Hi Scratch, I do not log into ihub much anymore so I just saw your post. Here is my take:
If you objectively look at the situation, the most important piece of data in my opinion is that Mr. Chan and his family own around 90% of the shares and they continue to fund the company without any toxic dilution month after month. Think about what that means, they are paying for salaries, operations, and everything else like the cost to keep the company listed and audited. They would not do this if there was not a clear path to not only recover their investment but to make significant returns. They could just as easy let the company go bankrupt and take it private to save a ton of money. Those facts are more important than any speculation or opinion in my book.
Secondly, I have never come across as many emotional investors in my 20 years of investing as this board contains. The lack of due diligence, research, and understanding of ALRT and the diabetes market is frightening. The people who complain the most understand the least, and even those who are long and still believe in the company don't seem to understand diabetes in humans or animals. I'm not going to get into it again, but the animal health market is genius, there is no competitor in veterinary medicine, the only alternative is a human CGM that has to be purchased from a pharmacy that has software and readings meant for humans making it extremely difficult to use for cats and dogs. The human health market approach is also genius, not only does ALRT have the only clinically proven diabetes management platform but they will undercut Abbott/Dexcom with a low cost CGM.
Lastly, the delays and lack of new releases recently... Based on the previous PRs and the email responses posted it seems very clear there was an issue with the original manufacturer so they redesigned the CGM and switched to a new manufacturer. I'm not a CGM expert but 60 seconds of googling how a CGM works will tell you they are highly specialized medical devices with enzymes, membranes and electrodes and my research shows they are made with custom built robotics so I am not surprised it is taking so long if they are to reach a scale capable of supplying the US and EU as they talk about.
I don't need monthly updates from the company on what is going on with manufacturing or anything else, the slightest bit of common sense tells you they are doing everything they can to hit the market as fast as possible because unlike shareholders who have unrealized gains/losses, the company is spending actual money every month to keep ALRT operational so they are far more motivated than any of us shareholders to become profitable. Insides also hold more shares then any of us so they only make money if we do. To think any shareholder has more invested or wants success more then ALRT and the company insiders do is beyond foolish. If we get news in a month, great. If we get news in a year great. I don't invest money I can't afford to lose and anybody who does should not be investing at all. I have 100% confidence in the future of ALRT regardless of how long it takes.
FYI, if I do not respond in the future it is nothing personal, it is because I do not use ihub anymore since there is no useful information posted. Be careful of the company you keep, that includes online in social media and message boards. I don't associate or even read messages from complainers who wallow in self-pity. They will do nothing but bring you down in life and should be avoided at all costs. Charlie Munger use to say people like that are more dangerous than alcohol and drugs and I wholeheartedly I agree.
Bullish
AI
