When you submit a device for FDA approval, anything BUT FDA approval can't be considered good news. That said, I'm still VERY confident that FDA approval will come to CTGI. The team that submitted the application is just too good to have it turn out any other way.
With regard to EU revenue, my understanding is that CTGI currently has approval for the generator. They are still waiting approval for the handsets. I believe both components are necessary for the procedure.
As for the delay in FDA approval somehow being good for CTGI.....this is hard for me to see. I only have to ask myself what if CTUM gained approval in October of 2007? Today the PR's would potentially be about revenue and training, and the share price would reflect the potential that these PRs portend.
Waiting is frustrating for all uf us, but unlike us, DR is still busy while he waits. Beyond approval, what I hope to see is a blitz of PRs in the weeks following approval about the rapid expansion of LTC.
IMHO, any price north of $1 a share is a bonus in this pre-approval time. I've waited 3 years, never really tempted to sell any of my 100k shares that Cornell made possible at .04 a pop. My current sell order is at $12.50.
