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Hey MS - There were a couple of us, including PhD, you me, Cp, etc., who were asking the same questions back in Sept/Oct. timeframe. Wouldn't a higher pps (truly reflecting the valuation) help the CMTH mgmt get better term in financing for lesser number of shares?
At least I know I was not happy with the responses/answers I received back then. But, also, I am about 1yr into investing (10 months back then) so, I left it to the experts to 'sort' things out. AND........Here we are!
That said, I am always going back to my original reasons for investing in CELZ - I kept buying all the way to 0.06 and have held on since then):
1. I believe in the technology - though the timelines may have shifted - meaning, as you said, eventually the financials will be reflected in the pps (even without open/transparent/frequent communications from the MGMT)
and
2. This group of people have done this before - I was not there and was not part of it, and I don't know if the previous experience was similar or different. But, the results were there. and I am counting on a 'repeat' of that.
So, all said and done, I am still holding Long and Strong!
Neovasc Wins German Court Appeal; Announces German Court's Decision to Dismiss CardiAQ's Claim to Co-inventorship of a European Patent for Tiara™
PR Newswire PR Newswire•March 21, 2019
NASDAQ, TSX: NVCN
VANCOUVER, March 21, 2019 /PRNewswire/ - Neovasc Inc. ("Neovasc" or the "Company") (NVCN)(NVCN), a leader in the development of minimally invasive transcatheter mitral valve replacement technologies and in the development of minimally invasive devices for the treatment of refractory angina, today announced that the Higher Regional Court in Munich, Germany, on appeal by Neovasc, has dismissed the case in full, brought by Edwards Lifesciences CardiAQ LLC ("CardiAQ") against Neovasc in Germany. In this case, CardiAQ had originally claimed full ownership rights to one of Neovasc's European patent applications for its Tiara™ ("Tiara"). In June, 2017, the first-instance court in Munich had awarded co-ownership rights to CardiAQ. Both parties had appealed this decision. CardiAQ withdrew its appeal for full ownership during the course of the appeal. In dismissing the remainder of CardiAQ's case, the German court now found that CardiAQ had not contributed to the invention of the Tiara and found Neovasc to be the rightful inventor and owner of all rights to the disputed Tiara European patent application.
"We are pleased that after full consideration of the evidence, the German courts have now recognized that CardiAQ made no contribution to the invention or development of the Tiara," stated Fred Colen, CEO of Neovasc. "With this decision, which we strongly believe would be confirmed, even if appealed to and accepted as a case by the German Supreme Court, Neovasc is free to pursue its European patent application and has the sole right to commercialize the Tiara in Europe and help treat patients suffering from debilitating mitral valve disease. We will continue to vigorously defend our intellectual property against any attempts by third parties to infringe on these rights."
For further details, please see the Material Change Report filed by the Company on SEDAR and furnished to the SEC on EDGAR under Form 6-K.
About Tiara
Tiara is a self-expanding mitral bioprosthesis specifically designed to treat mitral valve regurgitation (MR) by replacing the diseased valve. Conventional surgical treatments are only appropriate for about half of MR patients, who number an estimated four million in the U.S. with a similar number of patients affected throughout Europe. Tiara is implanted in the heart using a minimally invasive, transapical transcatheter approach without the need for open-heart surgery or use of a cardiac bypass machine.
The Tiara valve is currently being evaluated in 2 ongoing clinical trials: TIARA-I—an early feasibility trial in the United States, Canada, and Belgium—and TIARA-II—a European Conformité Européenne Mark Trial in Germany, Italy, and the United Kingdom. In addition, patients have also been treated under compassionate programs in Canada, Italy, Germany, Israel, and Switzerland.
Unless I mid-read the ads, I thought they were saying that the Z’Regenerative Market’ will be 38 Bil (notCMTH). CMTH is in s good position to capture a sizable % of that market. How much, I don’t know.
That said, I agree with your logic. At 20% of Market share (7.6B) and 3 Bil OS, we are still looking at $2+ pps. Which I think, many of us are going to be happy with.
JIMO
Ps. I’ve been around since last Jan, making it 15 months.
I’ll wait s lot longer to see it through.
I also completely agree with every thing being said. It used to have a multi-Billion dollar potential, pre-Chris E., but now, I am not sure. We have to let the MGMT get things back in order, get financials - which are going to be ugly- in order, law suits with Chris E. in order, etc., etc., before we can truly fly. I’m hoping that the mgmt will put out a pr or a ‘k’ to give us the details when they launch the Beta version. That’s what I’m waiting for and that’ll be the true beginning of the steps towards the true potential of PTOP.
So, patience. I’ll wait and see.
Lots of people, even longs, are getting frustrated and sensitive/touchy. I agree that the management could do a better job with communications but, we can do better with our patience too. I know that I got into this because I believed in the technology and the management. Nothing has changed that.
So I’ll continue to hold Long & Strong.
Copy / paste from Twitter. Just FYI
In case you missed Elias Said, MD, FACEP's Tweet
@CaverStem
Thank you for sending me more Kits. Additional order is also in-thanks for your overnight delivery.
I think it has great potential. Once they launch the beta version, and fix the bugs, big companies will be all over this.
This could also be to increase the Value for a potential buyer?
As a follow up, I was disappointed by the actions by the previous management, which significantly delayed, and drained the funding needed for, the development of the software.
I believe, now we are on the right track, but it is going to take a lot of patience and additional funding to get this done.
Again, JIMHO
Hi Cody,
Did I miss something? Where is this Pharma connection coming from? Can you help me understand?
That said, from my understanding of the original scope of the software being developed is based on utilizing ‘Block Chain’ technology, basically opening up access to all kinds of customized (by user/seeker) connections - people, services, products, etc. in the most efficient way possible. This can be used by/in any industry or professional environment.
For Pharma world, I can see this useful in identifying smaller companies for acquisitions, tracking clinical trials, business development, r&d centers,etc.
Thanks why I invested in this company and holding and waiting.the usefulness of this is unimaginable and I think a company like Cisco, may be a good co. to buy us out.
All IMO.
I remember that post. So far, nothing on the ‘Rumors, Murmurs & Buzz’ has come true for me. May be this will be time? ??????
Some serious buys. Someone knows something?
Hi fellow Longs,
I’m wondering if we, the true longs, can form a company, combine our shares, and get a seat on the board?
Just quietly, watching, wailing and thinking.
L&S - and I bet there are more like me there/here, who are quietly watching and waiting.
Hello longs,
I agree that this has to be a B/O type of scenario - (purely based on the fact that the insiders are holding 80% of the shares as preferred shares - which cannot be converted into common shares easily or quickly as another long had suggested - please correct this statement if it is wrong).
My question are:
- ‘what is the timing for the B/O?’
- ‘What are some of the events that will trigger a B/O’?
TIA
Thanks. This is where my head is as well. Orie thinks the pre-R/S pps should be 0.005. I think, one option is that Orie could cancel R/S because the shareholder are less than 500, set the new pps at 0.005 based on revenues and contracts, and tell MMs to hold or increase the price. Then have a BO at 0.005 or 0.01.
My wishful thinking.
Thanks HK. So, loss no matter what? Unless the ‘agreed’ price is different (higher) that the last public pps. Is there any chance that Orie would offer a higher price to acquire the last few shares?
Got a question - what happens if Orie takes this private and I’m still holding my shares?
I ask this because not all of us need to sell to give Orie the majority rights to make unanimous decisions.
Correct. Value of a company is independent of number of shares. Pps, however, is based on Value (some people say it is the MC) and # of shares.
I am hopeful that NVCN realizes their true value and, with app 50 mil shares, give a pps of $15 a $20.
I believe that the true value is significantly higher, but..........
People have not said this in a while:
“Release the Kraken”. (Imagine Liam’s voice)
Ooooo! It’s about to happen
Agreed! This going to move fast and in the right direction over the next week and beyond
Neovasc Announces Agreements to Exchange Outstanding Warrants for Shares
NASDAQ, TSX: NVCN
VANCOUVER, March 12, 2019 /CNW/ - Neovasc Inc. ("Neovasc" or the "Company") (NASDAQ: NVCN) (TSX: NVCN) announced today that it has entered into exchange agreements ("Exchange Agreements") with the holders ("Holders") of all of its outstanding Series A common share purchase warrants and Series E common share purchase warrants (collectively, the "Warrants") issued pursuant to the Company's November 2017 underwritten public offering and concurrent private placement (the "2017 Financings"), respectively. Pursuant to the Exchange Agreements, the Company will issue an aggregate of approximately 496,237 common shares of the Company ("Common Shares") for the surrender and cancellation of all of the 58,381,846 Warrants outstanding (the "Exchange") on the basis of 0.0085 of a Common Share for each Warrant. Upon completion of the Exchange, the Company will no longer have any warrants outstanding from the 2017 Financings.
Fred Colen, CEO of Neovasc, commented, "We are delighted to be able to continue our stepwise approach to clearing the remaining elements of the 2017 financings."
The Company is relying upon the exemption set forth in Section 602.1 of the TSX Company Manual for the issuance of Common Shares under the Exchange, which provides that the Toronto Stock Exchange will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange, such as the Nasdaq Capital Market.
The Exchange is expected to be completed on or about the week of March 18, 2019, subject to satisfaction of customary closing conditions.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
That truly describes the conundrum!
Thumbs up!
Love it ! Thanks.
Understood and agreed!
Execution by Orie was terrible. Comms was even worse. Does that mean the value of what a company is offering any different? This is what I am trying to figure out.
As an investor, what do you or I do? I have 2 options, right? Stay or leave?
So, all I’m trying to understand, and learn, is - what to do? And more importantly, why?
When the announcement came, and the pps dropped, I had the choice to cut my losses. But, I (reluctantly) balanced my thoughts and the potential long term outcome and ... ‘doubled down’.
May be there is another lesson for me to learn ....... and it will come in the future.
But, if I remember correctly, his offer for 0.005 was wayyyyyy before all the recent stuff. So, did Orie know that we had/have to go through all of this wayyy back then? I’m not sure!
So, as you point out out, without having visibility to the detailed plan that Orie is executing, I have to believe in the long term returns based on actions today. Or cash out - which I’m not ready to do yet.
After my long rambling - I think my thoughts are that I wait, and see.
Holding for the next .......??
Hello HK et. al.,
My novice thoughts: (novice - emphasized!)
1. I believe that there is s need for the service being provided - ie. I believe in the product
2. I believe that Orie has taken an action in the interest of long term protection, growth and benefit of the company and the shareholders (longs).
3. Being a positive cash flow company, I believe the pps will reflect the true value of the company - in 2 quarters (+/-)
4. If /when there is an acquisition, the pps will adjust upwards - as long as the OS stays steady.
5. The increase in AS is usually a tactic used to prevent ‘hostile take overs’ or for ‘acquisitions’
6. While I cannot (do not want to) judge the $5 for 8 shares, we have (most/some) lost money in the market. This is Orie’s way of cleaning up the past mess - pre Orie.
7. Based on the above, I believe Orie is preparing for the future.
So, all I know, again from the above, is I need to have patience and wait. Can I?
I will admit, as I have posted before, that I do not understand all the requirements of the type of offering Orie is proposing.
I do have 1 question - if we go through the RS, will the offering of 0.005 change to 0.05?
Thanks and, while I may receive negative replies, I look forward to constructive criticism to educate me.
I have doubled my position and waiting to add more.
Thank you for letting us know. My deepest condolences and heartfelt prayers go to Dr. Ma's family and friends.
Hello Longs. I saw a couple of Caverstem ads on Twitter & FB pages of a LA based magazine ‘Blade’. They look great!
I don’t know how to copy/paste those ads, but thought Longs would be interested in knowing that progress is being made.
L&S.
Thanks HK.
It does make sense to change the ticker and start a new era. I’ve been in COHO for about 6 months and I had always found Orie to be dependable. Recent events may look bad in the short run, but I am inclined to believe that this is part of a bigger plan that, like u and others, I am trying to understand.
I have more than doubled my position with 3’s and 2’s. And I believe, simply based on the offering at 0.005, that even if we go through the R/S, we should be ok in the long run.
That said, I wish I knew what Orie’s plans are because I think the e-waste business has s lot of potential and I’m planning to be here for s long time.
Thanks, again, for your response and I’ll keep watching, asking and learning.
Ps. I think what I said in #2 can happen with or without R/S.
IMO
Is it possible that :
1. The only way left for Orie to get rid of the ‘single digit share holders’ if by R/S of 10-1? This way, no partial shares will be given out and the cash equivalent of the ‘single digit’ shares will be deposited in their accounts and bring the # of share holders to < 500?
2. After R/S, ticket change, acquisition of new co., increasing the Annual revenues by $7mil (plus what ever COHO is doing), Orie can set the pps of new ticker at a significantly higher price than the R/S? Thi would represent the true value of the new co.!
Just thinking.
Thanks big. Wow! Something ‘exceptional’!
All I can say is WOW! I think u r right!
Wait and see!
Any idea or thoughts on the Beta Launch? March is here.
Makes sense! I’m with you and I am willing to help bring the number down by one more - to 552.
Thanks for your reply.
Not bashing, but trying to learn and understand.
If what u r saying is true (IF), would this be a way to also by-pass the shareholder voting process? I understand the cost savings, but would this give Orie and the Board to make decisions without getting input from the rest of the shareholders?
For sure, this would allow the Board to make quick decisions and move significantly faster.
Again, not bashing.
Thank you.
My understanding is that they (Orie) are trying to reduce the number of shareholders to less than 500 and do a 10-to-1 R/S (most likely to get rid of some of the share holders) to enable a potential acquisition.
Not sure what the acquisition has to do with number of shareholders or the pps. That’s what I am missing.
Usually, acquisitions are based on company value - not on number of shareholders or shares.
So, I’ll continue to look for answers and learn.
Thanks, again, to all who answered my questions.
I’ll keep holding.
Yes! But the value doesn’t change (assuming the pps post R/S hold). So, what is the advantage of going from 0.0002 to 0.002 pps? O/S will go from 2 Bil to 200 Mil. So ........???
I’m missing something.
As I read the regulations, the only advantages of having less than 500 shareholders if in ‘streamlined’ paperwork and not having to ‘audit’ financials??
I’m definitely not understanding what the big deal is. Orie can move faster?
Please help me understand.
Thanks
Can some one explain what the Reg A filing is and how this (& having less than 500 share holders) help COHO and us?
TIA.
Waiting for periodic update/info from mgmt.
That’s all. Quietly holding Long!
L&S
If there is a buy out, you may have a problem! You may have to sell at a higher pps to recover costs! Ha Ha!