Shadow. The closing price was $.699; not $.669.

Incorrect.

The last trade for an OTCBB stock is the price at 4:00 pm. Form T trades can have happened anytime during the trading session and not necessarily right at the close.

Pink sheet stocks do not trade after hours. T trades are not unusual for any OTCBB stock including IMSC and are meaningless.

The only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs. You have no way of knowing when that trade occurred or the circumstances or who the market maker was.

It happens all the time on the OTCBB.

To execute a Market on Close” order, a market maker may have an order to purchase or sell the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price.

On the OTCBB the T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.

There are 4 market makers ahead of Cannacord Genuity (CSTI) on the ask
-ARCA
- ATDF (automated trading desk financial services): a market maker service used by eTrade and UBS and others
- CDEL (Citadel)
- NITE (Knight Trading)
- CANT (Cantor Fitzgerald)
- NOBL (Noble)
And then ETRD (eTrade) and CSTI

I guess CSTI has been fired. Lol. The ax varies on the bid and ask. That's the way the OTC works.

JBolan the browser is not relevant. It's either in the source code or not.

It is in the source code and is displayed in every browser on every device.

I know that but you can't sell to governments as you know if it's not qualified. The IMSC QS-B220 qualifications are of tremendous value since they are so difficult to obtain. I state the obvious.

An earnings date has not been announced yet by IMSC.

The Securities & Exchange Commission (SEC) requires companies to file earnings reports no later than 45 days after the end of their first three quarters, and their quarterly and annual reports 90 days after their fiscal year end. Companies file quarterly earnings reports on Form 10-Q or 10-QSB and yearly earnings reports on Form 10-K or 10-KSB. A company can file these reports or announce earnings publicly whenever it chooses, provided it follows the 45- and 90-day guidelines set forth by the SEC.

However, in an attempt to make information available to the public in a more timely manner, the SEC adopted rules on August 27, 2002, that saw these 45- and 90-day requirements reduced to 35 and 60 days, respectively. The tightening of filing requirements, however, affects only public companies that have a public float of at least $75 million and have been subject to the Securities Exchange Act of 1934 for at least 12 months. The change in time periods was phased in over three years, starting November 15, 2002. For the first year, companies were allowed the 45- and 90-day requirements, then 40- and 75-day requirements the second year, and then 35- and 60-day requirements for the years thereafter.

What matters is where you product is qualified. L3's OptEX is only qualified in Great Britain - but not for freight.

There is mention of it on their website. You are undoubtedly on the corporate website. You have to look at L-3 Security & Detection Systems website which is accessible from L-3's website. When your company is that large your divisions often have their own websites. That's the case here.

http://www.sds.l-3com.com/media/tradeshows.htm

The URL is not obscure. Usually spoofed message coders are sloppy. I studied the source computer code of the message several days ago and I did not see any obvious red flags. I would have to study the mta tag which is only available to the original recipient to be definite on this.

Keep in mind that L3 Security & Detection Systems has its own ETD system but it is only qualified in Great Britain and not for freight.

So the email is to me not the point. There is a logic behind a combination with L-3 if it is L-3 just as there is one with another similar player in the industry.

L-3 Security & Detection Systems (a division) has an ETD called the OptEX which is approved by the Department for Transport (DfT) in Great Britain. The OptEX is not approved for freight.

The OptEX is also not qualified by TSA or the ECAC.

So there is a needs logic to IMSC having discussions with L-3 Security & Detection Systems.

CSTI is the market maker acronym for Cannacord Genuity an OTC market maker. There are a number of market makers in IMSC shares in addition to CSTI. On any given day at least one of the market makers is what's known on the Street as the "ax" - the market maker with the most influence on the near term price of the stock. Recently CSTI has been the ax. At other times it has been Citadel and so on.

That would be nice V. Although it's fun to speculate on price, I'd rather not. I knew 14 months ago that IMSC would have limited earnings power through much of 2015 largely due to the lingering effects of Morpho's protest so I just tried to add at lower levels. And we certainly had plenty of opportunities to do that! I never buy an OTCBB stock unless I feel I can make 10 times my investment. Hopefully that will be the case here.

Thanks. Never left! Just no reason to post. I've always taken a long view and never worried much about day to day price swings.

Vintagesake - CSTI is Cannacord Genuity a market maker that makes a market in many OTC stocks.

Your comment is glib nonsense.

Glitch

There will be massive follow on orders from other governments soon imho. If it's good enough for TSA then it's good enough for ... Fill in the blank.

The end of day walk downs happen on many stocks because traders know that newbies buy in the morning. They then short trapping the newbies at higher prices while they shake the tree. OTCBB stocks are more prone to this because they have more "retail" investors.

Can't get to NASDAQ soon enough.

Patience is what builds fortunes as I have done many times and have preached on this board consistently over time. Ignore the bovinian siren songs of the shorts.

Another smart venue for IMSC to be seen:

http://www.prnewswire.com/news-releases/the-national-investment-banking-association-niba-will-host-its-132nd-investment-conference-at-the-roosevelt-hotel-in-new-york-on-sept-15-17-2014-274631901.html

Nice speech Glenn. Very smart to go to these conferences. Bringing in new investors.

Trades above the ask and below the bid typically fall into one of two categories. They are either pre-arranged block trades, or reporting anomalies.

Nice constructive price digestion today. Very normal after a sizable advance.

Government Security News
http://www.gsnmagazine.com/node/42348?c=cbrne_detection

Yes Kraken3. I agree. I'm holding through the Holidays 2017! IMSC ETD has an enormous barrier to entry. This will go much much higher in time.

Nice to speculate about but I doubt this will happen anytime soon ... At least not willingly ... And not at a price anywhere close to where we closed. The company is now on the runway ready for takeoff.

Will go much higher in time. Congrats V!

Awesome job Glenn and team!

They are within the estimated government timelines. You can contact IMSC. The phone number is on the website.

You are completely incorrect. We are still within the timelines. I have spoken with the company several times. Where do you get your information from?

You're welcome V. I've been investing for a long time and generally it's best to buy fear. Friday was likely one of those days.

I feel for you and others v. This is the 4th time in 3 1/2 years that this stock has been carpet bombed by manipulators. The first one was during the DMJR credit extension negotiations in September 2011 when the stock dropped from $.58 to $.33 in minutes on a rumor that the extension wasn't happening. The next one was in November 2012 I believe when the infamous Ben Sharvey (with appropriate initials BS) wrote the hit piece for Seeking Alpha. The stock dropped from around $1.20 or thereabouts to $.79 in minutes then rebounded as the company held a conference call that essentially said that the BS article was BS. Then last fall we had the freak out after earnings which we knew would be weak that sent the stock down to $.72. And now yesterday.

IMSC like many OTCBB stocks is easier to manipulate because it lacks big institutional ownership. Some day that will change. But for now it is what it is. The shorts who are highly sophisticated take advantage of the less experienced. Doubt me? Go read Michael Lewis's first book Liars Poker. This kind of manipulation is an art form and now with the internet it has been taken to another level.

I'm sure the shorts and their multiple identity bashers on yahoo and ih will be back at it on Monday - bashing away.

I hope the SEC can find these fraudsters but I'm not holding my breath.

Bingo Ktcougar!

I agree. Outright stealing right before qualification.

I think you would be.

I'm always on the bid too. About 10-15 cents below the market. Great way to pick up stock during the occasional panic. Just ask Ben Sharvy ...

Correct B9. Let's see ... The stock I bought at $.78 a few months ago during the bashathon is only up 42%. I think I'll sue. Lol!

Virtually every public company has these nuisance suits filed against them. ?? Tort reform where are you?

At the current price even those who "overpaid" for IMSC during the spike should be at break even. Great time for them to sell so that this board is only left with longs with conviction and professional bashers.