Wednesday, February 11, 2015 2:31:59 PM
GPSi had several PR's about partnering with Archionix (Archonix allows kiosks to tie into jail management system)
Securas buys Archonix (Archonix allows phone and commissary to tie into jail management system)
Securas buys the jail revenue portion of GPSi (Securas now owns the phone, commissary, JMS and kiosk payment system as a single vendor that provides value to the jails, thereby eliminating several levels of commissions and creating a more profitable business model for Securas)
Still some big questions to be answered.
1) How does sale of jail revenue to Securas help public shareholders? GPSi gets cash, pays off some debt- but where is the value on the public side to drive share price?
2) C4Ever looks more like a licensee and will drive revenue for GPSi, but where is the value to public shareholders to drive that PPS?
I'm still stuck trying to find a scenario in which GPSi stock sees the boom.
Wondering if Sanjay and Vinay are related somehow?
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