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Safebus acquisition??? What is going on?
This is a major reason the SP is tanking. It's been over 3 months since the acquisition announcement, and we still don't know ANY details. How many shares? How much money?
How do we value a company without this info?
No word in the Q3 report, and the 10/1 update on this acquisition said nothing of value. "Nearing completion..." is now 1.5 months old, and still no details. The merger was supposed to go into effect in early September. Is there a problem?
Maybe we see the SP go up when we see something about this.
Looks like the objection has been withdrawn, and final payout is back on track. If I'm reading the latest document right, the case will be closed on 11/16. No idea when that means payout will occur.
http://www.kccllc.net/imxacquisition/document/1612238181106000000000001
Nothing here yet either.
Once again, the ask on 1K is below the current SP. CDEL this time.
Can't imagine why the SP is stuck in this range...
"Homeland Security Research Corporation analysts forecast that the cumulative 2015-2020 transportation-related ETD market—including systems sales, service, consumables and upgrades—will present $4.2 billion in market growth."
That's just ETD, and just transportation-related...
http://www.hstoday.us/single-article/implant-sciences-deploys-etds-to-over-160-airports/6860ac5a30d24e45bdba7d8efb3caf10.html
Have you been watching the bid/ask? When the price is .76, and CSTI is on the ask at .745, wouldn't demand actually move the price down? (And BTW, there were 3 lots on the ask, totaling 20K shares, all below the current SP.)
Uh huh. 98K shares of "retail" are willing to take less than 40 cents. It's not like we haven't spent most of the last 4 days above 40 cents or anything.
Really? You have to sell on the rise to make money flipping? (I will say, I don't know the best way to flip, because...ready? I haven't yet sold a single share. That's the last I'll say about my situation though, so as not to feed into this.) If you flip shares, you wouldn't want to wait for the rise to level out / top off before you sell?
SP rise is being capped. We all see it. Saw it yesterday. Could've easily hit the .50s yesterday, you have to admit.
I think creating "nervous nellies" is part of the plan. Avalanches can be started manually... So, a combination (of flippers and manipulation)? Yeah, probably.
In the long run, I think buying at these levels will be fine, of course, because I do think the co. is being sold, or partnered. But the nonsense does matter.
2 - 3 posts is about my limit. Thanks also to Mr. TBT and WoodManBrown for the replies. Good to know the mic is on. :)
Good luck all.
Is everyone admitting that there's games being played with the SP now? Because yesterday, we were just nervous ninnies.
I rarely get a reply to my posts, even to tell me I'm way off base, and I don't know why.
Was the IDIQ protest disruptive, and subsequently documented as a probable ulterior motive?
Do we all agree the lawyers advertising a class action suit (as the price was rising into the $1.30s) was a price- and business-stalling tactic?
Why is the YH Finance MB completely hijacked?
I know who was behind the protest, and I'd bet they were behind the lawyers. Their dollars behind the MB hack is as good a theory as GB spending his dollars to be vindictive...
We're in the pinks. Is this market too sacred for the competition to screw with the SP?
Someone reply. I'm beginning to think my mic isn't on. (tap tap tap...)
(edited: int10a - you got it, as I was posting.)
...When it's clearly trying to move up too. As in, "if I just wait an hour, I might be able to get .50 or more."
Well, if anyone's read my posts lately, you know what I think.
Good luck pulpman66, and all longs.
All exactly right, and as per usual, vintage.
Glad someone else sees and acknowledges this.
...And look at them now. .015 BELOW the current SP.
http://www.cbsnews.com/news/device-to-detect-tatp-explosive-used-by-brussels-terrorists-could-save-lives/
Geez, I click "comments" to add my own about ISC, and I don't get anywhere... It's like the YH MB. (Kidding. My co. may be blocking it.)
CSTI again with an ASK below current SP...
Someone buys 10K, it drops from .335 to .33, and immediately a new ASK at .328
Canaacord Genuity clearly walking it down.
Good to hear from you Ki. Thanks for the info (and the other communique.;) )
WMB - Good advice, and done. We all recognize the poor arguments, so no need for me to go that route.
But I still have to question if others are acknowledging what I see. When some 385,000 shares trade up until 3:30 yesterday, never dipping below .2999, and the SP is still .30, what makes someone put 2500 shares on the ask at .295? And then .29? (Confession - 3:30 meeting, so I missed how the last half hour played out.)
I don't know everything about this game, so I'd be happy to hear a logical explanation, other than manipulation. But that's what it looks like to me.
Every day? No. Are there other factors for the poor SP? Of course. But this manipulation (IMO) happens more often, and sometimes more zealously, than gets acknowledged, and I think maybe longs ought to know the enemy a little better.
Well, back to watching the circus from the stands, instead of getting in the ring. Good luck to you, WMB, and all longs. Still holding every share, and plan to see this through, with a positive finish.
Well then, show us your understanding of the workings of the market instead of asking me questions. Educate us. You haven't made any valid point here. You insist I'm wrong, but have just turned my argument, based on verifiable facts, into questions.
Tell us why someone, even if they wanted to dump, would say to themselves, "Gee, the last lot sold at .30, and I'm unhappy with this stock, but I can't take any more than .295 for my 2500 shares. I also just saw someone this morning pay upwards of .36 for 130K shares, but no. That's too much. PLEASE pay me less."
And since I don't really understand the workings of the market, I guess I also don't really understand why the one question you like to pose is numbered 1 and 2. Regardless, since your one (or two) questions is/are just (a) deflection(s), I won't be answering them while I await my lesson.
No, it isn't hard to understand, is it? I watched all day, and repeatedly saw the ask under the current SP.
But no, no manipulation.
Ah, the pink sheets indeed! Blather on, I'm not selling.
"Another may be shorting activity by unknown players including competition."
There you go. I don't know why this concept doesn't get more air play here. (Well, I do have one thought...)
Maybe you don't have an in-depth understanding of convertible financing, but perhaps what you do have, ted, is some common sense, which is sorely lacking within the arguments against what you suggest.
You see, around here, you're to believe the people who brought us the IDIQ protest and the lawsuit are clearly not behind any downward pressure on the SP. Totally unrelated. You're to believe our execs lie on CCs when they say it's not only DMRJ selling.
No, DMRJ - after risking 10s of millions - like to close IMSC in the red over the last half-hour of most days, instead of hanging on to those same few thousand shares for a higher volume, higher price day. And I'm sure DMRJ don't realize we might see higher volume days when PRs come out if they'd just stop bringing down the SP. Drop the price several cents and immediately put in a wall of shares preventing a return to the previous close? All DMRJ...
Hey, DMRJ knows way better than I do how to squeeze every last penny out of their investment, but my (and yours, and several others) theory is just common sense. The negative SP impact is not all DMRJ.
Good to hear from you too, Mr. Brown. Thanks for your perspective today. It seems to make the most sense to me.
I'm with you and boilerkds.
We know there was a frivolous protest by a competitor. We know there was a frivolous lawsuit (the complaint was dismissed with prejudice, by the way). We know we're listed on the OTC, with little to no oversight. We were even told that DMRJ is not the only one selling (hint), which few here seem to believe. (And for the 1000th time, yes, I do see that DMRJ is selling some too.)
With all of this, it seems most here are adamant that there is little shorting going on, and no manipulation. No manipulation on the OTC, of a company ramping up sales and revenues. Come on. Plenty of "told you so" directed at longs, plenty of pointing out just how right some (think they) were... Plenty of doomsday writing. From several / many different IDs.
I'm not selling, and if I lose everything, I'll blame only myself. Speculative investing.
I noticed the obligation for 3.1 million is now owed to Montsant instead of DMRJ, as it had been listed on every other filing. Montsant is listed as an investment fund managed by Platinum in a recent NAVB filing. (NAVB of recent 52-week high fame.)
The 3.1 million owed is the 8-cent convertibles, correct? I wonder if the structure of this chunk of debt has changed...?
I honestly don't know, and I'm a little surprised that no one here who's looking at IMSC daily has commented on this, one way or the other. One thing's for sure. If it's nothing to get excited about, I'm sure someone will be happy to point that out.
Amazing, isn't it? Somehow, "$1.50 as soon as he's fired" became, "...provided new management doesn't squander the opportunity..."
Well, if "investors got punked," and all denials of being a short are still true, at least he admits he got punked with the rest of us, right? At least until, 3...2...1...
You're exactly right, fantomphan. Just click. Arguing with someone who's never wrong is amateur hour.
There's one other thing we know:
- First Article Unit = $52,151
Courtesey of FPDS.gov
I'm sure those 3 or 4 blocks of 1,000 that brought the price down today were DMRJ looking for their next $700. I'm sure they average 40K per day by selling 1K at a time.
I'm also sure Morpho's protest was unrelated to the declining share price - never intended to do that. And I'm sure the ambulance chaser's fishing expedition - right as the SP had upward momentum - was also just coincidental to the declining SP. And I'm sure DMRJ spends time posting incessantly on the other board, the type of things most 5-year-olds have matured beyond. Oh, and the BOD lies on conference calls, right?
Because there's nothing else going on here. It's all DMRJ.
EOP, I agree with you. It's clearly not DMRJ doing *"ALL"* of the selling, and not as much to do as people assume with the SP decline.
Does anyone else wonder why the share price pressure / mass selling exactly corresponds date-wise to the libelous, infantile posts on the other board, which are clearly the work of a coordinated effort? Pure coincidence both stopped May 1st, and picked right up again this Monday? I guess that must be DMRJ too...
I've said it before - yes, DMRJ is responsible for the higher O/S shares. Who else could be? But if your looking for who's responsible for the lower price (i.e., the wall of shares that often appear on the ask BELOW the current price, the drops on 1k in the last 15 minutes, etc.), I think you need to look elsewhere.
So what does a statement like "Let's see if I can paint this down to .80" mean? From a few weeks ago..?
3:42 - 200 shares brings it down to .79
3:42 - A new 1000-share lot shows up on the bid at .79 (No way we're getting to .80 today, right?)
3:58 - I buy the .79s
3:59 - Down to .78
What a shock.
So. The last trade was at 2:42 PM, bringing the price down from .82 to .798
Also at 2:42, a wall of over 25,000 80-centers hits the ask, and 5 blocks of 1000 shares show up on the bid, stepping down to 77 cents.
And everyone's pissed at DMRJ. We really think DMRJ is doing this... Because this is in their best interest.
To BlackE's point, this gets painted down almost every day. And we've all seen the SP getting capped when it wants to run.
So why the stealth? Just my guess, but PRing everything is handing the pieces to whomever is playing this game. A positive earnings announcement is going be great, but a positive earnings surprise might get us past $1.80-ish, and force whomever to capitulate.
Interesting, thanks for pointing out the update.
So it appears the amount in the "Current" column adds into the mysterious $21 million figure in the "Total" column.
Still confusing, but at least that 21 million number is growing. The positive side of me is saying, "Maybe that is a running total of what is being paid out so far, starting on 3/30, and that number will grow as more is received through 3/31/2017."
This might also explain why this award ID (HSTS0415JCT8502) has been changed a few times due to "modified delivery dates," (see modification P00003 just underneath), thanks to the protest.
Not saying this is right, but if so, the Q3 earnings report in mid-May will be great!
Interesting, eh?
1170 evenly divides by 3 (390), and if that 65 million is divided by 3, it comes out to slightly more (100 bucks or so) than the 21 million number we see...
The 65 million number also comes close to that 52K paid for 1 unit a while back, when divided by 1170.
No idea, but some food for thought, I guess.
Did this first link in your post used to indicate 43 million?
It seems to now indicate 65 million. Am I missing something? Or, better yet, am I on to anything?
First link in Northforker's post:
http://government-contracts.findthebest.com/l/9485388/Implant-Sciences-Corporation-Transportation-Security-Administration-HSTS0415DCT2011
Are investors awake and smelling the coffee?
DMRJ really capped the SP at $1.50? Sold some, fine. But cap the SP...??? It doesn't make any sense for them to wait a few more minutes on the day of the order announcement, literally minutes, to let the SP shoot up another 20, 30, 40 cents, or more, and sell into that? (Remember, the SP shot to $1.50 and hit the ceiling hard. It didn't tepidly limp to $1.50.) Oh, this is to prevent management from getting theirs. Uh huh...
DMRJ continues to keep the SP depressed by selling a couple thousand (at best) several times in the last 15 minutes of every trading day? This is the work of DMRJ? I'd certainly argue this, day after day, has had more of an effect on the current SP than the lots DMRJ are selling.
Someone's here, looking out for us by advocating... Joining the lawsuit? Getting back at DMRJ by selling and bringing the SP WAY down? Saying I don't have enough of a return after 5 years to justify the risk in this OTC spec. stock?
Someone else, recently unaware of the 1,170 order, is just positive we need to "mobilize against Bolduc?"
Do people really look out for each other, anonymously, on stock message boards, or do you think, just maybe, someone is trying to convince us that what we own isn't really as valuable as we think it is? Nah. Must be the first thing...
Oh, people. I implore thee!
Exactly Z.
DMRJ is NOT waiting for the last 5 minutes of the trading day, and trying to drop this 4 cents on less than 10,000 shares.
An interesting article on the NIST website. Remember that the NIST just purchased from IMSC...
http://www.nist.gov/mml/acmd/fluids_properties/energetic-materials.cfm
Correct nsomniyak, thanks for the clarification. EOM
Absolutely B9. New financing, lower float.
I will say this though. I believe that's one reason IMSC must give 90 days notice (again, not 100% sure of the number there) that they're going to pay off DMRJ, in this case, with new financing. I still say DMRJ converts tens of millions of shares within that 90 days. The trick here is that the NEW financing must not dilute, or minimally so.
I honestly think DMRJ's best play is to end the terms with IMSC with, say, 10 - 20 million shares (plus the percentage of principal back that they didn't convert), and then watch those shares appreciate in value. A lower float helps that appreciation.
20M shares of (hypothetically) a $5 stock? Plus a high percentage of principal back, plus what they've already converted... Pretty good return for them, and that would leave the float around 80M.
Or, looking at the float at 130M, that means DMRJ holds 70M additional. No original capital back (all converted). Suppose the stock is around $1 in this scenario... That's $70M in holdings for DMRJ as opposed to $100M (plus capital %) in the other scenario.
These formulas would be absolute though, and admittedly, I'm not doing that here. But DMRJ is, surely. I'm just illustrating the point that there's a magic number out there for DMRJ, and I don't believe 130M is it. Somewhere in the middle, IMO, and the DD at this point is trying to figure out what that number may be.
All IMO, and, of course, I do have a day job, so I'm by no means an expert. ;)
No guarantee the float reaches 130M.
IMSC owes DMRJ (using rough numbers) 50M. IMSC can give DMRJ (I believe) 90 days notice that they're going to pay them back, which would wipe out the convertibles.
So, one might be tempted to think, "Oh, 90 days. That means DMRJ has time to convert everything to shares, since IMSC will be out of debt."
That doesn't really make as much sense for DMRJ though. Their best scenario is to meet IMSC in the middle somewhere, certainly giving themselves several million, or tens of millions, of shares. But, of course, the value of a co. with a lower float means a higher S/P. A higher float equals a lower S/P.
DMRJ will own tens of millions of additional shares, but it is still in their interest to keep the float lower, if they feel IMSC's market cap will take off.
So DMRJ should try to balance their holdings with float and market cap in mind, to maximize the value of their holdings.
Make sense? Did I miss anything?
(I have a post on the other board, titled "DMRJ, IMSC and Financing" from Wed., where this is discussed also. The only contrarian argument I got to the post was whether DMRJ has confidence in IMSC, and I am not worried about that.)