ION Geophysical Corporation (fka IOGPQ)

[Getitgogone]

1.Back in Nov. and some in Dec. Let's not forget that insiders made open market purchases of the stock ... over 2 Million shares ... Not huge but was out of their own pockets which shows some confidence.

LAPEYRE = 215,000

LAPEYRE = 235,100

MYERS = 100,000

HANSON = 200,000

BATE = 200,000

MYERS = 100,000

SEELY = 30,398

HANSON = 50,000

LAPEYRE = 725,000

SEELY = 58,700

LAPEYRE = 389,300

TOTAL = 2,303,498 shares

2.THE stock is currently trading at a pre-split price of .22 cents (cheap) Priced as if they are going out of business.

3.There are only about 8 million shares in the float now

4.On the Q2 conference call Q&A page 5 >>>>

Ken Funston

Okay. So I’m sure you realize that on the message boards and other places there’s predictions of the bankruptcy of ION. And some people point to the fact you are going to need asset sales and your bond maturity, which I believe is in 2018; that you don’t have anything worth selling anymore. How do you respond to the idea that bankruptcy is in the future for you, and this bond maturity that’s still three years out?

Brian Hanson

I think, first of all, I don’t spend any time on message boards. The credibility of that content is subject. So anyway, step back and think about what ION is. ION is a highly scalable Company. It primarily is a business of people and intellectual property. And what we are not similar to the peer group that we run in, we’re not a Company that has a lot of steel and assets that are very hard to scale.

And so if you just step back and think about that, once you figure out what level of activity the business is going to run at, you can very easily scale to that level of activity. And that’s what we’ve done this year right? The first half of the year was really a period of decline when we tried to figure out just how much the business was going to decline. And that sets us up for a thesis on how we think this is going to continue over the next few years.

So we have embarked upon a path of continually scaling our business to where we think it’s stabilized. Our opinion today is our business is stabilized and actually has upside growth potential once our crew goes back to work. So it’s easy for us to turn the corner and by 2016 have this scale to a free-cash-flow-generating business.

All of that being said, if you also step back and look at how much cash we have, add this additional borrowing capacity on it. We have a lot of liquidity we are sitting here with 150 million, 160 million of liquidity. And the two worst quarters we had in the history of our business were Q1 and Q2, and we only burned 50.

So if you just operate under the thesis that the 50 declines and goes to zero and we move into cash-flow-generating-territory, we are still going to have lots of liquidity when we move into 2016 and beyond. So we are not contemplating bankruptcy in any form or fashion.

Ken Funston

And the maturity in 2018?

Brian Hanson

Years out there.

Ken Funston

Thank you, gentlemen.

Brian Hanson

Middle of 2015. I wouldn’t comment on anything three years away from now.

http://seekingalpha.com/article/3425026-ion-geophysicals-io-ceo-brian-hanson-on-q2-2015-results-earnings-call-transcript

5.The stock is priced as if they are going Bankrupt when clearly that is not the case

6. OIL is at the beginning of stabilization and an increase in price (which is a debatable statement), but in my opinion the meetings that took place last week between the big oil cartels /countries was a baby step in the right direction and shows that the Saudis are starting to crack under pricing pressure.

7.They still have over 100 million in cash and loans ,if needed

8.Their cash burn last Q was minimal

9.Debt Maturity is not until 2018 and long term debt I believe is only 100 million anyway

10. The pre-split stock price of a lousy .50 cents would price the stock right now at 7.50 a share

I'm sure there are more things that could be added to this list that are positive and some negative but the positive far outweighs any negatives at this point

Wait for it!!!!!!!!!