Replies to post #2994 on PositiveID Corporation (fka PSID)

[getrealfriendga]

Hi everyone, I am not currently in PSID, when do you all think volume will hit this stock? I won't have any powder to invest until around the end of January 2013. Thanks...


getreal...

[greaseyfingers]

I was reading from your provided website link, that I included part of, below, which stated..


Several steps remain before DHS can deploy and operate Gen-3. First, DHS must conduct additional performance and operational testing.

This testing--estimated to take 3 years and cost $89 million--is intended to demonstrate full system performance, including the information technology network.

To do so, the BioWatch program must address testing challenges including limitations on the use of live pathogens, among others.

Following operational testing, DHS intends to decide whether to authorize the production and deployment of Gen-3.

If Gen-3 is approved, the BioWatch program plans to prepare for deployment by working with BioWatch jurisdictions to develop location-specific plans to guide Gen-3 operations.

DHS estimates show that about $5.7 billion of the $5.8 billion life-cycle cost remains to be spent to test, produce, deploy, and operate Gen-3 through fiscal year 2028.
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So, doesn't their wording basically say, more or less, what was said, in my own words. on post#2990
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greaseyfingers Wednesday, January 02, 2013 8:09:17 AM
Re: None Post #2990 of 2990

To my understanding, Before HomeLand Security decides if they are going to go ahead and spend any more money than the allocated 89 million dollars..

To my understanding, The BioWatch Gen3 devices that are chosen by DHS to compete, first, need to pass their rigorous 2 to 3 years of stringent testing, by DHS, before any further government funding is possibly considered for continuing this program..

Which was suppose to be 3.1 to 5.7 billion dollars, if they would have gone ahead and fully implemented this program, now, washn't it?

So, besides the 2.5 million dollars that PSID is suppose to be getting paid from Boeing for the licensing agreement..

What else is PSID suppose to get out of the deal, any royalties, or percentages of devices sold, or does anybody know?



Robsct Wednesday, January 02, 2013 10:10:20 AM
Re: greaseyfingers post# 2990 Post #2994 of 2994

In a report by the Government Accounting Office (GAO) they recommended an additional testing phase and delayed deployment of the BioWatch system by DHS. The GAO also states that DHS has said they are not going to do this additional testing or delay the deployment of BioWatch. This was just a recommendation and not a law. Obama himself I believe has said publicly he is anxious to deploy BioWatch quickly. I include a link to info that squashes any unfounded rumors about this new testing phase being real. In the last paragraph the GAO says what the DHS response to their recommendation was!

" DHS concurred with the recommendations, but not the implementation timeline. DHS plans to proceed with the acquisition while implementing them to avoid further delays."

http://www.gao.gov/products/GAO-12-810