This company has always been worth about $100m. The market though has generally been too dumb to realize it as the management here are perpetually asleep on the job of detailing long-range backlogs until they want to sell businesses although the market has had the odd lucid moment like when it hit $4.59 on the ASO sale. The 1stDetect IP is worth at least $50-60m to add to this company's $50-40m cash. On eventual price discovery this stock will be worth at least $5 and I correctly nailed the ASO price long before the selling event as north of $50m whereas those idiots who argued with me at the time said it was not even worth its book value of $36m.
IMSC back down circling the DMRJ drain at 1.24 lol. It's not groundhog day for you losers but groundhog years lol ! Buldoc laughs loud and openly sneers at all of you sad losers in CCs buying his DMRJ buddies 8c options ROFL !!!
I don't know where you get the mistaken belief that I am a Long because I have never stated that anywhere in all my years of posting here. I just got dragged over here because of the boiler pump squad here who I thought were particularly aggressive to some pretty innocuous factual statements I made initially like IMSC would not have the only mini mass spectrometer solution in the market and so I got curious as to what they were so frightened off and hiding and after doing DD a lot more serious than they did I have correctly accurately predicted the stock price of this stock for the last few years with this knowledge.
Having said all that, now that they have got that initial TSA order from a large IDIQ if they remove their toxic 8c debt and if they actually can show profitable quarters with this order then if you like this company I would not advise anyone against buying it so that's a recent change from me but those are two big ifs and it is up to Buldoc now to work hard for his shareholders and not his vulture creditors to pull off those two big ifs next year. Over to you Glenn baby.
Buldoc needs to find $60-80m to pay off DMRJ/BAM on March 31st and tell them thanks for the memory. In 1997 SPAB aka ASTC borrowed about $60m over 10 years at only 7% and they only had to pay the interest over the 10-year term, if they can do it I don't see why ex-accountant Buldoc can't.
'I believe management will need to post another mega sale and ADDRESS THE DEBT OBLIGATIONS WITH DMRJ, PLATINUM, AND OTHERS, for the shareholders to have ANY CHANCE in sharing in any success this outfit may have'
Stock should also get a boost if profitable quarters are reported, in fact that will bring in a whole new crowd of value investors and day traders. You might have to wait until May 2015 though for FY2015Q3 results for that possibility. On the debt side it all becomes due at end of March. Buldoc now has 4 months to get you a better solution than a current continuation of the vulture toxic financing and more options should now be open to him if he could just tear himself away from being so chummy with his main creditor.
It is an undeniable fact of physics that temperature increases by the known CO2 increase over the last century by itself is only responsible for temperature rises measured in tenths of degrees, not tens but tenths ! It is only by producing climate 'models' that arbitrarily have already pre-decided that any temperature difference between the CO2 by itself and what is actually observed must be due to CO2 have a forcing water vapor heating function that you get these ridiculous 5-10 degree warming predictions. No consideration as to other factors being responsible for the difference like orbit, oceans, solar/cosmic rays are countenanced or bothered with !
The whole thing is the biggest load of unscientific nonsense I have ever seen purporting to be real science and the real sad part is that it will unnecessarily cost the human race trillions in unneeded expense and effort to fix this irrelevant CO2 rise that could be spent far more wisely fixing poverty, hunger, disease etc which are real problems unlike runaway global warming which is just a fantasy and has not been observed in the real world in centuries of C02 increases.
The global temperature has been flat for 14 years now ! A highly 'Inconvenient Truth' for the warmists that has spawned quite ridiculous pseudo-theories to explain. I suppose when you have already fiddled the figures by removing thermometer readings in the coldest places this is really only a trick you can do once ;-). The Flat Earth analogy was very apt by dewey_duhawk as that is the level of the huge scale of scientific fraud that has been perpetrated on mankind by the alleged CO2-caused temperature runaway proponents for which there has not been any empirical evidence for decades now !
' Actually, it was the go-along-to-get-along types that supported the flat earth nonsense. The Catholic Church would sentence you to Hell, if you didn't . They are the equivalent of the government and university scientists today who go along with the politically-correct global-warming nonsense.'
Totally agree. 8+ft of snow in the NE is actually killing people and it is only November ! God help us all when the next mini-Ice Age actually tips up if we are not already in it as the winters have become progressively harder lately to anyone bothering to monitor the real weather rather than nonsense theories that too many pseudo-intellectuals are too emotionally/financially deeply invested in to admit they are totally wrong. The President just agreed to waste more of the world's money in G20 'combating' a global warming threat that only exists in his imagination, good job !
Short related transactions have been running about 50% last two days but hey I like your theory better, it's more sexy ;-).
Pickens is more likely to bury your Short but hey it's your money if you want to throw it away. It touched 2.90 today and a concentrated effort now looks under way to establish it as support. Once that happens your money will be gone forever.
'On September 2, 2014, DMRJ converted $212,000 of the accrued interest owed by us under a promissory note into 2,650,000 shares of our common stock, at an adjusted conversion price of $0.08 per share. As of June 30, 2014, the outstanding balance due under the senior secured convertible promissory notes issued to DMRJ and accrued and unpaid interest was $34,552,000, of which a $3,184,000 senior secured promissory and $2,175,288 of accrued and unpaid interest are convertible into shares of our common stock at $0.08 per share; a $12,000,000 senior convertible promissory note and $3,320,000 of accrued and unpaid interest is convertible into shares of Series H Convertible Preferred Stock, which preferred stock is convertible into shares of our common stock at $1.09 per share; and a $12,000,000 senior secured promissory note and $1,873,000 of accrued and unpaid interest is convertible into shares of Series I Convertible Preferred Stock, which preferred stock is convertible into shares of our common stock at $1.18 per share.'
I have just outlined the future of this stock for the coming months/years, ASTC shareholders will be laughing last here ;-).
I will be keeping a very close eye on the NGCD contract(s) over on FPDS (just put a specific link on the ihub board info box) as that will give readers about a week (probably more) advance notice before any official company PRs. That Battelle development contract is worth $9.8m with options all added and in the last quarter ASTC NGCD revenue surpassed all the MMS revenue of the last two years as in the 10-Q Astrotech specifically mentioned that was the reason for the increase. It's definitely where the big money is coming from in the future as the initial NGCD production contract for all types is $110m in FY2017 which is just 2 years away. Obviously though Astrotech has to beat the two other competitors in that MSID class, Bruker and Chemring, to get it but I noted Battelle and Astrotech had the largest development contract (with all options added) out of the three so that is a good start.
That's not the full story, DMRJ can also convert the interest on those notes at the same convertible rate, see last 10K for exact details.
There is no renegotiation of the debt required. All that has to happen is on March 31st when ALL the debt comes due Buldoc has to present DMRJ and BAM with about $60m and all their debt and options disappear on that day. Let's see how much he cares about his shareholders if instead he continues with the current toxic high-interest highly dilutive arrangements instead. He just needs to find that money from someone else, at a lower interest rate preferably, and the 8c options disappear. He has 4 months and counting to do the right thing for his shareholders but will he ...