Shi- huh? IMSC has 100% of the TSA refresh for ETD. For EDS, wells thats yet to be seen how an IMSC product gets integrated into a next gen. EDS system. But we know that is coming.
And we also know that Clams McGann intends to refi with DMRJ so that is a done deal but since it was pointed to by the CEO on a conference call, IMSC lost any small amount of leverage they might have had. What's another 25M$ at 15% convert option at the closing price on day of signing. Now you can see why the pps will drop right up until its signed. And of course, somebody can hasten the downdraft by dumping along the way thus delivering a lower conversion price.
Sales approach into Euro markets is where IMSC would be wise to partner-to-package with an EDS maker to enable a better sales return in Euro markets. This is also a way to open a channel of communication for co-ventures. Clams had to have thought of this...right?
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