Just a check....I don't disagree as an investor that perhaps this makes it more clear on the path forward, but not sure that it has any impact on the Intellectual Property...seems more like FDA just sticking to their original postition regarding need for procedural filing (for neutraceutical) plus recognition that they would not accept because company already also filed for new drug (IND). They still haven't approved movement to Phase 1 on the IND. So what it is the Intellectual Property claim you are stating? Please correct me if I am wrong.
Chump change for those manipulating the stock down. That will change though, and those retail investors with the "stones" will buy. BTW, I have "stones". And yes, I am underwater this stock considerably, but you have to be willing and able to buy when others may be "panicky". I am not smart enough to catch the bottom...but I see plenty of light above.
And btw, FDA in essence stating...
We are going to further punish you, RCPI, by not approving your initial drug application because the stats that you reference for safety were gained from selling your "drug" as a neutraceutical. Even though the evidence of safety far exceeds that of other new drug applications that we regularly approve. Because our process and interests (especially those of our big drug company benefactors) trump anything related to consumer interests and safety.
yep...only "losers" are the ones who have been taking the product for health benefit and cannot get it now...
Wonder if "back channel" in Europe can make it available?
Hopefully, he is ready to step in and buy more as needed as time goes by...or at least until IWSY gets over the hump and investors can know with more assurance that it is REAL.
Nothing that would be considered overly consequential...just largely restating what has already been said. Biggest things I got out of the conversation is/was that they are strongly pursuing European path...and it is faster. No sign that giving up on FDA but also no confirmation of any updates, etc. They are excited about the opportunity to present to 600+ people at the September conference. I agree that people should be calling....
Apple Says It Will Add New Security Measures After Celebrity Hack
The New York Times
By BRIAN X. CHEN 9 hours ago
Apple said on Thursday that it would strengthen its security measures after a recent episode where hackers broke into the Apple accounts of a number of celebrities, stole their nude photos and leaked them on the Internet.
The company said it would add alerts to tell people about activities that could be signs of a break-in.
Customers will receive emails and alerts called push notifications, which are messages that show up prominently on iPhones and iPads, when someone tries to change the password for their iCloud account, upload their backed-up account data to a new device or log into their accounts for the first time from an unknown device, the company said. The notifications will be added in two weeks.
In the past, Apple customers were receiving emails only when someone changed their account password or logged in from a new device. They received no notification or email when someone loaded an iCloud backup onto another device.
The Wall Street Journal first reported the news in an interview with the company’s chief executive, Timothy D. Cook. A company spokesman declined to comment further than what was stated in the interview.
Over Labor Day weekend, nude photos of celebrities including Jennifer Lawrence and the model Kate Upton spread on the Internet like wildfire. Early news reports pointed to a widespread breach of iCloud, Apple’s online storage service, as a possible source of the leak.
However, Apple earlier this week said that after a 40-hour investigation, the company concluded that there was no breach of its data servers. The company has said it discovered a number of celebrity accounts were compromised by targeted attacks, using methods like phishing or correctly answering security questions to obtain their passwords. It said it was working with law enforcement officials to investigate the case.
Not pardoning the stupidity of the governor of Virginia...but a real criminal would have gotten ALOT more than the Governor did. I would like his crime in the "white collar world" to someone stealing a few candy bars in the "blue collar world". Most poiticians are far more adept at "using" the political system to pad their own pockets. Just ask Mr. and Ms. Clinton about their speaking fees...or the former Republican Speaker of the House how much his new gig on Wall Street will pay him. Do you think the Lord will distinguish between what is legally right and wrong vs. morality right vs. wrong at the pearly gate?
Yep, his mention of IP importance to any acquirer definitely rang a bell for me as well...interesting that he would bother to volunteer that particular "spin" on IP without otherwise being prompted to do so...
Forgot a major one...
He said they had enough cash on hand and available credit to fund themselves for another year without raising capital. Again, perhaps means a "quick" step up in fees from SAAS model.
When someone suggested $23M in revenue anticipated next year, JM said that came from analysts, not IWSY.
Would be interested in others.
Jim does a very good job of presenting the value prop and IWSY product postioning...no surprise there, of course!
Strongly hinted that additional partnerships to come. (call me crazy, but I hold out some hope that Apple partnership may actually happen or has happened).
Reinforced idea of .50 to $1 for monthly recurring fees...which makes me think it is very possible that they got this kind of arrangement with their "major retailer".
He also said that would not be unusual to rollout 1M or 2M users "day 1" in the case of major corporations...didn't recall whether he was talking specifically retail or financial or discussing more generically.
Somewhat addressed Apple fingerprint issue by suggesting that 30% of consumers have unreadable fingerprints...due to jobs, work in garden, whatever.
Mentioned margins in the 70-90+ % range thanks to SAAS model.
Said they are wrapping up their work at LAX.
Said he couldn't say much about major retailer due to agreement with that retailer...and it involves "security".
Sure wish I could hear private conversations with Jim in the hallway following the meeting...that's the part that us individual investors miss out on!
Agree...have call into Ted Jenkins. When you call RCPI it's almost like you have reached someone at "home"...guess that they are putting their money into research...but would expect a bit more from a company working to establish credibility.
To me, questions, all based on what's going with FDA....
Does RCPI give up on neutraceutical based on FDA input that it is in conflict with IND?
Does RCPI put neutraceutical back in the market after discovering that FDA will not cooperate with IND approval? (I would think not likely...and basically, RCPI would be deciding to throw all of their chips for IND into Europe approval). Only reasons would really be to keep existing customers happy...and to assume that sales may one day increase substantially based on news of success with European trials).
Does RCPI get approval to both restore neutraceutical to shelves AND get IND approval?...all dependent on FDA.
Yep. Certainly hope Miller provides some "color" around the significance of the win...talks about other NEAR TERM opportunities to close, etc. Would be great to know how quickly things are projected to ramp with the retailer...aka, will volumes of users be X in 3 mos, 6 mos, 1 year, etc... Would also like to hear his take on NFC adoption by Apple in its latest phone and how this may represent an opportunity and/or threat to IWSY. (although I am sure he would be reluctant to comment about speculation specifically on what has not been announced yet...)
Another article today by Basenese on Imageware at SeekingAlpha....basically saying the shorts have already telegraphed their planned attack...and refuting some of their arguments that stock is "overvalued".
Mostly speculation about identity of "major retailer". Through deduction, concludes that it has to be Walmart, Costco or Home Depot...all of whom have existing relationships with Fujitsu in Mexico. Ultimately, he concludes that it is most likely Walmart. Also, makes some statement about protecting ones "gains" by putting in Stop Loss at 2...just in case.
Wal-Mart Stores, Inc. and Walmart de México Y Centroamérica to present at the 21st Annual Goldman Sachs Global Retailing Conference
Wal-Mart Stores, Inc. August 29, 2014 2:36 PM
BENTONVILLE, Ark.--(BUSINESS WIRE)--
Wal-Mart Stores, Inc. (WMT) and Walmart de Mexico Y Centroamerica (BMV:WALMEX) will participate in the annual Goldman Sachs Global Retailing Conference. Scot Rank, president and CEO of Walmart de Mexico and David Cheesewright, president and CEO of Walmart International will each provide an update on their business on Wed., Sept. 3 at 8:05 am ET and Thurs., Sept. 4 at approximately 12:20 pm ET, respectively.
Click here to follow Cheesewright’s presentation, and click here to follow Rank’s presentation. The presentations will be webcast live, and a transcript will be available by Friday, Sept. 5. The materials will be archived on the company’s website.
Wal-Mart Stores, Inc. (WMT) helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 250 million customers and members visit our 11,053 stores under 71 banners in 27 countries and e-commerce websites in 11 countries. With fiscal year 2014 sales of over $473 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at www.twitter.com/walmar
Interesting also with iCloud hacking story breaking over the weekend. Cramer/Faber talking up biometrics replacement of passwords on CNBC this morning as well....