RE:Thinking outside the boxno question in my mind old_dog that the 'exit' strategy is foremost in George's mind. To actually mention it in a presentation strongly confirms my belief. George has in the past couple of years mentioned that he wants to spend time with his grandchildren, something that I can totally relate to now that I have four (and soon five) grandchildren and they are completely 'top of mind' for me. That said, George also wants to exit on an extremely lucrative note, and knows he has the tech in his hands to make that happen. IMO, he is extremely motivated to make this happen in the next 12-18 months
old_dog wrote: Toshiba...just a tiny company...NOT...everything that is done today and everthing we do best is done on SCALE.....not 50 units...not 100 units.......10,000 units...or 100,000 units.
I really don't expect George Adams to be running VPT in 10 years. He's an older guy that looks like he really just wants to head out to do other things that he enjoys doing. I really can't say that I blame him. It's all fun and games when your a younger person and you see the ream and start workimg towards it but when you get older the dream sometimes becomes a dreaded dream and facing it everyday wears on you. No I think George is more inclined to get enough units and exposure out there to make VPT the jewel that needs to be taken out by one of the bigger players in the medical appliance/service side. Toshiba could take this over and produce 100,000 units in 6 months with ease. Just the fact that he mentioned BIG players and that he was in talks tells me that this option is on the plate as we speak...it's coming to a number that may be an issue.....When ISG was sold there were 31 million shares...and they were sold for 15.10 per share....now they had a tech that would permit a surgeon to see into an arm for example..this way a surgeon had a better idea of the nerves tenons and any damage....This is the heart....the most intricate organ of the body and they have a tool that aids surgeons and specialist in a way that has never been achieved before. The other part of the story is ISG traded up in the 16-17 dollar price range back in the day.....an now we have a stock that is trading in the 10 cent range...so it's really an issue of what value does a company place on another that wish to be bought when the shares trade for 10 cents. I understand that George may be sitting on 10 million +/- shares right now after the warrants but is he going to take $1,000,000.00 from a sale of the company at 10 cents per share.....I'm more inclined to think that George would be looking to increase that amount ...think about things like income tax....you need the walk away value...So what do you need in your hand to walk away and live for 25 years and live a decent life......$200,000.00 a year????? lets face it that's a lot of money but 20 years ago it was dream money. Today you can find people making this kind of money with ease...think I'm kidding...who's paying for all those homes in BC and toronto.....
So lets do the math....10 million shares....25 years of $200,000.00 per year and income tax...5,000,000.00 for the income....and about 3-4 million for the taxes on the sale of his shares.
So he needs 9 million at least which puts the per share price at 90 cents.....but is it worth more...HECK YES.....Lets not forget that 10 years ago the stock was at $5.00 a share. Now a lot of shares have been issued since then but a lot of refinement has gone into the appliance/equipment since that time and if ISG was 15.10 a share with 31 million shares then we have to be worth at least $5.00 a share at 100 million shares.
The appliance/equipment is equivilent to a lemonade stand when your coming walking out of the desert.
old_dog