Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No, it's gen1 by Northop Grumman that doesn't work. The gen2 System was not considered, as it was too expensive and because Northop Grumman could only produce simulations of its detection system, not real live tests... Why PSID's system was not considered, however, is also a mystery to me...(could be a lobbying issue, but hey, apparently PSID has Boeing on its side)
Here the link with more info: http://beforeitsnews.com/middle-east/2015/11/dhs-1bn-biowatch-alert-system-doesnt-work-gao-2538348.html
Yeah, I guess you are right. Stocks won't fall due to this news as we have these two nice press releases backing it up- However, gen-3 would have been the booster for double-digit cent share prices imho.
and i can't sell anyway. My b/e is at around 0,35 ... have to sit this one out for a couple more years :/
This is horrific news. I guess they will be announcing this during the day, according to the biodefense news article .....
f****
Wow! It is worth checking by every now and then :)
Let's hope that the results will impress and get this stock finally rolling.
Long term: very long
Mid term: long
Short term: short/sideways
Bipartisan Committee Leadership Requests GAO Study of BioWatch
August 2, 2013
http://energycommerce.house.gov/press-release/bipartisan-committee-leadership-requests-gao-study-biowatch
Link to the original letter:
http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/letters/20130801GAO.pdf
check my post #11352 below in which I linked the same article
Autonomous Detection Sought for BioWatch Surveillance Systems
(http://www.hstoday.us/briefings/industry-news/single-article/autonomous-detection-sought-for-biowatch-surveillance-systems/66ce59931621e57a1f6105db8f000bd9.html)
Article restates that:
1) Currently, there is no Gen-3 program, as it is on hold pending an independent analysis of alternatives [AoA]
2) DHS will receive results of the AoA later this summer, and a report is expected in the fall (as Caragol keeps stating in his promotion interviews).
This IMO means they will definitely check out PSID/Boeing and should - if PSID is not lying about its M-Band specs - be one of the main contestants in fall 2013.
Moreover, the point of care needs of the next BioWatch Program makes me hopeful that PSID's Firefly DX may get funding and we will either see a joint solution with PSID M-Band/Firefly DX or PSID + another solution.
This makes me hopeful that PSID should secure a big part of the next DHS cake (as we are the alternative to NOC, which did very badly) - if PSID doesn't go belly up before.
Well it does clearly state:
SESSION III: REVIEW OF POTENTIAL TECHNOLOGIES FOR THE BIOWATCH PROGRAM
Session Objectives (cont.): Explore the potential use of four families of technology for the BioWatch program 1) nucleic-
acid signatures 2) immunoassays and protein signatures 3)genomic sequencing 4) mass spectroscopy.
It does not include PSID's monoclonal antibody-based toxin detection - why?
This seems all very odd
Why is NOC invited to this panel, next to several other companies, but not PSID???
http://www.iom.edu/~/media/Files/Activity%20Files/Research/Biodetection%20Systems/2013-JUN-25/BioWatch%20Workshop%20-%20PUBLIC%20AGENDA_6-4-13.pdf
Ok, I misunderstood that, as they were talking about fiscal year 2014, in which gen-3 was to kick off.
So what does this whole hearing mean? I mean the document provided by mainebuys (that can be found here: http://docs.house.gov/meetings/IF/IF02/20130618/101001/HHRG-113-IF02-20130618-SD003.pdf) prior to the 18 june hearing does also say that among other aspects the bad performance of gen 1, 2 and 2.5 may lead to a cancellation of gen-3 ...
I have not found any timeline for a decision on gen-3 anywhere since the june 18 hearing...did u find anything?
Homeland Security Agency Vacillates on ‘False’ Bioweapon Warnings
(www.nti.org/gsn/article/homeland-security-agency-vacillates-false-bioweapon-warnings/)
June 20, 2013
By Diane Barnes
Global Security Newswire
WASHINGTON -- If a proposed multibillion-dollar biological attack warning system alerted U.S. authorities to a microbe that turned out to be harmless, could the warning be considered “false?” The Obama administration still has not made up its mind, a U.S. official said on Tuesday.
An existing biological-weapon network raised more than 50 such alarms in six years, but the Homeland Security Department has rejected use of the word “false” to describe them. Last year, a DHS official instead called the warnings “actionable results” for state and local leaders to consider in assessing the need for an emergency response.
The parsing of words could take on crucial significance as lawmakers consider the push to acquire and deploy a third generation of detection gear for the Biowatch network. In more than 30 U.S. cities, Biowatch sensors routinely sample the air for organisms that could alert officials to the spread of a deadly disease agent.
Technology for the system has cost more than $1 billion since 2003. Congressional auditors estimate that the new equipment would require nearly six times that amount to roll out and maintain over a decade, according to a House committee briefing document.
The department has not yet decided if an alert from the planned system should be labeled “false” if it flags out a harmless microbial cousin to a potential biological-weapon agent, DHS Biowatch Program Manager Michael Walter said in response to a question by Representative Renee Ellmers (R-N.C.).
Citing one source of prior warnings, Walters said the system previously could not distinguish innocuous forms of tularemia bacteria from “subtypes of these organisms that actually cause the disease.”
“What we were detecting was actually there. It was Francisella tularensis,” Walters said, referencing the tularemia species that includes benign and potentially harmful bacteria.
The government has begun using filters capable of identifying certain strains as harmless, a top official for the Centers for Disease Control and Prevention said at a Tuesday hearing of the House Energy and Commerce Oversight and Investigations Subcommittee.
The “Biowatch Generation 3” sensor technology would be designed to automatically conduct routine air sampling for dangerous organisms like tularemia and anthrax. As things stand, laboratories must regularly remove and analyze filters from Biowatch sensors, producing time lags that Homeland Security officials believe could delay a response to an actual biological strike.
House appropriators cited Generation 3 procurement delays when they moved this month to slash (http://www.nti.org/gsn/article/dhs-house-appropriations/) Biowatch funding $11.1 million below the Obama administration’s $90.6 million request for fiscal 2014.
The Senate Appropriations Committee has not yet scheduled its markup of the House legislation, a spokeswoman said on Thursday. Panel representatives did not comment by press time on possible future funding details for the Biowatch program.
Hi,
I got some at .15 and most around .18 and .19
Well, then I must assume you really are pisd. I would be, if I had held onto a share for so long and failed to secure my investment with a stop loss.
Currently buying...25.000 filled ...
lol! Maybe I should always log in substantial lower buy orders. Maybe that will push the price to unseen territories :)
Let's see where this goes. I logged in a buy order at a "slightly" lower pps for 70,000 shares. Maybe MMs will fill the order and drive my break even to acceptable levels at last (after two years of double-digit losses)
Then I may actually jump ship and invest in a major gold mine that offers dividends and posts revenues every quarter ;)
Yeah. I had been a firm beliver in this company - despite my bad feelings surrounding the RS.
Now, I really feel robbed!
I say we demand the official results of that vote, cause it was never published according to my reading.
I AM UTTERLY DISGUSTED
THIS COMPANY IS AN ABSOLUTE DISAPPOINTMENT.
IF THE RULE OF LAW WERE NONEXISTENT, I WOULD VISIT CARAGOL WITH A BLUNT AXE AND BEGIN DILUTING HIS ASS!
sorry, I meant the number of authorized and unreserved shares will rise from 10,102,543 to 423,601,864. This is what they want to use to pay off their employers.
Currently 100 million shares will only cover 1.75 million dollars for salaries. Considering Bill already takes a lions share of that sum, he needs to raise the ammount of unreserved shares from 10 million to 423 million, which would be around 69 million dollars for salaries etc.
I think that number is relevant, as 90% of the 100 million shares are tied up "for issuance upon exercise of outstanding stock options and warrants, and the conversion of confertible securities".
I must say: that is completely wrong, even though I am also voting "no".
If R/S does not happen and the deal pushes pps to $1 then the same deal will drive the pps to $10 after it was split 1/10.
The issue about reverse split is that outstanding shares will rise from 10,102,543 to 423,601,864, giving PSID a better chance to further dilute share price.
If they do not push through the reverse split they will have to pay their employers cash or buy back shares from us, the small shareholders - and we will not sell at any price close to $0,5 - $1 based on the company's potential.
In short: I think they are
a) shaking the tree and trying to frighten the small investors out before they make a deal
and/or
b) finding a way to pay their employers with shares without driving the pps up themselves.
"Also, if you look at our A/S of 470M, we are pretty much at that limit with the outstanding and various reserved shares. So you either do the R/S, or have to increase the A/S."
Why?
If there are no more outstanding shares, the laws of free econonmics - supply and demand - says that people will sell their issued shares at a price they like.
If the company wants to pay their employees with shares then they should buy back those shares from the investors at a price "the market" wants.
This will break the deadlock on the price dilution and help all shareholders - employees, john doe and even the board.
Vote NO for R/S till contracts are awarded
I do not know whos post you are commenting on, but the more veteran members do not consider this company to be worth 3 billion once the contract is awarded.
look at robscts posts for better insight.
However, I agree with you that a contract will move psid in the $1 range, and not necessarily catapult it to $6, as rob calculates it.
PROXY VOTE
Hi board members.
I cannot vote using the proxy statement. When on proxyvote.com they ask me to insert a control number. Does anybody know where I can find that???? The material on PSID site seems incomplete. I can only sign with my name and vote on sheet 27 of 28 on the pdf. This cannot be all, I should have the chance to include more info, such as shares owned etc.
I really wanna vote "no", but it looks as if my million + votes are gonna go unheard.
THX for help asap.
I use an online broker in Europe. I do not expect any help from them.
I will send alison an email and ask for advice.
Small Stockholders Need to be Represented
We need to pool all small stockholders opinions in one voice.
As of now there are 470,000,000 authorized shares and 362,064,476 outstanding shares.
The BOD and Ironridge own a total of 89,173,798 shares. That means that 272,890,678 shares should be owned by other people/institutions.
If we get at least 100,000,000 shares on our side, we have a fighting chance to get that "no" vote.
How about finding and financing a lawyer for that event on April 18, 2013, who can represent us and formulate our concerns.
1000 shareholders could easily finance a lawyer for that by paying around 20 $ each.
So, if I sign the proxy on page 19 of 20 of the pdf I downloaded from here http://files.shareholder.com/downloads/ABEA-3Y7P8E/2363214367x0xS1398432-13-140/1347022/filing.pdf how do they know how many shares I own i.e how many "no" votes are counted?
Is my first and surname enough, or do I need to include an id number of sorts?
Sorry, I really cannot find this out myself right now.
"The undersigned hereby appoints William J. Caragol and Allison Tomek, and each of them, with full power of substitution, proxies of the undersigned, to attend and vote all the shares of common stock, $0.01 par value, of PositiveID Corporation, a Delaware corporation, which the undersigned ... "
How on earth can the par value be $0,01 ???? the stock never went under $ 0,011. The par should be around 0,02 or even higher based on the moving averages??? This seems very odd.
I am also voting "no" with my 1,120,000 shares.
Is a Reverse Stock Split Good or Bad?
Increased Marketability
Low-priced stocks are generally riskier than higher-priced stocks, so many investors shun them. Many institutions only buy stocks that sell for at least $15 a share. By increasing the stock price through a reverse split, a company makes its stock potentially available to more investors.
Margin
Most stocks below $5 a share are not marginable. When the price is increased above $5 a share, many investors and traders may start buying the stock because it is marginable or increase their current positions by buying more on margin.
Listing Compliance
If a stock price drops too low, the company may be in violation of listing compliance, meaning that if its stock price does not increase above a certain threshold by a specified deadline, the stock may be delisted from a stock exchange. Delisting is often a death blow to the shareholders, who won't be able to buy or sell the stock. A reverse stock split may save a company from delisting.
Access to Financing
A company in financial trouble may be in need of a capital injection to survive, but potential investors will want assurances of a reasonable return on their investment. A low stock price is a disincentive for them to invest. A reverse stock split may make it possible for a company to attract investors and raise capital.
Sign of Turnaround
A low stock price, particularly in a well-established company, is often a sign of financial trouble. A reverse stock split by itself will not save the company, but it is often an indication that the management is taking steps to reverse the slide and turn things around.
.....
Charles Kaplan, president of the investment consulting firm Equity Analytics, told Bankrate.com, "It is usually a very negative sign when a company reverse splits their stocks." But how the market reacts often depends on what else the company is doing to reverse its fortunes. If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship.
why on earth are you trading this stock on half pennies?
If you want 20 - 30 % gains in a few days, speculate with options. That is far more predictable.
This has long term and 1000%+ gains written all over it. I am certain you will be very annoyed when you wake up to 0,2-0.3 $ and later 1 & and more per share.
JMHO
8-K filing details
Item 1.01 . Entry into a Material Definitive Agreement
On February 20, 2013, PositiveID Corporation, a Delaware corporation, (“PositiveID”), issued a press release announcing it entered into an Agreement (the “Agreement”) with Smart Glucose Meter Corp., a New York corporation (“SGMC”), Easy Check Medical Diagnostics, LLC, a Florida limited liability company (“Easy Check”), Easy-Check Medical Diagnostic Technologies Ltd., an Israeli company (“Easy Check Israel”), and Benjamin Atkin, an individual (“Atkin”), pursuant to which PositiveID has licensed its iglucose™ technology to SGMC for up to $2 million based on potential future revenues of glucose test strips sold by SGMC.
Pursuant to the Agreement, PositiveID granted SGMC an exclusive right and license to the intellectual property rights in the iglucose patent applications; a non-exclusive right and license to use and make a “white label” version of the iglucose websites; a non-exclusive right and license to use all documents relating to the iglucose 510(k) application to the Food and Drug Administration of the United States Government; and an exclusive right and license to the iglucose trademark. PositiveID also agreed to transfer to SGMC all right, title, and interest in the www.iglucose.com and www.iglucose.net domain names.
In consideration for the rights and licenses discussed above, and the transfer of the domain names, SGMC shall pay to PositiveID the amount set forth below for each glucose test strip sold by SGMC and any sublicensees of SGMC for which results are posted by SGMC via its communications servers (the “Consideration”):
(i) $.0025 until SGMC has paid aggregate Consideration of $1,000,000; and
(ii) $.005 thereafter until SGMC has paid aggregate Consideration of $2,000,000; provided, however, that the aggregate Consideration payable by SGMC pursuant to the Agreement shall in no event exceed $2,000,000.
The parties to this Agreement were parties to an Asset Purchase Agreement dated as of February 10, 2010, pursuant to which, inter alia , Easy Check transferred to PositiveID certain intellectual property related to blood glucose measurement devices. Atkin and PositiveID were also parties to a Consulting Agreement dated as of February 10, 2010 (the “Consulting Agreement”), pursuant to which Atkin agreed to provide certain consulting services to PositiveID. In connection with the Agreement, PositiveID and Atkin agreed that the Consulting Agreement be terminated.
PositiveID’s Easy Check breath glucose detection device and associated intellectual property is not included in the Agreement and remains the property of PositiveID.
A copy of the Agreement will be filed as an Exhibit to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The description of certain terms of the Agreement set forth herein do not purport to be complete and are qualified in their
Doesn't a licencing agreement always include a percentage of the profits that the selling company makes - in this case Boeing?
As I understand PSID gets 2,5 million up front and then gets an unkown percentage from each sold unit. (usually up to 10 percent?)
That is where the money lies in the deal IMM
Exactly! The red notice states that they are not accepting new participants.
The latest update of the clinical trial was December 2012 and in that update it still says that they are due to end by April 2013.
I see no problems here.
Nonetheless, I agree with Sparky. People are now starting to get too easily excited. Let's wait for revenue in a 8-K filing. Then I will start getting excited.
Hi World Cruiser,
I would just not look at the share price till it starts moving in cents - not 0.1 cent moves.
That is where the stock belongs. In the +1$ range, IMO around 3-6 $ is fair value if they get their first sales under the belt...
And if it does fall to 1.8 cents again or lower, I think I will buy another 700k and push my break even to below 3 cents :)
Sentiment: VERY LONG long term
I don't think so. Facebook stocks are completely overvalued.
I will buy Facebook when it hits $6-50 - $7,-, which would be fair value, considering it has a horrific P/E and is mainly based on hype.
PSID on the other hand has got game changing tech and intellectual properties thta is waiting to hit the global markets.
PSID will easily outrun FB IMO
Hi madmaxd2,
I have been following PSID (previously known as Verichip) for more than 4 years now. I came across the company, as it had a patent on an implantable microchip, which I consider to be the future of our coming cashless society - like it or not.
After the bad news came and the public rejected the idea (for now??)
I kept an eye on the company and was positively surprised (no pun intented) that PSID had pivoted very succesfully, developing the glucochip, iglucose and acquiring Dragonfly and Mband tech.
Why such a long answer?
I have been looking for a home run for some time now - remembering the day I had been walking from school as a kid, thinking that I would love to find the next Nokia (maybe you can guess my age now ;)) - and I think this could well be it.
So let me say this: I do not want to merely make 1 million dollars with this deal, but rather hang on and ride the whole storm. Maybe I will sell parts of my shares on the way up to finance an odd luxury trip to Las Vegas, but I do want to run this up quite a deal higher than 1$ per share.
Now, let's all look forward to the coming RFP, which will certainly lead to massive stock movement - which I really hope and think will drive the stock to 1 $ area and abvove within 2013.
If it does, I will actually come to the Bellagio from good old Europe and celebrate with you all :)
Oh, and a merry xmas to you all too
Really Robsct, now you are crossing the line. Are you saying I faked this email to pump the stock???
Sad.
IMO we learn from this email that
a) SAIC, as I had said in a previous post, does not consider this teaming agreement news-worthy (based on my xp working in PR for a billion € company and its m.o. regarding cooperation with small partners)
b) by not denying it, SAIC has confirmed its legitimacy in a way. (as a false press release is easy to deny and does not harm SAIC)
c) Robsct has never tried to contact anybody, and is merely talking PSID down like a broken record - regardless of what information one offers him.
[Strongwave]
Thank you for your request. We generally do not disclose teaming agreement information.
Regards,
Paul Levi
Paul E. Levi | SAIC SVP-Director of Investor Relations | Corporate Finance phone: 703-676-2283 | mobile: 858-405-0764 Paul.E.Levi@saic.com | saic.com
Science Applications International Corporation 1710 SAIC Drive, Mclean, VA 22102 NATIONAL SECURITY ? ENERGY & ENVIRONMENT ? HEALTH ? CYBERSECURITY This email and any attachments to it are intended only for the identified recipients. It may contain proprietary or otherwise legally protected information of SAIC. Any unauthorized use or disclosure of this communication is strictly prohibited. If you have received this communication in error, please notify the sender and delete or otherwise destroy the email and all attachments immediately.
Comment: Dear Ladies and Gentlemen,
Last week I stumbled upon a press release by PositiveID Corporation, announcing it has signed a Teaming Agreement with Science Applications International Corporation to pursue the Defense Threat Reduction Agency Indefinite Delivery/Indefinite Quantity Multiple Award Contracts supporting the Weapons of Mass Destruction - Defeat Technology, Arms Control, and Nuclear Technology Electromagnetic Research and Development/Survivability and Infrastructure programs. link: http://finance.yahoo.com/news/positiveid-corporation-announces-teaming-agreement-133000486.html
However, I have not seen a press release on your site confirming this teaming agreement.
Could you please verify the signing of the teaming agreement, as I would consider investing in SAIC based on this information. Moreover, would this also be included in the current 10-K form, which I would hereby request?
Kind regards, [strongwave]
Very useful! Thanks for the update. I usually screen their site regularly and diligently, but I had not found this presentation.
Love those numbers for their easycheck, glucochip, M-band and Dragonfly products!
Moreover, PSID is giving investors very clear timelines. Very useful.
Lucky I have "some" shares at relatively low pps, this thing could eventually go through the roof and make my projected 2-3$ and then 10-15$ jumps by Q4 2013.
Sentiment: Long