Highlights Of My Conversation With Gerald (LymPro)
Regarding LymPro: It was interesting observing Gerald talk about LymPro. I think he has moved on from the BD validation result announcement (they'll be out shortly) He knows they are positive. He views their official announcement as a "milestone" in LymPro's development. The completion of the CLIA another "milestone." Commercialization comes next, but even that he mentioned as just another "milestone." In Gerald's mind, and his team's mind, nothing short of LymPro becoming the "industry standard" is a win for them. That will take time after commercialization begins before doctors all over the world immediately think of LymPro when trying to diagnose whether a patient has alzheimers. I asked him if this is doable? He said: "we are on the fairway, not in the rough." I asked him if there would be other competitors with blood tests that will challenge us? He said to become the "industry standard," it's more than just having an accurate blood test, it's being able to get the big players in Alzheimers around the world to embrace you. On our board is Dr. Adam Simon, a world renown authority on Alzheimer's disease. He consults with the ADNI (Alzheimer's Disease Neuro-imaging Initiative: a collaboration of the world's major players in curing alzheimers) Dr. Simon is the guy who accompanied Gerald in that Sept. 18th meeting with BD. He is a HUGE asset to us in achieving Gerald's goal of becoming the "industry standard." He knows the value of LymPro. I think Gerald's obtaining more financing was done so that he can wait on a Sales Partnership until that partner is willing to pay more. He said, "people may offer to pay you 'x' now, but a little down the road will be willing to pay 100 times x." I think the added financing is giving Gerald more bargaining power with partners for LymPro and MANF, and he has the bigtime advisors to coach him on what value he should hold out for.
riskreturn168 thank you for taking the time to attend the conference and for having a conversation with Gerald and for sharing that information with all of us here. I personally greatly appreciate the information you shared and enjoy reading your past post.. AMBS LONG
eddavis: I don't know that we talked about that specifically, but he did seem to focus on when our market cap got into the 200 to 300 million range...he felt that obtaining favorable financing would be so much easier. This is strictly my interpretation of what he was saying, but I feel he has a plan to try to get us to that point in the coming months and then possibly do a RS to get us above $2 and onto the NASDAQ. He didn't say it that way, but that's how I think he thinks. My gut feeling is that he is going to release stuff in the coming 6 months that we have no idea are even going on.