Hi Guys:
My son helped this somewhat incompentent tech guy sign up
for Ihub ATRS message board.
I might have signed up for this board a long time ago when
Yahoo got especially messy and forgot what my user name was at
that time-
So to prove I am the real Tappy -
Rymonkoly at the Ritz - BASV88Atty at the Italian restaurant in
Sarasota - and JAB congratulating ourselves on my son and his
nephew joining (not the world's oldest profession)- but in my
opinion - the best.
For anyone new here - I will copy a post I made on yahoo
showing how I became involved in ATRS-
-----------------------------------------------------
When a Physician friend (a great doctor and one of the smartest investors I know) and I first discovered (then) AIS some years ago, we met with Jack Stover (the CEO) to learn about the nuts and bolts of the company.
It was a long meeting and (while nothing was discussed at all concerning "insider information" or "selective disclosure") he explained to us, in detail, how to interpret some of the public information and what the company was all about.
We found a company with platforms of very fine technology and
some good early partnerships - But it was a company with problems:
Among which were very large burn, no focus, to many projects, etc. etc.
(and except for Bob Apple who is an exceptionally fine and respected executive and CFO with a history of success - a management team that needed improvement)...
We thought it was similar to the fable of the starving Lion who came upon a huge feast in the Jungle - so many choices - and while he was trying to decide what to eat, he starved to death.
WE thought this could be the fate of AIS.
But we bought some stock and kept the company under a microscope.
As they solved their problems and brought the company into very sharp focus we bought more, and more, and more stock.
SUCH AS:
No discredit to Jack Stover - But when the Board brought in
Dr. Wotton; that is when we increased our positions significantly.
One very decisive thing Dr. Wotton did, early on, was to sell the future Gel technology to Ferring - which eliminated a large distraction and a great source of cash burn. (ATRS retained all rights to existing Gels).
I loved that we dumped the AMEX for NASDAQ.
The Pfizer deal bought, as major a player as there is in the Drug Company world, as a partner.
The increased institutional ownership - especially by OrbiMed - who I credit as the smartest investor in small phama in the universe - increased our confidence.
The secondary stock sales (which many highly criticized) I thought were perfectly timed and strategically necessary to give us the ammunition to take the company to much higher levels, and give us a war chest to meet all of our objectives.
NOW with our second transition - first from an R & D company with no revenue and a large burn - to a successful licensing company with world class partners and a growing and sustainable revenue stream--- ATRS is undergoing this new transition to a Specialty Pharma Company (and with a first product that most applaud as brilliant) and this will give us control (of both marketing and
news) - a far larger ownership of revenue generated - and a nicely higher price to earning's multiple in the stock market.
When Dr. Wotton and the Board brought in world class people for the management team like Jack Howarth (who I believe is brilliant in dealing with the institutional and analyst community - and who, as you will see from his resume has been involved in several firms being acquired with a very large win to their shareholders) and LeRoux Jooste (who's credentials are extraordinary).
ATRS to me was no "tip" and is no gamble - is no risky investment -
Rather an investment accumulated over several years - adding whenever the company eliminated a problem and/or took steps to bring the company to a new and higher level.
I almost wish ATRS was a private company, in which we owned a percentage; because I am not immune to the frustration of shares that drop in value from time to time -- and as a private company the focus is on value and not some lowered artificial share price that the market assigns to a stock --
(although if the shares, upon our initial purchase, had gone straight up, we would have had a nice profit, but on a greatly reduced number of shares).
But knowing the company as I think I do - I am confident that they made all of the right moves in managing the company -- and I made all the right moves by becoming very heavily overweighed in the stock.
ATRS is a winner - and the winning will come very soon - at the very least a doubling of our share price this year.
GOOD LUCK
AI
