Did not ask about funding. Questions were about lifting patient cap,, new contracts,, revenue stuff.
I get the impression BDSI has the superior product,,, IF ,, someone really wants to kick the habit.
Also,, the sales cycle is a complex web. Everyone is concerned about increasing shareholder value
Read my last post. By the way how do your patients like Bun/Bel? I believe them to be superior products caught in a incredibly complex and confusing health system. For sure, leadership of BDSI is focused 100% on shareholder return.
Based on what I heard and trying to read between the lines,,, Sirgo indicated there could be some positive news by the end of the summer. They also indicted patient cap lifted probably in Q-4. I can say this,, it is a complex business with a long sales cycle. My cost basis is pretty low as I have dollar averaged down. It is all risk vs. reward. They also seem to have a much more concise and direct sales approach. I am semi retired so I went casual and really felt bad. Probably 60 or so there. Nice lunch and most everyone was business formal. Very intelligent group I felt like a bum. Alt the worst,, someone will buy them, but I am going to stick it out. I think we could look back in a year and be quite happy.
I am local so I went. I was impressed. BDSI is certainly not for the faint of heart, but as long as my other stocks are doing well,, I am sticking with them. I don't see if going much lower. There are several good things that if only one worked,, the stock could double by Labor Day. It is a dedicated and professional group. There are many positives in play here. It would be great to see a company that actually does something good win,, and ultimately,,, win big.
I went to the annual meeting. This stock is certainly not for the faint of heart, but I am sticking long. I think good things are right around the corner. There are so any positives. If only one hits,, this can be at $5 plus in no time...
Something has to be up. I think it will be a new state contract ( or 2 ) . This stock has been way,, way oversold. Should be in at least the $4 -$6 range. A stock like this can potentially change your life for the better.
I want the best for all but I had to divest some BDSI. Still have several thousand shares, but took some loss for tax purposes. I still think one positive thing can send this stock upward in rapid time.
EOM.. and thanks