I wanted to wait a bit to jump in here, I honestly feel terrible for board participants who have lost a lot of money today, and probably more tomorrow. I have not broken out the popcorn, because I know that so many hopes and dreams were riding on the success of IMSC. I was there once. It's a case of falling in love with a stock, a story, a story stock. A small company overcoming the odds developing great technology and beating the global big guys. But there was just too much to overcome: the competition has adequate technology too, with established customers, and deeper pockets; they have been able to weather a price war, a war that has seen IMSC go into greater debt. The company has never been profitable, and would never be, given how ingrained and fundamental the debt is. The hope was a big company would pay a premium for the technology. But as I pointed out many times, that was simply not in the cards. I'm sure there were companies that would like to acquire Implant's technology, but after nine months of a strategic review, which no doubt entailed talking to all the big boys, the big boys , sophisticated M&A guys as they are, were not about to open their wallets.. The technology couldn't cancel out the debt, the eternal losses, etc. Implant, like people on the board, wanted too much, and the big boys walked. And even if the company were sold, not for $25 million, but say something short of $100 million, DMRJ and others that are part of Platinum would have kept virtually all the remaining cash. When you swim with sharks, expect to be bitten. In this case, consumed whole. The future? I can't wait to read the 8K. I think we'll discover an even messier situation than we have today. IMSC has no experience in hovercrafts, or water skis. Zapata has no experience dealing with the U> S> military. It does';t even have a military product, just a hope its "proof of concept" can lead to one. Some on the board are still spinning this as a positive. They've been spinning everything as a positive. Wake up. Again, I am sorry. My perspective was honest;y stated over the past six months or so, and I feel bad they weren't heeded.
