Shortplayboy, you seem as if you care about us longs but I have a sneaky suspicion you have alterior motives. I hope you aren't trying to manipulate those that are reading this board into thinking something that isn't true.
CTE has some wonderful technology and are in the process of developing products very much needed by the public. This is a stock for long term investment, however most investors today want instant returns. We need to hang on and talk up the positive work the company is doing.
mean lower stock prices near term. Once the street feels that CTE is very close to putting it all together, the stock will rise. If this is years away, the price is not going anywhere. Most here hope it to be sooner than later. When others feel like us, the stock will go higher. Until then, we just have to wait while watching what we hope to remain a steady trading range. I still belive that without higher growth in sales and profits short term. the street will not believe that they have what it takes to stay afloat. Even if there is great value in their technology, lack of funds will create a fire sale.
Shortplayboy,wanting to buy a stock low is understandable.However,I think ,in this case,your efforts to talk the stock down are,not merely misplaced,but potentially harmful to the company as well as to yourself and other investors [unless you are short the stock].Cardiotech is a company with tremendous[although as yet unrealised]potential which needs large amounts of investment capital to carry out its programs,e.g.[a]expansion of vascular graft capacity,[b]peripheral graft clinical trials,[c]beginning studies on the CABG,etc.They are simply not going to raise the necessary funds with the stock stuck in a 1-2 rut.We should all be hoping for a much higher,not lower price because the sooner CTE can raise money to execute its programs the more successful it will be as a company and as an investment.
'yet unrealised' potential is a foolish gamble. Where is the pressure to produce, if you reap the reward prior to earning it. I've did my DD on this company and by no way am I damaged by the low price of the stock. I'm an investor of CTE and not a seller of the stock. Let them use higher sales and profits to pay the way for the trails and not put that bill on the backs of the retail investors. Many investors have been wiped out by footing the bill for a company that could not cut it. I do not want to temp any insider in selling out and reaping any reward without the results of added value to the retail shareholders. This is a dog eat dog world and I want CTE to bite and not just bark. Do not make CTE an emotional play. It will take you to the cleaners.
Whether the stock is at $1 or $1.75, this is clearly the time to be accumulating (assuming you think this company will fulfill its potential). If this company blossoms, I won't care whether I bought at $1, or even $2, because it will be higher than that. It would be a shame if it actually goes up to say $3 while you are waiting for it to fall to $1. As for the role of the institutions, volume is so light right now that if a large investor so desired to manipulate the price they could easily do so with a large transaction, and THAT will have a far bigger effect than Shortplayboy's talk on a message board.