Did someone say the lack of FDA regs was helping sales in the space? The market already priced in an expected revenue decline based only on cv and they(you) didn't get it.
I'll ask you the same question you asked the cv board. Now that CW hasn't shown declining revs, will you consider that cv's issues are only cv's issues?
I rather have company spending cash on aggressive marketing when there is obvious fight for market share. Now it's the time to be aggressive and secure the position of the leader in this space. What do you get from cash sitting in a bank and doing nothing when you are managing company at development stage. Just ask yourself if this truly what you would like management to do.. keeping cash in a bank and keep growing aggressively. It takes money to make money. It's that simple. Also 140k sq.ft facility that expends production by x10 is not going to get built for free. They are building for the big future NOW instead of complaining and blaming competition for poor sales. I'm totally standing by this management doing all right moves. The time is NOW to get ready for next big move. CVSI drastic drop in sales from last year quarter is worrisome imo hopefully management is going to wake up and do some changes before they will disappear..
Pay attention what company is spending money on.. CW doesnt have to outsource any steps of their buisness which is very important for maintaining outstanding margin and they manage to continue to have gross margin above 71% while CVSI not only sales dropped but also their margin as well.
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