LBT 5.56% 1.7¢ lbt innovations limited

Crunch Time, page-20

  1. 159 Posts.
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     Grayza,

    Thanks for insight of your meeting with BB, your question and his answers. It's appreciated but Its quite different talking physically to CEO and reading ASX release from LBT. I still puzzle about the transparency they release to shareholders. I know tech is new, however, been FDA approved 2 years ago, had more than 10000 whatever evaluated urine sample cases in manual process. Now, its been fully automated, sold to St. Vincent's Hospital, supposed to be used in daily routine clinical work. Now the point is why everything moving so slow slow slow and slow.... why would you give trial time so long when you already done FDA trial so long time ago. Even in real clinical situation, you give trial time frame, say, you evaluate machine and your work flow for 6 weeks, then give me a feedback, are you happy, want to buy or no?, now if you give someone 1 year worth of trial time and hoping to sell to that company then you must be mistaken, Australia as already reference site St. Vincent's, German installed late may 2018, where is the evaluation result from German and how long was the time frame given to that reference site/, are they buying?, do they need CE mark?, where are those disclosures, how long are they allowed to evaluate or use machine to buy or just to trial, everything has to have time frame, not that you use my machine for 6-12 months and say i don't like it, its competitive world, you need fast service and fast answers. so still, not sure of 501K, CE mark, EU have already reference site, no sale confirmed yet, now even evaluation details, Oceania has reference site but no additional sales.. something does not convince to share holders why so blooddddyy slow... Tech is good,might take off anytime but needs transparency to shareholder where and which position we are, NOT JUST HAVE ROAD SHOW AFTER ROAD SHOW, REPEAT SAME PRESENTATION AFTER PRESENTATION AND WAIT FOR THE SALE......Just my frustration here the way LBT is moving, as slow as turtle, but old saying slow and steady wins the race, but I'm not sure in this case, Finally LBT needs new professional website, come on!!!! it supposed to be distributor as well.. its so old and ugly....

 
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