Earlier we discussed: Why merge with xmdc?
We have already discuss the matter of past negotiations, the payday of shares instead of paying good money to try and get and ipo in the states, and the possibility of an easier patent approval. I think we will all agree that xmdc is simply a shell with available shares to transfer to Bioharp. We are not an S&P company. We are not a conglomerate with offices throughout the world. So why on earth would Dr. Lee and Bioharp want to merge with little old us?
Imagine spending 14 years creating this device. Devoting your life to getting this amazing technology into the palm of your hand and being successful. No doubt they have devoted millions of dollars to get this far. If it was all about the money for the Bioharp team, do you really think this is the field they would have chosen, or the path? Now they have to decide, spend millions more to get an ipo in the states or catch the eye of someone who already is in the U.S.
We don't know who has come knocking on Bioharp's door. Maybe some of the medical device makers on the Dow or Nasdaq. I don't want to suggest names, because I am simply speculating here. My guess is that a man who has devoted 14 years of his life on this beautiful baby, didn't want some guy in a cubicle cold calling medical clinics to try and sell item #412b on page 143 of his companies catalog. He wanted someone who believes in the product, someone who has passion for this device. Someone who would put everything else on hold and devote years to be able to sell this product. That sounds like our CEO.
To be crude about this Dr. Lee and his team wanted a partner. They didn't want to be treated like a whore. Handed a handful of cash and shown the door.
This is just my opinion, I have no way of knowing the motives of Dr. Lee and his team. I simply tried to put myself in his shoes for a bit. I hope I didn't bore you. Good luck with your investment and thanks for reading my thoughts.
