DD- you are correct, all companies submitted responses in July to tsa for next etd product replacement cycle. A proposed presentation outline for replacement was published by a deptment of dhs that showed mid-sept. to start said replacement.
An IDIQ covers a product rate(s) over a period time. It just means "we cannot specify a # right now nor a time frame but we want secured rates based on volume levels."
Towards the end of sept., all other etd specific idiqs expired. I don't expect tsa to purchase any Smiths or Morpho gear until either one has passed recertification. This is very key because tsa tested IMSC's B-220 for passenger use for one reason, its a better mousetrap. How foolish would they seem to replace Smiths-Morpho gear with more Smiths-Morpho gear. I am I the only one that sees this?
Further hints; tsa has entered co-op r-d agreements with IMSC. This is very positive as it foretells new products. In my opinion, it is important for IMSC to offer more than 2 etd products that can address the varying methods of use.
To you dr. jones haters- get over it. The man has moved mts. for IMSC. I would not underestimate his achievements for this company and he has earned industry wide respect.
I do understand realistic consternation about events spoken about but are still pending. Many do not realize that when IMSC was conditionally approved onto the cargo certification list for their b-220 they had to under go a trial period. Selling product through out that period of time was far more difficult than it appeared and it appeared very difficult. Tsa had to act because of "market forces". They approved IMSC's b-220 prior to the end of its trial period due to the pettiness going on "in the market". This is expressed via salesman "a" telling customer "z" that IMSC's b-220 is going thru a trial period, you don't want to buy it now because it may not pass said trial period.
To my thinking, everything spoken about has come to pass or will come to pass. Its a very dangerous path to walk when you are a small, cash stressed company entering a market that is populated by very large multi-nationals who resent you being in their space.
Many express resentment toward dmrj but consider, would you have loaned them a dime when it looked like there was zero possibility of them surviving...sure, the capital structure is very clumsy and repels interest but that is where the ball came to rest so that is how it must be played until a solution arises. There will be a solution, in my opinion.
Every shareholder is entitled to their opinion and some opinions are better than others. Those opinions are formed thru market events, facts and conditions that tell the full story. If you dis-trust the company and or its officers, then you are best served by not putting capital into it. Every shareholder votes by holding-buying or selling their shares.
Best of Luck to ALL IMSC Longs!
