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McDermott International Inc. Message Board

longtermnotshortterm 1 post  |  Last Activity: Aug 13, 2014 1:19 PM Member since: Mar 11, 2007
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  • Reply to

    Change of Direction

    by insiderinfo911 Aug 8, 2014 9:41 AM
    longtermnotshortterm longtermnotshortterm Aug 13, 2014 1:19 PM Flag

    I have no clue who is buying but I sold out today to walk away with some money. I see this headed to BK.
    Should have done this when the stock slammed from .60 to .30 but I have hopefully other winners to replace this.

    For what it is worth, I have made a lot of my NGLPF investment losses back on IWSY, a biometric stock that has partnerships (with their sales forces selling the products directly) with huge system integrator s (Fujitsu, T Systems subsidary of Deutsche Telecom, and IBM-to a lesser extent). Last CC on seeking alpha for IWSY is interesting, they announced a agreement in principal with a large global retailer (blurb below). Expect official PR in coming weeks (stated during CC in Q&A).

    "We are pleased to announce today that we’ve reached an agreement in principle for a three-year contract with this international retailer, which is one of the world’s largest. The biometric products will be licensed on a service fee model, generating revenue from an initial license fee per person and a recurring monthly license fee thereafter."

    Good luck all!

4.07-0.07(-1.69%)Oct 24 4:03 PMEDT

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