Okay .. I guess you did not write this ... "LM does not want SIRI's price to decline too far because that means another collateral call. Tight situation. Hence, the Barron's cover. JM called in a favor. This will buy SIRI another two weeks. The problem is the bad CC coming up in Jan."
These wild scenarios was the point of my message.
I am honored however that I wrote something which was worthy of your attention. At one time I really thought you had thoughts which were valid. Lately you have sounded like Morton Downey.
For five years I have been reading "Duke's" conspiracy theories. During that period the stock has risen 1400%. How much creditability is that worth ?
No disrespect to our fallen President but the "Dules" predictions are much like the dribble that surrounds his passing. I'm hard pressed to recall one of his/her scenarios that actually came to pass.
Now we are to believe that Barrons is running a story as a favor to "buy time". How about I postulate that the "Duke" is tryiing to get you to sell so he/she can buy shares on the cheap !
If the stock hits $2.90 before January I am asking that others join me in welcoming the Duke to write a post taking credit for being right for once. After all, as they say, even a stopped watch is correct twice a day ... or is it that even a blind squirrel .... oh, never mind ... I think I'll just wait for the $2.90 mark and double down !!
I would not be surprised if Montano does not do everything he can to throw a monkey wrench into an orderly takeover of the company. He may have something to hide but he has a lot to lose. It may very well be true that he would rather take the company down with him than to see it succeed.
I think the best thing for us shareholders would be for these two gentleman to sit down and work out their differences.
Mr. Montano seems like a sincere fellow even though he gets a little worked up when he hears Wallen's name. I have not heard from Wallen so I hope he is not a "my way or the highway" kind of person.
Geeze If Kennedy and Krushchev could keep the world out of war you'ed think these guys could make peace !
By the way thanks to the guy on the call who made the counter argument .... I thought you kept your cool pretty well and you have some very legitimate concerns. I got the sense that Mr. Montano was "my way or highwaying" you but perhaps he was just under a little stress.
I listened to it also. He did not indicate that he would sell all of Cardio ... only the wound healing portion of the company. My notes are:
• He bristled when the Merck company name was used by a caller and then proceeded to keep using it over and over himself after somebody indicated that he had released their identity in a company communication years ago
• To his credit he admitted he made errors over the prior few years.
• He is going to obtain approval for the wound healing drug and market it by way of another company. In exchange, the other company will reap 50% of the profits from the sale of this drug only. Says this is the only way to save CVBT.
• He said Wallen cannot succeed because he does not have Dr. Jacobs.
• Hard to determine if he is just a very desperate man or if he knows what he is doing. I think he talks a good game but then again most salesmen are pretty convincing.
• Nonetheless, he is sure he will prevail and he will save the company. I just wonder why he is making this very public plea if that is the case.
Wonder why none of this was in the letter ???? Hope someone asks him to explain this in his fireside chats.
I like your concept however let's turn the senerio around and give Calvin the 3 months ..... Montero has had years to do the job and has produced (to me) only a months long suspension of my investment. Puttin his relatives on the board also feels not good.
I just read through their earnings call and I'm impressed with their candor and upbeat attitudes. They do not sound to me like they are trying to play a lot of games with misleading statements and false hopes.
Also, it also looks like they have been able to raise money through a $20M line of equity from legitimate lenders. Given the market and equity cap of the company that seems like a rather significant and confident act on the part of whoever decided that there is at least that much value in the company.
Funds to continue operations was one of the concerns voiced by Darth who seems to know his/her stuff. So with that issue seemingly solved perhaps there is really some reason other than hope to hold onto shares of LQMT.
I haven't a clue if their positive remarks about sales and the likelihood of additional markets for the LQMT product(s) are based on fact or hope. Nonetheless to a novice they appeared to truly believe there is room for a lot of growth within the parameters of their business.
I did not see any reason to sell my shares on the basis of this call but would appreciate it if any of you who seem to know the business pretty well can offer your two cents to dialogue.