What has anyone done differently? Mr. Barker led the charge last fall to find the new upper management team. Mr. McNally's track record of successful products (successful in their marketplaces and successful for their stockholders) should muster some faith in his ability to execute, as should his record so far with Titan, having a plan and meeting the milestones while rebuilding part of the team and getting them up to speed as well. Mr. Brar, old guard, but who wants to argue about his ability to execute? He didn't win an "Everyone gets a trophy" trophy; he won the "Only the most qualified person in his field gets this trophy" trophy. Marketing and Business Development? Planning stages; can't market and sell a medical device without FDA approval so they haven't had a chance to show us their capabilities in full, but two of the three have substantial history with Intuitive, and Intuitive has sold a lot of product, so maybe they have a clue about how to do that. Much of the stuff that went by the wayside was for Amadeus.
An entire device went by the wayside to make way for a sleeker, better device that isn't just an also-ran trying to mimic the established technology from someone else, but something relatively revolutionary and better on so many levels than currently marketed offerings.
While noting that we are down to $.09, that statement has a few flaws. I'm seeing a bid of over $.096, almost 7% higher than the $.09 you stated, and that ignores the bid of $.126. Both figures are pre-market dreamers and have little to no basis in reality. And the bid just came up to $.1061 anyway.
There are things we could validly complain about, but I think the list you chose is a little light on validity. As much as you seem to be trying to spin these things to the negative side, there are more optimistic ways of looking at those same "facts".
Please don't interpret this as a personal attack; it is not meant that way. I am merely trying to show that there is a different way of viewing the same basic points and it doesn't have to be all bad. As I have stated before, I certainly share everyone's frustration but most of that is really just due to share price and dilution, which are largely beyond control of us or the management team. It's hard to say for sure who is to blame, but blaming the old management team is just arbitrary venting which reduces people's confidence if they don't do their own analysis. And blaming the current team doesn't seem to have much merit, as they have said what they plan to do and so far, they have been doing it. And that's what they have been doing differently than the old regime. Any goals that weren't "hit" on time were tasks for which they have completed what they needed to do, and the lawyers are tying up the legal language before making the announcements.
