The market look forward amigo
Even if that was the case those are not forward looking...those would applay to 1Q.
Forward looking would be
- After FDA approval of the 510(k) application we will.....blah blah blah
- Burn rate will decrease by $600K starting next month because severance payments were made in 1Q
- We expect higher revenues due to new orders from Spinal Kinetics that came in late in the quarter
- We will blah blah blah....
Glad to agree that I am right. You should also agree with me and your momma that you are a #$%$
He posted this in his SA article.
Wow...that was some horrible earnings and guidance. These guys mislead the entire market.....I don't think anyone saw it coming, including the guys from Nedham (the guy doing the Q&A could not hide his disappointment). Amedica's management is truly a fraud. And they have the nerve to ask for more shares in the proxy?? They were reiterating their $23 - $24 million revenues guidance as recently as April 14 during the Nedham Conference. How could they not know then, two weeks after the Q1 ended, that they were going to miss everything by a mile? I would not be surprised to see downgrades and even lawsuits. These guys should have preaanounced instead of talking BS at Nedham.
There is no question that silicon nitride is a wonder biomaterial with incredible potential, but in the hands of those running this company it could easily turn into mud.
I saw that too. The thread also contained some replies:
Micro-Cap Gem Finder: Main topics: FDA clearance: Why wait weeks? Metals issue: Why not private label to expedite/cut costs? Dilution status; cash burn, others
jay95: Could you ask him to shed some light on their plans to get the price over $1 to avoid getting delisted
Micro-Cap Gem Finder: Jay95....That's one of my questions. Thank you
I sent him a couple of quastions, you can do that too
All the negativity already built-in
Stock will not go down any further....maybe a cent more? but upside is 100 to 300%
June for latest 510(k) application for composite devices (CASCADE study)
I approve this message
Hmmm...I like the commercial space race angle for future growth. ELTK should be in the driver's seat on this mission-critical application requiring high reliability and toughness like Eletk's boards provide