Management needs to understand and adjust to the fact that successful companies get in front of situations not behind them. All small/young companies have problems and growing pains , its how they handle them and learn from them that dictates their fate. Qfor is in a business field that is being explored, exploited and divided up as I write, that being the cloud based business applications field. Some think it is wise to wait to be discovered and the world will come to you , others believe you need to promote and recruit others to help promote and grow your business [ all aspects ].
QFOR is not a proprietary , patent protected business with a big moat around it. It is in a fast changing, highly competitive one with big experienced players.
Management needs to not just grow sales but build a strong and flexible team in all management positions, including but not limited to the financial side, IMO. I remain a long but am monitoring progress very closely as I believe QFOR is presently at an apex [ short term, mid term, long term ], as previously stated explosive growth [ share appreciation wise ] vs dilution induced stagnation. Financial and sales reporting on an ongoing basis is mandatory not optional at this point.
I trust we share a vision/desire for success regarding QFOR. To respond to your questions I try not to comment from a position of hindsight when representing my opinion but refer you to my post regarding proactive vs reactive as to how I handle , would , handle things. Regarding management and types of investors, guidance, external threats , etc. that is where proactive management is most critical. Management , good competent management is concerned with all shareholder concerns whether short, mid or long term and communicates them continuously to the market. We all know about excuses and understand market forces. Its time for management to step up , they chose to go public vs remaining private. Regarding conservative management , They seem to be setting themselves up to be taken private at shareholders expense, as witness by market vs enterprise value and other current activities/ actions, Presently for pennies on the dollar. This is not my present opinion but one could surely make a strong case/point for this as well as other reasons [ a mission statement ? ] This is a young, disruptive growth company trying to stake a claim in an explosive field. I can understand cautious, calculated management but conservative? Regarding patience, two quarters in this field is an eternity, IMO.
Health and Appreciation
of the company its is fast approaching the point where they can use one years worth of profits to buy out the company. Who is running the show from the financial and marketing side ? Who is representing current stockholders? With no large institutions or holders of any significance to worry about , it would be simple to aquire control . I can understand the timeline and reason for the audit but whats been going on [ of significance ] business wise this calendar year? A day becomes a week becomes a quarter becomes a year. The stockholder position is becoming very exposed. Why hasn't anybody from the financial community written about QFOR? Why hasn't an analyst commented on QFOR? Why hasn't a serious MM taken a nibble? Why doesn't management do any marketing PR ? any press releases? Young aggressive companies should always be in front of the press looking for some PR. On and on lots of questions and a mute management team. Beginning to get stranger by the day/week. If everything financially and business wise is as stated why is this company so undervalued stock price and market value wise?
Want to see a launch of a moon shot ? All CGIX needs to do is announce either one and its off to the races. Its tests are first to market and industry standard. The list of clients,hospitals and institutions is a who's who of the Medical field. Insurance reimbursement and away we go.............................
I can not check what hasn't been released. Any q1 &2 numbers are managements not audited and are ancient history or should be [ this is Q3 2015 ] If this audit is creating this much disturbance as to disrupt the entire company's performance what does that say about management . Just a matter of time is not an answer to the many questions management is putting forth by its inability to get out in front and lead. They are in a new, dynamic and disruptive field and time is not an ally. They need to bring in a financial house and a marketing guru, or show they are capable ASAP ,IMO.
pattern yesterday. I was buying, had orders for, blocks of 5000 at limits of .32, .315 , .31. After a purchase an order for 100 was filled at .305 . One time it might have been a 500 share block. This happened more than once. On another front, Wonder if management is waiting till audit is finally current before discussing new, non recurring, business? Could sure use some positive press to jump start some momentum.
It appears that it took aprox. 1 month from time 2014 was done/announced till 1st quarter 2015 was released, no prior announcement. Perhaps we might get 2nd quarter audited numbers when/with the 3rd quarter numbers are released, on time, next month. Would like to hear from management in the mean time regarding new business/contract signings, usage, anything. Surprised nobody with seeking alpha has anything to say recently , pro or con.
get a better look at the FDA timeline? a clearer picture of current events and a near term proforma ? sales terms, lease vs sale ? etc etc a lot of promise as well as unanswered questions. The games afoot and starting to get interesting.
Having followed CGIX for awhile now I find it interesting that almost every time CGIX announces a collaboration with a top rate , world class leading institute , hospital , business the stock price sells off. The interesting part is the big money people are still buying. Smart way to keep building a first to market world class company. Short term trading versus long term investing possibly ?
and a little odd that SVAC goes from a private to a public company and one of the first things they announce is a product recall, Management then goes dark/silent for almost 2 months and counting. I have seen a few private to public transitions but the timing and current actions of management in this one is strange.
When a yahoo stock message board turns social media site . Observation , sell when posts go social, buy when posts go financial. Its been awhile since last I checked , see management still has no idea.
Having watched, sometimes coat tailing people like Icahn, Pappajohn , Frost et al , I have witness financial engineering and manipulations both black , white and most shades of grey. SVAC COULD HAVE just got caught in a manufacturing hiccup at the worst of times and current managements mindset is adjusting from a private to a public mindset. Frost/OPKO getting its people on the board immediatley following merger is telling. Time will tell and the clock is running.
They can't say anything new without releasing it. Once you have asked for a mullagan from the street only audited financials , signed contracts and the like work till you restore/reestablish confidence. Management needs to get proactive and get momentum going, less than a year or so back they were talking about so many irons in the fire, so to speak. Well whats going on?
Could MO simply roll shares into new company, throw in a few bucks and own 20-25% of new entity? Helping new entity with some of the financing in the process as well as current stockholders?
and management is still M.I.A.....Volume today was 3x average and stock took a 6+% hit . From .70+ to .30 in no time , beginning to get serious . At this point management would be well served to state they gave all employees time off pending audit conclusion. Has anything new happened over the last quarter or two , perhaps someone got married , had a baby , taken a nice vacation , signed a small new contract , anything??????????
get out in front of a situation that is fast approaching a death spiral. It appears that someone/thing has picked up on their incompetence and is having some fun driving it into the ground [ it doesn't take much, a few hundred thousand $$ ]. If management was serious about growing thru aquisitions they are losing, have lost, the option of using its stock. Who is running the company ? It appears an MBA candidate from a second tier MBA program could do a better job.
has been acting it wouldn't surprise me if they were selling stock trying to raise money. 40+k average volume already over 650k and counting 30% haircut in one day , $.70+ to $.20 over 70% in less than 6 months. All from a growing and profitable young company in a disruptive, explosive field........Current management truly appears clueless and out of its league.