Hey guys, I hope it's up up up tomorrow! But I try to moderate my expectations because stocks often do not behave as you would expect. The markets rallied hard today, so it might not bounce as much as it would have on a day like today. Earnings were good, and I'm glad to see the company is making progress in spite of the FDA.
Somebody is always trying to undermine the progress of this little company, with protests, lawsuits and now email spam. It is interesting to watch, but I have a feeling there is no stopping this innovation engine.
How long does it take to evaluate this product? We have heard about test deployments for months. We need sales. I would like Eldad to provide more detail on the sales cycle, because this seems ridiculously drawn out.
Someone I know is newly diagnosed with prostate cancer, and I sent him information about HIFU and EDAP. His doctor in the US told him that the treatment was considered "experimental" and steered him away from it. I don't even think he was told whether he was a candidate based on his diagnosis.
They are trying to sell the same product that Terumo, a behemoth in the industry, has tried to sell, and failed. What happened with Terumo??? It was touted as a "game changer" for the company. If they can't sell it, what hope is there for Clint and his tiny team in Utah?
Clint's plan was always going to be expensive because it involves more direct sales, and one-on-one relationship building with key doctors. He is counting on disposables, long term, to drive the return on investment from these relationships. The distributor model did not work.
I would just like an honest answer as to why they haven't been able to sell the MTX, not directly, not through distributors, not as fee per use, not any way at all. Even a huge company like Terumo...nada. What gives? That is the least they owe us investors.
Their conference calls are absurd. No real info as to pricing, margins, or any substantive discussion of plans to refinance the debt. We do not have a real CEO.
I like that Ablatherm is being accepted by teaching hospitals - they are usually at the forefront in adopting new technologies and it's a great endorsement for the company.
McGann would have you believe that if the company continues to execute on sales and fulfillment then the stock price will take care of itself. That is not a given, not by a long shot. They deserve credit for creating a stellar product and winning impressive sales from much larger competitors. However, the management has proven to be overtly hostile to shareholders. Everyone connected to this company is benefiting except for shareholders. I have a bad feeling about the margin on the TSA sale. I do not trust this management team and at this point I am just hoping to break even. NOT DELIGHTED.
McGann is a cowboy, shooting from the hip on the conference calls. Look at his CV - nothing in his background qualifies him to be the CEO, nor do I think he really wants the job, in the sense of what it normally entails. I just hope they're setting it up for a sale.
This is a very good question, and one that deserves an answer from the CEO. I hope that the reason they aren't really working to refinance is because they want to ramp sales and then sell the company.
In their latest YouTube video, he tries to demo the bar code scanning feature. He fails twice before he gets it right. Are you serious? Why wouldn't you edit that out, or do it over?
Got a call from IMSC this morning asking if I would like to vote in support of the company's recommendations, by phone (they want to make it easy to vote in favor). Um, NO I would not.