With all the gloom and doom on this board I have decided to look the other way. Martin had his dream so lets try this one. In the next 9-12 months management catches a break [ they wake up with some financial savvy], the salesforce produces numbers [ 400-550 units sold], the usage does 75% of what they project, this non existant ad/marketing group does something/anything, Mela announces that they have started the ins. reimbursement process and most importantly they bring in a Finance guy. All doable objectives for a well run group [ i know, i know but its a dream remember]. What do you think the PPS would be?
I believe that the Grad. students at Penn, Harvard, Yale, et al could achieve that objective given one year.
IMO if interest rates remain close to where they are at present they could raise funds via the credit market avoiding dilution til a favorable time. To bad the people at Cowens have control of management for I believe they will bleed this puppy dry if management doesn't wake up and move soon. My opinion is this company is dead money pps wise for the next year or so or until the above objectives are implemented, promoted and imbraced by this mickey mouse [ financially speaking] management team that is presently in place and the investment community starts to see some results.
Time to go enjoy the weekend Monday and reality will be here soon enough.....Health & Happiness
When I was young we had this really cool cabin in the high desert. One afternoon, there was this fast moving thunderstorm that cleared out by late afternoon and a huge, full, bright rainbow appeared very close to our cabin.
Fncy Sr. told me about the leprechaun's pot of gold was sitting there, waiting for me at the end of the rainbow. I remember that crazy rainbow being "right there". So close I could walk over to where it ended. I kept walking closer and closer and as I did, the rainbow simply kept moving away from me. At the time, I was so frustrated and confused about why I simply could not get close enough to grab that pot of gold I just knew was mine for the taking..
I tend to believe that the longs are facing somewhat of a similar feeling about mela right about now.
Oh... BTW. While I was "this close" to grabbing that pot of gold, the rainbow suddenly evaporated into thin air.