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2. Ionatron is a developer and manufacturer of Directed Energy Weapon
technology products and other products based on its Laser Induced Plasma Channel
(LIPC) for the agencies of the U.S. Government focused on national security.
3. On June 27, 2005, the Company heralded its development of a field
deployable vehicle incorporating its counter-Improved Explosive Device (IED)
technology, also known as the Joint IED Neutralizer or "JIN", which it planned to sell to
the U.S. Government. However, in spite of its claimed development of field-deployable
technology, the Company concealed the fact its much-heralded vehicle was at best an
improvisation , incapable of meeting U.S. Government specifications for successful
4. On March 24, 2006, while the Company continued to actively conceal
setbacks in its purportedly promising efforts to successfully complete field demonstration
of its deployment-ready vehicle, Robert Howard resigned his post as Chairman of
lonatron. Moreover, during the Class Period, Company insiders, including Howard and
Dearmin, sold over 1.5 million shares of lonatron stock for proceeds of $18.4 million.
5. The truth was revealed on May 10, 2006, when the Company finally
revealed to investors the shocking fact that the deployment-ready .TIN vehicle actually
lacked ruggedness in the field, rendering it unacceptable to the Government. lonatron is
now faced with the need to revisit the initial stages of its development efforts, including
the development of new vehicle platforms.
“It is notoriously difficult to control. Making it go straight and far requires breaking down the air, like drilling a path through wood for a nail. Creating this path for any more than a few feet presents a formidable challenge.”
Originally posted by alfa1
Originally posted by Pirateofpsychonautics
Man, you need a job or a hobby or a friend or something....
I got a hobby.
Right now I'm doing the arduous task of wiring up my analog synthesiser.
Fifty billion interconnected wires, taking uncountably large numbers of hours to do. At some point I'll get there, but I need a break from the soldering iron every once in a while.