AI
| Followers | 1 |
| Posts | 47 |
| Boards Moderated | 0 |
| Alias Born | 11/26/2013 |
Thursday, April 10, 2014 2:10:34 PM
Murphy gave a nice presentation. I suspect the entire reason for the show today was in response to the general investment community (and maybe some high powered shareholders) showing a little anxiousness. (Maybe it was our child millionaire/prodigy poster here on the thread talking about the technicals and his prognostication...and the CFO decided that snot nosed little wannabe wasn't going to peg the downfall of ONVO, so he retaliated, lol...) So anyway, the CFO truly had his ear to the ground, got this presentation organized and hoped it quelled some fears....The 10K this morning was a bone thrown with just enough meat to show that the ONVO employees are not sitting around getting stoned, surfing porn at work 
My Personal summary (from a LT shareholder standpoint):
There is no reason to sell - and there is reason to continue accumulation. I heard nothing indicating they're hitting a wall in R&D or are changing their focus - as a matter of fact, they seem to have alot of confidence and seem to be expanding their scope.
I suspect SP will continue to drift, pulled by manipulation and the resulting emotion up and down. I think we're 6-8 months off from seeing sustained SP creep upward. So be it.
Later in the Q and A, Murphy noted a $12M annual burn rate against an approximate $50M capital availability balance. So that averages out to 4 years of working capital/Expense. Realistically, I think it's enough to hold them for a year or two and to also cover Production ramp, expansion, ect... I would bet in another year we see some shares issued, but I hope it's at a point where the SP and volume easily absorbs an increase with little impact to the SP...
I was surfing this early morning when I saw the 10K hit. I read it and was encouraged, monitoring the pre-market. Was a little taken back at the lack of strength after the open and was thinking of taking a small amount off the table at 8.50, but decided to wait for Murphy to speak. Got into work and noticed a 60 cent dip...oh well, too late. Doesn't really matter - I have a fair amount already...why get greedy?...
Back to LT hold, will grab some popcorn and watch the jerk arounds on Yahoo fro a while...
Regards
My Personal summary (from a LT shareholder standpoint):
There is no reason to sell - and there is reason to continue accumulation. I heard nothing indicating they're hitting a wall in R&D or are changing their focus - as a matter of fact, they seem to have alot of confidence and seem to be expanding their scope.
I suspect SP will continue to drift, pulled by manipulation and the resulting emotion up and down. I think we're 6-8 months off from seeing sustained SP creep upward. So be it.
Later in the Q and A, Murphy noted a $12M annual burn rate against an approximate $50M capital availability balance. So that averages out to 4 years of working capital/Expense. Realistically, I think it's enough to hold them for a year or two and to also cover Production ramp, expansion, ect... I would bet in another year we see some shares issued, but I hope it's at a point where the SP and volume easily absorbs an increase with little impact to the SP...
I was surfing this early morning when I saw the 10K hit. I read it and was encouraged, monitoring the pre-market. Was a little taken back at the lack of strength after the open and was thinking of taking a small amount off the table at 8.50, but decided to wait for Murphy to speak. Got into work and noticed a 60 cent dip...oh well, too late. Doesn't really matter - I have a fair amount already...why get greedy?...
Back to LT hold, will grab some popcorn and watch the jerk arounds on Yahoo fro a while...
Regards
