Liscouski seems to be a pretty well connected guy and he's leading the charge on the pursuit of strategic options. I happen to think he has an ace or two up his sleeve.
It could be a partnership with some entity. Or, it could be a different group of investors. Given Platinum's situation, perhaps they are not playing as much hardball as they once might have, which could make the opportunity somewhat attractive to other investors. I'm not implying they'll give it away, just might be more willing to negotiate. If IMSC went with another investor, I assume we'd have to meet some milestones to secure the investment and ongoing milestones to maintain funding for the future. The CATSA award might be part of that and/or other contracts/orders.
I get the feeling that Dr. Bill would love to keep this baby for him and his team. They could be the bolt on solution for multiple providers, boosting sales by supporting the Tunnel of Truth...whether L3 or Smiths or whomever. He would also get to control the roll out of the new products and future IP development.
Perhaps an up-listing, in time, is part of the strategy. Perhaps they plan a secondary issuing of stock. Yes, that could be some dilution. Some potential options may not look pretty in the short term.
But, if thinking about IMSC long term, anything that keeps them a viable entity as they continue to grow revenue is a good thing. The profitability will come. Shareholder value will increase.
If it's a buy-out, that's fine. Actually, that's great. I'm ok moving on from this stock. But, if it's not and it's something different... that's ok too. If it keeps them on their strategic path, more good things are to come.
So, don't believe the "all or nothing" rhetoric.
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