they have until tomorrow. i wish i was as confident as you. if the issues are as small as you say, then a shareholder friendly company (not hero) would issue a PR
I would play hardball w creditors - secure loan elsewhere and take possession of Highlander. Existing creditors acting like heartless vultures.
From pg 22 of Proxy
All directors including Sanderling 6.7% stake = 10.3%
Alafi = 9.3%
TOTAL = 26%
Bottom line : We the shareholders CAN control the company if we unite. The Proxy is our chance. We should wait for earnings - if slow growth continues, then vote No and To Withhold. Otherwise you only have yourself to blame when stock drops.
P/S of 3 sound right, perhaps a little low. That would put STXS at $5. I agree with SRS - management has very cushy position - high salaries, no visible opposition. If other hedgie owners were not so wimpy they could arrange sale. Who knows? :)
Personal selling works best for products/systems like theirs. For a small company like STXS, the sales are usually closed by the CEO. An aggressive customer focused CEO with good personal selling skills, empathy for the customer and a sense of humility can grow sales by over 50% annually from current levels.
Wait until after earnings to see how close to profitability. If current lackluster pace continues, then vote "No " on proxy and "to Withhold" on directors. A management team who personally engages customers can sell much more - it is not rocket science and it works for large ticket items - in face it is THE most effective way of selling such items. It involves a lot of travel, a sense of humility and great personal interaction and a great marketing and sales organization to segment the market and identify and focus on opportunities.
6 thumbs down and I was only requesting discussion about whether to keep CEO and BoD. It really looks like Mills and Stammer and their IR rep read the thread, also possibly additional BoD members - they are reacting very defensively.
Comments welcome. More PR recently and perhaps some outside interest, but no evidence that executive leadership and BoD is turbocharging sales. This lack of evidence would lead me to vote no on proxy items and to withhold votes for BoD in the belief that new leadership, with skin in the game, would immediate pounce upon sales to achieve profitability. Growing profits would boost share price and bring further attention to company as acquisition target. Comments most welcome. Lets have a civil discourse.
Not to reap profit, but keeping with their mission of harvesting public investments over time to free up funds for VC investments. Do not be surprised if they sell more than 100k shares by summer.