When MELA reports in Aug. The current management team will writeoff/down everything the can. expect the quarter to be a complete and total negative statement from a financial side, worse than expected, with the as always spin of we will be " the standard of care" line. IMO The only thing that will now save this company is a partnership/sale and ins. reimbursement. A deep pocketed white knight ie Dr. Frost and his team over at OPKO would sure be welcomed about now.
I believe that one day the device or one like it will replace the cut, scar and biopsiy method, as xrays, sonograms, etc. have replaced most exploratory surgeries. With that said business is business, the fat lady has entered the building and is warming up. Asking investors for another year or two and the further dilution that will result is asking alot if things do not change demonstrativly by the end of the 3rd quarter. Do we get a new act or final curtain.......................
"When MELA reports in Aug. The current management team will writeoff/down everything the can. expect the quarter to be a complete and total negative statement from a financial side, worse than expected, "
Expecting revs to be lower than Q1 but at least MELA appears to have someone who is now willing to adjust his game plan.
I, like a lot of others, can give most/all of the reasons why this company can/should succeed. Business is in some ways like the bird world, a mother bird at some point takes her baby and throws it out of the nest. The small bird flies or crashes and dies. As an averaged down long who has violated most of his investing principles with this speculative stock I try to remain logical. I have gotten to about $1.40 ps to break out whole. That creates a large dead money position or loss for almost two and a half years, I will take action by years end as a loss against gains or hopefully a profit, either way this is a situation I will not repeat again. When a company gets FDA approval and can not get financial traction ................................................................ Once again I like the technology, first to market , etc. but I'm an investor not an employee.
" if things do not change demonstrativly by the end of the 3rd quarter. Do we get a new act or final curtain......"
Agreed, and I believe after reading the transcript that Mr C also realizes this. He stated that he expects to see some concrete results beginning in the second half and into next year. Recent insider buying since Coradini taking charge would indicate a new act to follow.
Capt today: Expecting revs to be lower than Q1 but at least MELA appears to have someone who is now willing to adjust his game plan.
Capt then: b767cpt1 • Jun 12, 2012 1:19 PM
One thing though, they don't seem to able to knock it down below $2. I also don't believe that Gulfo will float at this level. As Exgas posted, the major share holders would skewer him. The game plan is still good, I still believe that he has an ACE trump up his sleeve ...