reno--I've listened to a few of their conference calls and I have no feeling that there has been any misleading by anyone at IMSC. They make forward looking statements on what they have been told and according the best time table provided to them by gov. Based on what is known at the time, management must make forward looking statements. Remember, they are under no obligation to update those statements.
For instance, what does a gov. shut down do to items/events/action that are in process? Plenty. I believe there is a positive from all of the delay in processing purchases in that IF there was any intent by tsa to purchase anything other than IMSC's product(s), they would have done so by now. That leaves the entire opportunity for IMSC. It will be a big one...when is hard to predict ( obviously) but I cannot see the delay passing mid-november.
Also, pipelines are simply a thin level of interest...nothing more. The better questions to ask are how many deals are in progress, how many are you about to bid on, what are their sizes and then comes the pipeline.
Best of Luck to All IMSC Longs!