His thoughts after thinking about the conversation with Mike:
By: Baton
22 Dec 2009, 01:18 PM EST
Rating: Rate this post: Msg. 336 of 336
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My Impressions:
After talking to Mike yesterday, I've been thinking about the company and the direction it is going.
Mike has basically done everything he said he would since coming on board. He probably did not know the poor shape the company was in until he had been here a few months, nor did he anticipate the severity of the economic downturn. He has made several difficult decisions regarding staff and now has his people & plan in place.
I expect him to execute as planned. My prediction (barring a plunge back into recession)is that it will be a very good year. I expect him to get several small fund managers interested in our company. Other areas besides pharma should also begin to grow. The reinvestment in international sales should begin to pay-off. I expect earnings to grow and quarterly profits to increase. It won't be that hard to get the stock price up to around $2.50 or higher if the company performs.
Getting the stock listed will be a big challenge, but it is doable at some point.
I've been patient and will continue. I expect that patience to start some payback by mid-year.
Send stock manipulators to: enforcement@sec.gov-and to jail.
