Tuesday, December 20, 2016 4:04:55 PM
The quiet did cause me concern, so I returned to my resources of deeper due dilligence and found several reasons to affirm my optimism:
1.) This management team who has been conservative in increasing overhead expenses has hired a few new Directors of Business Development with strong credentials in key markets:
This person has extensive experience in Mexico...and it appears he is a former spine surgeon.
https://www.linkedin.com/in/everardo-de-la-rosa-md-32134777
This person has experience in UAE.
https://www.linkedin.com/in/moe-deib-a4693618
2.) They have jobs posted for Regulatory Affairs and QA, which would seam to indicate an increase in capabilities to bring their new products from their pipeline to the market:
http://www.covalon.com/careers/
We are currently seeking candidates for the following positions:
Director Quality Assurance (Mississauga, ON, Canada) - View Now
Director Regulatory Affairs (Mississauga, ON, Canada) - View Now
Regulatory Affairs Associate (Mississauga, ON, Canada) - View Now
Receptionist / Executive Administrative Assistant (Mississauga, ON, Canada)
While this is all circumstantial and speculative, based on past experience and familiarity with management, I believe it is idicative of a conservative management team building confidence in its increasing cash flows to implement it's expansion plans.....both by expanding distribution of current products....and increasing efforts to get new products through regulatory approval.
Really, I believe 2017 could finally be the brreakout year I've been waiting for here for about three years now.....we shall see soon enough.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
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