WE ARE OUR WORST ENEMY. To address you question, I read all the comments below.
I jumped in this gold mine this year, and not familiar with all the history.
Anyway, by reading Lasers' comments, he is confirming what I was thinking.
Around May timeframe, Nick needed a $6M money to fund ixcell research, and the Chinese projection to boost the price and make the company profitable. He had to settle for $2.5 per share option with them.
He was more than happy, when the Chinese couldn't complete that deal in Q2. He raised the option to $3.05 or something along that number.
Since then in parallel he cut as much he can, R&D cost. Why ? Because businesses CANNOT show both profit and expansion. He moved the company towards the profit target.
But Why ?
He wants to repeatedly beat target expectation, and after 3 to 4 quarter's they will get noticed, and can get cheap commercial loans.
Why didn't he get the loans until now ?
He want to take the company profitable, and the PPS price range above $40 (IMHO) before getting a loan.
But When can he achieve that?
I listened to his live video, and I do expect we see that number in 3 to 5 months. He clearly states he is capitalizing on both Epicel (the forgotten product, which is now approved for kids) and MACI (Which insurance now covers)
What happens to ICT?
At this point and 52k high, passing $6, he couldn't care less about them (who would give a damn about them, after all, VCEL has the winning card). He is looking forward them to fail their commitments and join forces with a stronger partner, now that he is going with option to borrow just a few million dollars (after the company market cap is over a billion or $40 PPS), from a commercial lender (maybe about 2% of the companies market cap).
Despite no one understanding what Nick and board is doing, I LOVE them. They will make me filthy rich.
Is all the above facts?
No, if other options become available to the company and we can get more profit faster, Nick for sure will entertain those. His goal is to make us rich. He is a good and smart man.
Please pin this post.
The above is my personal opinion, and not facts.
Everyone should do their own DD.
