mas- perhaps you do NOT follow the TSA quite enough. When a CEO refers to pipelines and deadlines and event lines that are given to him by the TSA, he is correct and truthful at THAT time. Should the TSA change those timelines, eventlines etc. he cannot be held liable. Not sure you are familiar with the whims of the buyer but they are many and often defy any type of sales "radar". In TSA's case, end of the Fed. budget year is truthfully, a gigantic mess.
You can prove this for yourself by suing the company on the fantasy basis you presented here. ( who's the peter pan, you or Bolduc...)
Regarding the cargo market size "adventure", or as some here have said: lying to shareholders. Once again, it totally depended on TSA's grandfathered cargo certification list. But consider, IF there was anything actionable there, we would have heard about it by now, don't you think?
Re the $21M initial posting , and Bolduc's "echo'd" response that it did NOT match to the full 1170 unit order...this has been bounced around here at length. So get your scorecard out and mark down: $21M = 560 QS-B-220s. This matchs closely to TSA's document that showed intent to purcahse 560 units in Mid-Sept.'14 and then a follow on IDIQ execution in October of '14.
I think its fair to say that we investors all get pulled thru the muck of TSA's end of year attempts to DO WHAT THEY SAY. By the way, are you a large or small investor in IMSC?
