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Intel Corporation Message Board

marsavian 231 posts  |  Last Activity: 17 hours ago Member since: Jun 15, 2005
  • Reply to

    MANY have tried, but only ONE was chosen

    by posithinki Nov 13, 2014 9:25 AM
    marsavian marsavian Nov 13, 2014 11:45 AM Flag

    To be fair DMRJ took a calculated risk and it looks like they will get all their money back plus $100m profit and good luck to them. Now that profit does not to be so high now as most of it will come out of future shareholder hide. This management here have a choice now to change the future for their shareholders but will they. I remember nagging the ASTC CEO for years about taking out a selling institution that was depressing the price and he did in the end with his own money and without even using the company's buyback facility. It would not have got to 3-4 without this preemptive action.

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 11:37 AM Flag

    What Buldoc needs to do is borrow $60-80m from someone else at say 7% and pay off these two toxic loans immediately stopping any further debt dilution at 8c per share right here and now. Let us see if he does it though, I strongly suspect not and all his cheerleaders here will carry on applauding this total indifference to retail shareholders who had the misfortune to buy higher than they did.

  • Reply to

    Mr Marsavian out this AM trying his best

    by posithinki Nov 13, 2014 10:15 AM
    marsavian marsavian Nov 13, 2014 10:41 AM Flag

    because I care more about your fellow shareholders who bought high than you do.

  • Reply to

    Mr Marsavian out this AM trying his best

    by posithinki Nov 13, 2014 10:15 AM
    marsavian marsavian Nov 13, 2014 10:39 AM Flag

    1 ASTC buys 2.5 IMSC, there is nothing to be jealous of here. OTOH you don't like inconvenient truths pointed out to all the bagholders you helped create. I posted in 2011 anyone who buys over 1.30 will be a bagholder here and damn if it is not still true today ! Instead of uselessly pumping here get on the phone to Buldoc and tell him to remove that toxic DMRJ convertible debt now he has a big IDIQ to wave to other lenders ! Do something useful for once for your fellow shareholders instead of publicly blowing his trumpet.

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 9:59 AM Flag

    No.

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 9:58 AM Flag

    Another one of my truths you mean

    http://www.businesswire.com/news/home/20091223005216/en/Implant-Sciences-Update-Senior-Secured-Convertible-Promissory

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 9:54 AM Flag

    You forgot the 26m 1.09/1.18 DMRJ options and all the management options on top. 200+m it is.

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 7:57 AM Flag

    Can you buy 67m shares and take the rest off their hands ?

    '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'

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 7:55 AM Flag

    So the company should really find the odd $60m from some one else to pay DMRJ and BAM off but will they when DMRJ have a Director here ? The 8c note was debt that IMSC defaulted on and the price dropped to a few cents which longs also took advantage off so the note was above market stock price at the time but whose idea was it to make it convertible at such a low price and now that's 67m 8c shares still waiting to be unleashed. The diluted market cap of this company looks around 200m to me.

  • Reply to

    Re-Fi

    by skopii Nov 12, 2014 5:51 PM
    marsavian marsavian Nov 13, 2014 7:48 AM Flag

    BAM have no convertible shares but because IMSC put them as preferential creditor this shields IMSC's convertible debt from being paid off first. The interest is also convertible as shares ...

    sec.gov/Archives/edgar/data/1068874/000106887414000046/imsc140630_10k.htm

    '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.'

  • Reply to

    Service contract on a TSA ETD fleet

    by marsavian Nov 12, 2014 11:55 AM
    marsavian marsavian Nov 12, 2014 2:46 PM Flag

    The real killing is on those 8c options, at least $50m profit once all fully converted. Who in their right management mind would agree to such massive dilution at such a low price. Oh well, it's turned into a perennial eternal buying opportunity for enthusiastic longs at around a dollar and quarter.

  • Reply to

    STRONG BUY

    by chung.mama Nov 7, 2014 1:55 PM
    marsavian marsavian Nov 12, 2014 2:20 PM Flag

    Two months too late ;-)

    'marsavian • Sep 3, 2014 4:51 PM

    I also suspect chung.mama is his chirpy canary :)'

  • Reply to

    Service contract on a TSA ETD fleet

    by marsavian Nov 12, 2014 11:55 AM
    marsavian marsavian Nov 12, 2014 1:57 PM Flag

    If the management really cared about them they would now take out a $60-80m loan at a lower interest rate to wipe out all that convertible debt.

  • Reply to

    posit, tdcomm - question.

    by zerbgreg Nov 12, 2014 1:39 PM
    marsavian marsavian Nov 12, 2014 1:52 PM Flag

    Never shorted a stock in my life and never will. Sorry you can't handle the truth. You can now wait on the imaginary positive spin from your desired posters ;-)

  • Reply to

    posit, tdcomm - question.

    by zerbgreg Nov 12, 2014 1:39 PM
    marsavian marsavian Nov 12, 2014 1:46 PM Flag

    DMRJ are going to convert before the management do which is why 1.40 is not a stable price in this stock.

  • Reply to

    Service contract on a TSA ETD fleet

    by marsavian Nov 12, 2014 11:55 AM
    marsavian marsavian Nov 12, 2014 1:26 PM Flag

    Telling the truth is being nice, notice only my price targets have been remotely been proven correct over the years unlike all your ridiculous $2-$15 price targets which have trapped so many bagholders in this stock.

  • Reply to

    Service contract on a TSA ETD fleet

    by marsavian Nov 12, 2014 11:55 AM
    marsavian marsavian Nov 12, 2014 12:36 PM Flag

    Why do you think DMRJ let that other creditor's non-convertible $20m take preference ? To protect their convertible debt of course. DMRJ unlike you is not dumb.

  • Reply to

    Service contract on a TSA ETD fleet

    by marsavian Nov 12, 2014 11:55 AM
    marsavian marsavian Nov 12, 2014 12:20 PM Flag

    There is going to be massive dilution and there is nothing that can be done about it as you would have to pay off about $40m of non-convertible debt first to get to it and that is not going to happen for years by which time DMRJ would have fully diluted. You are going back to 1.18 whether you like it or not until DMRJ fully convert all those options and then down to 1.09 and then lower under 1 once all those 1.09 options are converted until DMRJ finally get rid of their 8c options. Only then will this stock be safe to buy.

    Contrary to also what you just inferred 1stDetect also did not apply for any TSA related business which in hindsight was another wise move by the ASTC CEO as now would not have been an appropriate expenditure of time and money. 1stDetect technology is superior but the govt has to use its budget each year or it will lose it and it just happened to be IMSC's turn this year as their non-radioactive product was ready before Smiths. Lucky you and it was just luck.

  • Can't be small once those $162m worth of ETDs get delivered. Something else that escaped your notice, must I do everything for you guys ! ;-)

  • Reply to

    astcbuy1 - silence that rodent or pay the price

    by astcboy1 Nov 12, 2014 9:32 AM
    marsavian marsavian Nov 12, 2014 10:57 AM Flag

    Fred did not mock me or ASTC, in fact he gave a civil factual on-topic reply to me. It's long past time to stop bothering him. Let him be.

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