Greg stated, "WEBPAGE in June" , I always thought June only had 30 days. Greg has already made June 38 plus days! Also the only person to come forward to say that he saw "THE ANSWER" in R and D laboratories in China. Since, none of his other promises have panned out, why should we believe him now. Surely if this was true someone else would be speaking about it, if the CIA cannot prevent leaks how could IDC and the China's representatives keep this quiet! I think the joke is on the stockholders.
The Webpage looks great.
How about sales?
My understanding is that 2013 is the year for a break through although I feel we have been here before. Still optimistic!
Anyone else have cooborating information of substance?
The trade shows will hopefully yield orders. Thoughts?
Sentiment: Strong Buy
.... information of substance?...... Total innuendo and speculation where I could be wrong. I believe the high speed filling equipment run with the FDA went very well. And we have some new volume as a result. I could be wrong. ;-)
May the force be with you,
Turest statement ever! We have been here before and heard all the next quarter empty promises. If GA had a $5.00 per share offer her should have jumped, I will take the offer. If GA thinks IDC is worth more set a price and off a buyout and go private.
Yes, just ask Sophia! How long have we extended the month of June Sophia? :)
Forbes Guy, As you know the annual report Public Relations Section states: "The Company has begun a redesign of its website and anticipates it will be launched by June 2013." This is another reason that Sophia thinks there are crooks running IDC. She calls this date another "broken promise"..... as if it was a promise in the first place.
As the URL states, they wanted a "Big Announcement" along with the new website. We speculate this is the FDA approval of the high speed filling equipment. Which was also supposed to be on or around the end of June. Either way, what ever it is must have been delayed.
This is a time when the big companies are getting bigger and taking their excess cash piles and buying out the smaller guy for a real premium. My guess is the big boys (SEE, PEP, etc.) want the IDC technology and patent rights.
Bought more yesterday to add to over 500K shares. Goal is to have 1,000M shares when the announcement comes there is a take out of Greg and his family at @ $5.00 per share.
Sentiment: Strong Buy
My guess is we are waiting on the FDA approval of the Ultra High Speed Filling Equipment. Just a guess. I'd prefer to open up the new IDC "Protect the Freshness" website with this approval in the bag. That allows us to open the site with a 'bang" for investors, shareholders, and also get the attention we need in the United States. Everywhere else on the planet is moving along except this piece in my opinion.
As you know, everyone has already seen the high speed filling equipment in action at the Island Oasis low-acid manufacturing facility in Buffalo, NY. We've also seen the targeted PepsiCo products at the Shanghai China R&D center. And we also know that this equipment is already installed at the Tingyi’s manufacturing and distribution facility in addition to Mexico/Latin America, Europe, and the Philippines. All the pieces are in place everywhere else in the world except our wonderful US government FDA. We can only be thankful our FDA doesn't govern outside the US.
I also think when Greg picked his June date he forget that people like to take vacations in the summer months, and the July 4th week is very popular. That's it.... the FDA rubber stamp guy was on vacation last week, so we got delayed :)
P.S. The words "plan" and "anticipation" are not the same as a "promise". That's part of your problem Sophia. Even though the plan missed the anticipated date, you keep acting like you've personally been let down by broken "promises" instead of looking at all the positive progress and the "bang" coming soon.
P.S.S. Wouldn't it be awesome if the FDA announcement, etc. is joined by an updated quarterly report that says we've reached "cash flow positive"!! Would that be cool?!!
Think more positive Sophia, it's much less stressful :)
May the force be with you,
I easily bought 20k shares today(2 blocks of 10k) and the price barely moved. So, who's selling? I'm now the proud owner of 100k shares, which is a small holding for me. Someone mentioned Lou Simpson investiment in IDC as a reason to buy. I've followed Simpson since his Berkshire days, but I didn't buy in because of him (actually Lou and his wife own the shares in their individual trusts I believe). This is a very tiny investment for him and as far as I can tell, neither he or his wife have bought more shares since 2008, so I wouldn't hang my hat so much on his purchases. What I did hang my hat on was I have a good friend who is an great investor who knows Mr. Abbot well and he says he's a straight shooter and an honest guy. I am a little concerned about the lack of communication from Greg. I hope that Greg in the future takes a page from Buffett and offers more disclosure, under-promises and over-delivers, and tells us the downside of things (we can figure out the upside I think).. Good luck to us all!
Greg Abbott is now receiving a salary of $313,000 per year. Wasn't he only going to receive one dollar a year until IDC has substantial revenue and possibly earnings? This an excellent way for Greg to recoup some of his investment before the crash. Sorry for all of us stockholders.
If that's true, boom baby, we're now cash flow positive!! Where did you get this information about Greg taking a salary? He said until the company was making money (i.e. cash flow positive) he would not take a salary. Sounds like good news is coming. What's your source for this info?