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Cardica Inc. Message Board

  • lawsm39 lawsm39 Aug 6, 2013 9:42 AM Flag

    with a physician as ceo, crdc will never make a profit

     

    and stock will remain worthless

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    • How many physicians and surgeons and nurses DO YOU KNOW WHO ARE HOMELESS, BANKRUPT, ALA DETROIT, LIVING WITH A DEFICIT ALA OBALA'S AMERICA OR WHO HAVE HAD THEIR HOMES AND VEHICLES REPOSSESED?

      Sentiment: Hold

      • 2 Replies to no.poverty
      • No Pov I don’t think anyone here is stating that surgeons are financial delinquents. People have unique skillsets, mindsets, and objectives. The surgeon has one and the CEO has another. I think what is being said is that it is rare to find one who exhibits both strengths and thinking styles. Surgeon's want to save the world....CEO's want to control and own it. Furthermore people don’t always treat other people's money like they treat their own. Plans fail for lack of counsel

    • Laws I have to agree. I am a long 4 years in the stock and I have gotten frustrated with the constant delays, lack of disclosure. Heck the original design was touted as having cautery capability built into the stapler...where di dthat go? I respect Hausen as a great innovative MD with great intentions however he is an academic. Academics tend to move slow and are more interested in where the next round of funding is coming from to keep their research projects alive. When you take investory money the mindset has to be completely different and I have to believe the large insiders in this co are getting frustrated as well. I have to say in any other company with the blatent inability to execute to a plan that has been shown by CRDC heads would roll....I have seen it...
      This is a business and theat means you have a plan to get to cash flow positive in a set amount of time and you plan ahead for all the risks and obstacles and you execute. There is no endless stream of cpaital to get you there...if you fail your work goes to someone else for pennies on the dollar. Now the Xchange 45 will be delayed another 6 to 9 months and the Express another 2 years and they have a 160 man clinical trial with design changes mid way through.....with first half data that is sub par. The big insiders must be ripped.

 
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