I seriously doubt that they will be releasing much info prior to the first of the year if you are holding out for that.
Personally, waiting now for 10K around second week of March. From the CC, that's when Mr C indicated more info on company's direction besides the occasional press releases.
When a company spends investors' money such as this one without any regard for the way the money is spent, the officers and directors should be investigated by the SEC. REVENUES ONLY SHOULD JUSTIFY EXPENSES FOR PRODUCTS NOT IN THE DEVELOPMENTAL STAGE. THERE HAS GOT TO BE A WAY TO PREVENT WASTEFUL SPENDING AND PROTECT SMALL INVESTORS.
going much lower, offering coming, much lower. 50s easy in 3 months. I'm guessing management is talking to someone to do the next offering soon if they haven't already.
So what would you offer shares at 60 cents ? 55 cents? Whatever the price is there will be downward momentum after the offering.
Shares need to pick up steam and they can do this by increasing the year over year revenues to attract growth investors and cut down on the expenses which both Gulfo and Coradini had trouble with.
getting the balance sheet under control should be priority number 1, not talking about revamp projects or making the expenses grow.
" to attract growth investors "
Right now they are attracting UPS men, retired Sephardic TV Guide editors, househusbands, and people whose best friends are cursed with some sort of voodoo curse that keeps making them come down with melanoma.
"Shares need to pick up steam and they can do this by increasing the year over year revenues to attract growth investors"
Yeah, they need to increase revenues. But I think them doing so is about as likely as Barron getting into a medical library.
"going much lower, offering coming,"
But who would take the offering? I would guess they are offering...begging... already.
" much lower. 50s easy in 3 months"
You keep missing it--they are not likely at all to be above 50. Indeed, they might be gone. This is not simply a company with bad problems. This is a company at risk of IMINENT death.
Sorry Straw, it is reality, reality, reality !!!!
I just got back from spending several days in Sicily checking on the infrastructural improvements of my vineyard and see that this toy has done virtually nothing during my absence save; go down in price.
While the product may actually (somewhat) work, the unfortunate reality has always been that the business plan was fatally flawed. There were far too many obstacles (which I foresaw years) ago that would prevent this device from being widely accepted by the medical community. There is no longer any reason for me to list them all for you as the horse is already out of the barn and long gone. One would have to be #$%$ not to see them now especially with the CEO making comments such as he wanted investors to "try to figure out" where the new placements are. Honestly..... can you imagine any legitimate reason why the head of any company would try to play games with its shareholders like that unless the company was in incredibly dangerous territory?
Anybody who would continue to pump (let alone invest) in something like this would have to be beyond stupid.