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While we await our fate here, anyone care to venture a guess as to the conspicuous absence of our CEO on the CATSA award PR? That was a big win, and cemented 100% of the No American market..
Bueller?
Not worried in the slightest. If it wasn't one minute before midnight it wouldn't be ISC. This CEO is not about shareholders and considers them a nuisance. I could totally see this having been done for weeks already and BM saying to staff "oh,did anyone release that PR to shareholders? I think it's due out and we are required to do that around now "
Buff
I'll take that $3 now please
You have a company that can't comment due to NDA's,and a CEO that has not put one ounce in to increasing retail shareholders for the last 18 months. To say this company is contour flying is like stating the earth is round. During the tenure of the former CEO, this stock traded at a levels we are now hoping will be a buyout price, and that was when they had nothing. Damn shame, but as stated it is the pinks.
In total agreement.
More plot twists than a Robert Ludlum novel,hopefully it turns out like a Frank Capra movie for longs.
Where you get in to trouble with this one is expecting anything to happen when it's supposed to. Would not be surprised to see it extended due to lender issues- this is big biz and parties involved don't accelerate the process when the feds get involved. Again, you can't script this stuff.
Not hard to think PP's recent issues haven't delayed the consummation, wouldn't be ISC without drama to the end you can't script this stuff folks.
We get it, you have absolutely convinced yourself that without question we are going to be disappointed with a sale price. You're correct in that it is a cursed stock. This 6/30 sale date is something that manifested on this board and ran amok on this board. The fact it held .50 suggests most are holding station. It will be wrapped up soon IMO. I will be glad to move on.
Wonder if Governments worldwide that have entered in to multi million dollar multi year contracts have completely vetted for solvency prior to writing eight and nine figure checks..
Tongue firmly in cheek.
More than six bits a share.
Lion's and Tigers and Bears!
No Eh? They just took a flyer on over 500 widgets for 25M without any concrete assurances that they would be able to not only deliver on the tender but provide service to dem widgets for the next few years. Or maybe they have signed NDA's allaying fears since they might know a skosh more than those on here, like they might already be doing biz with a company that is purchasing them?
Implant Sciences Awarded CATSA Standing Offer for up to 340 Explosives Trace Detectors
WILMINGTON, Mass., June 28, 2016 /PRNewswire/ -- Implant Sciences Corporation (OTCQB: IMSC), a leading manufacturer of explosives trace detection (ETD) solutions for Department of Homeland Security (DHS) applications, today announced that it was awarded a Standing Offer from the Canadian Air Transport Security Authority (CATSA) for up to 340 of its industry-leading QS-B220 desktop explosives trace detectors. These systems are to be deployed over the course of approximately the next two years to Canadian airports for passenger and baggage screening.
Implant Sciences' ETDs have been deployed to more than 160 airports over the last year. This order is in addition to the QS-B220 win last year of CATSA's competitive bid for 112 ETDs.
"Our robust systems, continue to be deployed in airports globally, deliver highly accurate and effective screening to the traveling public," stated Todd Swearingen, General Manager, Americas for Implant Sciences. "We pride ourselves in supporting the mission of safeguarding passengers around the world, and we are excited to have been selected again by CATSA."
"Our goal, as the pioneers of non-rad ETD, is to advance our products to meet the evolving needs of our customers and to surpass the performance and detection limitations of legacy trace detectors that are currently fielded," added Dr. Darryl Jones, Implant Sciences' Executive Vice President. "Implant Sciences' market share capture continues in North America and in the rest of the world. High-profile customers, like CATSA, repeatedly selecting our ETD solutions is the strongest endorsement we can receive."
Gonna mix me up a pitcher of Kool-Aid, and prepare to be delighted..
The key here is to think beyond the dummed down B220. Of course they had to give it away how else could they have gotten in the game? Should they have held gross and sold none?. Whoever buys this most likely won't be paying 15 points either. I hear you it's been a cursed stock since day one,a comedy of errors,and just about everything that could go wrong has,but we are all riverboat gamblers or we wouldn't be here in the first place.
Come on man,you've been here long enough to know they just pulled off what no other tech bellwether could.
I'm more confident now than ever. They will bag 100% of that CATSA order or I will at a bug.
BTW they are a "wildly innovate technology start up in an industry that generates revenue in the billions of dollars"
1x? It has, and as evidenced now more than ever always been about the IP. Whoever has it rules the ETD kingdom for the next decade
Drama indeed. Remaining optimistic the perpetual curse on this company will soon be at an end.
Wonder how many other OTC's are going to generate 50m in sales for fiscal 15.
NDA
Non
Disclosure
Agreement
Hold em or fold em
It will be an eleventh hour deal like always.
Next best thing to gambling and winning, is gambling and losing.
Insects..focused on the end game here.
"we're sitting in the .50's. It's a pink sheet owned by DMRJ but with a great product and a government contract so who knows"
I made that exact statement, in 2010, but with "potential" in front of govt.
Let's get granular with B220 pricing again, it will help pass the time..
Maybe the "buyer" told BM last Jan not to not say a word, as since they are writing the check they get to be the one's that announce to the world how their IP will be the cure for everything ETD. Unless of course you think they have just started this sale process recentely,there's simply no reason to remain silent.
"When you say "they have pulled it off, it's story is about to end in present form", I'm assuming you mean the sale to another Company?"
A sale certainly, but the fact they did what most thought was the impossible,getting certified and then dominating the sales globally. Look,it was a longshot then it's a safer bet now than ever,.Yes, they have screwed the pooch with lending, with a different CEO and mindset this could have been a much sweeter deal in time. I choose to think high end on a buyout# with intrinsic value, some are more geared to metrics. Take a look the post preceeding mine, 25 posts been on ihub a week and already talking about bailing. That's why no one is buying it. Now that alias could be one person with several I.D.s looking to influence green peas so they can make their 10% swings, or it's someone who either does not do their DD,or wants vegas returns with Buffet risk. Gotta hold yer mud and don't be a spud, It's when not if.
This has been a painfully brutal hold for many many years for quite a few people on here. There's faith and conviction, and then there's the unknown. One of the tradeoffs for having been here for that long is you are in an extremely small group of folk that actually knew what this company was capable of. They have pulled it off,it's story is about to end In present form. Important to remember there has been no leak of any sale, just a little whiff of smoke from some L3 literature and some 8k filings.. oh and zero fwd guidance on the recent cc which to me was a huge tell. Really important to separate the current SP from the sale,one has very little to do with the other now IMO.
Why do there have to be more people that know about the stock?. The company under current BOD has done absolutely ZERO positioning and promotion for the last eighteen months, so quite possibly the only people that DO know about it are on this board.There are only 2-3 k shareholders,for the most part they did their buying a long time ago. With some 70m outstanding shares and a daily volume of under 100k , it's invisible to the retail world, not to mention an OTC.
None, this has been waiting to be sold for years. It's ripe on the vine, waiting on June.
It's either a done deal, or he is quite possibly the most obtuse CEO in corporate history. My coin is rolling on the former.
B,pretty clear to me at least Mc Gann was brought in by the BOD to facilitate a sale. It all makes sense now. This company had one of the more compelling stories ever waiting to be told in quite few years. It could have been a media darling, companies only dream of having some of the hallmarks of this one. The only thing more astounding than what they have accomplished are the countless opportunities they have squandered on promoting themselves, why?
It's a done deal. They figured out a year ago it just wasn't sustainable with current lending and TSA greasefire and just focuaed on cranking out new patents with the tech,that's the real value here. The one or two old aliases that have become the dozen or so new one's on here might have you thinking otherwise, it's just entertainment till the announcement.
This BOD's only concern now is maxxing out a sale price, period. It was painfully obvious when they came on board investors and retail were a nuisance to them ,and we got shut out. The people that are writing the check are not in the dark like us,and we will know soon just how much they think of the tech.
Lot of reasons why there is no interest in this stock. Not the least of which is 99% of main stream money doesn't touch OTC's, and unless you have a subscription to GSN magazine you would not even know it existed,if you did refer to reason #1. Most garden variety OTC's aren't going to do 40-50m in gross sales this year either. It is what it tis, if it uncorks you will be in a very small circle of delighted shareholders. If the buyout is as low as some here are convincing you it will be (for ulterior motives) at least we can go on with our lives at that point. I look at it as win win,everyone here will end up in the green to varying extent.
Joe did win the big one, hopefully these misfits can too.
L3 did over 2.5 BILLION a Q last year in sales,currently they do not have an ETD component in their product line. ETD will be THE focus going forward globally for the foreseeable future. Ignore the debt, it will get absorbed. The real value is the patent library and established certs. I can guarantee you L3 is far less concerned with ISC's pissy debt than they are locking up a tech that they cannot afford to let a competitor get if they want to be the top dog in the sector. Intrinsic value will be the determining factor,they have one product and fifteen patents do the math. I am confident we will all be surprised to the upside. JMHO
Obviously the risk now is at it's lowest point ever. I bought my first shares at .06 when they literally were day to day on BK. It's not that company anymore now it's just how much of a payout it will bring. Noone knows this stock exists the volume speaks volumes.
Limited dry powder. I had quite a large holding(relative term) and still do, but this is the most bizzare and tormented investement I have ever owned, and the longest. Just hope for the years of frustration they pull a rabbit out of their ass- we shareholders deserve it but it doesn't work that way in life or stocks.