TS03 Inc Trust Units TSTIF

Eye on the ball

[Blue_Sky]

Being awarded the 510K clearance for the duodenoscopes is a good start but we are nowhere close to out of the woods yet...so to speak. Ramblin, despite 22% of the shareholder votes being withheld for your board nomination like it or not we are stuck with you (on the board at least) for another year. With that said there are few things that matter for you. A few key things that you need to spend all of your time on. If you can deliver on the following then maybe, just maybe we can all agree that you have done your job as the CEO of publicly traded, growth company! 1. Re-negotiate this deal with Getinge in the best interest of the company and its shareholders. It would appear that given all of the claims on VP4 we are now in a position of strength to negotiate better terms. If a deal cannot be done with getinge in the best interest of all stakeholders then move on. the stock is suggesting there is no deal with Getinge at present anyways. A great CEO would have 2 or even 3 backup plans (partners, distribution channels) by now. 2. DO NOT, AND I REPEAT DO NOT TAKE EQUITY AT THESE LEVELS. This is basically the nail in the coffin for your 10-year gravy train if you dilute shareholders down here. There are a number of ways to finance this company. If your capable CFO can't figure out a way find someone that can help (preferably not a broker). DO NOT ISSUE EQUITY DOWN HERE!! 3. SELL, SELL, SELL. Hopefully you have put in place a capable team that can get some traction. Hopefully now given 510K for duo's traction is turning into $$'s. Don't micro manage these people, let them do their thing. Focus on points 1 and 2 and let the sales team do their thing. 4. Have that very capable CFO of your cut costs where he can. if he can't cut it find someone who can. If you follow these very focused steps and can execute on them this company will start to be properly valued but not until all of the points above are dealt with...in a timely manner.