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Hey, I tried keeping up with the case over the last months, but there were so many filings I got lost with it all. I can see that Implant Sc changed name, but what was the short version summary of final court proceedings? Was there any compensation offered to ordinary shareholders?
Quite seriously...which firm is representing us exactly?
Looking for info on litigation case.
As a shareholder who lost a lot with IMSC investment, can someone here please provide a reliable contact link to those representing ordinary shareholders? I'd like to add my name to the list of those seeking compensation.
Thanks in advance.
Could I ask anyone in the know, the contact details (or appropriate links) to those leading the investigation/class action into IMSC and Platinum on behalf of ordinary shareholders? I also lost out so want to be aware of what's happening. Thanks.
Anyone out there who heard the call and can summarize the main points? I missed it...
"This is really simple: our shareholders are our most important priority; this of course goes hand in hand with our operational success. Right now, we have outstanding successes -- not all of which can be announced at this time -- and we want ALL of our shareholders to benefit large or small from the Company's achievements, as this was our purpose ... in the first place. We have so much to be proud of and ALL of our shareholders who have been with us through thick and thin over the years deserve to enjoy their piece of our successes. This momentous but simple message goes out to ALL investors and shareholders who have played such an important part of OUR successes,"
This was a message from a CEO of a small company a few days back. And it wasn't just words. He followed up by giving his own shares to shareholders as dividend repayments, for a variety of reasons not needing elaboration here. Proves there are management teams out there who care. Proves also that IMSC's is not one of them. For 18 months doesn't care a rat's ass for any investors except DMRJ and themselves.
Re: Wocket...I think the company needs the media to do something like this: without it, there's no hope!
RE: getting the word out: Just tweet the major business reporters at major media. I just tweeted a major figure at CNN. IMSC is a relatively new player on the block, but importantly it's an American company doing its bit against terrorism and with orders being shipped to TSA. That ought to be newsworthy. Tweet NY Times, Washington Post, Fox News, NBC, whatever and whoever, and encourage them to report it. Sure, management should be doing this, but well, they're busy, so let's help them. Send today's announcement link to these media firms.
http://phx.corporate-ir.net/phoenix.zhtml?c=88760&p=RssLanding&cat=news&id=2120995
I have just called in the last minutes and left my complaint on Robert Liscouski's answering machine, specifically about management needing to step up and act properly in addressing the SP slide and shareholders' serious concerns. I urge all others to do the same today. The more they are bombarded at once, the more they will take notice
It doesn't matter whether someone bought in thinking it was bottom. The point is, people did buy stock thinking that management would support all shareholders. If they don't allow proper Q-time at quarterly briefings, then they must get the message loud and clear, that we, regardless of our many opinions, have had enough of this ridiculous decline in SP. Hassle them. Call them. It's your right to do so, and your money. There has to be a better way from management to ensure that every shareholder wins, not just a few.
The only replies I ever received when writing the company were from GB. And he took lengthy calls too. Since his departure, I have sent several, via the website, and management never bother to reply. That doesn't mean we should give up. Phone them. Everyone who has been holding shares long. Just bombard with calls. If we all do it, they will get the message that we are seriously concerned and that they need to act.
And still want to know when and at what price are management options executable. Anyone with info on that?
Here's management direct contacts. It was on their site after all.
And they have a fax! We can continuously loop complaints. Everyone should contact them, either way, every day!
IR Contact
Robert Liscouski
Director
500 Research Drive
Wilmington, MA 01887
Phone: 978-752-1700 ext. 116
Fax: 978-752-1711
Yes, let's do that! I know someone who 15 years ago faxed an invoice on continuous loop to a company that hadn't paid him for a job 10 months earlier. When the staff turned up the next day, the room was full of paper. It worked. He got paid the next day.
Well, faxes have gone, but who has contact numbers for IMSC? Last I checked they didn't supply one on their website.
And does anyone know what existing options management have, and at what executing price and when they expire?
Shall I conclude from that then, that you and your majority are over-the-moon happy with the share price Nowak?
Except that it doesn't drive this particular company's share price one iota, because the management does not bother addressing reduction of debt and expenditures/better financing.
Of course I will hold, but management's attitude is contemptuous of late. As shareholders we are also part-owners of IMSC. Every supporting investor could and should benefit, if only the management could show willingness to grasp that. Let's see how they handle this quarter's results when they come in 2 months. Meanwhile, they have an Investor Relations link on their contact page to express any supportive 'alternative guidance' suggestions. I did that last night.
Good luck!
Whatever the intentions, the point is: there are complaints, and generally when complaints pop up - whether at work, home or elsewhere and even if in a minority (a minority doesn’t imply that the majority must be right btw!) - then people and in this case management should listen and address them in a way that, whilst not 100% perfect for everyone, is as close as possible to that.
They are doing an excellent job winning contracts - I don’t deny that and yes they are nice and rosy about it though hardly busting the news out to the major media. But they are doing a hopeless job at managing the share-price manipulation. They could do it in a manner that suits ALL supporting shareholders. They could find a way if they put their minds to it of satisfying not just DMRJ but all long-term investors. However, they don’t and they have given the impression at shareholder meetings of not wishing to properly discuss or inviting solutions associated with people’s complaints about this or the associated relieving of the debt.
Why are there not more complaints, some ask here, and why are the resolutions passed so handsomely at annual meetings? Regarding the latter, considering who owns most shares and what's to gain, that’s a given shoe-in. As for the former, I guess we’ll never really know whether the switchboard is lighting up or not at shareholder meetings but it is convenient and easy for any team to control proceedings and limit such prickly questions. Not every call needs to be taken you know. I wrote them prior to the last shareholder meeting - for the reason that I couldn’t manage to call in - but my concerns were hardly addressed and received no written response either.
Maybe they feel they can be aloof because they are winning so many contracts, but bottom line is: a share price which used to be 1.80 is now 60% down on week after week/month after month of positive sales. And that is a joke. It’s like hitting winners one after another at the US Open tennis final but not being given the points. In this case, the umpire is the management. The match is good, they’re making sure the show keeps running but when there are boos in the crowd because the score is incorrect, they deserve to be highlighted and rapped over the knuckles for it.
If they don't care then they ought to have stayed a private company in the first place. If they do care, they should openly and publicly acknowledge a willingness to restructure debt, show a ambitious willingness to uplist to a better exchange, shout a willingness to highlight their winning streak to the media at large so that investors start noticing more, and finally, a willingness to demonstrate complete and balanced managerial skills, not just one-sided interests. That wouldn’t take attention away from continuing and driving a platform for sales success, but it will give the chance to attract alternative and additional public and private investors, and that will help the share price up to match those increasing sales. The supporting of a company’s innovation over several years should not be punished, it should be rewarded, regardless whether that support is from large institutions or mom-and-dad investors.
Look, this might be a naive suggestion but: is there any way we can collectively approach the whole management team, short of a class-action, where we can address them in a constructive manner and get them to understand they can and ought to represent us better, to convince them to start paying off the debt now, to find better institutional investors than DMRJ and to get the share-price moving north? Obviously they don't like to be put under pressure during conference calls when DMRJ is listening in. But bottom line is, that there are so many here over the past 6 months who have been affected by this intransigent management approach, and it is absolutely crazy that after 870 unit sales since April in Europe, plus TSA plus other sales, that we cannot budge from the 65-80 cent range - a range representing a 60% reduction from the high of 1.80. It’s not just completely disheartening but it seems almost corrupt that they are allowing manipulation of the stock price like it has been for the past year.
What about if someone drafts a letter which we then all send to management simultaneously? It has to be a well-planned, non-confrontational presentation of why we feel we are not being represented and suggestions for other and real alternatives to fixing things. Though I have been invested in this company for 4 years, I am not the person to write such a letter because my technical understanding of options/warrants and other financial lingo and solutions doesn’t suffice, but for example, Mas, you seem to have a pretty clear sense of reasoning, could you perhaps? Draft something, then put it on the chatboard, we collectively suggest amendments and then when finally finished, we each send it en masse to management under our own names/emails.
Since we don’t believe the Board of IMSC is doing a good job and we have many valid opinions expressed on the wall here, the next best thing we can collectively do is put our heads together and create an alternative guidance plan for them as a team of investors. It shows them that we are serious in addressing this problem. And I think Glenn Bolduc should be involved somehow, if anyone has his details. He is obviously not on this forum, but maybe we can somehow locate him and send the final draft to him to get his opinion? Why? Well, I know that he wasn’t popular amongst all here, but he had the balls to show up at the last call in person and put the management a little in their place on certain details, which signifies that he probably still holds an interest in the share price and believes, like us, that something is not quite as it seems and that it should be much higher by now. C'mon, let's seriously tackle this issue constructively to management.
With all of that said and done, the bottom-line problem is, who the heck is listening to these achievements? Very few it seems. IMSC needs new investors. Sitting on the OTC is useless. Unless management pulls its fingers out and begins to hit the news-wires properly, this will in all likelihood go nowhere as far as SP is concerned.
If only Warren Buffett would invest in IMSC..
ah hold on, could this be his address? berkshire@berkshirehathaway.com
Feel free to write him. Yeah, I know, he generally stays clear of OTC, but what the heck, at such a low price and orders piling in, he might be willing to listen and buy up.
Would certainly help the longs!
True, but it's a better outcome than what we have now. I'm inclined to write to L-3's Chairman, CEO Michael T. Strianese now, if only I could get a direct email. Anyone got it? Option 2: get Warren Buffett to buy up big, though of course he avoids the small exchange stocks like the plague, probably to avoid dealing with dubiously-run companies like this.
Since you asked: FVRG. Interestingly it was experiencing non-stop qoq growth, often in triple digits and up to 250%, over 12+ months and its share price went from a high of 1.80 to 70c, sitting painfully at the bottom end for way too long. It finally jumped. That pps sounds familiar, huh? Different sectors of course but interesting. Let's pray that IMSC does the same, soon.
(Just released figures)
FVRG
Three month period ended March 31,
SUMMARY OF OPERATING RESULTS
2015
Revenues:
$ 17,198,940
2014
Revenues:
$ 10,536,402
Let the management know. That's my suggestion to longs on this board. See:
(http://www.forevergreen.org/Investors/index.html)
I did just that earlier this week by direct email, politely but strongly and constructively suggesting that they need to do a heck of a lot more to get investors on board and that the CEO Mr Williams needs to up his game big time because he seems to display total nonchalance towards investor relations. Step one IMO: upgrade to a better, more professional exchange (S&P, Nasdaq) because no serious investment firm will support an OTC company. The proof being that with all the good news the past 12 months, they haven't stepped in yet.
Maybe, but FVRG would certainly add to NUS product-line and balance.
Just released today: ForeverGreen Worldwide Corp. Reports 229% Increase in 2014 Revenues to $58.3 Million; Gross Profit Increased 253% to $45.9 Mi...anticipated 50%+ sales growth during 2015 and 2016”
They keep growing...
Everything except moving to a better exchange and getting serious investment firms buying up. Management have been absolutely shockingly unsuccessful in that regard.
There has been an organised, continuous dumping of this stock by some party every day for the past 12 months. It has to finish at some point. I really hope soon.
But yes, otherwise agree with you, they are doing great.
Where is that protest news posted? I can't see any reference to it..
I wonder whether NuSkin might be interested in acquiring this soaring MLM? Forevergreen (FVRG): It fits the bill, healthy products and profit-wise. 90-100 million revenue per year expected, an increase of 45% over the previous year's expected growth, and 12 months of consecutive MoM triple digit revenue growth. Pretty impressive!
Also good...As part of the award, a helping hand: ''In addition to the recognition as one of the most promising healthcare companies in the region, CytoSorbents will receive business strategy, business development, accounting, legal, and employee recruitment assistance to facilitate its further market penetration into the U.K. market with distribution partner LINC Medical Systems Ltd.''
Well said Maeberly! That's the type of well articulated and long-term reasoning that has been missing from this discussion for the past months. CocaCola wasn't built in a day either. At least that company could rely on enthusiastic public support back then. I guess people had more patience back in those days.
Thanks for this clarification to one aspect of my deleted comment.
I could imagine a buying/selling opportunity transpiring by Sept 30, but that still doesn't necessarily mean that the deal is finalized on paper and publicly disseminated by same date. So for those people demanding that, please don't.
Tell the airport security staff about the recent TSA approval.
Today I was travelling through Stockholm and after I passed through security, I pulled one of the supervising officers aside and told her about Implant Sciences and the trace detector and its approval yesterday. She hadn't yet heard of it, but I promptly wrote her the details to check it out online with her top boss. She was keen to hear about it.
Every long supporter of Implant, whenever you are travelling, take a few minutes to let them know of the superior, industry-leading qualities of the QS B220 and if they don't know about it, give them the homepage details.
Let's spread the word far and wide!
Judging by a response to my queries to management on various issues (things which I expect were probably spoken about at the conference call, which I couldn't hear), they are open and listening:
''As a company we consider building shareholder value our number one priority. In order to accomplish this we must do four things:
1) Improve sales, earnings, cash flow and other financial metrics on a consistent basis
2) Communicate our progress on a consistent and timely basis
3) Create more exposure for our company in the public markets
4) Respond to shareholder inquiries in a quick and efficient manner
We are taking steps on each of these. Obviously you have seen a substantial rise in sales. Gross margins should continue to improve as logistical efficiencies and pricing leverage continue to occur. Non recurring expenses will continue to lessen and net margins will continue to improve.
They aim to hold more regular conference calls and are also listening closely to views raised by shareholders on management stock purchases. We'll have to watch as to when and if that happens, but it is a good sign.
I probably cannot make the call on tuesday because I am out in the bush for 4 days without internet. Feel free to push the issue on my/our behalf (if you are planning to call in, otherwise anyone else?). The more others mention it, the more chance they will act.
re: manipulation, well shall we agree to say: it is relentless selling, almost every day with intent, and with a noticeable pattern - early and late trades in bulk. Someone or some firm is trying hard to keep the stock price low, for whatever reason. Today we went backwards again.
Question about debt needs addressing. Worth bringing up on tuesday's call for sure if you can phone in. Or if not, write to them now and ask them to address it at the call.
Here on ihub: Statement of Changes in Beneficial Ownership
http://ih.advfn.com/p.php?pid=nmona&article=63277410
Well, suddenly comes an announcement today: Jack Eldridge, the CFO of FVRG, has purchased 8200 common shares at 98 cents on Aug 14th.
Is this a sign of more to come from management? We hope so!
I have written the following to management earlier today.
''... My concern, shared by others, is that the share price of ForeverGreen - even after your excellent results and outlook reported this week - is still being manipulated by someone or some firm that must have bought a huge amount of your stock early on and seems un-relenting in their selling over the past 6 months. It seems that the only way for FVRG's stock price to rise is for management to start buying some shares themselves. However that be financed, management purchase of common stock at what is now an attractive low price of 96 cents would demonstrate unequivocally to the general market and fellow shareholders their strength of faith in the company.
Common shareholders are aghast at the share price continually being held down. Pushed to as low as 85 cents just a few days ago, and although since up 10 cents, someone still continues to sell large chunks of shares every day, typically first thing in the morning and then towards days end. It has been done for 6 months now, starting when the price was close to $1.90 and it is clearly stopping the share price from rising to where it belongs. Yesterday's announcements should have pushed FVRG at least 20-30% higher. By day's end we finished only 3% higher, mostly due to the selling of large chunks at the end of the trading session.
Clearly there are not enough individual investors out in the world capable of countering the regular selloff and we all know that investment firms will not invest in FVRG whilst it is still an OTC stock. Short of reporting the problem to the SEC, the only way to counter is for management to visibly buy some shares themselves. With such a low float, this would have the effect of pushing the shareprice up significantly and showing investors that you have full faith in the direction of your company. It would also ensure that long-time shareholders need not sit in fear of large reverse splits to allow for an uplisting to a more significant stock exchange, an uplist that is surely soon needed to get institutional investors onboard.
The company, as management and existing shareholders can see, is doing remarkably well. FVRG should be a minimum of $2.75 or higher right now based upon current figures. Instead we sit at mid-90 cents. So how about some real stock support from management here? Your shareholders, present and future, would appreciate that enormously, for we are the only ones not enjoying the successes of ForeverGreen and that needs to change.''
Anyone else wish to put a little pressure on management regarding this issue? They seem to need a push. Try craigs@forevergreen.org
What is the fair value on FVRG based upon 2014 earnings expectations vs debt? Anyone?
The Supreme Court had a chance to change the rules regarding these types of frivolous litigations just two months ago. In fact they had the chance to abolish them altogether. Unfortunately they got weak-kneed and decided to alter it only slightly. It is common practice apparently in the US.
http://www.forbes.com/sites/danielfisher/2014/06/23/supreme-court-leaves-fraud-on-market-intact-but-makes-life-harder-for-securities-plaintiffs/
I have complained in clear terms directly to the law firm in question. If you plan on doing the same, be very careful with the wording, because they can easily twist comments. Stress how professional the company directors have been over the years. But even more importantly, I am also now complaining to the SEC about the manipulation of this stock by both this law firm's absurd actions and others whose only intent is to slander the CEO and other management of Implant Sciences multiple times on a daily basis through chatboards. Most times it's done in such an obscene fashion that you just have to question where morals and decency disappeared to in contemporary society. And sorry to all the decent Americans out there (respect to you), but really, every time some politician says God Bless America, I roll my eyes. It is so hard for great young companies to succeed in the US these days because so many people online - a great majority are seemingly Americans themselves judging by their own comments - spend every day slamming their emerging homegrown companies. I bet this wasn't the case when Coca Cola and the like started back, in decades long gone. That support was the foundation of industrialized America. Where's that support gone? Anyhow, I digress...complain to the SEC too.
Great! And I just replied in length via the L & K homepage about how disgusted I and all serious shareholders are in their ridiculous investigation. Totally pathetic behavior!