Sep. 6 at 5:35 AM
$ITMSF $IMP update after mgmt call:
• 🇮🇩 Indo Phase 2 tender is out (nat’l scope, award targeted H2). Indonesia President wants to accelerate the plan of the entire country, not just Island by Island. ITMSF bidding and in pole position.
• 🇺🇸 USGS/NOAA shaping, awards likely this year (rev mainly ’26).
• 📈 Uplisting still aimed for 2025 ; 20-F soon, PCAOB audit is underway.
• 🧾 Auditor switch = PCAOB req, not books issue. KPMG wanted a 400% fee hike, so ITMSF Switched. KPMG still employed for ancillary work, but no longer "reporting" firm
• 🗄 Shelf = strictly to meet requirement for access to US research/marketing firms, not a dilution signal.
• 🛠 Focus: Continuously improving ITAR-grade sensors, platforms, software.
• ⛏ Mining: pilots possible (
$AG,
$MSMGF) but scoped & ROI-driven. May explore deeper evaluation for the vertical.
Big picture: execute now = uplist + liquidity + coverage.
My take: milestones are all lined up for H2 (Indonesia, US awards, 20-F).