the company is in trouble no doubt about that
the (patented?) auto start burette has had a miserable sales performance over the years and you have to wonder why. if its such a brilliant innovation why isn't it selling? Then again, in the recent video management indicated that interest was picking up after favorable reviews by a hospital. Sales $$ have gone up ten fold in the past year, but management is tight-lipped about which product had the lion's share of that phenomenal growth. IMO the auto start burette is a no-brainer and will be standard in every hospital world-wide eventually. the burette design has not changed in decades so there is a natural conservative bias in hospitals to keep things the way they've always been
not too sure about the latest product, the pericoach. As a male, I'm not part of the target market so perhaps I am biased. Maybe something I don't want to think about. But there is exercise equipment for everything else when I hit the gym. Its all unnecessary really, we've survived billions of years without assistance by weights, treadmills and devices. But I go the gym frequently, and its because that's the way we live today, we have become dependent on these things and it leads to a higher quality of life, and a longer life.
The chairman wants to put in $1 million at 0.003 so management confidence couldn't be any higher. And with an investment fund also wanting to put in $500K during this CR there seems to be ongoing support during future CRs
the cost reduction target of 50% also signals that the company will not burn cash at an unreasonable rate
I have bought in at 0.003 and have set aside some cash for future CRs
Those waiting to buy at 0.002 might need to prepare for disappointment. Not much volume traded at that price to date
ALT Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
