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MRI Interventions, Inc. Message Board

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  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    how do you guys feel about q1 numbers? I think it was unrealistic to expect a dramatic takeaway. My hope is by Q3 we're seeing 1.5mm disposable and 2m revenue. please let me know your thoughts.

    Sentiment: Buy

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    listen to the call tomorrow. I expect to see they turned the corner

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    That would make it a almost a $300MM market cap, assuming there are no further capital raises, no?

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    If you're saying 2 years I would think $2

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    Bruce, what is your price target over the next 2 years?

    Sentiment: Strong Buy

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    they took stock, not cash

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    These are not buys by these "Board Members" . It's there compensation for being on the Board.

    Sentiment: Strong Buy

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    unfortunately these are no open market buys. Even it they were, nothing to talk about: way below 10'000 USD each buy...
    DJ

  • Reply to

    Lot of insider buys

    by dk1949 Apr 1, 2016 4:34 PM

    As per the filing...............
    These shares were issued pursuant to the issuer's Amended and Restated 2013 Incentive Compensation Plan, in payment of fees owed to the reporting person under such
    plan. The shares were issued at a price of $0.31 per share, representing the volume-weighted average price of the issuer's common stock for the five-trading day period
    ended March 31, 2016.

  • Reply to

    Brainlab Software Agreement

    by mdonais Mar 27, 2016 1:51 PM

    Not exactly a sales force outsourcing but more an addition (big addition) to the potential for product sales in the next couple years. MRIC will continue doing what they do AND have Brainlab selling the Smartframe abilities with their hardawre. A Win/Win. Also the debt restructuring was done in a way that the more the SP goes up the more Brainlab will make of the warrents over the next several years. I have renewed confidence and buying more tomorrow!! Bargain price. .30$ thank you!!

    Sentiment: Strong Buy

  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    Not sure which numbers you disagree with......My point is not to be too negative because that's counterintuitive to being long this company. I have been involved with the company since they were private and the story has always been good. But I was trying to point out the damaging effects of the dilution the company has done. You can have a great technology but a bad stock performance. I've seen this many times with companies like this....the share issuance/warrants gets out of control and every round of financing is a down round. Each of their last 10 warrant issuances have been down rounds 1.75,1.00, .97,.94, .86, .75, .60, .53, .41, .32....and still we're trading under $.30. With doing so, your shareholder base becomes extremely frustrated and in order to raise more capital it's very tough for the company to go back to those same investors. The company then needs to engage a new banker and in turn find a new shareholder base. It's a viscous cycle that I hope we can get out of.

  • Reply to

    Brainlab Software Agreement

    by mdonais Mar 27, 2016 1:51 PM

    Excited by their progress, outsourcing sales team to someone integrated into hospital networks was a positive move.

  • In reading the Intellectual Property Agreement in the 8K SEC filing my speculation of the importance of this portion of the restructuring was confirmed.

    directly from Agreement:
    WHEREAS, both parties acknowledge that said license is only to theLicensed Patents and Intellectual Property related to the ClearPoint Software, to make, have made, use, offer to sell, sell, have sold, import and export Brainlab software, either alone or in combination with the SmartFrame Products, that supports and works with the SmartFrame Products, and does not grant any rights to the SmartFrame Products themselves, other than rights to utilize the dimensions and technical specifications of the SmartFrame Products as needed to make the software functional and the right to utilize the Intellectual Property to market the Brainlab software, ***either alone or in combination with the SmartFrame Products;***
    WHEREAS, both parties acknowledge no license is granted to make, market or sell any SmartFrame Products other than the
    marketing of the SmartFrame Products incidental to or in combination with the Brainlab software

    We suddenly have a huge sales force and navigating company that will be demonstrating the
    Smartframe technology to increase their sales. ***my emphasis***

    Sentiment: Strong Buy

  • Reply to

    Lots of neg Posts

    by mdonais Mar 25, 2016 7:52 PM

     I have been following this stock for a long time also. Heavy investment. I work as an Assistant in surgery and confirm that the technology is amazing. The Neuro guys I work with are very slow to change (as most are). They can take up to 10 years of residency to learn and be comfortable with the techniques they are currently using. It will take time. The change will be slow, but as Frank eluded to , some of the new accounts are coming from Dr's leaving their fellowships and getting set up in their own practices.
    I was a bit surprised when listening to the CC that no one asked the question around how BrainLab will be developing software for the smartframe and how MRIC will be benefiting from that. Having worked with BrainLab equipment for Stealth biopsy and Tumor surgery it is my speculation that this is an incredibly POSITIVE development. Several thoughts.

    1-BrainLab has the confidence that what MRIC has developed is a very powerful tool and they want to be able to load it up on their computers. Clearly they see this as an asset to sell their units.
    2- Their computer units are currently in place in a vast number of hospitals across the country. Hence a clearer path of approval for MRIC into a greater number of hospitals. Less investment from the hospital, and pathways already created by BrainLab. MRIC is in the business to sell disposables. I think it is genius of Frank to get debt relief AND create a massive avenue for more site locations resulting in significant increase in disposable sales while having BrianLab create the hardware side.
    Lastly I want to comment on the Nasdaq post. I definitely hope there is no reverse split to get to the Nasdaq. Most that do, Fail. I think they will do so when the SP reaches $2 or so, and are confident the revenues are continuing to grow. If I am correct it costs a company approximately 1/2 a million a year to be listed on the Nasdaq. Don't see Frank listing it anytime soon after the resent expense reduc

  • Reply to

    Lots of neg Posts

    by mdonais Mar 25, 2016 7:52 PM

    I agree mdonais. I think the absence of movement has been perceived as lack of movement forward with the company which is the opposite of true. IMO this was the calm before the storm. The company has hunkered down, streamlined operations and refocused on what drives all companies- SALES. Frank knows exactly what he is doing and I fully expect that the upcoming year is going to be a fun one for MRIC and those of us watching! A good friend of mine always says "invest in the science" and that is exactly why I'm here...

  • Reading a lot of frustration and speculation about the demise of MRIC. Understandable when you see the SP not move or go down. I cannot explain nor make sense of the SP. I thought it would certainly move positive with the last CC. I have written a reply to one of Grady's posts that I want to share with all. I think there is an incredible amount of patience that we longs need to practice and to try to stay positive with what the management is accomplishing. There has been a lot of movement in the last year. Unfortunately the SP has not been following with the positive developments. Below are just a couple of insights I want to share to hopefully get us thinking in a more supportive way. I think good things are to come. Hang on!

  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    Grady, I have been following this stock for a long time also. Heavy investment. I work as an Assistant in surgery and confirm that the technology is amazing. The Neuro guys I work with are very slow to change (as most are). They can take up to 10 years of residency to learn and be comfortable with the techniques they are currently using. It will take time. The change will be slow, but as Frank eluded to , some of the new accounts are coming from Dr's leaving their fellowships and getting set up in their own practices.
    I was a bit surprised when listening to the CC that no one asked the question around how BrainLab will be developing software for the smartframe and how MRIC will be benefiting from that. Having worked with BrainLab equipment for Stealth biopsy and Tumor surgery it is my speculation that this is an incredibly POSITIVE development. Several thoughts.

    1-BrainLab has the confidence that what MRIC has developed is a very powerful tool and they want to be able to load it up on their computers. Clearly they see this as an asset to sell their units.
    2- Their computer units are currently in place in a vast number of hospitals across the country. Hence a clearer path of approval for MRIC into a greater number of hospitals. Less investment from the hospital, and pathways already created by BrainLab. MRIC is in the business to sell disposables. I think it is genius of Frank to get debt relief AND create a massive avenue for more site locations resulting in significant increase in disposable sales while having BrianLab create the hardware side.
    Lastly I want to comment on the Nasdaq post. I definitely hope there is no reverse split to get to the Nasdaq. Most that do, Fail. I think they will do so when the SP reaches $2 or so, and are confident the revenues are continuing to grow. If I am correct it costs a company approximately 1/2 a million a year to be listed on the Nasdaq. Don't see Frank listing it anytime soon after the resent expense reduc

    Sentiment: Strong Buy

  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    don't agree with your numbers
    agree that we should do a reverse split and up list in the future. Think we will once we are operating in the black, which will be sooner than you think

  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    I wish I could more positive, I really do. But I'm just trying to be realistic. Like I said, the technology is amazing. But the damage that has been done to the stock via the dilution and warrants is beyond repair right now, in my opinion. Just for arguments sake, let say the stock somehow got back to where it was when Grillo took over (or was issued 2.4MM warrants) $1.13.... How many shares would be outstanding, fully diluted? Maybe 150MM or so (give or take without looking at all the warrant strike prices). That would put a market cap of this company somewhere around $165MM to $170MM (BTW, when he took over, there were 56MM shares out so the market cap was only $63MM). That's way too high for a company that is doing $5MM a year in revs. Grillo stated 2 conf. calls ago that he believes they need to be doing somewhere where north of $20MM in revs to be breakeven. How long is it going to take for them to get to $20MM when they are at $5MM growing 30% YoY? There are a lot of capital raises between now and then.

    The only way I see them getting out of this is one of two ways. They need capital, so they are going to have to partner up with someone who has capital and a larger sales force. That would be the preferable way. The other way would be through a reverse split, larger capital raise and uplisting to the Nasdaq. This route would essentially wipe us as shareholders out (or dilute us to high heaven), but the company would live to fight another day and be well capitalized. With new management not having that much equity in the company yet, unfortunately, I see that as the more likely route.

    Again, I would love for this to not be the case, but I'm just trying to call it how I see it.

  • Reply to

    Conference Call

    by grady124 Mar 24, 2016 1:24 PM

    agree with your comments, but it would help stock to post some better sentiment comments. I am hopeful we're about to turn

    Sentiment: Buy

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