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 $60m and all their debt and options disappear on that day. Let's see how much he cares about his shareholders if instead he continues with the current toxic high-interest highly dilutive arrangements instead. He just needs to find that money from someone else, at a lower interest rate preferably, and the 8c options disappear. He has 4 months and counting to do the right thing for his shareholders but will he ...
'The debt will be restructured and IMSC will be a 15-30$ per share company in a few years or purchased for 5=10$. That seems like a high probability right now. '
Diluted share count is 100-180m depending on whether you can get rid of DMRJ which is unlikely as Buldoc loves them so much.
At $5 this makes it a $500-900m company
At $10 this makes it a $1.0-1.8bn company
At $15 this makes it a $1.5-2.7bn company
At $30 this makes it a $3.0-5.4bn company
So you are saying IMSC is going to be $3-5bn company in a few years at a $30 share price ! Quite frankly you should be arrested for even posting such dangerous bagholder-creating nonsense !
Could be a Whale or the Company is following my advice. Once 2.90 is turned into support it will become a beachhead for easy repeated assaults on the resistance in the 3s until it finally beaks down releasing the stock into the 4+ zone.
The support to 2.90 has started ;-). I know my TA, if the company supports it at that price retail investors will do the rest with all the moving averages under them and send it repeatedly crashing into the 3+s.
My numbers are based on known actual facts i.e. official govt contracts not the vague arm and hand waving everyone else indulges in on this board. Seems nobody likes inconvenient truths here ;-).
Oh if only IMSC could see numbers like $2, $3, $4 on a regular basis lol ! If that's 'trouble' for ASTC what does that say about IMSC which can't even hold $1.40 any more and there is no more good news to come yet still 90m+ DMRJ options still out there ?! I don't think ASTC is the stock in trouble here lol. As for the director selling she still held back some shares and the company bought back and retired her shares so the share count was actually reduced by that action, obviously had some pressing purchase she wanted to make with the money. In fact ASTC has enough money to buy their retail float twice over, they could take the stock to $10 just by buybacks with their free cash if they wanted to lol. These are luxuries that IMSC will never have to concern itself with ;-).
ASTC shares are still worth about twice an IMSC share when only a couple years back an IMSC share used to be worth two ASTC shares so I am happy to reply ASTC is doing just fine and it will do even better in the future and become a $5 stock over the coming years when the 1stDetect IP fully permeates and flexes its muscles in the spectrometer marketplace. Also no debt options in that stock to crush any rallys as total diluted share count has been under 20m for 7 years now and counting ;-).
Ok, let's do the math from a financial year POV. Buldoc above has said that he expect FY2015 to come in around $20m+. He has also said the 1170 units will be delivered from Dec 2014 to Sep 2015 i.e over 10 months with about 120 in each month. So FY2015 will contain ~70% of the order. 70% of $21.5m is about $15m. This quarter saw $1.8m other sales, say $1.5m normal average, multiply that by 4 and add to 15m and you get $21m which is pretty close to what Buldoc said.
Now you said it would be unprofitable at that rate, not necessarily at full factory floor utilization and there will be full QS-B220 factory floor utilization from next month for the following 10 months processing flat out the TSA and other orders. You will have to wait for FY2015Q3 to be reported in May 2015 to see how profitable or unprofitable full factory floor utilization but it is obvious that under $20K is very cheap and the TSA will come calling again with more orders if they remain that cheap meaning that a $162m IDIQ could keep IMSC busy for the next 70-80 months i.e. 6 years at that rate. Even if you are only mildly profitable each quarter that sustained level of profitability will burn up all of DMRJ/Management options over time and allow for stock appreciation on top. There you go, I have produced an optimistic IMSC scenario and I did not have to make a single thing up ;-). That's how you should present believable optimistic DD.
1st Detect Corporation, a subsidiary of Astrotech Corporation (ASTC), announced today that its RoHS compliant OEM-1000PI mass spectrometer has been certified by Underwriter Laboratories as a recognized component meeting IEC 61010-1:2010 (3rd Edition) standards. Recognized component status enables our OEM customers to safely integrate the OEM-1000PI into their own products.
“We are committed to offering products and technologies that have compelling features and are also compliant with International Safety Standards,” said Thomas B Pickens III, Chairman and CEO of 1st Detect. “Our OEM customers can now confidently integrate the OEM-1000PI product into safe solutions.”
“Our emphasis on delivering products that are standards based is clearly demonstrated by the RoHS and safety compliance certifications on the OEM-1000PI product,” added David Rafferty, President and CTO of 1st Detect.
1st Detect Corporation has developed an instrument that revolutionizes the chemical detection and analysis market by delivering lab performance mass spectrometry in a small, affordable and easily portable package. The 1st Detect mass spectrometer is capable of detecting a wide variety of chemicals including residues and vapors from explosives, chemical warfare agents, toxic chemicals, food and beverage contaminants, and pollutants. These abilities make it an ideal tool for a variety of applications in the research, security, industrial, process flow and healthcare markets.
About 1st Detect Corporation
1st Detect Corporation was formed by Astrotech Corporation (ASTC) to develop and commercialize miniature mass spectrometry technology first developed under an agreement with NASA for use on the International Space Station. 1st Detect offers a breakthrough miniaturized mass spectrometer that fills an unmet need by being highly accurate, rapid, lightweight, and cost-effective. For more information on 1st Detect Corporation, please visit www.1stDetect.com.
About Astrotech Corporation
Astrotech is a leader in identifying and commercializing space technology for terrestrial use. 1st Detect Corporation is developing what we believe is a breakthrough miniaturized mass spectrometer, the MMS-1000™, while Astrogenetix, Inc. is a biotechnology company utilizing microgravity as a research platform for drug discovery and development. Both are wholly owned subsidiaries of the parent.
Not necessarily if the sale tax is based on a percentage calculation rather than a block outstanding amount. As for the Director sale the 8-K said she was told she might not be in possession of all material facts before she sold which sure sounds like a personal reason for the sale to me. Total non-event IMO.
Bolduc says a “good part” of the order for the 1,170 units will be shipped in Implant’s current fiscal year, which ends in June 2015. The company reported $1.8 million in sales in its first quarter and with the TSA contracts sees more than $20 million for the fiscal year, he says.
Bolduc, however, says that the ID/IQ contract has options that could extend the contract into future years, although the number of years it can be extended for “is anyone’s guess.” He suggests that the $162 million potential says something about TSA’s needs and expects the new business to continue into the federal government’s fiscal year 2016, which begins on Oct. 1, 2015.