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What do you expect? Commission is a variable cost, which varies with revenue. Did commission as a percentage of sales went up more than revenue as a pecrentage? I beleive the main problem is the G&A expenses and mainly the rent that went up. I am hoping by having more revenue, margin will contribute more to the operating profit. Any thought on that?
Yes turu, you need to have growth to attract money and investors. So why this company can not attract investors? And that is the question for this new investor guy.
Only one day fairly high volume trade and that is probably because of the newsletter mailed to the existing inestors. I wonder if they are also distribute to perspective investors!
Can you explain how price of the stock does not change with over 235,000 shares traded? On the other hand, with less than 5,000 shares traded, price of the stock drops 5 to 9 cents? I just don't understand the price movement of this stock!
I don't know who is out there selling his/her share at such low prices! I still think the MMs are selling to each others!
I used to feel the same about the CEO, but I totally lost my trust on his ability in shareholder building. How could he let these market makers to mess with his company? How far they can take this share down? Why can't he promote his company to institution investors at this rediculous price? He hired a new person to take care of the investors relations, what the hell is he doing? Why no one in the company buys shares of the company including CEO? If I were him with such great future outlook, I would go private, buying all the shares outstanding. Why doesn't he communicate with the shareholders?
Looks like you have not been able to find a fund source yet! I am in the same position.
Still morning, but you have not bought none! So why don't you sell some so I can buy it.
Have you talked to the new hired IR, Taj? Wasn't he hired to promote the stock to the institutional investors? I can't think of anytime like this for institutional investors to invest in the company. I imagin he knows a lot of investors and have no idea why he hasn't been able to attract them into this stock.
Contribution margin of 80% is well understandable but I do have some confusions on their fixed costs. Their administartive expenses keeps going up! Have they reached their max level of fixed expenses? Using existing facility, can someone explain what should be the company's yearly revenue to break-even? It seems to me that they were at the quartely break-even point last quarter. Am I right?
What is the company's prediction? Does anyone have any contact with the CEO?
I still don't understand what is going on. With such a positive and impressive news stock price still keeps going down with little volume. Demand is not there and I wonder why? Is everyone waiting for the price to drop to 65 cents and then jump in? I wish I knew this stock's behavior!
Why don't they choose equity financing for growth rather than debt financing? Equity financing in my opinion will give the company more credibility. Any comments?
Anyone can tell us please what their strategic options are for the growth? Is CEO talking about generic growth or acquisitions? If acquisitions, is it related to existing producr and client base? Why are they trying to diversify if there is still room for growth in the existing produt line?
I hope that divorced lady is done finally selling all her ZYXI shares! Unfortunately it was just a bad timing that she decided to unload her shares. I wish I had more cash to accumulate more. What I mainly like about this company is that it has a positive cash flow, no debt and a strong CEO who owns over 50% of the company shares. This company has a great opportunity to grow. It is currently growing at least 50% a year. If you know another company that has a strong balance sheet and a strong CEO, please let me know.
These MMs are nasty. I have placed several orders like 2500 shares at 0.63 but they don't show it in either LI or LII. They are just accumulating shares from paniked people. I hope evey one understands what is going on.
I am aware of one individual selling due to personal/family issues over the past 3-4 weeks. That combined with the lack of buying keep the stock at these low levels. Since Thomas has stepped up the IR efforts, they keep talking to a lot of people, including many institutions. So I am convinced that the awareness of the stock is there, but only few want to take a chance and make an investment, when there are thousands of other companies to invest in without class-action lawsuits. No matter how weak the case is, it is a quick 10 seconds decision to pass on this opportunity, which in many other ways looks like it's undervalued and has a lot of upside to offer.
I think the best thing that the company can do to create shareholder value is to get listed on a better exchange such as the AMEX/NYSE (on top of continued good performance in daily operations..). I strongly believe that the liquidity issue can be solved by just creating more buying interest and the company needs to get the share above $2 in order to apply again for the AMEX/NYSE listing. I still feel that the one thing that is holding the stock back the most is the class-action lawsuit, which may well become a barrier to getting an application at AMEX approved. Although, the lawsuit is going to be difficult to overcome, but they may also look to SEC's investigation of the issue and see that the SEC gave the company a clean sheet (correspondence filed on SEC's web-site under various date as "upload").
I have learned that there are only three small, individual investors in this class-action law suit. We need to convince the three people who have signed up for class-action to ask their attorney's to drop the suit. Then the lawsuit could quickly get dismissed and everyone could move on.
I appreciate all of you hanging in there as a shareholder and hope that Zynex's efforts and performance will soon reward all of us with increased value.
Intana owns 2,588,589 shares in a master account and 246,134 shares in another account for a total of 2,834,723 shares. One year ago they held 2,725,869 shares in one account and 258,683 shares in another account for a total of 2,984,552 shares. They filed 13G schedule last year. Sometime during the past year they must have sold a total of 149,829 shares. They are still a significant shareholder which is great.
Did you all notice that only one market maker, ARCA purchased almost all 69,809 shares today with 1.10 a share. Was that a short covering? It seems that there was only one person or company interested in buying today. Any comments?
Well said LF. I am convinced to stay long with the stock. By the way what do you think of snen? Last quarter, EPS was 0.44, but the MMs with little daiy volume taking the price down every day. I have been watching this for sometime and I am thinking to jump in. I thought to get your view on that befor I do that.
Yes ZYXI
I would like to hear your opinion on annual revenue projection of $100 million. When do you think the company would achieve that level of revenue? My own projection is in year 2010. I will hold on my shares until we reach that level of annual revenue. I hope that happens sooner than that so I can get out and invest my earned cash somewhere else. I am assuming that the company will have better than $50 million revenue in 2009. Please make your projections.
Thank you LF. I am still convinced that you have complete knowledge of the industry, competitors, suppliers, customers and its substitues products, and the company's internal situation. I also have big holding in AYSI maily because I invested in the company based on the information provided, not the stock itself. I am not going to keep my shares. I am sure it is going to rebound but to be honest with you I thought you sold your holdings of AYSI and that is why I was disapointed. Now I feel much better and I am glad you are going to feed us with some more valuable information soon. Thank you.
I did not ask for a response from you. This is a credibility issue and I want him/her to respond please.
Can you please tell us where you have been? Why don't you post any more in AYSI site? Can you be a little honest? I was counting on you!!!
EMPI was a business unit of DJO. When DJO merged with ReAble Therapeutics on November 20, 2007, its stock seased trading on the NYSE on that date.
Thank you for the explanation. My understanding is that typically Dr.'s and therapists dispense a unit based on the patient needs,rather than checking what type of insurance, Medicare, Workers Comp, Auto,Anthem, United, Cigna, Aetna, TriCare, etc. they may have. Later, when the sales rep visits the clinic to pick up the Rx's they see the damage, and the
paperwork all needs to be faxed to the company before they have all the records and then later the company can recall the unit from that poor patient, alternatively offer the patient another unit that would be covered instead. I hope this helps.
We have passed the requirement stage by now and we will soon be in the AMEX. If that does not happen on friday, I beleive we will be trading in AMEX next week.
The company's IF devices are great units, probably the most effective device they have. As it was indicated in the release, they are discussing future changes to coverage on several product types with Anthem that the management hopes will be helpful to the company, Anthem patients and prescribing doctors in the future. The company does not see any other problems on the horizon, other than the daily slew of claims being denied by insurance companies and their efforts and predominantly success in winning all these appeals every day. The Anthem issue only relates to certain devices out of many that the company carries and has more to do with a dispute over the quality of clinical studies published in the past than anything else. Ofcourse, they will continue to talk with Anthem about these issues.
Hay Cleverrox, I am holding on my AYSI shares. I learned my lesson, I have not lost anything until I sell my shares. In fact, I am buyer below 90 cents. By the way, what do you think of ZYXI? I sold all my zyxi shares below $3.50. I am trying to get back but it does not come down as AYSI has. I personally think it does not worth more than $3.50. What do you think?
I never understood your position with this company. Like me, you also made a mistake by selling your ZYXI shares and switching to AYSI. Are you swiching again? If so can you tell me which company? Can you share your excell worksheets for the projections?
LF once again I respect your knowledge of the industry, general environment and the company. But it seems that the stockholders not only have no desire to add to their holding but trying to get out. I hope I am wrong. Unfortunately the management does not have any sympathy to the stockholders. I don't have no clue how to maintain loyalty for the stock in so much uncertainty in the financial, economical and political environment. We need some good news soon. Can you please open up some communication line with the management team?
I still have held some ZYXI shares and I am thinking of selling them and buying KBR share. I have not done it but I am thinking about it. I know the company is in different industry and has a slower growth rate than ZYXI. My reasoning is right now there are so much great opportunities in the stock market to own value stocks such as KBR. I like their cash positions. They can use their cash to buy their own shares or acquire better growth companies. Again I do not want to do comarison, but the question is which one is undervalued? I think KBR and I will not buy more ZYXI shares unless it reaches $2.
KBR has over $1.8 billion net cash and its market capitalization is $2.5. That implies cash over market capitalization of 72%. In this market we all know that cash is number one factor for sucess and I am using this as a comparison for ZYXI. Looking at its last quarter the company reported $0.28 per share profit. Right now it is traded at $15. This means forward PE of 13. ZYXI reported $0.06 per share profit. Using forward PE of 13, ZYXI does not worth more than $3. Keeping that in mind, Zynex medical does not have a lot of cash and depending on loan money for growth. My question is which stock would you like to own? KBR at $15 or ZYXI at $5? Any comments?
LF are you losing your faith on AYSI? Remember many investors bought this stock because of your knowledge of the product and having a faith in the management of the company. People are carefully analying you to see where you stand on this stock. I remember you have said over and over that you keep buying and have never sold any of your AYSI holding. Can we trust you?
I still don't understand who the sellers are! If the board members are supporting the stock, they would not be in the ask side! With much regret, I sold many of my ZYXI holdings at much cheaper price and bought AYSI, and since then, it started going down and has not yet stopped the down trend. We need some good news.
littlefish it seems to me that you have lost your hope with this company. Are you realy buying or selling? I should admit that I trusted you because of your knowledge and your connection with the firm. Your connection with the CEO is not there anymore. I wish I had never trusted you and listened to your opinions. I keep averaging down but it looks like nothing positive about the company is there. What happened to your leadership in the board?
I called my broker about the new symbol. She said there is a reorganization in the symbol change to NYXI and we might be able to do trading sometime late today. Are we moving into AMEX or still we are going to be in the BB? Any reason for the change?
That was a great help Tackler!
Can any one tell me what this company does? It has an excellent cash position, but no revenue! All I noticed was expenses and deficits. By the way what was the reason for stock price increase today?