Well at least we have some news from a poster at another board. It sounds positive to me esp during this down cycle.
By: Baton
22 Dec 2009, 11:04 AM EST
Rating: Rate this post: Msg. 334 of 336
Jump to msg. #
Conversation
OK – I spoke with Mike yesterday. I had called him early in the day and he did not call back until late that afternoon. It was after 7PM EST and you could tell that it had been a long day and he was tired. Kudos for taking the time to return my call. I made it clear that I might be repeating his answers and made sure it was OK to repeat before we started. Since I had spoken to him several times before, I reminded him that I have been a shareholder for over 5 years and that I had a substantial holding.
My big concern is getting the stock moving – both in price and volume. I explained that I would be willing to buy more, but only when I felt that I could sell it when needed without killing the price due to lack of volume. As Mike had stated in the last CC, his plan is to get the company profitable and then hit the street to get investors. He plans on starting in January. I did not ask for details. I told him I thought he needed to give shareholders a reason to continue to hold and be excited.
Some of the specific questions you guys had asked:
MRT – Still early, sold two, profit margins good, price going up.
BOD – He has 10 good candidates. Stock purchase from members not important to him. He wants intelligent members with no buddies in company.
EBITDA profitable this year? Yes
OTHER Profitable area: Pharma is still 80% - seeing some new business from University and energy area.
ASIA – Right people are there, will take time. Recent visit from major company who sent 9 people and spent two weeks.
SWINE Flu – Vaccines remain hot. Mentioned GSK and Novartis as customers.
Q4 Progress. He would not say, but referred me to the backlog numbers from the last CC.
GENERAL Economic climate – His words “We are there” indicating that he thought the company was back and making normal progress.
Other comments:
Mike reiterated that the key is performing Q after Q. He says they are putting a big push on services and that pricing and margins are going up. He said the problem is that the company is just too small. He indicated that we need to grow and that he actually had some acquisitions in mind to help with that. I asked him if the past talk to get on a national listing was just a pipe dream and he said definitely not, that we could go through the ASE to the NAS in time. He ended by saying he was more optimistic than ever and that we had the right people and good leadership. I thanked him for taking the time late in the day during a holiday week.
Send stock manipulators to: enforcement@sec.gov-and to jail.
