Z-
You hit a key point re:GSN--while in itself it's near meaningless, it does calibrate the ETD sector and NO ONE comes close to ISC. And no one has for quite a while.
RE: TSA IDIQ--this speaks everything any buyer needs to hear all around the world.
Further, while TSA will never admit to a vendor setting the specification, I know one vendor who will blow the resolving power specification out of the water. NO other company with an ETD product, developing one or even sketching one up will come close to ISC's hand held "E".
I can easily imagine every security-magnetic portal having an officer with an "E"slung over their shoulder. I am thinking over 200,000 units world wide. Think of the "E" as a defensive weapon much like a can of Mace.
When this product hits, it will change con-ops everywhere. It will force terrorists to re-think any attempt they may be considering and it will change AIT also.
So if by some chance, the BUYER is not able to make the min. EV Point posed by our former CEO, who by the way, likely shared that vision with DMRJ, who has put THAT # as a minimum EV on the buyout and incidentally, does KNOW what the market size is for the "E"-- great, ISC will rock the world with the "E" and DM will finance it. The financing part will be the key focus and question for shareholders going forward under that unlikely scenario.
I give NO BUYOUT less than 10% chance of happening. Why? I will bet that McGann has demo'd the "E" and the INLINE version of the "E" to every EDS player that was considering ISC. These are very bright people who can easily look 5 to 10 years forward and understand the potential right in front of them.
