RE:People seeing % not value So true HTNYC1! I've got another perspective I believe people are missing as well. Please don't run me out of town for expressing it :)
The windfall of the Rexall deal is unmistakable and indisputable. As Steve said "This is the BIGGEST announcement in the history of the company." ....and will surely create substantial revenue for decades to come.
My different perspective is on Kai Medical. Steve has fielded the question of cost at almost every interview ....and it's the one thing that no one addresses because they buy into the notion that once the tests are out for sale they'll fly off the shelves. Steve addresses it consistently by responding that the cost includes shipping in both directions.I'm not sure that alone can mitigate the challege of turning thousands (of tests) into millions.There are millions of much cheaper tests sitting un-used in Canada if not many other places because of the cost of carrying out the testing. Expense matters regardless of whether it's the test itself or implementing it ....particularly for any test that will used for millions.
For me that's irrelevant. Kai Medical was an exceptional company with not enough capital to become what it can and will become. I sincerely believe Steve saw this which is why (as he states) he put capital into R&D immediately. What was the most significant side bar on the Kai Medical expansion NR? It wasn't about space it was about MORE SCIENTISTS. I believe Steve is trying to move Kai Medical to becoming a world class research, product development and manufacturing facility. If you look at the Kai website and see what they were up to before the acquisition and what the potential will be in the future ....it's mind boggling.
This is not to say the Kai Covid test isn't a great test, isn't better than other PCR tests because of the sample type (saliva) and that it's not going to make money but I don't think it's going to generate the revenue some are suggesting. That's okay because the future of Kai, after Covid, looks even more incredible.
I'm long on CBDT ...so if you're going to respond, and I think discussion is great, provide a response that's going to offer me a reason to reconsider.
In the end, GLTA!!!!!
HTNYC1 wrote: Always happens on a bug run up. People look at share price and % rise on the day rather than market cap and potential future earnings. We attracted a lot of scummy day traders the past 2 days as evidenced by that guy earlier on the board. There will be volatility but that brings volume and the trend should be straight up from here with a couple of healthy and quick pull backs along the way to bring in new buyers. Been in since 0.05 and super long. GLTA!