Well, here we go again…..
As always, these comments are my interpretation of the teleconference. They are just my opinions from my notes, for whatever that’s worth...
Yesterday’s conference call wasn’t a whole lot different from the last one. Mr. Stambaugh reviewed the recently released 10K and reviewed the New Delhi situation. The business model remains unchanged; focus on the 15 largest CRO’s, continue to work on the carrier deal(s), 15M financing for commercialization, and operational preparedness. They hired a new CFO. This individual has experience at Deloitte, pharmas, auditing, and consulting. The search is on for the two new board members. Stambaugh is very experienced with governance, and will recommend board members that fit meet the needs of the company and its governance requirements going forward.
In the end, here’s what I took away from the meeting; Larry Stambaugh appears to have excellent vision and I think he is executing HIS plan. This guy is very well versed, and communicates very well. He seems to run at a very fast pace, and he expects his people to do the same. He seems to know what he wants, and he won’t settle for anything less than that. His experience includes raising 350M. He added that this is a very tough time to raise funds, but that they are gaining traction. He still hopes to announce his carrier shipping agreement, financing, and customer agreements on the same day. (wouldn’t that be like hitting three grand slams in one game?) As Larry Stambaugh appears to be very focused, and has a history of success, I think that he will be able to accomplish this. Unfortunately, I don’t have that crystal baseball, so lets hope he swings hard when he gets up to bat.
GLTA
