Anthony,
I really don't want to get into specifics about our business plan and any sales projections. I can say that we have hundreds of qualified sales leads from our trade show presence at RSNA. There are many sales prospects from my business friends and contacts as well as existing customers. These prospects and contacts are the base from which we will actively work to close prospects, most if not all are only going to close once we recieve FDA approval.
Financing has been already set up as we have many offers contingent upon FDA approval, which range from
$5 Million to $50 Million. The terms are not set as we have to see the PPS impact upon FDA approval, but we will work for the least dillutive deal. Ramping up production will be tough in the first year, but not as tough as many people make it out to be. I have tentitive agreements on the manufacturing side to assist in the ramp up both here and over seas. Luckily the system isn't that difficult to produce and many of the major components are off the shelf.
As I have said before our current facility, though relatively small, (10,000 sqft), can house production of roughly
10 systems a month perhaps more. We plan to expand our production facility and have several sites already prospected for this as well.
There has been a great deal of speculation about a great many things on this site and yahoo's board. I will no longer speculate on the timing of FDA other than we hope to have approval soon, define soon as you see fit. The FDA does not have a two year limit on approval, that was just the language the SEC required for our SB2 filing. As for answering those who choose to bash myself or this company, sell your stock! Thats the beauty of a public company, there is a market for your stock and you aren't forced to hold it.
Lastly, the stock I've been selling isn't hurting anyone but myself. If you've read the current filings I cannot recieve stock in return and must carry this as a non-interest bearing loan. Meaning no dillution, only my stake is lowered, UBS trading has not impacted the stock price, in most instances when they do trade the PPS either remains stable or goes up.
I check the boards often and if there is a question those on this board cannot answer, I'll always do my best to reply.
Dean Janes
