InvestorsHub Logo
Followers 30
Posts 1043
Boards Moderated 0
Alias Born 07/11/2005

Re: bbotcs post# 9777

Monday, 07/28/2014 2:14:20 PM

Monday, July 28, 2014 2:14:20 PM

Post# of 10804
bbotcs....I think the best thing SCKT's management can do is stay the course, increase the number of developers, grow the scanners, try and get some more OEM customers using the Somo, keep expenses bare bones, and bring it all together to pay down debt & get the stock price up (and back on the Nasdaq). As far as I know and hear, that's exactly their plan. Expansion of the Somo with more R&D and upgrades is a risk that they aren't willing to take as you then step into competition with a lot of other (and bigger) companies. They've learned their lessons there. I know when I was at the shareholder meeting last year, the CEO commented on how frustrating it was to hear hospitals say "if you build it, we will buy it" sort of thing and, after they build it, the hospital says "we'll we really aren't sure what we are doing now". I remember hearing the CEO say that they would of done things differently if they knew that was coming.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.