It continues to fascinate me how far off some folks can be. This company is the best shape it's been in for years from a management and operational standpoint. The company has stated they will shortly complete a financing with a high preference for debt. We of course in life all want things, but realistically, it's hard to imagine that there won't be some kind of equity coverage on this deal. I wouild suspect this might be the reason the stock has drifted down to the all important $1 per share level. With that said, Harrold Flyn, the new CEO is the real deal! He is an extremely seasoned and experienced executive with loads of dental experience. His focus to target a limited number of modalities with a quick, easy to understand pitch backed by scientific- technical whitepapers is right on the money. Moreover, he is extremely careful not to let the short-term cloud the importance of building a sustainable franchise. This is likely the main reason why they have yet to release a lower priced produt that lead to a significantly larger target market. Bottom line, this thing will be much higher in the future assuming the financing is completed, which there I every reason it wil be. Once the deal is disclosed, I'd be buying every share you can find.
Look no doubt this thing has been a mess the past few years. Ever since the new strategic plan was rolled out it's been one miss afer another . How much of this is due to mgt turnover is unclear but I think what we have going is a good ole fashion bloodbath. It's just a matter of how quickly a few of the large folks are getting through the door. These cases tend to present tremendous buying opportunities if:
(a) the company has a decent balance sheet and liquidity is not compromised
(b) company sets the bar low enough to where they FINALLY meet or beat estimates. That has been a big problem for the past year and a half.
(c) Insider buying - this is a bit mysterious as even wit the stock hitting all-time lows (or close to it) we have yet seeing folks stepping up.
(d) we see a "capitulaton" - Now we've seen the stock drop from $2.70 to $1.63 over the past several days but the volume hasn't seen that "blowoff that we need) - have had one day above 1M shares but I suspect the bottom will be accompaind by a day 3X that.. Also, this will typically come with a reversal day - no signs of that yet.
BOttom line is we're getting closer to a bottom - if nothing else the stock is approaching a number closer to 0 each day it drops. If I were guessing, the bottom will be around $1.50 give or take a nickel. If all goes to plan (which it won't, we should see some positive catalysts by Q3 - as we return to profitabilty and show signs of improvement - stock will be significantly from here!
Good luck to all