The efficacy data is the same, the new info is the cost savings 'potential' for the hospitals based on reduced intubalations of the babies. For what it's worth--still think management is horrible, but I actually bought more stock last week. Surely! Surely! This in-place sales team has been out selling some of the equipment they have approval from the FDA. Cross your fingers we get announcement in short order from this info released today. Also, not defending management because a delay of more than a year from approval is hard to believe, it does take more time to get hospitals to approve the use of capital expenditures for new drugs vs. pill forms of drugs. It's not like getting a single practice doctor switching to a new drug............hospitals go through a review committee process before deciding to change from the long term drug/equipment they have used. Still, a year is a year--get off the pot!
cary, we shareholders have failed to incentivize them to get off the pot and do anything productive. They get paid no matter what, if there were consequences for failure to perform maybe they'd find the motivation to actually do some work. I was lucky to have bought and sold this co. at the right time and made a handsome profit, I learned enough from the involvement to know that this is a fast trade only. I thought Dutch was just a bitter burned long. I admit he had them pegged, these guys are content to lose.
Wait for dilution, it's certainly coming, either before actual sales or immediately thereafter. Either way wait for the PPS to match the secondary offer, usually it goes lower, before buying. If its n ATM wait for F-4 to show they have sold almost all the stock available, they are usually very aggressive about getting it out there quickly. I am amazed how long and how much committed longs are willing to lose without adjusting to reality, they have so much time and effort invested in their perception of what should be they lose sight of what really is. If you are comfortable losing money then by all means hold your losers to the bitter end but it’s a waste of precious resources that could be reallocated to better uses than fat salaries, pensions and free options for those who don’t earn them. I would go so far as saying its morally wrong to hang on and continue to deprive society of better use of scarce resources. When they do dilute watch for the over allocation to the investment bank, they will immediately short an equal number (if not before the offer actually happen) to lock in their profit at shareholder expense. Wall Street has always been a high crime neighborhood and the contraband of choice is inside information collected by the investment bankers. Understand how the game is played or enjoy spending you money on yourself because if you don’t these guys will. Take a look at GERN, I think they are about to go out of business and they have been doing secondary offerings for 20 years, never even got a drug into PIII. Who knows maybe even they will find a way to a recruit a new crop of suckers.
Yes it is, I agree these guys are slow......... but maybe we are at apoint where they cant screw it up anymore? It will just take them longerr than anyone thought possible. Remember how long it took to get the batch problem straightened out with the FDA.