It's nice that you know us so well and yet you are so wrong about us.
A couple of folks here with a similar mindset to my own actually speak to Mr. McNally on a fairly regular basis. They tend to coordinate calls so they aren't all badgering him at once, and the caller gets input from others in advance to ensure viable talking points are discussed to the extent possible. Of course, numerous topics cannot be discussed, but our concerns can be addressed to the extent possible.
I still email Mr. McNally and Mr. Randall periodically; I have only sent two such messages this month and a couple of my points were addressed in the Shareholder's Letter two weeks ago - maybe they were added as topics because of my letters, or maybe they were going to discuss them regardless. That doesn't matter; the point is that I do communicate with them as I see fit but not is such a manner as to have my communications overlooked or ignored.
To spend hours per day phoning them or writing them would just get me placed on their Ignore list.
As for your pumpers and dumpers comment, that also is incorrect. I have yet to sell a single share of this stock. Having spent decades in the medical device field, I understand the technology and its value, and that is why I am invested in this company. Not because of management, nor will I sell because of management if I disagree with them. At times, I have shared my disagreements both via direct email and also publicly on this board. Many of you will recall the letter writing campaign which I spearheaded a few years ago and numerous iHub posters participated in. Maybe it was motivation for the management change at that time, or maybe that change was in the works. My point is that I am not afraid to air negative comments publicly. Their web site went down for several days and when it re-appeared, there were no updates of any sort.
I was quick to air my disappointment publicly. To me, that is just being fair and honest, not pumping nor dumping.
I still work as an engineer in the medial device arena. This does not afford me the opportunity to spend hours per day badgering management over trivial details. When something does appear to me to be significant enough to pursue, I will pursue it with them. Otherwise, they and I all have better things to do with our time.
You commented on the management option price of $.88 and noted that it means the price must be going lower. Completely illogical. Why would anyone issue options with the intent of them not being in the money sooner or later? Your argument on this is completely baseless and senseless. Unlike some other posters on this board, I know that you are capable of much better than this. Hell, you even spelled "laissez-faire" correctly!
As for your estimates on a buyout price, you either failed to look at the technology and the buyout prices for companies with comparable but inferior technologies, or you are intentionally posting such mis-guided "information" with hopes of further advancing your profits from the activities you claimed to be doing to gain 10% this morning. One cannot overlook Medtronic's history of fair-value acquisitions, especially under Mr. Martha's watch. I would reasonably assess your buyout estimates and being off by a factor of 20 as an absolute minimum, but most likely substantially higher.
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The problem with you longs is is that you spend minutes if not hours out of your day waxing at great length about the speculative potential here.
If you were truly concerned about the stock performance, you would be spending hours a day phoning Stephen Randall and David McNally. It is quite clear that the nice relaxed and laissez-faire approach does not work with this group.
Their phone needs to be ringing off the hook day in and day out. If the MDT deal is as good as 66 Mustang, roll guard and big T, not to mention the newly converted Rocco taco espouse, then the stock performance being under a dollar is inexcusable by any standard.
The problem is this at these folks are not just pumpers but they are also dumpers. They understand the trash management that we are all dealing with. Notice that their posts tend to pick up when the stock price tanks. Then they pump the hype for a while and ride the slide back down.
True longs would be nipping at the heels of management day in and day out. For those who are excusing a NASDAQ traded company not updating their website to reflect recent news of two months ago laughable in the extreme. Are they not trying to attract investors with the most up-to-date information? Wanton Incompetence!
I was wrong about the Wolfpack pumping it up this morning. But since this is a trading stock and I am a nimble trader I was able to short the stock for another 10% gain within half an hour at the opening.
Management awarding themselves this many options at $.88 is clearly indicative of the share price going lower.
Wake up! If this does get bought up it’ll be the carcass that gets bought it for 100 to 300,000,000. Max! It’s going to get a lot worse before it gets better
AI
