Is this stemming from Protexx or ARCC (Advanced Response Concepts Corporation? Would think that would have been in their baliwick? Or wholly from iSys? Almost seems like it has been absorbed by iSys since they are credited. I do not remember how the new corp chart is diagrammed.
Anyway good to have the order. I look for a string of orders in Q3 since fed fiscal year ends 30 Sept.
I believe this to be a new vetting system to lower the BoD average age. Something like playing hot potato where you pass around a device and it virtually sends the unlucky handler to a meeting with the 10k waiting wirgins. Or not.
Ok, doesn't make sense to me either and is likely a miscue or a way to secure the EXperT system from abuse.
FBI action order obligation to WidePoint Integrated Solutions Corp. for $211,000 for a ~14 month period. This is on top of some smaller order last week for Secret Service. Per FPDS website.
jimmy jimmy jimmy
It is obvious that you are a glass half empty and my hair is on fire kind of guy. Or perhaps some bizarre teetotaler who imbibes the empty portion of what's in the glass and therefore is left with an unquenchable thirst for his own confusion? Know not and care not.
The weather forecast was referring to the potentials for WYY starting on the road to being acquired, not for being profitable, since that is what I was referencing. Of course that would just be the starting point for another entity to begin exploring the idea of initiating talks, and not the actual monetization of the company. It's not an overnight thang. The company cannot exercise its potential without going EBITDA + so is unlikely to be sold prior to that. Ergo if they reach it by year end other firms will begin to look at them. And they likely will take a long look and all that tal=kes time.
Try some Head & Shoulders for that scalp itch bud before you dig furrows into your hat rack.Or call Terminix and treat for termites, If after all this whining you don't know where I stand you may also want to sign up for the Evelyn Wooden Head speed reading dynamics course, because you have a lot of catching up to do jim bob.
Wait a bit and you, as a WidePoint Willie Wonka wannabe, can tell all the newcomers that will rush in to buy, that you were here and rode out the storms for this multi year overnight sensation stock. The minions will marvel at your courage, confidence and steady hand that never faltered on the way to success.
Do not think that MOBL is a candidate in the WYY sweepstakes and they are as much a candidate themselves to be bought. They do have a slick way of presenting that WYY should learn from as WYY needs to attract the kind of attention that will attract the real rainmakers.
Just remember that timing has a lot to do with the outcome of any rain dance.
Likely we will enter the 20% chance of showers forecast by the end of the year, and the forecast for next year will do a lot to end the drought!
OK. My comment still stands. What do you have against being altruistic? Altruism definition, the principle or practice of unselfish concern for or devotion to the welfare of others (opposed to egoism). Wass wrong with that?
Mobile Iron is an interesting company but in a slightly different niche than WidePoint in my opinion.
WYY could do well to look at the manner in which MOBL presents itself to its market. They are slick and on message which attracts both attention and investors. WYY is a bit too staid in their presentations and marketing style.
I do not mean to imply they need to go on a "Cybersecurity Gone Wild" binge, but they need to loosen up in order to tighten up their dated style and make it more germane for the market that exists today, rather than selling into the idea of yesterday's market.
Part of the issue is attracting young fresh talent into a captive lower salary based scheme. It is difficult to attract innovative talent if you cannot offer good salaries and an intellectually challenging and success motivated workplace. This is evident in many if not most businesses.
In essence businesses need change to grow. If the work environment does not have the perks, appeal, and challenges (which senior management should contrive to offer) then you immediately put a damper on the available talent pool and thus make it difficult to incentivize current and future employees.
Change or expire. Stay current in how you present to the public and your employees; and for Pete's sake don't read YMB's, causes all kinds of emotional disturbances.
,Just saw your post f_j_l, after I took the usual schizos off ignore for a Friday quick look at who sez what. I find it more productive to place those on ignore that just parrot the negative party line or are so confused that they spin themselves into the ground and so rarely offer anything containing even a modicum of original thought, humor, or research
But I am compelled to answer. Not stoned, not drunk, that's verifiable ...stupid...well that's subjective, and I prefer, as Mark Twain penned, to leave it at "Never argue with stupid people, they will drag you down to their level and beat you with experience."
No argument from me skippy.
I have been very frustrated of late but I also realize that there is a tipping point coming second half of the year for me anyway. Management entered into an agreement with Cardinal wherein WYY needs to meet certain conditions on their loan. That is "The Loan Agreement requires that the Company (i) maintain a minimum tangible net worth of at least $6.25 million as of June 30, 2016, increasing to $6.5 million at December 31, 2016; (ii) generate a minimum after-tax net income of at least $1.00 for the third quarter of 2016 and at least $200,000 for the fourth quarter of 2016 and (iii) maintain a current ratio of 1.1:1 tested quarterly."
That's a target, a goal, and a benchmark for adjudication of whether or not they are meeting their goals to turn EBITDA positive. For my own purposes it would folly to sell before seeing whether or not the goals are met. Bluntly, the goal I am most interested in is positive earnings second half of year, per management's stated goal.
As to the peanut gallery rumblings of impending sale I thought that was put to rest last call I believe and I have no reason, short of some engineered putsch to disbelieve SK's statements to that end.
Although the BoD change was a bother for me as I am a supporter of JM, as he has always been honest and as forthright as possible without breaking privilege, I do understand the concept of a totally independent board. Now they just need to make in independent and not fossilized. As I interpret the notice JM will still retain his other duties and gives up BoD in order to make the board independent. We shall see.
I always will worry about or large holder because they can rock the boat. However, to be fair, I have seen no evidence of that which leads me to believe they are either really good or more patient than I am.
Couple of smalls today on FPDS as well.
Let's see how this plays out.
At this juncture I have no problem with SK going, he's 75 yo after all. I would hate to see JM go as I feel he is an honest player, maybe not a salesman but an honest player.
Johnson is an unproven entity that might be great, again he is unproven in a business like WYY. That worries me. Also he has not been a front man for the company for long if ever.
IMO McCubbin would have been right for SK's job. If not, sobeit. They need to find someone very articulate and not just given to vapid CEO speak. There needs to be a coming out party for WYY in terms of how it will relate to this phase of it's transition. That will take someone that knows the business and can communicate.
Again, IMO, there is a brief window that firms enter when they are at the top of their game and ripe to be monetized. Hopefully WYY is going to enter that soon. They will need to both recognize when that happens and execute upon that opportunity in order to realize the greatest benefit to shareholders, if that is their aim. As rapidly as consolidations happen in this sector it can also dry up.
IMO, I think this company needs to build out what it has rapidly into profitability and then look for suitors. It is too difficult a row to hoe with the scale they can currently muster. Even if they double or triple in size two years down the road. Their niche is tailor made for being part of a larger firm.
I want to be a Paul Johnson fan but to this point he is just a board member and I do not have any reason to put the confidence in him that you have. His cv is ok and perhaps his experience will become more engaged once the company gets to the point of transitioning to the beauty contest phase. Still to early for that, imo.
For me at least their tomorrow is this quarter. They must execute. All the mis-timed events, all the hard luck, all of the past issues are in the past. Today is their future and they need to execute on their promises. CoD is here and it works, so it is up to them to sell it. TEM/TLM/MMS/SaaS/IoT is here and it works, it is again up to them to sell it and deliver on what they have already sold and more.
Their's is a target rich environment but they need some gunslingers and not just cherry pickers. They need to promote ably from within in order to stay current on technology as well as attract new talent to freshen the flock. They need to communicate better and orchestrate their deals with large partners in a fashion that lets WidePoint talk about their accomplishments. If nobody knows ya, nobody buys ya. And too few people know us.
They are too dependent on DHS currently and need to hire contracts people and sales people that will cement federal relationships even as they also branch out to the commercial and institutional market. This should be well underway but I have yet to see major progress.
All this can be done.Should be done, Will be done. But it will not be done by one person. We've got some old war horses in the corral and we need to freshen the herd before father time b slaps us into the past century.
The market is a harsh and unforgiving mistress when she is against you, and a lovely partner when she is with you.
As yet I see nothing they have done that has provided me with either increased insight nor raised my comfort level. As to Johnson, maybe he will prove out, but he is just one BoD member among the fossils. Currently they seem to still be bumping into each other.
Proof is to execute a business plan and take market share without tearing down morale within the company. So far the only gestures I have seen are announcements with minimal true effect. But I am hopeful
True test will be to adhere to the Cardinal bank terms from the 8k filed 29 April 2016...
"The Loan Agreement requires that the Company (i) maintain a minimum tangible net worth of at least $6.25 million as of June 30, 2016, increasing to $6.5 million at December 31, 2016; (ii) generate a minimum after-tax net income of at least $1.00 for the third quarter of 2016 and at least $200,000 for the fourth quarter of 2016 and (iii) maintain a current ratio of 1.1:1 tested quarterly"
They do not need to fragment their internal knowledge base by sublimating those that have contributed much to get them to this point, just before they go EBITDA positive. That breeds neither respect nor loyalty. They do need to look at the advanced age of their BoD. They do need to engage in a CEO successor search either internal or external and act on it which may be more difficult given the current board. That they did not better prepare for these eventualities is not to their credit.
Yet I am hopeful that the good works of the line employees at WYY will win the day even as the large holders and new board members possibly exert their influence, management cannot take their eye off execution and merely salivate over the potential prize.
FBI Director Comey, a good man and GOP appointee under Bush, and DOJ should not indict Clinton et. al., but they should indict the entire system and infrastructure that makes this behaviour possible, in order to institute review and change to all Federal handling of secure communications.
Perhaps this will lead to change that will have a positive effect on securing our federal private communications by stringently implementing protocols and training all parties. At some point in this process there needs to be a "Zero Tolerance" imprimatur stamped on the forehead of all federal protected communication.
One might say that the system, in total, is run by Luddites that have little or no understanding of the potential downsides; and they run it for even more technologically bankrupt individuals whose sense of entitlement and expediency for their own agendas and perceived importance, blinds them to the realities the system faces by their actions.
Not many holders out there large enough to impact share price for very long, which makes it both curious and a bit sketchy. But volume has been so light that it really has not eaten up many shares so possible. Worth delving into.
"A few selected examples of recent new business successes include:
A nationwide pharmacy needed to improve its management of digital certificates to ensure customer and internal communications are adequately protected and in compliance with HIPAA regulations and in alignment with the HITRUST Common Security Framework. WidePoint was engaged to conduct a PKI Assessment. This service takes a customer through a thorough current assessment to successful implementation, which may result in further engagements for WidePoint in managing and/or hosting the client's PKI solution.
A leading provider of traffic safety, mobility, and compliance solutions signed up for three-years of managed services for both wireline and mobile telecommunications lifecycle managed services.
A global architecture firm will be using WidePoint's Managed Mobility Services to support its growing community of remote workers.
A large communications equipment supplier will be using WidePoint's wireline and mobile global telecommunications managed services for their domestic and international mobile users."
If they can continue with these types of announcements pointing to the commercial side during this critical Q3 2016, and later add some expanded numbers for the federal business, we could be in high cotton by harvest time.
Government CIO magazine has an interview with some of the architects of Alliant 2. Can be viewed at
When you begin with "even if it is not accurate" well how inaccurate is it? And is your statement inaccurate or have you misinterpreted either accidentally, or accidentally on purpose? Is it off by a point or two or by a factor of 3X or more? The former a rounding error the latter a complete misinterpretation.
Look at your post. Go to the Yahoo Finance Page for WYY. Under Ownership go to Major Holders. After the % Held by Insiders ; do you see the "% of Shares Held by All Insider and 5% Owners". Now, " the and 5% Owners" is the key, as you must figure out who they are referring to, if anyone. Of course, it is Nokomis, an outside hedge fund, So your statement that JM JK and SK own 25% is false.
When we begin to attempt to sculpt the numbers to fit either our viewpoint or to vent our frustrations, it should be time to reconsider your investment in that stock. If you are not invested perhaps you should review why you are posting on a board for that stock.
Everyone errs in their due diligence, but to stand by an obvious error in the face of the evidence, makes one consider motive. It's not a rounding error or spelling mistake. It goes to credibility. At least that's how I see it.
Also I would not invest in a microcap unless the management had a stake in how the company does. Much of the future wealth of these individuals is tied to this holding. Their salaries are below average for their positions irrespective of performance to date if you investigate other firms in the space whose debt is high, who are not close to earning positive, but who may be valued at a higher share price for factual reasons which escape my ken.
While I did laugh at the "Non for Profit" (sic) comment,(salary comment aside), please clarify your math on how JM, SK, JK own 25% of some 82,730,000 shares? My back of the envelope calc is more like the sum of the holdings of the three individual equals 6,034,683 shares which equals ~7.3%.
Perhaps you are including Nokomis and their 12,774,251 shares which would bring it to ~23%?
I'm not known for my ciphering so check my numbers.
As to your other comments, find someone to work for free that can get WYY a $600,000,000 DHS contract, develop CoD, have very low debt (especially as compared to peers), and have brought WYY to the brink of positive earnings; and I might take up up on that. Otherwise it's the smoke of frustration with very little behind it except venting.
This company has had to reinvent itself (more than once). To some that is bad to me that is good.
Separate out security issues for the moment and let's take Department of Interior (DOI) as another shiny federal example of efficiency. Aaron Boyd over at Federal Times e-zine has an article describing what they are doing. " Interior on Track To Spend $1.7 million on unused devices."
The article linked the "U.S. DEPARTMENT OF THE INTERIOR’S MANAGEMENT OF ITS SMARTPHONES, TABLETS, AND OTHER MOBILE DEVICES" Office of Inspector General at DOI report, which is both enlightening and disturbing. Below quotes from the report.
"We found that DOI did not have a complete inventory of its mobile devices and services and did not implement a Departmentwide approach for procuring and managing these devices. As a result, DOI has spent hundreds of thousands of dollars on unused mobile devices."
"In addition, we found that thousands of DOI’s mobile computing devices do not have proper security configurations, which could result in unauthorized access to Government systems and data by cybercriminals. The National Institute of Standards and Technology recommended that organizations enroll mobile devices
in an enterprise-wide management solution to ensure required security controls and usage policies are implemented on the devices before they are issued to employees. As of June 2015, we found that DOI had not enrolled thousands of devices issued by the four bureaus in the Departmentwide mobile device
management solution. This deficiency could result in potential security breaches, as these devices are vulnerable to unauthorized access by cybercriminals."
" We found that DOI spends approximately $600,000 a year on unused mobile devices at the four bureaus we
"According to the U.S. Government Accountability Office (GAO), Federal agencies spend about $1.2 billion annually on mobile computing devices and services."
From the Recommendations "OIG Comment: Based on OCIO’s response, we consider this
recommendation resolved but unimplemented."
Bring in WYY.