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Re: FrankLind post# 165

Tuesday, 04/29/2014 10:11:18 AM

Tuesday, April 29, 2014 10:11:18 AM

Post# of 348
Harrell's sale was on an options exercise, so I'm not too concerned. Per today's 13G, it appears the shares were picked up by Harvey Poppel. Poppel acquired 551,500 shares in the recent offering and now holds 1,235,650.

Management indicated on the last call they weren't preannouncing monthly distribution figures. I would assume the quarterly revenue preannouncement is discontinued as well. It will always raise some near-term questions when a company stops preannouncing, but they've reached a revenue scale where this is unnecessary.

I agree with your general concerns surrounding management communication. There has been a lack of positive PRs (e.g. Quest deal), lack of clarity surrounding significant events (e.g. LDM settlement), errors in their filings and websites, and in general a failure to tell their compelling story to potential investors. This may be largely responsible for the continued share price weakness even after the Vicis buyout and bullish 2014 outlook. To their credit, management has been transparent and forthcoming when asked, and has hosted quarterly calls earlier than most at their stage. I expect communication will improve with the hiring of a CEO this year.
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