Cell-Loc UpdateIt's great to see the sincere posts over the past few weeks by a number of longs on Cell-Loc. Great job: LIONS, ngu, Mr ed, Stockbuyer, aarons, damian666, and all other believers in our company, can't mention you all.
My first posting here. I've never lost a penny in any stock over the last ten years, despite extensive daytrading, investing. If that's any comfort to you all. It's all I believe a matter of habits and a tinge of intuition, and a disciplined sytematic approach. I have NO FEAR.
However, getting to the point, Cell-Loc is definitely at a critical point in its path, in the midst of a slow economic environment with the threat of recession. No more believe in dot-coms in this environment.
The question, then, is what about Cell-Loc?
The facts are clear:
-Fattouche is determined to make his vision work. His money is tied up in it.
-Cell-Loc has a workable technology with great potential
-Austin will launch this quarter with material guidance according to "Tim" who replaces Tammy at Cell-Loc headquarters.
-Cell-Loc has converted to a commerical company vs. a research facility
-Cell-Loc initially was helped into the TSE by CIBC Woodgundy, however, this dwindles, and the change in direction to an American business culture suggests to me many implications that allow realization of the need to complete a management shake-up in Canada
So what's the problem?
It's the short term money crunch that can only be resolved by getting a partner with money and/or in an associated business. Fattouch, of course, is well aware of this. Do not underestimate him. He's adapted to the economic environment time and time again, throwing all shorters of the stock by surprise. He'll do it again. My impression is that, Fattouche has realized that to penetrat the US market, he must adapt his entire team to a very patriotic American business culture. Out with Lew Turnquist and immediate Nortel hopes, as initial ideal enthusiam has dwindled. I would get rid of him also. It's the dishwash that usually gets the deal. He's wakened up. Head for Goldman Sachs, get it on the Nasdac, and where out of concerns.
It's time to put on our seat belts and hold every share.