true. MGN will never get developed and will probably be sold to RVM for a song at some time. But in the mean time, I can see the play between them
noticed that "Toyota Dealer Support" is now listed under customer support on home page. This is in addition to "Dealer Support". Toyota to get their own dedicated support group
no, he already said he was buying more CDTI to spite me - but then deleted that thread and the replies hoping no one would notice. He put the original thread back up but of course the replies are gone. Just another one of his tricks
I see 2: Announcing: ID Systems Analytics which should be Announcing: I.D. Systems' Analytics
Not sure about the apostrophe
You are better than me. What are the other 2?
RVM has mining experience and a mine. They were profitably mining the mine until an earthquake caused a cave in. That mine is few miles away from Rock Creek/Montanore so the same geology. The miners plan on moving from the one mine to the other. RVM is also 10 years ahead of MGN in the permitting process
all he was saying is MGN has never operated a mine and has no experience.
exactly!! Notice how Ken actually downplayed the whole rental thing. But he did get his digs in:
- if they bought it years ago, it would already have been paid for
- how does a C-level exec explain why they don't have telematics on their fleet
- not really concentrating on Avis
Avis was a distraction and an obsession with Jagid. So much so that he lied about the roll out. I would have never paid him severance. I would have gotten the SEC involved with his lies and threaten him with jail. I hope he gets hit by a bus
normally, when insiders want to sell, the company can arrange buyers from institutions at agreed upon prices. I don't think IDSY is helping out the ex-employees. I got the feeling there was bad blood between Jagid and Ken and the BOD.
the sales guy and ex-BOD options expire in 4-6 weeks. Their timeline is therefore compressed. If you have options for 30K shares that were in the money for $1, would you exercise? There is a large risk you could sell some for a profit, but be left holding the bag on others. I think I would need $1.5+ in order to exercise. In other words, I would only exercise options under $4
apparently there are some. the last discount to the current value was 25% + 6% dividend + 1/2 warrant at current price. Anyone can make money with that. As time goes on, the new deals will have to give even bigger discounts, more interest, and more warrants. Someone will always get inline for something like that. It really can go on forever.
All that means it is good for the new buyers, but bad for current holders
that's funny, because the 10Q just filed said they only have enough cash through end of year and some of next year and that they would have to dilute.
Stock down now billy. It tried to tell you.
cash dwindling (though it is only down $400K in 6 months)
increased expenses (IDSY 2.0)
can't seemingly land the big contract
large amount of ex-employee shares to burn through (Jagid, ex-BOD, ex-sales guy)
Avis has no idea how to proceed (could have paid off system by now)
new products available in every category
many potential "transformational" customers in queue (Toyota, Home Depot, new Airline, new Auto company, Railcars/Railroad co)
right people in the right spots
channel sales increasing (this can ramp revenue at lower margin with less overall risk)
WalMart has agreed to renew TMS
predicting higher TMS growth rate
new products are lower cost, easier maintenance, and better performing
One mid-to-large size deal away from profitability