Gatekeeper Systems Inc V.GSI

Septa meeting

[MolyMadeMeRich]

So is it possible if on the agenda that the approx 30 million septa contract could be posted today? Sounds possible and quite feasible. I don't really understand exactly how that all works, but time is costing lives and these protocols and safety enhancements for transit should proceed ASAP. It seems inevitable that GSI picks up more and more large contracts and garners even more attention. Looking forward to another even more substantial run, $ 2 could be on the horizon in short order with even more upside from there. Just the beginning folks.. Imho

[TopStockBuy]

I'm confident the Septa contract will be awarded but possibly delayed due to Covid.  You can view the Septa 2021 Budget here:   https://septa.org/strategic-plan/pdf/FISCAL-YEAR-2021-Operating-Budget-rev-20-08-07.pdf On Page 216, you can see they have $21.5 Million Dollars USD budgeted for Video Surveillance for each year from 2021 - 2026.  Those contracts are worth a

[Tropicalsun]

Good post Topstock, I would have to agree. GLTA

[Ciao]

Incorrect interpretation of that table. Those are estimated yearly cost savings from the lawsuits due to fraud that they no longer have to pay out now that they have video surveillance evidence.

[TopStockBuy]

My bad...I didn't read that closely, but they do have millions budgeted for safety and security, and technology improvements if that is what camera surveillance falls under.  If I'm reading that correctly on page 214.  The $20 million in annual savings is impressive.  The long range 12 year forcast, they have a lot of money budgeted.  

[NAGGY23]

They are not going to post it on the board meeting minutes im pretty sure. They will most likely notify GSI as selected candidate, and then send in for final approval. Notify GSI again as contract finalized and im sure We will see an email 1st through Gsi website and then might be added to septa board ? Or Septa will release statement after contract proposal finalization. Probably won't know