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Buzzlityr

10/31/14 11:30 AM

#17467 RE: Nowak488 #17455

nowak- did you read the passages taken from the april 2013 special conference call I posted? Dr.Jones and ceo Bolduc were BOTH excited over cargo market developments as they were sending tenders all over the planet. The reason, the cargo market was operating under tsa's expiring deadlines for smiths and morpho etds and IMSC had the newest certification.

THOSE deadlines were changed and their closest-likely market evaporated with tsa's change.

Your supposition was the Dr. McGann was the one that knew the tsa, that it was his domain but he didn't know that change was coming either. This, to my mind was THE issue.

Consider Dr. Jones statements to IMSC's lender within that same conference call. If you and I were disappointed over these events, and disappointment would be an understatement on your part, imagine how upset DMRJ was, I think at that time, the outstanding balance was between 20 and 30million dollars.

You want to fire Dr.Jones, but DMRJ didn't ask to have him removed. Only possible reason are what I presented and which by the way, you also pointed to- large multi-nationals with clout used that against IMSC.

I also presented a point that I believe THEY used: tsa was using 4 machines from Smiths and Morpho all four had cargo and passenger listing. If tsa removed all four from the cargo list, but kept two on the passenger list, that would create significant alarm. Additionally, I also believe that smiths and morpho cast a great deal of doubt on IMSC's ability to produce thousands of etds to fill what would have been a landslide of orders for the cargo market.

But all reasonable explanations don't seem to fit your view, even though you have expressed similar ideas about what happened.

Dr.Jones was good enough for GE and Safran( morpho's prior name) but not good enough for IMSC? What changed that? My view, its an upstart vs giant multi-national story. And these two multi-nationals are doing everything they can to squash this upstart.

Best of Luck to ALL IMSC LONGS!