Prying anything out of DR is definately a challenge, as he plays totally by the SEC book.
Without actually quoting him, I believe he has much news on the horizon, which is why I hang with bated breath. To be honest, I'm rather surprised that we have not already heard more from him by now. I assume it is only because he has a sequence by which he is determined to follow, and filings may very well be the first of it, starting with the Form 4.
As I mentioned before, getting back to OTCBB listing should only cost $20K-$30K, I believe, so that may very well be the first goal, which makes perfect, logical sense, for the recovery back to $1-$2+.
Regarding the 3.8M new shares, they were specifically bought from the 'company' for a 'cash infusion' to the company. I did not ask however, if those were totally new, or if they were part of the 6M that increased the o/s from 38M+ to 45M. It's possible that they came from that 6M, which was issued back in December, but may not have become part of the outstanding due to all company assets being frozen in January. A call to the TA might put that question to rest, just as easily.
His tone? LOL! Certainly, MUCH better than what I heard prior to the closing of court case. I'd say he sounded like one who was finally called back to work, relieved to have the suit behind him, and totally optimistic towards the future. Aside from hospital budget paring, I'd say he expects to pick LTC back up right where he was forced to put it on hold for the while.
As we can all imagine, hospitals have undoubtedly either put new equipment purchases on hold, or atleast have chosen to be somewhat more reserved on what they do purchase/lease.
All the more reason to 'push' LTC, and it's several cost saving advantages over the current.
At some point here in the near future, LTC is going to be recognized as more than just cutting edge technology. It'll be recognized as a necessity, for insurance companies in much need of saving money to help keep insurance costs down. Timing could not be better, what with Obamacare and everything being the top of many's concerns.
I can see the signs/headlines now: "LTC Is The Beginning of Healthcare Reform!"
As you can imagine, LTC is sitting in a VERY attractive spot right now. If the spot'light' could be specifically shined on it, by a major advertising/marketing firm, we wouldn't really even need a JV with J&J or any one of the likes. Investment bankers at the right price would be sufficient. Better yet, if CTGI were pushed up to say $3-$5 pps, and 10M new shares sold at that price, we wouldn't even need investment bankers.
So, obviously it becomes a rather quite complex route of choices that need to be considered, made, and carried out, and much more intricate than just 'sell, sell, sell, and runs to the bank"...that is, in order to maximize 'shareholder value and ROI', as DR has at the top of his list.
One thing I CAN quote DR on is, "My fiduciary responsibility to the shareholders'.
Gee, come to think of it, I can't remember the last time I heard a CEO say that to me. Do they still even use that/those words? Responsibility?
Surely not on Wall Street.
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