I have been holding this stock for roughly a year and have checked out the website, listened to the broadcasts and have been highly impressed with the team in place. My concern is why the FDA takes so long to approve this if they were chasing him out the building with excitement. I know it takes time, but they really should explain why the delay is taking place. I did email the company but never heard back which is fairly normal. Are they officially moved into the new building. I know they have enough cash for a year or two so i am hoping approval takes place soon so we do not see a dilution in our shares as they look for new money. Just a few concerns I have as a stay long and positive in a company run by an amazing team. I do feel very confident that news in on the horizon and do not plan on selling for a very long time based on what revenues they could generate with success. Good luck to all longs Cheers
Not sure where my post from yesterday went... I do not think it is a good idea to badger the FDA and doing so could backfire. I wish I could remember what else I wrote. What's up with the glitches here?
I don't know much more than you, but it's my understanding they plan to manufacture the polymer scaffolds in their new facility which must be approved by the FDA before they can start trials. Frank Reynolds has been suggesting Nov in his latest TV appearances as a start date for the trials. If they start in Nov they could have the first results by Christmas. They only need five cases to complete the trial program. If it's successful they could conceivably be selling the devices in early 2013. I could be wrong, but I think it will be Nov before we see anything happen.
They moved into the new facility on July 11th. It could be that the scaffold product is 90% approved and that they just need to validate production in the new facility. We could get the big big news in September.