I think it actually can- only raising 5mm is not enough- they need another 5mm for the brain lab note in a few months. Unless they can re-structure that deal... we will need another round of financing. they need more surgeries- a lot more.
in its current state yes 115mm would be lofty, however if they can accelerate growth it could easily sport a 200mm market cap. look at NVRO which does around 60mm (annualizing last quarter) and trades at 200x those sales. I would not be surprised to see 100x sales if the company can grow its revenue at a similar pace.
YOU GUYS NEED TO RELAX ON GRILLO he didnt mess this company up- Kimble did- they had a #$%$ salesforce and a bad execution plan. They are restructuring the company to be a REAL Company. RELAX keep buying on the way down and be ready to double up when they do a reverse split.
the small amount does SUCK but look deeper into the #s- 7mm is not going to be the ongoing loss. There were 1x charges.. they have reduced spending and cash flow wont be that bad
CDEL the market maker responsible for pushing the bid down looks to be done with his 125,000 shares he showed at .55 2 weeks ago. there may be more but at least he does not appear to be crushing the bid any more....
I call bottoms on falling knives but the selling looks OVER- the bid is being pennied up and there is not a lof of inventory on the ask. we are heading back above 50 cents SOON-
Investor relations is getting the word out about the company and building their reputation among doctors. While it may be repetitive - its good to have a constant news flow. A good IR and stewards of the stock will not stop here. They will have a PR at least 1x every other week. I also expect an announcement on the secondary to be part of these planned releases...
@while do you know how to read? Are you an insider who knows something about no catalyst? They do not HAVE to dilute all at once.
My point is that raising cash when stock is .5 SUCKS. Either they can not get the ca$h which - I do not believe to be true- OR believe the stock is going to go up at which time they will raise the cash.
Why because they have an s-3 filed? Yes that has been out for months. With shares at 50 cents, if management was concerned of shares headed lower management would have sold shares already and raised the money. They have not done that which i view as positive. We had 30% growth last quarter and with the new sales focus on repeat surgeries don't be surprised.
I agree but its not a good look for our shares to be trading in the pennies- these are hospitals that require service and do not want to buy from a fly by night penny stock organization.