Doc D- again, spot on post! I have looked for dmrj's potential Schedule D-Gs hoping against all likelihood that they MIGHT hold a position someday while knowing they have a huge convert lurking at 8 cents/share.
You can go back to dmrj's beginning in terms of share count then and now, somewhere in the neighborhood of 20M shares then to almost 70M shares now. Then have done quite nicely and they certainly deserve to do so.
But today we come to the great question, what is a share of IMSC worth based on the debt conversion dumping into the float and the debt lagging. The company has to get past it and I believe they will.
Consider their history, they kept alive by a loan program and a raft made out of hope. They floated on, now, that raft of hope is bobbing up and down. Most longs have fully expected that raft to fly by now. And by recent success, it should be flying but the raft is attached to a heavy anchor so now ceo bolduc has to cut that anchor in some way if the raft will ever fly.
I believe he will but I don't believe it could happen at some 18-19K per unit for its flagship product. So that is a key question to have an answer to.
Further, I do not understand the line of questioning regarding THE IMSC IDIQ and other companies participating IN that IDIQ. They would be issued AN IDIQ much the same way Smiths had AN IDIQ and Morpho had AN IDIQ prior to IMSC's IDIQ.
Regarding crash and burn Monday...today, Wednesday, we are not seeing much new interest in the stock whatsoever. The hope that media interest/reportage drives awareness which stirs up investor interest has been lost. Work must be done to create new investor interest and that must be on-going. My opinion, find another lender fast, lower your borrowing interest cost to a reasonable-for-the-risk interest rate under 7% and devote revenue to paying that new loan off as fast as possible while keeping the raft floating and even moving.
I think I can spot Ginger off in the distance waving from an Island...look, Mary Ann is holding her on her shoulders. And there's Lill Buddy, Gilligan. They are waving gobs of...of...$1000 bills!
Best of Better Luck to ALL IMSC LONGS!
