GREY:TSTIF - Post by User
Post by
Freedm40somthngon Jun 02, 2016 9:05am
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Post# 24926118
More De-Risking
More De-RiskingKudos to Rumble and team - and here's to letting us know about it through a NR!
Rumble continues to de-risk our investment by sticking his neck out that he will have shipped 50 units by June 30 or over $6M of product. We just can't ignore that the orders are coming in for these things! The demand is there, hence his decision to get the Quebec plant ready. Nice to see timelines being met, production is not a science, outside contractors miss deadlines, new equipment needs to be delivered on time, its easy for things to slip yet Rumble told us Q2 and now is done in Q2. Regardless of other opinions, his team is establishing a track record for meeting goals within his control. Unfortunately, the over analyzing (while letting people die) FDA is out of everyone's control. I'm confident that Rumble knows (from his previous 5 years getting VP4 approved) how to navigate the FDA mine field and has gone on records saying he would have extended claims by H2.
He also starts the clock again on the FDA review and probably has re-tooled production (part of the upgrades now complete) to allow for pass-thru assembly required for units shipped to Europe, which is imminent.
GLTA - the risk/reward on this investment is one of the best i've seen.