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Post by JHam on Nov 7, 2015 8:39:24 GMT
Sorry guys I don't know how to quote your messages. The co had also told me that the main reason for the identity protection is due to it being in their national defense strategy, which sort of begs the question, if it helps the economic strength of a region of 4-5 countries, why would one country choose to run the program incognito? Getting into the area of wild speculation now To quote make sure you first click the "Quote" box After that, click in the grey area underneath the white box with the quote you want to respond to. Then just start typing. Should work. Yeah it is a tough one to figure out, but I am sure there is a good explanation. Maybe something to ask on a CC or in an email.
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Post by furbush87 on Nov 7, 2015 14:53:07 GMT
Sorry guys I don't know how to quote your messages. The co had also told me that the main reason for the identity protection is due to it being in their national defense strategy, which sort of begs the question, if it helps the economic strength of a region of 4-5 countries, why would one country choose to run the program incognito? Getting into the area of wild speculation now Interesting, one of the others I spoke with indicated they had been told ITMSF was precluded from naming the country but that things had changed. Makes one wonder, if that is the case, then it couldn't be any of the countries we know is setting up NSDI because it would also preclude other companies from mentioning it. Further it may lead one to assume even the region is inaccurate and perhaps somewhere in Asia would be more accurate as there is far more regional competition in Asia, most African nations have various collaborations and partnerships.
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Post by biposter on Nov 7, 2015 19:56:00 GMT
Morning fellas, I like how this thread evolved. Created an Account to jump on in. I too investigated Ghana (without knowledge of this thread) and am 50/50 on if it can be with them. The reason for the indecision is due to the mess in their ministry of finance, and because that NSDF paper they have (I've read the entire thing) doesn't at all mention disaster risk or flood risk management! However, using reference to this link: www.ghanalap.gov.gh/files/NSDF-For-Ghana.pdf , the NSDF was at the time of publication, before Cabinet which needed to approve it to then go before the President. Perhaps the milestone referred to was that it passed through Cabinet? A couple days after that opst, the World Bank President travelled to Ghana to meet the Pres and the Finance Minister, at the same time the World Bank guaranteed $400M in debt, the max they could do for the country. As per twitter, the World Bank President loved his time there! There's a big caveat that I have seen though. In the past few weeks, Ghana has been approved large debts but they are going to get huge in-house resistance on spending of it. Worryingly enough, a large chunk of the debt from the IMF was not divulged to minority parties in the government and they are not signing off on its usage; signs of an obvious inner struggle whereby the finance minister is a target by the opposition. In this sense, I'm hoping the contract actually isn't with Ghana, despite the fact they are the 2nd safest country risk in Africa (However they pay far higher interest rates around 25%) with very ambitious development initiatives surrounding MDGs set by the U.N. Ghana appears to have a perpetual problem of having their hands tied with too much indecisiveness. Ghana does have a catalyst for change and decision however, which I find interesting. The June flood in Accra caused huge damage, and is actually a yearly occurrence, with increasing damages in recent years, especially 2015.. They also have huge problems with their drainage system in Accra, and a $600 million plan to change it has been cancelled due to the government not being able to justify increasing the public debt by such a large amount. However, the catalyst brought on a very passionate speech by the Ghanaean President, right around the time that the Letter of Award was given to Intermap. Essentially, he stated that Ghana's history has been to always talk and never walk. That they needed to permanently take action toward their natural disaster prevention goals. And that they needed to begin being proactive not only as a gesture to the lives lost, but to help aid economic and social development. This is why I found it interesting the NDSF did not mention disaster risk management. I did not mean to run on this much by the way. So I'll stop here. Now, we are all waiting. One week left until earnings. And this earnings report will be the most significant in years. I'm personally looking for Q3 revenue above $3 million, with good cash balance, low AR. I do believe that due to the timing of the projects that Q4 may be better on a margin basis, even though Q3 may have more of the revenues. 3 Mil will be the highest revenue since 2013, and the InsightPro strip of that is likely to renew, so the 2014/H12015 days appear to be in the rear view. One other comment about Mark Gomes before I hand this back over. He mentioned in early September, in one of his Intermap PTT letters, that he initially expected this deal to close Q1 in 2016, and was cautious about the initial Q3 closing date set by Intermap. At the back of my mind I wonder who is stringing who along. Is Intermap stringing shareholders along? I don't think so. Is the government stringing Intermap along? Probably many fear so. But none of us can officially know. Fingers crossed that whichever government we are dealing with that all parties are heavily incentivized to get this deal closed. That's the key factor for Intermap's success afterall. Thanks, mr.pb, for sharing. Yeah, I guess that’s what you’d probably expect from an emerging/developing country’s gov’t, and, I guess, explains the delay (in addition to the contract expansion logistics, as JHam just posted re: what R. Mohr told him). Since Intermap received the LOA and the bidding process is closed, I assume there’s no worry about ESRI, Fugro, Pasco, etc., jumping in last minute mucking things up. It’s just the contracting gov’t signing off on everything. Yeah, Furbush, here’s hoping it’s next week. It seems there’s some recent chatter on the MBs also pointing to next week. Here are some VERY speculative recent *fwiw* posts from other MB posters who claim to have either spoken w/ mgmt. or heard ‘something,’ lol (I can’t vouch for all these posters, but from what I recall, they don’t have a history of making such claims -- ForrestGump/Dailin is another matter, but his posts when indicating he spoke w/mgmt. or I/R seems to turn out to be true. But again, take these with a *big grain of salt*): - “I called the company yesterday and they just have to cross some t's and dot some i's and it is a done deal. How huge? Probably a few mil bigger. There is a second in advanced stage. But big money is waiting for a contract to be officially signed.” (nanoll, IHub, 10/31)
- “We are closing either this week or next. I got a tip from someone.” (Insightprovider, Stockhouse, 11/2) (Hey, if he got a tip from ‘someone,’ it’s gotta be true, lol!)
- “$ITMSF scheduled CC for November 13. Hope to see 1 SDI contract finalized by CC. In speaking with IR at $ITMSF, once SDI contracts close back-to-back, ITMSF could see significant acquisition+buy-out interest. If acquired I see $4-5 PT (minimum). Watch out $ITMSF 2015-16 IMO.” (@ken_Kulig tweets, 11/2) (I combined his two tweets. Not sure if IR was the one hinting at possible contract closure by CC or if it was just Ken Kulig “hoping.”)
- 'Completion' -- Deal will be finalized Nov. 11 (robertlouismock, YMB, 11/4)
- “I wrote an email to Mr Mohr and got an email cc'd by Cory. It says they will update on the expanded contract in the cc in november. So I guess they do not expect it to close by then.” (ForesstGump, Stockhouse, 10/30) (So here an e-mail supposedly from IR’s Cory Pala seems to indicate that they’ll give a status update on the ongoing contract negotiations at the qtr. CC, so maybe they don’t expect closure by CC.)
- “Cory says they expect well before year end.” (ForesstGump, Stockhouse, 10/27)
- (And, of course, this most recent post yesterday by Furbush…) “I have spoken with and had multiple email communications with several large holders who have long histories with Rich, they both have told me that they are led to believe the deal closes/we hear an update prior to the CC. They also said they have been told there is virtually no chance of the deal falling apart (I've gotten that story myself).”
- (The least speculative, and the one I have most confidence in(!) is from this tweet...) “$IMP $ITMSF Still waiting for Intermap to announce closing of the SDI deal. My gut says it happens b4 CC on the 13th. Today or next week?” (@jhamreturns, tweet, 11/5)
Well, all kidding aside, even if some of these folks did actually speak with mgmt., the trading proverb from Bernard Baruch hits home, as we’ve learned all too well: "Never pay the slightest attention to what a company president ever says about his stock." Anyway, thanks to you all for sharing all your DD. If not for these admittedly very speculative recent posts, my gut feeling was that it would close towards the end of Nov./early Dec. Still hope to hear some good news next week. Worst case, we’ll get some good clarity on the status of the contract on Fri., 11/13, at the Qtr. CC. We’ll see.
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Post by furbush87 on Nov 8, 2015 1:49:33 GMT
Not going to quote your very thorough post, but I will say that my interpretation is different from those I have heard from that said they got the impression the deal would close before the CC. The quote they gave me was that "you will hear something before the CC", so I only expect an update, and something more substantial. I am sure they know that their credibility is being questioned, so more details are needed. I can wait a week, everyone knows I've waited 2 years on ONCS
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Post by mrpeanutbutter on Nov 9, 2015 14:53:25 GMT
Not going to quote your very thorough post, but I will say that my interpretation is different from those I have heard from that said they got the impression the deal would close before the CC. The quote they gave me was that "you will hear something before the CC", so I only expect an update, and something more substantial. I am sure they know that their credibility is being questioned, so more details are needed. I can wait a week, everyone knows I've waited 2 years on ONCS Great posts this weekend. An all-to-quiet Monday for my liking. Especially considering Wednesday is a holiday, the window for the update closes quickly. If we are only getting an update, then there needs to be some definitive dates and details found within. I think the market will demand it, and it will be a question of how much IMP is willing or able to give. The CC will be the hour of truth in the end, however, this formal update will clear the runway so to speak for a healthy dialogue during that call.
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Post by furbush87 on Nov 9, 2015 15:36:28 GMT
Not going to quote your very thorough post, but I will say that my interpretation is different from those I have heard from that said they got the impression the deal would close before the CC. The quote they gave me was that "you will hear something before the CC", so I only expect an update, and something more substantial. I am sure they know that their credibility is being questioned, so more details are needed. I can wait a week, everyone knows I've waited 2 years on ONCS Great posts this weekend. An all-to-quiet Monday for my liking. Especially considering Wednesday is a holiday, the window for the update closes quickly. If we are only getting an update, then there needs to be some definitive dates and details found within. I think the market will demand it, and it will be a question of how much IMP is willing or able to give. The CC will be the hour of truth in the end, however, this formal update will clear the runway so to speak for a healthy dialogue during that call. With the time difference I wouldn't expect to hear from them on a Monday anyway. If a contract is signed with an African Nation and the time needed to file with SEDAR and issue a PR, even if the deal closed today the PR wouldn't be issued till close of the day IMO. But I figure we will get a PR Friday morning to update, and then hear more on the CC (which unfortunately I won't be able to listen to).
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Post by mrpeanutbutter on Nov 9, 2015 15:46:48 GMT
Great posts this weekend. An all-to-quiet Monday for my liking. Especially considering Wednesday is a holiday, the window for the update closes quickly. If we are only getting an update, then there needs to be some definitive dates and details found within. I think the market will demand it, and it will be a question of how much IMP is willing or able to give. The CC will be the hour of truth in the end, however, this formal update will clear the runway so to speak for a healthy dialogue during that call. With the time difference I wouldn't expect to hear from them on a Monday anyway. If a contract is signed with an African Nation and the time needed to file with SEDAR and issue a PR, even if the deal closed today the PR wouldn't be issued till close of the day IMO. But I figure we will get a PR Friday morning to update, and then hear more on the CC (which unfortunately I won't be able to listen to). Well, it's been Monday for at least half a day over there already (depending on where) And furbush/JHam, just to ask, have you been told directly there would be an update before Thursday? Or are these rumors being driven from the same mill? (biposter nicely demonstrates there are different expectations here)
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Post by furbush87 on Nov 9, 2015 16:26:33 GMT
With the time difference I wouldn't expect to hear from them on a Monday anyway. If a contract is signed with an African Nation and the time needed to file with SEDAR and issue a PR, even if the deal closed today the PR wouldn't be issued till close of the day IMO. But I figure we will get a PR Friday morning to update, and then hear more on the CC (which unfortunately I won't be able to listen to). Well, it's been Monday for at least half a day over there already (depending on where) And furbush/JHam, just to ask, have you been told directly there would be an update before Thursday? Or are these rumors being driven from the same mill? (biposter nicely demonstrates there are different expectations here) CC is Friday. I was not told directly, 3 different guys I'm familiar with spoke directly with Rich (actually one only talked with IR) and were told that they would hear something before the CC. I have no reason to doubt them, but as with anything I'll believe it when I see it. Not much difference between a Friday morning PR, and waiting a bit longer for the CC. It makes sense to me that they would put out a statement with an explanation before the CC so that they make sure everyone gets the information at the same time. If nothing else it should be some greater specifics on the contract size and an updated expectation of completion. That is what I'm expecting. Some may be upset and see it as another delay, but not everything works like clockwork in life. We continue to wait.
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Post by mrpeanutbutter on Nov 9, 2015 20:14:25 GMT
Well, it's been Monday for at least half a day over there already (depending on where) And furbush/JHam, just to ask, have you been told directly there would be an update before Thursday? Or are these rumors being driven from the same mill? (biposter nicely demonstrates there are different expectations here) CC is Friday. I was not told directly, 3 different guys I'm familiar with spoke directly with Rich (actually one only talked with IR) and were told that they would hear something before the CC. I have no reason to doubt them, but as with anything I'll believe it when I see it. Not much difference between a Friday morning PR, and waiting a bit longer for the CC. It makes sense to me that they would put out a statement with an explanation before the CC so that they make sure everyone gets the information at the same time. If nothing else it should be some greater specifics on the contract size and an updated expectation of completion. That is what I'm expecting. Some may be upset and see it as another delay, but not everything works like clockwork in life. We continue to wait. Fair enough! And it's good enough for me at this point too.
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Post by furbush87 on Nov 9, 2015 21:10:03 GMT
a surprisingly strong close today. the complete opposite of what I expected
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Post by JHam on Nov 10, 2015 2:40:59 GMT
a surprisingly strong close today. the complete opposite of what I expected Nice volume.
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Post by mrpeanutbutter on Nov 10, 2015 4:51:59 GMT
a surprisingly strong close today. the complete opposite of what I expected Nice volume. Something we can read into. The alternates were active as well with over 100k across 3 of them, most since the Sept 30-Oct2 period!
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Post by JHam on Nov 10, 2015 17:45:02 GMT
And there it goes dumping again. Could be in for a wild week.
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Post by furbush87 on Nov 10, 2015 17:53:35 GMT
And there it goes dumping again. Could be in for a wild week. I really wish I could figure this one out. Seems like a horrible time to change your position. CC coming up on Friday, you have to know that there will be more information one way or the other. And this is a binary play, the deal closes the stock goes up, the deal gets delayed for a less than reasonable reason it could drop. I guess there will always be some who get nervous as time goes by. Edit* looks like someone is dumping around 300k shares. Either it is someone who does not know what they are doing, a deliberate move to drop PPS, or they just dont care.
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Post by JHam on Nov 10, 2015 18:34:52 GMT
And there it goes dumping again. Could be in for a wild week. I really wish I could figure this one out. Seems like a horrible time to change your position. CC coming up on Friday, you have to know that there will be more information one way or the other. And this is a binary play, the deal closes the stock goes up, the deal gets delayed for a less than reasonable reason it could drop. I guess there will always be some who get nervous as time goes by. Edit* looks like someone is dumping around 300k shares. Either it is someone who does not know what they are doing, a deliberate move to drop PPS, or they just dont care. Hmm...could be heading below $.30 before the end of the day. Management selling more?
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Post by mrpeanutbutter on Nov 10, 2015 18:49:15 GMT
I really wish I could figure this one out. Seems like a horrible time to change your position. CC coming up on Friday, you have to know that there will be more information one way or the other. And this is a binary play, the deal closes the stock goes up, the deal gets delayed for a less than reasonable reason it could drop. I guess there will always be some who get nervous as time goes by. Edit* looks like someone is dumping around 300k shares. Either it is someone who does not know what they are doing, a deliberate move to drop PPS, or they just dont care. Hmm...could be heading below $.30 before the end of the day. Management selling more? Is it the U.S. side leading this today? I am not subscribed to the pink sheets depth so can't tell which exchange or how many orders are dropping this. Is there one seller or multiple? I have to believe this gets bids back up at day's end.
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Post by furbush87 on Nov 10, 2015 20:05:44 GMT
Hmm...could be heading below $.30 before the end of the day. Management selling more? Is it the U.S. side leading this today? I am not subscribed to the pink sheets depth so can't tell which exchange or how many orders are dropping this. Is there one seller or multiple? I have to believe this gets bids back up at day's end. I don't remember the name of the institution, they filed a holdings report 10/6, but they have been selling of large chunks for the past year. Primarily responsible for the earlier trip to .06. My guess is they are unloading some in case the CC is bad. They seem to have written the investment off, that's what happens when you have institutions that are directly accountable to people that think in quarterly reports.
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Post by furbush87 on Nov 10, 2015 20:09:45 GMT
MrPB, what would be your thought on ITMSF being used for Data collection and solutions ) Ensure that data are maintained and stored in a manner that is fully confidential so that no external individual or institution can identify any specific individual in the data. Names and address information should only be made available to the GNHR Implementation Unit l) Any other activities as may be necessary for the success of the GNHR Software Solution This will include: a) Presenting and signing off of a complete technical solution conforming to the stated process in methodological framework and standard reporting for data and bio-metric submissions at the GNHR Head office. b) Delivery of a complete solution for field data and bio-metric collection & supervisions to syncing at GNHR Head office. c) Provide all hardware required to perform the tasks of data collection and processing. d) Guarantee data connectivity through SIM cards/VPN and temporary storage e) Development of a complete technical solution conforming to stated process in Methodological Framework and standard reporting for data and biometric submissions at GNHR Head office f) Technical support of data syncing at central servers and GNHR Head office under supervision of GNHR Implementation Unit technical staff. g) Timely and quality delivery of solution before deployment in the field. h) Training the field staff on data collection software solution. i) Technical support at Mobile Targeting Units during roll out for smooth and bug free running of the software. j) Technical support for change management and any additional data reporting for the duration of implementation. 6. The Ministry of Gender, Children and Social Protection, invites Expression of Interests from Data Collection & Software Solution Firm that have the expertise and experience to collect large scale of data an well as implementing the data collection software, bio-metric collection solution, data synchronization, data connectivity through SIM cards/ VPN and temporary storage for data collection. The assignment is expected to begin in November, 2015
Does that sound like something ITMSF would be able to do with the Orion platform?
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Post by mrpeanutbutter on Nov 10, 2015 20:33:41 GMT
Is it the U.S. side leading this today? I am not subscribed to the pink sheets depth so can't tell which exchange or how many orders are dropping this. Is there one seller or multiple? I have to believe this gets bids back up at day's end. I don't remember the name of the institution, they filed a holdings report 10/6, but they have been selling of large chunks for the past year. Primarily responsible for the earlier trip to .06. My guess is they are unloading some in case the CC is bad. They seem to have written the investment off, that's what happens when you have institutions that are directly accountable to people that think in quarterly reports. I've looked heavily into the institutional/fund ownership over the years, and Invesco does hold major accounts in multiple different funds. Most of the position was taken a decade ago, and the company still sits in their 'conservative' portfolios. However, they use Scotia for the prime broker and today's trading activity on the Canadian side is all over the place in terms of house activity (around 7 houses, all small lots). Although Invesco have been selling off a portion of their position (5% probably by now), it's my belief that is indiscriminate, due to Intermap being a high risk asset. However, although I too am confused by the tape today, I don't think it is Invesco for those reasons. But I was curious as to why you believe someone was trying to sell a 300k position? Did something flash across lv 2 that I missed? Either the U.S. side is leading this thing or we have some collaboration to drop the price by multiple houses and we can't see why from the retail perspective. I definitely don't have an answer for this yet but I am looking.
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Post by mrpeanutbutter on Nov 10, 2015 20:48:46 GMT
MrPB, what would be your thought on ITMSF being used for Data collection and solutions ) Ensure that data are maintained and stored in a manner that is fully confidential so that no external individual or institution can identify any specific individual in the data. Names and address information should only be made available to the GNHR Implementation Unit l) Any other activities as may be necessary for the success of the GNHR Software Solution This will include: a) Presenting and signing off of a complete technical solution conforming to the stated process in methodological framework and standard reporting for data and bio-metric submissions at the GNHR Head office. b) Delivery of a complete solution for field data and bio-metric collection & supervisions to syncing at GNHR Head office. c) Provide all hardware required to perform the tasks of data collection and processing. d) Guarantee data connectivity through SIM cards/VPN and temporary storage e) Development of a complete technical solution conforming to stated process in Methodological Framework and standard reporting for data and biometric submissions at GNHR Head office f) Technical support of data syncing at central servers and GNHR Head office under supervision of GNHR Implementation Unit technical staff. g) Timely and quality delivery of solution before deployment in the field. h) Training the field staff on data collection software solution. i) Technical support at Mobile Targeting Units during roll out for smooth and bug free running of the software. j) Technical support for change management and any additional data reporting for the duration of implementation. 6. The Ministry of Gender, Children and Social Protection, invites Expression of Interests from Data Collection & Software Solution Firm that have the expertise and experience to collect large scale of data an well as implementing the data collection software, bio-metric collection solution, data synchronization, data connectivity through SIM cards/ VPN and temporary storage for data collection. The assignment is expected to begin in November, 2015 Does that sound like something ITMSF would be able to do with the Orion platform? Nice find. I found this posting online and read it as well. I am no expert in the technical aspects, however, oddly enough, from the way orion has been marketed, it can handle any data set possible, and can fuse multiple data sets together. Now, I wouldn't expect Intermap to be conducting door to door biometric and surveys etc, but, everything else from the database management front they can likely handle. At the end of the day, it does to me seem to be a stretch, but maybe not as far off as I might have believed when I first began reading the posting. The dollar amounts and timing/dates mentioned were also similar to what we would expect.
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