OR, how he says they're a $230 MILLION market cap company, LOL !!!
UPDATE ALERT NEEDED OLE Wooten, you're now a $170 MILLION market cap company. Better shave a cool $60 MILLION off your ole "slide show" there pal, LOL !!!!!!!!
In about the first THREE MINUTES he says 1) We're NOT a "stem cell" company. 2) They're undergoing some sort of "remake" or "transformation" or "reinvention" and 3) It's CLEAR AS DAY IMO he thinks the EYE is really all they got (when HE personally culled their tech portfolio) and that's all they're really gonna focus on (no pun intended) and ALL the other "history" he rattled off initially about all this other "stem cell junk" for "MS" or "lupus" or whatever is and will GO NOWHERE apparently and is just part of their 1/3 of a $BILLION in smoked capital gone down the ole rat hole. That's the "take away" I got personally.
I can't even handle listening to the whole thing- it's painful and like listening to paint dry and most of it is all out of date and did not happen already as claimed (SEE FORWARD LOOKING STATEMENT SLIDE #2 I BELIEVE IT IS, LOL !!!!!!!!!! SAFE HARBOR SAFE HARBOR DISCLAIMER DISCLAIMER ALERT !!)
AND like a prior comment noted- he's gotta use "notes" when describing or discussing THEE MOST BASIC ASPECTS OF HIS COMPANY?????? I also found that strange- he's got a slide he's looking at and "talking to" but he keeps looking down at notes and "someone" off to his right- as if cribbing him or fact checking him on correct terminology etc????? VERY odd IMO. Like if you sat next to the dude on a plane or something- like he couldn't explain this same info to you w/o some note sheet or crib sheet on-hand it seems to me?
He's talking about all this as if he's just learning about it IMO, all "on the job" since he got there? WEIRD? Like he's trying to understand their tech (if they really have any?) how to use the correct terms, what he even "thinks" should and will be their core business strategy- which obviously ain't a workin so far LOL!!! etc?
Yes, a few minutes even of this "presentation thingy" strikes me as "odd" and uncomfortable and not well presented at all. IF THAT WAS THE MONEY BALL PITCH- then I can see why any "smart money" or "big money" typed panned on it. Those dudes/firms- you gotta be ON YOUR "A" GAME and KNOW YOUR BUSINESS COLD AS HARD STEEL or they smell weakness instantly. Read the history of the Apple or Microsoft or Google's or Amazon etc of this world and their venture capital (Menlo park, legendary "Sand Hill Road") "pitches" they made- they're stuff of the history books. They had to BLOW AWAY THOSE VC venture-cap dudes in a 15 minute or less "pitch" typically- or you get shown the door. IF you got past the 15 minute mark- you then had to stand a grilling of questions for as long as they wanted to keep you there- hours on your feet if needed, NO NOTES allowed or looked at. THAT is how it's typically done from my reading of many, many books written about the venture-cap world and some of the most successful companies in the history of the world and the U.S. capital/stock markets. Stuff of legend.
THIS, this "video" thing- it didn't impress me, so I can't imagine what some "big money" tech expert money person would think? It comes across to me as ill-prepared, weak and lacking confidence as to who and what they are as a company and how EXACTLY they plan to pull this all off- and that's in just the early minutes of the "presentation".
NOT impressed for me personally- didn't do a thing for me. More DOUBTS for me if anything. Wow.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
