That would be cool rick. I still don't understand why he's not staying on as a director. He should get a slot just because he's the largest shareowner. Only thing I can figure is the company is going on the market quickly...but I hope not.
What do you guys make of the latest filing's releases? It seems McMillen and Brigante...brought in Stoffer and Davison with the purchase of Timios Inc. Now McMillion and Brigante are out by new institutional owners...and I assume because they felt they gave themselves too good of a new employment contract.
Now...Stoffer and Davison are the new CEO & CFO of Timios National Corporation. Since it seems they started Timios Inc from the ground up...these new guys know their stuff. Still...we as shareowners and potential shareholders are left in the dark on how legit Temios is? I sure hope when they release earnings they will have a conference call to help explain this mess. I really don't know whether this stock is a buy or sell at this point?
Any help with your opinions is appreciated. Thanks
Ameriscan has a website...but could use an updating. Orbcomm should be able to attract even more traffic with their marketing.
At least it proves they had nothing personal against Larry...they just have a grudge against Chembio!:)
By the way Larry's company email has already been changed to new CEO's. Rick...I still don't understand why Larry didn't stay on as a director? Makes be want to re-think what the BOD has planned for the company...like a quick complete sale? I'm am super glad Larry stayed on as a paid advisor for at least 6 months.
Makes sense to me. Would love to hear more from the new CEO as soon as possible. I don't understand why Larry isn't on Chembio's BOD. I don't like that. Maybe I can get an answer?
Yeah I agree...it does seem expensive on the surface. But...let's say 100,000 of Euroscan's 200,000 subs convert or upgrade to an Orbcomm wireless devices over time. That's not counting any new contracts. At $150/device that $15 million. Then Orb gets a yearly subscription payment on top of that. It only makes sense that these customers will want to be able to track these shipments real time...even if it cost more.
What is the figure that Orb will get from selling their other products thru Euroscan's channels world wide? It has to be in the $10s of millions over time. How much would it cost to build that sale's net worth...without getting the benefit of Euroscan and Ameriscan?
I'm sure Orbcomm's management saw that the high price was worth it compared to not moving on it.
Listen to the conference call. Euroscan is just starting to ramp their devices to wireless. These conversions will increase Orbcomm's subscribers by 10s of thousands over the coming years. Plus...their distributors outside of the U.S. will integrate Orbcomm's products & services along with their products. Ameriscan in the USA gives Orbcomm a heads up on the new product safety rules. You have to pay to acquire the best of class products and employees.
The real bonus of buying Euroscan is ORBC doesn't haven't to build their own sale's network in Europe, middle east and SA.
"Most recently, Mr. Sperzel served as President and CEO of International Technidyne Corporation (ITC), a privately-held POC diagnostic company. While at ITC, he led a corporate turnaround which won the 2012 "Most Dramatic Transformation" award among Warburg Pincus-owned Healthcare companies. He also led the acquisition of Accriva Diagnostics (Accumetrics), which strengthened ITC's leadership position in POC Cardiovascular diagnostics."
That was my point. Up until the merger it seemed Mr. Sperzel rocked the company. I was wondering about the details of why he left. Maybe he wanted to be CEO of a public company?
So much for your call of Chembio not being able to find an awesome CEO!:)
I found this from ITI's news. What happened after this?
August 30, 2013 ITC Acquires Accumetrics to Form Leading POC Cardiovascular Diagnostics Business
PISCATAWAY, N.J. and SAN DIEGO, Aug. 30, 2013 /PRNewswire/ -- ITC Nexus Holding Company (ITC), a global leader in hemostasis management and Point-of-Care (POC) testing, today announced it has acquired Accumetrics, a global leader in assessing patient response to all major antiplatelet therapies. Terms of the transaction were not disclosed.
"ITC has a history of innovation and leadership in Point-of-Care coagulation testing and Accumetrics is a pioneer and leader in Point-of-Care platelet function testing," said John Sperzel, Chief Executive Officer (CEO) of ITC. "The combination of ITC's Hemochron® and Accumetrics' VerifyNow® product lines creates a leading hospital-based POC cardiovascular diagnostics business."
"Accumetrics has played a leading role in the development of the antiplatelet monitoring market. The performance of the VerifyNow system has been demonstrated in numerous clinical studies, and we have thousands of satisfied customers around the world," said Accumetrics Chief Executive Officer Timothy I. Still. "I am confident that combining Accumetrics with ITC provides the best opportunity to accelerate the global adoption of the VerifyNow system."
Mr. Sperzel will serve as CEO of the combined company and Greg Tibbitts, Chief Financial Officer of Accumetrics, will serve as CFO of the combined company. Now that the transaction has closed, the process of integrating the ITC and Accumetrics businesses will begin immediately and the leadership teams will work closely to insure a seamless transition for customers.
The combined company will assume a new name, Accriva Diagnostics, and its corporate headquarters will be established in San Diego."
Well...Sunday's launch got pushed off until end of March. I haven't seen a SpaceX launch on schedule yet. Maybe Orbcomm's launch date stays?
down day. Management is guiding for at least 35% revenue growth in 2014 after 15% in 2013. This back half of this year will be fun.
Euroscan is a major bet with $29 million cost and possible $6.5million earn out to Euroscan owners. All is paid with cash except for 291,000 shares. I guess that's why there was no sell off on the share offering in January? They had this deal lined up. I'm already loving what this new acquisition is going to produce. It's amazing the advantages cash can provide by buying technology, products and management that took decades to develop. Orbcomm has been playing the big boys game of buying their best of class competition.
After listening to the conference call...it makes me want to add to my position and it's already my largest holding.
That would be awesome...but I bet it gets pushed back. They seem to always get delayed a couple of weeks. Thanks. Going to listen to CC now. Solid support today on a real ugly market day.
Better yet...sell uncovered puts on those stocks. The money up front most likely would equal a year's worth of dividend. If you get put the stock because it falls below your strike price...no problem because you were going to buy it anyway. If the price doesn't fall below your put price by expiration...rinse & repeat.
Iridium has so many moving parts and debt...it's hard for me to value them. Orbcomm's model is much simpler...with plenty of cash. From the action on the board today...one wouldn't know we had an earning's release this morning. Hope to give a listen to the CC shortly.
I'll mark off CLRX and put ARIS on the listen to presentation list. thanks
Here's to tomorrow's earnings. I think revenue will be fine...but I'm a little worried about expenses with the recent acquisitions.
Sounds good, thanks. The company is getting a little more interesting by the week. With today's filing it seems the CEO & CFO of the acquired company in 2011...became the new CEO & CFO of the parent company as of March 7 2014. Just proves one better be careful of whom they hire.:) I really think their business is legit...but they are valued as a company going BK. The large fund holder only had around 9% common...but after converting the preferred they now own 70%+ common...I think. I believe they converted to common at this time because they thought past management was taking advantage of their minor common share ownership...but I could be wrong. It seems the current just appointed CEO & CFO started their business from the ground up...so they understand the nuts & bolts of what they have.
By the way the ITI presentation was really good. Not sure if you caught it last CC...but Iteris' quarters best to worst in general are 2nd 1st 4th 3rd. Or...worst to best 3 4 1 2. So we just had 3rd....so should be up from here on the next 3 earning's releases.
I'll respond to you on this one. I never said you guys were SHORT bashers. See...either you're trying to mislead again or just too stupid to know the difference. I've called you a bear on almost all post. Over a month ago I said I was unsure of your bag. Slowly you've shown the light. Sometimes I think the bears will respond even before I finish my post! LOL Get some sleep brother.:)