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ID Systems Inc. Message Board

  • dbtunr dbtunr Jan 16, 2014 4:23 PM Flag

    Orbcomm raising about $40M

    Dear Lord,

    Please let them be buying the AI Division of IDSY.

    4:07 pm Orbcomm announces public offering of 5.5 mln shares (ORBC) : Co intends to use the proceeds for future acquisitions as part of its strategy to pursue growth opportunities and/or for general corporate purposes, which may include, among other things, investments in its next generation end-to-end solutions and products, debt repayment, working capital and capital expenditures.

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    • according to Liolios, IDSY is still a customer of ORBC which seems odd to me. Why send money to a competitor?

      I guess if they were buying AI, then it makes sense. Still hope that happens...after Feb 6.

    • I find it funny that the $40M was under written by two brokerage houses and the deal was for $6 and change. Then a few days after the deal they upgrade ORBC to a buy and a target of $9. If the stock was worth $9, why did they let them sell it at $6?

      Anyway, ORBC down almost 10% today on heavy volume. Maybe they are looking to buy all of IDSY.

    • More praying from dblosr. This is his investment philosophy - B & P - Buy & Pray. So far the prayers haven't worked. IDSY has yet to find someone dumb enough to buy the company. I doubt they could pass a due diligence audit. Wasn't it dblosr who made the comment "IDSY represents everything wrong with America today." Didn't he once refer to management as "criminals?" Good luck trying to sell this POS. Pray harder, dblosr!

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