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That’s my recollection too.
I could be wrong too but I thought I heard the 150 million number at the annual meeting. I believe it was said to be the number after all the fundraising is over.
Timing is everthing.
Hate to break it to you, Fade, but after all stock, options, and warrants, the number of shares will be 150 million. I believe that was the number announced at the annual meeting.
I believe that question was answered at the annual meeting. I think the way they’ve chosen is cheaper and faster. Someone else might add to this. It doesn’t matter now. They have an MOU and until that is over, it’s got to play out. DK did mention that there is a very good relationship that has developed between the two companies. They can always put it out to the other manufacturers if negotiations break down or if the terms are unacceptable (my words; not his). It seems to me that until there is big news and money raising at 25 cents a share is no longer necessary, the price of the stock will remain right where it is. The good news is that this could be a buying opportunity; especially for those that want to lower their dollar cost average.
Trucker, There is only one MOU. I don’t recall that other manufacturer interest in the pump was discussed. I did ask about Mr. Labus. I was hoping he would come to an annual meeting and expound on how different and great the pump is. DK said that he has health problems and can’t travel easily. That’s why he never shows.
If there were durability issues, they probably weren’t completed products IMO. It’s my understanding that the pump meets or exceeds all manufacturer requirements. Therefore, it is ready to be licensed. I don’t believe they are going overseas in “hopes” that the pump passes all the tests. IMO it’s just a question of will the manufacturer pay enough for it, and the exclusivity of it, or will CurAegis have to shop it around. This is not a sure thing until there are signatures on a bottom line. I do like the prospects though. The manufacturer has to look at two things. 1) How much money they would make and 2) How much business they would lose if some other manufacturer has the licensing instead of them.
He said that a company would be hired to come up with a valuation. I think that’s what he did with Pictometry which, (I might be mistaken on the number) was sold for $800 million. I asked if they could start evaluating now. The answer was that it was too expensive to do until there is an agreement to negotiate within 30 days after the test. But, let’s face it, the manufacturer will have a lower evaluation number than we do. That’s where the negotiations really start.
I think the big difference now is that there are finally products to sell. I like the fact that the pump only needs to be sold once; to the manufacturer.
Yesterday I met with 3 other stockholders at CurAegis for a short presentation as to where things are going. DK, and another employee, answered all our concerns. The company is moving forward. Most information was familiar to us because we have been to multiple annual meetings. It really was mainly assurance that things were moving in a positive direction. We all know we would like it to move faster. The CURA System updates were similar to the past. Although there will be an Apple app for their watch in the future (and they are working on it) , the big push is for fitbits and employee use in the workplace. They are very hopeful that the MyCadian is accepted well in the medical community. We talked a lot about the pump. We were shown how it works and how it is better than anything out there. It will be able to be built by robots; making it significantly cheaper to manufacture. It also is smaller and needs less material to build. I asked about the patent on the pump; when it started and how long it will last. It is a solid patent with 20 years of protection; beginning with CurAegis engineering, not Gleasman engineering. That’s the answer I was hoping to hear. There will be more update patents on it in the future. We all know that the testing in front of the MOU manufacturer begins in 3 weeks. That looks good and is on schedule. My personal feelings are that things are moving forward and that there will be success in the future. How much success or when that will happen cannot be predicted by anyone. DK said that anyone with a specific question is welcome to call any time.
Looks like it won’t be going into the 17 cent range for awhile. Someone has a bid in to buy 100,000 shares at 18 cents.
You’re our first responder, Trucker.
Buy, sell, or hold. Pick one of the three choices.
A Form 4 out this afternoon.
I noticed that someone wanted to sell 170k shares at 35 cents early today. They may have decided to dump it all at any price later in the day. My GUESS (emphasis on GUESS) is that it is an estate turning stock into cash.
You guys all wanted an update. As far as I’m concerned, there is nothing to report until signatures are on a dotted line.
I’m assuming it is.
Dino, I just misunderstood what had happened because I read the forms too quickly. I certainly don’t see it as a negative except, as you say, some minor dilution.
After closer observation, I believe you are correct and I was one that was wrong in the purchase conclusion. It was a Form 4 and not an 8k. The price noted was $0.
Maybe Triple g knows.
The list keeps growing. Every 15 minutes there’s another one. Charles Mills has just been added.
You can add Phil Saunders to this morning’s 8k insider buying list.
The Board of Directors sure like buying CRGS. Another 8k insider buying disclosure out this morning.
Here’s the article.
Subject: Sleep Science: In the Era of Screens, Rest is Crucial
https://www.nationalgeographic.com/magazine/2018/08/science-of-sleep/
Lol. No problem. I wish it actually would be all wrapped up in thirty days, but I know that it takes a long time to turn a battleship around in a river. In other words, big corporations don’t move very quickly.
I must correct you, Dino. According to the CEO update in May, the Memorandum of Understanding (MOU) with a “ major hydraulics manufacturer” gives them “30 days after testing to notify us of their intent to start negotiations for an exclusive relationship”. This is quite different from your statement of a 30 day negotiation period.
I guess there’s no need to change the sign.
I agree. But they’re not buying merely to be nice people. They’re buying because they have an idea that this company is going to be successful. Also agree about the pump. Those that I spoke with at the annual meeting were all in agreement....The pump is the real deal. Beats what’s out there by a mile. Unfortunately, we have to wait some more. It’s just the way it is. If they could move the process faster, I have no doubt that they would.
I agree wholeheartedly. When insiders are buying the stock in large quantities, nobody is going to tell me that’s a bad thing.
Yes, Dino. Plus another $400,000 put in by others in the last two months. Very encouraging if you ask me.
8K out today.
Glad to have his support. He kept this company from going under. Also, I’m sure some big corporations are not going to push CRGS around because of him. He’s a good guy to have on your side if a fight breaks out.
Dino, are you the one with the buy order of 33,000 shares at 32 cents?
Here’s your answer, Leitrim. The information is over 3 years old, however. I’ll try to find something more current.
http://www.mobihealthnews.com/37543/pwc-1-in-5-americans-owns-a-wearable-1-in-10-wears-them-daily/
I can’t disagree with that. It’s ok if we make some from the CURA division though.
Great meeting. I think if you never heard of the company until last night, you would be buying stock in it today. They believe the watch has a purpose in the medical field. The app works well and is now selling. There have been 2.7 million hits on their website in about three weeks due to the PR company involvement. DK held up the CURA patent. The pump is scheduled to be tested by the pump manufacturer in late August or early September. CRGS engineers will be there to witness the test. Negotiations to start within 30 days after that. The pump should cost the manufacturer 50% less than current pump. Because of that, in DK’s opinion, billions in their future profits. Yes, it was billions with a B.
Look. What I meant by that the score doesn’t change, is that if I took a nap, it didn’t change the score. I’m sorry I wasn’t clear. Obviously the graph told me what my score would be all day. It changes all day long. The nap part is being changed to allow for a change in the score. Please don’t read more into this than that. Call DK if you have further questions.
Not fact or fiction. Tomorrow’s Friday. Call him up. Do not rely on me.
Sorry for any confusion. Sounds like every has it now.