS NEXT for little ole ISC. I think that NON-CONTACT will play a significant role in TSA's plans and nobody does non-contact better than ISC. Think of it as a lever in any partner discussion--IF-- TSA aligns.
Getting DM out of the stock has to be job 1 if the SP is going to thrive and start to help the company.
IGH- the IDIQs for dogs have been awarded. It was about 12 different kennels and a great thing if all were vets. But not a great thing for ISC vets.
BM's statements indicate that NO - E for DHS but likely Es will go to other branches of gov. So that's a positive. I think TSA will buy some "E" once the feedback starts to show how well it performs.
The canine RFQ went into process a while back and it was chaffettz behind it along with a few other select whacko's--. There reasoning: no lobbyists behind dogs, therefore that's A way we should proceed.
To say the TSA has a clear tech. upgrade plan would be a mistake. But I do think the 2300 other ETD's in airports will be upgraded with current QPL'd tech-- and THAT is great news for ISC.
vintage- I am NOT in favor of dogs in airports except in times of security emergencies. So you got that wrong.
And I agree that TSA seems to be going in circles. Rep. Chaffettz pointed to that as did a Rep. from Wisconsin- Chaff. spoke highly of ETD dogs and that contract was awarded to about 12 kennels/training facilities. So like it or not, we will see more dogs in airports.
In terms of a hand held ETD marrying a metal detector ( basically a doorway), OK, great, show me that picture...BM spoke of the hand held issue and really painted a picture of uncertainty at TSA but a real possibility within other branches of gov:
Unidentified Analyst
Fair enough. I think I've got you a few, if that's okay. Thinking about the whole non-contact market, I thought I remembered from some years ago, does the TSA have to develop a whole standard for testing non-contact that you would then need to get qualified before there is really going to be any significant sales there?
Bill McGann
Well, yes, let's open up a bottle of something and have that discussion, that's a long one. The short answer is technically they would, because - but in reality I don't think they will, okay, because they just literally come out with a brand new standard, okay, and everybody - well, not everybody but the currently three qualified players, us being one, are having our systems go through their new so-called 6.2 standard. And I believe by the way we stand in very good stead on that but those standards evolved from a very long time ago following the Pan Am 103 disaster over Lockerbie, and specifically the standard targets, the initial state set of standard explosives and the methods by which they are collected and analyzed are not totally conducive to an non-contact sampler. I mean there is some level of effectiveness, but at the level of requirement on performance, believe me, we try it, right.
So the best we would be able to do Patrick [ph] is to submit our non-contact sampler to the exact standard that they use. And we don't believe that that is a fruitful, nor high priority effort in terms of being effective. There is talk and it's being on and off the table and you could do your own homework on this and go through the government solicitations and requirement documents, policy and you will see on and off again they talk about coming up with a handheld standard.
And there was talk of that as recently as six months ago, but then it goes off the table again. So what I would say is we don't see that as a near-term opportunity, near-term in the next year or so. However there is great near-term in that year or two timeframe for our handhelds, new one and even some new platform developments that we’re considering that address this pretty large underserved market that Darryl alluded to, and that does not require TSA. It's not unregulated but it's not a specific TSA standard that they match to.
IGH- you and the Admiral are NOT of the same mind re_canines in the use of trace detection. Check out:
HSTS02-16-Q-TWE401
BLANKET PURCHASE AGREEMENT
SPECIALIZED PASSENGER SCREENING CANINES
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This dovetails into BM mumbling over the question about the ISC 150-E and why that is NOT moving thru TSA process. Simple- its gone to the dogs.
OSI is an automated baggage-carry on-cargo AIT ( x ray ) maker. I don't think they had a swab based ETD product on the QPL or ACSTL TSA lists.
So ISC does NOT compete with them. However, both sell to the same customers, with TSA being #1 world-wide so some of the same disruptions ISC faced by changing TSA decisions and or delays were faced by OSI.
But the key intersection point between ISC impending INLINE ETD unit ( think backbend to an AIT conveyor driven system) is TSA's holding of a significant amount of spend for a product that delivers automated AIT+ETD in one smooth operating, semi-automated system. THIS looming purchase event is our leverage ( if ever a company 90M$ in debt had leverage).
Its safe to say that if an L-3 gained access to or owned ISC, they would develop an in-house system that would likely defeat OSI if OSI didn't have an INLINE ETD solution integrated into their system.
OSI can say what they want today, and it is true, but have they said all that should be said...? I can't say. But other AIT makers are facing the same issue (requested AIT + ETD automated solution).
Obviously, ISC will sell more INLINE ETDs as an independent vs an in-house unit for an AIT maker. This is real leverage IF TSA is really set on this dual mode, semi-automated solution.
Which is why TSA's recent canine IDIQ list is soo disappointing. This is an opportunity gone for ISC's new "E" handheld ETD. Dogs cover a lot of ground and can get to tight spots very fast with the amount of area covered being significant. But they have their problems. In terms of dogs reactions, well, they can be trained to "alarm" in many different ways...a dog in the crawl space of vent. duct needs to be loud while one in an airport checkpoint needs to sit and point...they are amazing tools but problematic if the scent disguise is appropriate. And they do have an intimidation factor which may be good or very very bad depending on the perp.
TED-- NOOOO- ISC's IDIQ is still in effect and MORE likely to spend the entire amount.
I am talking about the handheld ETD 150-E...this was an added product to mix into the passenger/checkpoint layer. They engaged dogs. BUT no way does it diminish ISC's IDIQ. Matter of fact, more depts. of gov. are likely to be swab ETD buyers.
In terms of 8 cent conversions: interest converts and the first loan converts ( balance of first loan)...next level up is a blended 1.16-ish. Hope that puts us in alignment.
No TED, the balance of the first loan is still convertible at 8 cents...I believe they were owed about $3M on that $4M loan. Their next convert level is 1.09 to 1.19-ish on different loan amounts.
TED- I had high hopes that TSA would adopt a real non-contact ETD product into a expanded layer by using the "E"...it appears ( not 100% certain) that they IDIQ'd to about 12 or more dog training facilities around the USA so Bucky Beaver ( house oversight comm) has got his way.
BM alluded to this when asked about the development of the "E" I think 2 CCs ago.
So now ISC needs to develop their own recommended con-ops for use, sell that around the world ( refresh to 150owners) and teach the TSA.
The good news is, the "E" will be available for sale starting as early as April...
Pat-- that would be a pessimistic view. LOL. My guess, DM has a sense the share price will rise dramatically if their interest is going to get paid every qtr. in cash. So they might convert a slice just before that happens or they may see the light, that the company is confident of growing revenue stream, a rising share price, a wider product offering and a partnership w/ an AIT maker. Great reasons for DM to hold up and wait for a much much better SP.
The company has pointed to a growth in rev. above their guidance, in so many words. And the "E" ships sometime in co. 4th qtr--as early as April!!!!!!
OR, the best view, a partner takes a position to allow DM to be paid out. About a an 8% chance of this IF the SP is not rising. But consider, selling 55-85 cent shares is better than selling 8 cent shares.
Shi- The "E" can change the game, but not for TSA in the near future. Exactly why they need to get the "E" working in a Euro market---then they can teach the TSA about applying it.
TSA is going to the dogs. That pack is going to be around for a good while.
Meanwhile, the INLINE unit becomes the savior of the company as it is "what is next" for TSA. And of course, all big AIT's want that unit behind their scanner. Better still, TSA could spend .5 to .75B$ on that refresh.
But agree, debt needs to be corralled and drowned. Nothing moves this stock but a play that pays down and or out DM from their dumping. It seems they have not converted or they are playing highwayman in wait.
All in all, SP should float slightly N into earnings, which will be ACES and then...
AFTERNOON DELIGHT!
Mem-
We have a ton of upside sales to look forward to. Quick count:
- balance of initial TSA order of 1170 swab units
- possible balance of TSA swab units that are NOT ISC's...about 2300
- refresh/upgrade sales of the 150-E to existing 150 owners...about 600 units
- other Fed. dept...could be 500 to 2000 units ( think embassies, prisons, atf etc)
- second tier EURO airports...could be another 1000 to 2000 units.
Almost safe to say that ISC is going to need another building expansion after the third shift is at max output. The high end shown above is about 7500 units...IMO, the B-220 has two high unit output years ahead with another 2-3 years after that.
Now, to contemplate paying $2M/qtr in interest in cash or shares is absurd...anybody that could diminish that would do so pronto. I think that is #1 priority in shareholders minds...mgt. works that out they can win back a lot of shareholder sentiment that they let dilute away in '15.
Also, if they can develop a successful con-ops for the "E" and share that with TSA, well that might be something down the road. TSA awarded an IDIQ to about 15 dog training facilities around the US so its safe to say you will have to avoid the yellow puddles with your rolling gear on an upcoming flight.
Hum- yeah fido is man's best friend, I like dogs as a flex layer but not full time for this job. The military loves dogs and I don't blame them, dogs save lives in the field. I hope the RED TEAM runs a real test with certain chemicals added. Totally impractical for entire country and large airports but that is the way it looks like its going to play. What about second shift and late night? Bucky Beaver didn't think much about that but like he said NOTHING WORKS IN DC.including BB.
I don't think we are on the QPL for handhelds but I haven't seen one lately so...I think BM referred to this when asked about the "E". What is cool, there is a real upgrade/replacement market ready for the "E", the people currently using the 150. It is sized at about 600 OLD units. Watch how fast Dr. Jones works that niche. Maybe, just maybe, ISC derives the con-ops for use of the "E" in non-contact mode and then teaches the TSA...
Buffalo- essentially, we are back to where we were a year ago. Its like a missing year. So you are buying ISC now-- great to hear.
I am waiting still but I think BM can jump on the partner buy in lever. Why? i think TSA is getting a sense of just how good the B-220 is ( false alarm rate events going down in #) and gaining confidence in ISC's ability to build in quantity. If you evaluate TSA's purchase pattern, this makes sense. And this TSA confidence builds confidence in our NEW partner. Possibly.
The question is when-- as the window is getting tighter for a great event, but will stay open for a refresh of things past, DM continues doing what DM does.
Fphan--are you buying?
FPH- I surely believe it is possible. That is what they have to lever- the future of mass travel security is partially locked up in ISC's IP vault. BM knows this better than most. And there has never been a better time to STAND ON THAT LEVER!
Possible path forward: TSA/DHS buys full 162M IDIQ sooner than later, RCA finances ISC along the way, ISC develops NEXT WAVE of ETD products, ISC's run rate greatly exceeds $42M/yr, when timely, Mr. BIG AIT makes the take out on ISC, loyal shareholders are rewarded!
OR Mr. Big AIT moves next week...?
I like the set up that BL/BM are presenting to Mr. Big AITS...step up or lose it to a competitor. We could see a bidding war! Wouldn't that be a delight!
A-HOOT- great points and all true. The ISC product road map is truly the most powerful aspect of ISC. While ISC's cap structure is its most glaring weak point.
The key question: what prys loose an investment by an AIT maker? Without cash IN to pay DM OUT we continue with this mind maddening misery: excellent products, ongoing dilution. Against this backdrop you have a tightening TSA budget with some "minds" in Congress pushing TSA toward DOGS...all factors put into a Las Vegas Blender when trying to call the outcome...
At the end of it all we know this: there is a huge amount of value INSIDE ISC. That's the only thing we can rely on at this time. That and whatever MEIMA had for lunch!
NOTE TO IGH- apple a+35% tariff??? Give me "liberty" or give me tariffs????
JT- you can back guess at some of the data points derived from a network node/pt.
The anecdotal string would be extremely interesting, i.e.. PTEN shows in toys or Cocaine detected most often in saving kits...but no doubt about it, it opens up a unique benefit to ISC if they get to share the data as to how the bad guys hide what they hide and how often.
While I hate to criticize TSA, they should have been doing data collection/analysis YEARS ago. And the Admiral knows that.
B9- yes indeed, and the 150 replacement market is also a hot corner--600 OLD 150 units around the world that can be pitched for upgrades to the NEW/IMPROVED 150-E ( different #/name would work better).
I really like the replacement potential for the other 2300 S/M Swab-jobs that TSA has that have to be dumped.
And one last INLINE ETD integrator/partner to meet with is most excellent news.
Now if some entity at the conf. "gets it" and has interest, well a REFI might just swoop in out of left field. The sheer credential argument for ISC 's future is building like a giant wave. ISC = ETD LEADER--WORLDWIDE...SECOND ACT LIKELY TO BE MUCH STRONGER THAN THE FIRST!!!
TSA could help this our greatly by selecting 3-4 companies to work together on the TOT or BOT ( booth of truth) and provide some development funds...obviously, ISC would be the ETD component provider.
Typo- nothing more or less.
fred- our TSA brought CTSA to ISC to view the potential product line. Everybody follows TSA's lead because their testing is leading edge-state of art. Problem now is, TSA is backing up, getting off track, re-thinking their tech. progression...and the pinheads in Congress are barking for "dogs". Dogs have their place but training groups of them to stay up all night is going to be a lot of "fun" for some lucky personages.
Review Bucky Beaver's idiotic comment that "...nothing works...". And this was at a think tank presentation. When you have that level of clueless oversight, you have problems. This is a genuine issue for a super small underfunded nano-cap. I think it is one reason that BM sells this or finds a significant buy in from some entity. Soon!
A-hoot-- the comp. knows about ISC wins therefore there is NOTHING to be gained by hiding wins. Further, a material event requires communication with shareholders. Why hide that from US when the competition already knows...they may have agreed to STOP PRing IF they were in acquisition discussions and there is leeway there. But that would preclude the $5M PR unless of course they have finished acquisition discussions...which is very possible!!! ( that's the best case to be made by a news blackout). We'll know in a few hours.
BB- I was speaking with I grass hopper. Why would I "address myself". Why would that matter to you- it shouldn't.
BLY- totally agree w/ your sentiment and your points. I did hear ONE tiny: I dislike inversions comment and then it was quickly swept away. But that begs the question : HOW. I doubt HE ever answers that. Everyone has to answer for their grand claims. Even HIM.
IGH- the recent TPP agreement, while its toothless on its face, will re-direct the flow of trade based on signators following its principals. China opted NOT to sign, which puts them at a disadvantage when competing with other countries that did sign.
At the end of the day, tariffs are the only compliance scheme/"weapon" that could be quickly used against China buying US Dollars to manipulate their currency and make China's labor pool first choice for US multi-nationals ( they manipulate in a few different ways). But try to imagine the blowback from US Multinationals and US consumers should tariffs get loaded onto the "freight".
TPP attempts to divert US contracts toward China competitors who don't manipulate their currency. IF Apple-GM-GE-MSFT-HP etc can buy labor from a TPP country at the same cost, then China will have to join TPP to compete. At least this works on paper without changing the cost to US consumers.
Free markets follow global cost advantages but allowing US Multi's to hide from US taxes is not in our interest. Maybe Apple can get the Japanese Navy to protect their Taiwan factory deals- I say that tongue in cheek because if any gun goes off the turmoil will take decades to make whole. I think HE would have a hard time convincing his own party to write tariff punishment laws for China. BUT killing the home office rule is a good first step but that can't happen until its placed on the table. Everyone is deathly afraid to do that. Even him.
Side note, check out GM's newest import, a made in China sorta SUV. Likely to rust out before those old 70's Detroit scammer cars. But it will be extremely cheap.
IGH- you might be reading him wrong. The current deal he carped about did NOT include China, but it does make China compete more with new asian tigers ( even lower cost to US companies). Basically, free trade has been our model to induce engagement and pull Asia into the world economy as opposed to making them outliers/renegades ( Bill Clinton strategy) . So its NOT a China problem. They just contract lower costing labor to US companies, the goods move free of tariffs, the US consumer buys more, the US worker is paid less or out of work, the US company fractures into subs, it then "hides" income off shore shorting the US tax coffers which is made up by US citizens in other taxes/ways. The US Navy is engaged to keep Taiwan FREE, to reign in China aggression, to balance out power in the far east. This helps goods flow freely and unimpeded. Again, the Chinese are NOT the problem, the US Senate 10 years back is the problem and I have yet to hear him say: I will rip up the home office rule. He says: I will negotiate a better deal with the Chinese! What can that deal be?
I think he's playing the middle against the noodle while protecting exactly what needs to change. "Strong armed forces", " Chinese will pay", "We do bad deals" ( ask Apple how bad their deals are in china and taiwan).
So an iPhone 6 C that sells for $690 will now be priced at $990 with his tariff threat before Apple writes a new deal book and NOT sell as much, but a Samsung phone at $550 will still sell at $550...but Apple still pays little tax, still hides its money outside the USA tax free and both Apple and Samsung still are protected by the US Navy...who wins that "deal"?
First step is change the Home Office rule...only one person has dared to even mention it. If THAT person wins the election it won't last.
IGH- that unit order to CAND. is likely over 115 units and VERY material to this investment. Why withhold material news? That is self defeating as well as dangerous.
Re: China- they have been selling US Treasuries for the last year anticipating turmoil at home...their market needs Dodd-Frank as we do also.
Now here is real low down: China and Mexico are NOT our problem, the asinine laws the senate Banking Comm wrote over 10 years ago ARE THE PROBLEM...they encourage offshoring of manufacturing, creating shell subs offshore and hiding income in those off shore subs and not paying tax on that income,all the while expecting the US navy to protect their interests... all legal but soo wrong. Truthfully," Adolf"cannot write up his own 30% tariff program to slap on Ford's cars made by Guzman in Mexico. Congress can and he can sign it but the US is not a corp.
I do like all the promises to increase the real jobs but NOT change the tax laws nor raise the min. wage---it's about as truthful-useful as an extra can of beans at a Tijuana taco stand.
Buffalo, I somehow feel you could make 37 cents a share look like a windfall...however, the job this mgt. team has done has been, as far as I can tell:
- sell and produce units based on prior gov. certs.
Their claim to be "R&D" focused has yet to prove out. But that is their story as to why they ignored the debt, ignored shareholder concerns ( you call it coddling shareholders, I call DD ongoing) and ignored the growing reputation as a mgt. team that can't shoot straight.
But to be fair, TSA was a huge mess during much of 2015. This has deprived most of the ETD niche of any visibility as to what is next...further down "fair" avenue, we have to believe that an encore is on deck, that an INLINE ETD unit is still a CRADA subject and there will be a market for it, whenever TSA comes up for air.
B9- expect a pre-lim rev. # for qtr ending Dec.15 on Monday...likely over $16M and likely to be first QTR profitable, w-debt included! This would be extremely positive as it proves the company's numbers are tracking according to guidance.
The Noble is a good place to get a deal done. The table is set, the players are suited up, we need a favorable star chart for Monday. LOL.
I track them as 18M$/yr from rest of world, plus 25M$ from TSA in just '16 with end of '15 TSA rev. being a question mark. But any lender wants to know about the second act, what comes after the B-220 fades in say 2 years?
I think the revised 150-E answers that question very nicely and its time to give it a real introduction. I would ETD scan everyone entering the Noble FREE of charge!!!!!
Pat- I think you mischaracterize mgt.'s failing. It was NOT a question of "promotion solves the problem", it was/is this: fix your cap structure AND tell the world about this amazing company and its even more amazing products/opportunities.
This mgt. chose to ignore both of those aspects of leadership.
Successful company promotion is never an INSTANT on lever that gets pulled at the last second to save the burning wreck of a company. That would be an absurd cup of advice to recommend.
But it looks like mgt. chose to focus on R&D, even while they stressed over production. ( at least this is what I have derived from listening to BM). They felt comfortable with this tact once they installed a generous change in control plan that rewarded their efforts while taking that amount from any shareholder reward.
Now the SP is problematic in any discussion while the debt is greater not lesser and time is running out. I truly hope they have a few ACES to play but the rule of leaks speaks to this...good news leaks fast and that shows in trading volume when NO news has been released. Trading volume has dropped. Maybe they have the NEWS locked up tight and are holding it for a grand reveal...
Oddly, if they have NOT worked out a positive debt escape plan, then the strongest thing we have going is the worst thing, more dilution from the lender who stands to gain the most by ISC continuing on to greater things in 2016.
BC- I think RCA can be the lead dog to pull this out of the nightmare hole its in. But they have to believe, just like we have believed and stood by this company for years. Hut hmm, ah $168,000,000 makes it easier.
Are we all about to fall victim to the Beav.? That guy could wreck a cup of coffee...he contradicts himself every other paragraph yet thinks he has the answers...
We'll know next week...the "good deal" window is still OPEN!
TED- DM is acting/selling recklessly IMO and they lose money tomorrow on what their actions of today do to the SP. This has been predicted but for the life of me, what good does it do for them in the long run? I can only answer that they know they will re-up if they have to so in effect, we are into April sort of a mindset.
This gives mgt. more breathing room, allows them to work on the handheld and inline, sell -sell - sell product and comfortably look at partner opps. This is what I like to believe and its how I am proceeding because today's SP crash is absurd from every angle, except two, which I have already spoken about and see no benefit in re-beating that can of alpo.
TED- Stops being busted is penalizing everyone. DM will stop at some point.
SHI- how did you know I just got a hair cut like JC's. Cost me $1.45, oddly.
RF- thems NOT my shares you are buying. Selling here is pathetic and near worthless. But thems might be my BIDS competing with yours.
TED- one thing you have to realize- DM knows their selling is blasting out stops so they have to be careful or they can dump themselves right into the river. That is what is going on and mgt. knows the situation and are abiding...for now.
But they HAVE to say more than a "2015 sales review" next week.
So we could be at the turn or we could be looking for the turn just around the bend.
I don't know but remember, TSA is likely going to place their Q1 order any day now and THAT can be a launch pad event for a refi or partner move.
Further, TSA's CRADA payment for inline development really re-affirms future value. TSA doesn't spend on products they do NOT believe in.