Heh, the company could buy the whole float up and still have change left over. The current authorized buyback facility is over 5m IIRC but first time it has been used in anger for years.
Entry into #$%$ M#$%$teri#$%$l Definitive Agreement, Fin#$%$nci#$%$l St#$%$tements #$%$nd Exhibits
Item 1.01: Entry into #$%$ M#$%$teri#$%$l Definitive Agreement.
Stock Purch#$%$se Agreement
On November 17, 2014, Astrotech Corpor#$%$tion, #$%$ W#$%$shington corpor#$%$tion #$%$the "Comp#$%$ny#$%$, entered into #$%$ Stock Purch#$%$se Agreement with Sh#$%$-Chelle M#$%$nning, #$%$ member of the Bo#$%$rd of Directors of the Comp#$%$ny #$%$"Seller#$%$, pursu#$%$nt to which the Comp#$%$ny purch#$%$sed from Seller 100,000 sh#$%$res of the common stock, no p#$%$r v#$%$lue, of the Comp#$%$ny #$%$"Common Stock#$%$ #$%$t #$%$ purch#$%$se price of $2.56 per sh#$%$re, which w#$%$s equ#$%$l to the closing price of the Common Stock on the NASDAQ C#$%$pit#$%$l M#$%$rket on November 17, 2014 #$%$the "Stock Purch#$%$se Agreement#$%$.
How about the next day ;-). You guys are wasting your time, this company could not have any revenue for the next 7 years and it still would not go out of business they have that much free cash. By 2017 though Spacetech revenue will be $15-20m a year if they get the NGCD MSID Army contract and any MMS-1000, Rigaku, ionTrac revenue you can add to that. Like I told all the bashers that told me in 2007 that this company would go bankrupt with Space Shuttle retirement, not in your lifetime ;-).
AUSTIN, Texas--(BUSINESS WIRE)--
1st Detect Corporation, a subsidiary of Astrotech Corporation (ASTC), announced today that the MMS-1000 mass spectrometer has met the regulatory requirements for CE certification. The CE testing process ensures the safety and performance of the MMS-1000 according to standard testing methodologies published by the European Commission as IEC 61010-1:2010 (3rd Edition) and IEC 61326:2012‐07.
“We are focused on delivering our breakthrough technology to the international marketplace, including the European Union," said Thomas B Pickens III, Chairman and CEO of 1st Detect. “The CE certification clearly demonstrates our ability to meet the needs of this important market and allows us to bring faster, smaller, and more cost effective instrumentation safely to customers.”
The IEC standards ensure that customers can safely operate the MMS-1000 under normal conditions without sacrificing safety.
“The certification demonstrates the ability of the 1st Detect team to deliver high performance products to customers around the world that are designed to be compliant with a variety of national and international regulations,” 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.
You have been reported to the SEC for company libel and lying to manipulate a stock price. Expect the Law to come a knocking.
Stock is 2.60 and climbing, ISMC is 1.39 and falling lol !! You promised there would be a crossover in price but as you are a complete fckwit of a village idiot only the complete utter dunce that is the bizarre collection of cells that is you believed it lol !!! Back to 1.18 loser LOL !!!
The stock is currently trading at its free cash and stocks generally don't trade below their free cash so that will stop it and its 1stDetect IP is easily worth another $50m (conservatively) so this stock is currently trading at half true value. I know the idea of positive cash is a strange foreign concept to an IMSC debt dumbo like you but trust me on this lol.
There has been non-zero Spacetech revenue for over 2 years now and those little things called SEC filings show that but I know your tiny brain has trouble with those complicated documents as you only pump what your dumb management tell you to pump. This company's revenue is ramping now, working on a publicly documented $10m NGCD development contract that will lead to a potential $110m publicly documented production contract which will make this stock soar in the future all the while IMSC remains firmly anchored to the low 1s for all eternity lol !! Enjoy your stock stagnation, your utter immense stupidity has truly earned it lol !
Crash and burn alright but for IMSC lol !! Already down 3c down on the opening bell while this stock will gently float back up to the 3s where it belongs, in fact its true fair price now is 3.5-5.0.
IMSC - No Profits, No Cash, No hope in Hell of ever paying off its $60m debt and removing its 90m cheap DMRJ toxic options !! You are heading right back down to 1.18, DMRJ are going to make it so LOL !!
p.s. you are astcboy1, how many peculiarly deranged stupid individuals like you do you think there in the world ? I will give you a clue that even your 2 sad lonely brain cells can compute, it's the number between 0 and 2 !!
LOSER with a LOSER STOCK LOL !!!
I am pretty sure you mentioned my name in the opening post but then again your hypocrisy matches your stupidity. If you can think you can tear yourself away from all these ineffectual deflective personal attacks on me/ASTC perhaps you can explain to your fellow shareholders why an effective 1000-2000% interest rate is such a great deal for your fellow shareholders. Tell them why converting an original $5m debt into $50-100m of shareholder equity should thrill them and rock their boat. You and your fellow pumpers disgust me with this cynical defense of the indefensible.
ASTC's trailing yearly earnings per share is now 86c wake me up when IMSC has a positive eps or even loses less money than ASTC in any given quarter LOL !! Your clown stock is not even in the same league which is why you are in OTC loserville while ASTC soars with the other cash rich companies on Nasdaq.
15% is not the true interest on that convertible interest, it is more like 2000% for the 8c convertible interest. If you think that is a great deal for the shareholders you are even more dumber than I thought you was. No CEO in their right mind would continue with such a loan deal if viable cheaper choices were now available and they are now.
'Not officially but it should be the capital gains tax on (sale - book value = ~$25m) - tax loss allowance. I would be surprised if it is greater than $5m and it will probably be less, ~$3m is my WAG.'
I reckon about a million of this tax will now be clawed back over the next 3 quarters, hopefully more !
It has sold at least 8 MMS-1000 by my calculations of revenue already booked and leased out a couple more. You are the paid (IMSC) shill as evidenced by your user name and actions over here. Also more importantly you have had all the good news you was expecting this year and unlike your BS grandiose boasts all IMSC is doing is ZOOMING BACK to HALF ASTC's price LOL !! LOSER with a LOSER STOCK !!!!
IMSC is just my favorite company soap opera, I just love hearing your CEO spinning his grandiose fairy tales and telling all you sad saps to shut up when you meekly ask if he could stop DMRJ robbing you blind. Back to 1.18 for you and unlike you my predictions all come true in the end, remember 1.18 was the price it dropped to just before QPL as I predicted many times here and after DMRJ have finished dumping a few more million 8c options on you true believers you will be heading back there.
You just keep on lying like the stupid low-IQ moron that you are. This company has a great business plan told by me to you many times now, partner with leading OEMs and build disruptive stand alone products. It also has 4 distinct products now all in tangential parts of the market so there will be no overlap e.g. MMS, Rigaku ThermoAnalyzer, Battelle Next Generation Chemical Detector (for US Army) and IonTrac mass flow sensors.
' generated from a division that's wholly disconnected from the company's business at the moment.'
another bald-faced lie as 1stDetect is doing the Battelle NGCD and it is not an anomaly, it is only the very first part of a development contract that is ultimately worth $10m and the production contract is worth $110m just for the first 2-3 years out of a 6-year option. In other words the very beginning of a steady ramp of revenue from only one of the four distinct products this company is developing. The cash burnrate is also so low in this company that the free cash will not drop below $40m before it starts growing again which is a $100m better cash position than your sad loser company.
Meanwhile back in IMSC loserville IMSC can't even reach the 1.60s nevermind its previous peak of 1.84 which I told you would be the all time peak years ago and how right I was yet again. Not only that, we learned today that the 1170 order for $21.5m will not be finished until Sep 2015 which means I doubt you will even break-even over the next year which means your sad loser $60m debt will remain firmly in place with 115m cheap options and counting still in the wings ready to dilute your sad loser stock and crush any rally. Back to 1.18 for you sad losers while this stock floats serenely back into the 3s again.
You only agenda is being the totally worthless #$%$ you naturally are lol. ASTC will still have a better cash position than IMSC even if by some miracle you get $162m orders as you have $60m debt and 115m options still waiting to be diluted and you will still have debt even after that IDIQ order. Your stock is doomed to never be higher than 1.18, enjoy your stock going nowhere fast for many more years to come lol. Didn't you promise you would be zooming past ASTC after the IDIQ ? LOL, NEVER GOING TO HAPPEN LOSER !!!
p.s. again your tiny little brain is having trouble registering non-zero Spacetech sales which has been the case for 3 financial years now.
My advice if you worried but still like the company/stock, bank your profits if the price drops and reload around 1.18 because DMRJ won't take the price below their highest priced options. This is a game you will be able to play with DMRJ for the long foreseeable future, ride the stock up and down with them ;-).