Flatlander schreef op 12 september 2022 23:13:
DeZwarteRidder
Why didn't you post more of your suspicions years ago. Rather, you posted vague one sentence comments. I've sold down in past years in order to harvest tax losses and have joked that in my experience there has never been a bad time to sell BCART. Sadly this statement has been true. The scenario you paint was surely recognized by the CFO when he resigned in January 2020. It suggests that in 2018 Verrelst was brought in to Catch and Kill BCART. While I have been accused of being a perma bull, I have pointed out that he significantly increased the head count at the same time the rollout of new assays was slowed way down thus greatly increasing cash burn. Thus far, BCART has failed to deliver significant benefits on any of the major partnerships they have announced in the past. Where are the huge orders of consoles that Nichirae was committed to purchase upon achieving registration? Where is the U.S MSI registration. Where is the updated EGFR assay that sould correct the T790 mutation amplification curve issue. The company indicated that this correction was in the works 2 years ago. Were these just PR announcements with no intent ever to be filled? In the U.S. the Class Action Attorneys would be swarming to get at documents and depose the former CFO. I really want to be able to give BCART management a vote of confidence, but thus far they have not earned it.
Idylla is an innovative device that saves time and moves decision making closer to the point of care. The device is well suited for this current environment, yet the company appears to be managed to be acquired by a competitor for a pittance.
FL