5% and it is only mild profit-taking. The earnings were great, $50m net cash as opposed to the $60m net debt your loser company has and I also heard your CEO defending DMRJ so those 93m options of theirs are going nowhere, back to 1.18 for you lol !!
currently the company IP is currently being valued at ... $1m LOL. Market is being silly again like when it valued ASTC at 20c ;-).
It really should not be up to me to provide this valuable information, the company should be doing it !
The Battelle development contract (EMD) is over two years, from the $110m pdf link I posted earlier...
TITLE: Next Generation Chemical Detector (NGCD)
CONTRACT TYPE: CPIF/FFP (Up to four separate contracts for each NGCD
CDD material solution)
PERIOD OF PERFORMANCE:
• 2 years Engineering Manufacturing Development (EMD)
• 6 years (option) Initial Production / Full rate Production
TOTAL ESTIMATED PROGRAM FUNDING IN PB14: $ 110M (FY17-19) (Note: 4
distinct efforts, each with Research & Development funding for 3 years of EMD)
• Issue RFP: October 2016
• Forecast Award: March 2017
obviously only a few million of that would go to ASTC (who don't really need the money now anyway :) but still it is looking very promising especially if Battelle eventually get some of the $110m production contract starting in late 2016. ASTC's breakeven is probably around $10m revenue these days assuming 50+% GM so the NGCD could easily bring in a lot of new profit to ASTC all by itself in a couple of years time.
link to follow if yahoo will let me post a variant !
Strictly speaking that is the amount that is going to the lead contractor Battelle but no there is no real reason they could not have provided ASTC's portion apart from laziness I guess. You know you have had to rely on me for years to dig out ASTC's contract details before the official company PRs lol ! What is interesting is all the background on that contract on the fbo site. This company only really tells its shareholders after the event what it has been up to but it has been busy never the less with Rigaku, Battelle, iontrac etc.
This has been in play since June 2013 and there was only one other competitor in its MSID class who also got an award ($637K), Bruker, so it is a straight shoot out between the two.
Got all those numbers more or less right including my previous sale tax estimate of about $3m. Net cash (including $6m escrow) is now $50.2m with property assets at $1.2m so the company market cap is currently trading only a million dollars above all its assets 98% of which is cash which clearly is not right and a severe undervaluation lol ! Will scan the 10-Q to see if any gems lurk there,
You don't need to guess how many convertible shares are out there because they are updated every quarter in the SEC filings which is why every serious investor should read the 10-Q / 10-K from front to back even if you don't understand most of it. The SEC filings are the closest you are going to get to make a company tell the truth. I make it about 93m o/s DMRJ options last quarter with 67m of those being 8c ones ...
'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.'
as tasty as IMSC only 'zooming' to 1.41 after all what you promised ? LOL, what a pathetic loser stock, you are heading back to 1.18 after DMRJ get done selling more of their 8c interest shares. Only the tiny matter of another 93m options to go and you will be free of DMRJ LOL !!!
tdcomm2 (my favorite civil witty Long), I have seen these IDIQs in action with ASTC, it will be the TSA's intention to spend the whole amount and if they can't do it in a year they will put out an amendment to the IDIQ contract to extend the ordering time by months/year or even the amount (upwards). The IDIQ is just the first initial statement of intent and they obviously want to see how the first 1100 turn out before ordering some more but as sure as night follows day the whole amount will eventually be ordered barring any unforeseen circumstances as I told the doubting williamszxz yesterday.