I won't say too much as we had private discussions but the theme is we know most of what I talked about with them anyway.
I had a hard time believing how much of a powder keg this tech could be and what I walked away with is it is an entire damn ship of gunpowder! The applications beyond pain - tinnitus, overactive bladder, migraine etc the research muscle is through the roof and the pipeline of various applications is enormous. Just the Actipatch alone can be marketed a million different ways.
FDA - should have happened already...our day will come. It will give us a hunting license to go after any application we want. IMO - don't magically expect millions in sales the next Q numbers, they have under 20 people! Give it time. We know the story, share price skyrockets then it slams back 50% then numbers come and 50% more leave...blah blah blah. The difference is now Wall Street could see it and send some cash.
My main question - how do we sell all of this and what method? That's why Keith is the greatest thing to happen recently. Very well connected, motivated and driven. It won't be easy but going through various big pharma programs as a piece of the program is best. Mass education is needed at the doctor level and the quickest way is get the thing on as many people as possible the the results will be overwhelming that it works and the sales follow suit. Consumer shelves model? Not many buy it unless they know what it is, we will get there...
Biggest problem is cash, we all know it. My feeling is once FDA broad clearance then hopefully we get a huge investment from a customer and payoff all the development debt and hire people.
SEC? Don't worry about it the whole thing is ridiculous. Andy spoke in detail about it and he will conquer it. I see zero barrier with this topic. Andy won't let the SEC jerk him around - serious props to him because one thing he is TOUGH.
Bayer? Moving forward...slowly. IMO - our day will come
When are we profitable? I have my opinions. Personally, you would have to be insane or not know what you have to sell any piece of this gold mine.
My recommendation - if you want to know more call them. But don't act like an investor trying to make a quick buck, you will get what you paid for. These are very respectful accommodating people and they will talk to you. But don't go try and do their jobs for them, just do DD and intelligent questions that won't put them in a corner. Don't ask about numbers or timing just learn about the facts and what is developing then go do your own valuation. They don't know the exact value either but the more you know the better you can make your own value calculation.
Glad I went - they even made me lunch! Friday is burger and dog day if you go!
China Cat
