Post by
hopefull on Mar 03, 2021 10:11am
Derm Tech & IR
To Insightful: My last thought on this is that the KEY difference between Derm and Mdx is that Derm has built over time trust in the investors to afford them the times when they dont do well the investors dont dump. I did take your advice and contacted Bill last week. I really think you should as well.
Great 45 Min Conversation so i will try to summarize:
1 discussed that mdx needs to try to address the major dillution it has on its hands, bill seems to think this is there number 2 concern.
2 regarding the lack of follow up with previous news releases, bill would like to see more consistent and contiuous statements and followup new releases of progress, he believes will build investor confidence.
3 the lack of large name sales seems to be the biggest hinderence of share price movement, single and mom and pop type of installs dont really generate great traction and Bill believes there is not much time before the investor confidence erodes without announcement of contracts.
4.Bills Number 1 concern seems to be around the lack of marketing which said is been addressed as there are " so many balls in the air at the moment"..... no sure what that meant.
5. he did indicate that this management team is like no other that he has seen as he specializes in entreprenurial companies and gave great kudos to Mike and team.
6. Bill also suggested last week that they are well funded andjcan move forward nicely once they deal with the dillution issue and said Medx is agressively trying to be cash flow positive by years end.
When asked for a prediction of share price ....... well we had a good chuckle.
I encourage everyone to call Bill as it took time to get a hold of him as i mentioned in the past i did finally get through last week. Thanks for the encouragement insightful very eye opening....
Comment by
Rubberband on Mar 03, 2021 10:50am
So was it a encouraging chuckle or not.
Comment by
hopefull on Mar 03, 2021 11:37am
let's just say I'm buying more now
Comment by
Rubberband on Mar 03, 2021 12:45pm
Actually just put an order in for another 60K@.205
Comment by
hopefull on Mar 03, 2021 1:47pm
in. Glad you added to your position. Get them while you can.y
Comment by
hopefull on Mar 04, 2021 9:22am
one last thing I forgot to mention. Bill also indicated the best way moving forward for Medx is for Medx to show more napkin math for deals moving forward. This would give a visual representation of what an investors are missing. Many people are missing the SaaS model and how lucrative it can be.
Comment by
bogeyfree on Mar 03, 2021 12:42pm
Thanks Hopeful! Very interesting and relevant. My favorite point is #5, a good team is so important. #6 is also positive . #3 is what kept the SP around .10 to .13 for too long . We need a big Pharma deal not to go back to these numbers. #4 is also a weak point! Thanks again! P.S. Glad to see you adding to your position!