Didn't you use to be a Strong Sell? Things must be looking up. You know under Hausen the darn thing was starting to sell before the problems emerged. If Gen 4 is a robust product, I think it can sell. Whether ISRG picks up the option on the technology, I don't know, but they've taken a lot of time to consider it. The shelf I think at least is a sign of optimism.
Your free advice is not worth diddly. The #$%$ in my cat litter is more valuable. CRDC sucks as a enterprise. Lot of false hope and hype via the Good Dr Hausen who left in disgrace after not being able to execute or perform as an executive. However lots of the investors money went into his hands while some still trusted his vision. This company has to show it can get results with the products they are fielding and sell them at a profitable clip. All the failed products are piled in an expensive heap from the Hausen era - they were obviously flawed junk. However, Hausen left with a lot of money for being the one driving the car into the ditch so to speak. Hausen left shortly after Broadfin made its foray into the boardroom-they must have uncovered such gross negligence that Hausen was finally outed - what is not so obvious is the degree of Hausens deceptions and incompetence. And why he left with a big payoff.??? Was he the inventor? or just the visionary of the technology? Whatever, it has been hyped for 18 years and has not gained much traction.
Dump it and you wont have to worry anymore. Done, this dog is on a trajectory to nowhere except to burn all the money ever put into the endeavor. 400 Million and counting. Now with the 100 million share on the shelf there is a implied damper on the upside with the company management goons being the only beneficiaries of these stock sales if they are sold open market.
Cdrc ALWAYS is in need of money for "corporate activities" especially so they can burn 5 million per quarter while earning almost and relatively nothing for the last 18 years. Hausen's legacy. And continued modus operandi ...that is- hype and failure to execute while essentially a welfare case company. Just my opinion from 10 years of watching and waiting. These folks are just inside manipulators and self dealing managers getting ready for retirement with your money. Sell the company and the patents throw these bums out and nail down the lid. That's my optimistic post for May. Of course my viewpoint is usually wrong colored by a cynical attitude regarding corporate america. It is a management boys club with your money and along with wall street it is just a created illusion of value or no value. Except for the lifestyles of the execs involved the stupid retail sock investor hopefuls-like me- always are the last consideration. "We want to create value for our stockholders" Really? I'd say the risk reward ratio for CRDC is about 20/1. Even if they finally get a product that works well enough to be sold in enough volume they have so much negative ground to make up that the stock price will reflect the negative earnings and unless it is sold to a competent medical products company they will simply limp along, but the guys running it will just milk whatever money is available, for salaries and perks and trips to Mexico for XMas with stockholders being the Santa Clauses'. Kiss your IRA and retirement funds goodbye with this company.. Very high risk little reward . Penny stock dogs toy
Sentiment: Strong Sell
Keep on dreaming stuckers, cinco de Mayo should be stinko de mayo as usual for Cardicas "results. All hope and hype mostly minisule sales and use of the product.
Which incidentally are still in development.
Buggy? Who knows there is never any outside accolades from major potential users that would cause them to switch instruments, One thing for certain is they know how to burn up money trying. as in try and get it to work while paying the execs handsome salaries with stock to boot. Money? well if they can actually use it effectively and produce results well here is another sucker pile of money to utilize or most likely waste with no bottom line equity value. What is it no that they have burned to get to this dubious position $400 Mil 500 Mil? Question is is who is going to buy 100 million in stock? well back to .20 cents a share folks. Or are they getting ready for a big announcement and want to reward their long term holders with a flood of new stock to dilute them even more. With that much stock on the "shelf" Cardica can sell into the market as it sees fit and thus peg the stock price fairly low in the process. Do you think there is demand for more stock? in the markets. if so there would be an uptrend in the price instead of the perpetual 15 to 20 % up down with the stock pegged at 3-4 $. Ya want some Cardica folks? Well there is a 100 million dead drop from the company now hanging over the stock , their creative funding at stockholders expense plan... Well they need to pay for "corporate activities" like parties in Mexico, perks and candy and cake while having diddley fun burning 5 million ?Q .5 in revenue? from what? ISRG divided by 4. 5 May. Maybe the Mexicans will buy the company? Now they know how to manufacture and distribute pharmaceuticals? or is that happy head drugs for yahoos. My god what if Trump builds a bigger wall and makes it hard to get the stuff in? What are all the lame druggies to do? Hope some big suckers buy!
Sentiment: Strong Sell
Yes it's possible but new management is very cautious about not setting unrealistic expectations given the company's history of disappointments. This is a good thing.
Per the call today, ISRG has 60 days from the end of June to make a decision so we probably won't know anything until after the next quarterly call in late August.
This could easily go to $10 or higher if they land the ISRG deal. $10 is only an $89 million market cap. Decision in less than eight weeks!
If they can use that money to get even 5% of their $2+ billion target markets that dilution will be well worth it.
They filed a $100M shelf offering allowing them to easily raise any amount of money regardless of the share price or shares sold for the next 2 years. Sales forces and manufacturing capacity are expensive. Major dilution coming and coming again.
Hi GSA - do you suspect/know something here? (Cough cough, "Intuitive?", cough cough)
Or are you just trolling that guy? Seems unlike you... but you got my attention. LOL!
I'd gleefully take a buyout @ $12.00 at this point (my basis is about 10.57 reverse-split adjusted). I'm sick to death of following this dog at this point (bad news, no revenue, assorted kinds of B.S. board room/CEO/proxy drama, etc.)
Anyway, good luck to all of us with the buyout tomorrow! :-)
Look on the bright side, when they announce a buyout tomorrow for $12@ you will be able to "Go Large" at McDonalds this coming week...(:-)
Someone just manipulated the hell out of this thing! Unfreakin believable. Does anyone get sent to jail anymore? Does SEC even give a shxt about this nonsense?? Had to be the MM's. #$%$