Well Doc D-- the shorts stuffed it today. They had 100 share lots at the ask all day long. They sold in small chunks and held the price in place. FINRA will interesting to see today to see how much was short action, how much was longs selling out but when you see 100 share lots at the ask all day, well, somebody was gifting away or shorting away alot of shares.
Now, the PR machine has to take over on the easy to pitch proposition that IMSC is about to get a series of huge orders from tsa which will erase debt and make this company a likely buyout prospect.
Where else are the tsa's etd purchases going to go-- certainly NOT Smith's nor Morpho products. And Smiths600 has a long march to get to anywhere near a position where it can compete for any sales, if there are any need by that time.
My sense is tsa replaces their entire etd fleet with QS -B-220s and sooner than later.
So the bigger question is when does DMRJ convert and what does DMRJ do with those shares? They've been a dumper and it would be nice to have that conversion option gone while they sit on appreciating shares. No one buys this company until that is cleared up. But obviously, the wheels are turning in many a large office today when a small company like IMSC shocks the world.
I think its safe to say, when tsa idiqs for 162 million, they will spend at least 162 million.
Best of Better Luck to ALL IMSC LONGS!
