Martin, I think they must be worried about the lawsuit, which is why they held CC. Even if 10 percent of the allegations are true, it makes them look like incompnetent buffoons. I love how management says the suit is "without merit." Same words they used to describe the Salient suit. And we know how that turned out.
One Brian Spencer asked "what is the urgency of this call?"...a good question. Happened kind of sudden, didn't it?
But he got a non-answer.
"There wasn't one particular thing"..."John A. keeps call records" (ha! who knows how much of John A's ridiculous non-answers are in John A's call records...but don't get me started)..."we work our way thru this 510k process and want everyone comfortable"..."communicating w shareholders is important to us" (Yes, he actually said that last one).
And the fellow named Tom Hamlin lobs Rencher a softball when he asks, "What do you, an 18-yr battle-tested veteran think of the opportunities here?" (Probably was Rencher's brother.) The answer back: "Great opportunities"...what else?
Bike, I don't think anything this management does at this point changes the suit against them as they've done so much damage to shareholders already that can't be undone with a few crappy performances, you know?
The giveaway that it was a staged stunt was when Russell Cleveland asked a question. He owns 10 percent of the company. He can't call Rencher or one of the three stooges and ask his question directly?
The CC was a giant nothingburger, hence the ugly selloff. Rencher kind of acknowledged that one of the reasons it was called was because of the negative publicity of the shareholders suit. There was absolutely nothing new in regards to FDA approvals.
I look at the price the day after the conference call discussing the "new" Jplasma, and the market gives its verdict: -18
I keep asking myself, could this management really be THIS BAD? And if so, when did they become so bad? They seem to have run a company pretty well for a long time and then when I invested in them, they start sucking.
Oh wait...WOW do I owe you all an apology! They suck BECAUSE I invested in them!