Long time follower. First time post.
This is a very exciting time for this company. They have achieved recognition in three largely named institutions that have voiced high regards towards their single incision robotics device. Everyone should know that the company’s goal is to get this thing to commercialization and to have the funding to back it up.
A smart investor knows that a company like this is very risky at start up. They’re always setbacks however in this scenario they are close to the finish line. Their plan is very simple, get the required funding to commercialization. The way I’m interpreting all this, these guys do not want to partner to tap into an 18 billion dollar market when they can exercise all opportunities to go the distance themselves. That said they understand the possibility that it may not happen. But the more they increase their funding and timeframe to FDA submission/approval and commercialization, their value increases substantially. If I was CEO, I wouldn’t partner / accept a low ball by out, especially knowing the technology I have. I would make every effort to go the distance or achieve the maximum value of the company before partnering/buy out. Their current race will be a fart in the wind to their current number of outstanding shares as is. There’s no need to panic over this. At the end this looks like it will make a decent amount in the long run (look at ISURG).
By the way, you only lose money when you sell a stock in the red. If you’re inpatient and not willing to take the risk this is not a company for you. You don’t make money off these kinds of start ups right out of the bag. Especially when they do not have a product to sell or revenue to generate. When this company start selling it’s robot that’s when we will see a nice swing upward.