Surgical Innovations Share Discussion Threads

[meijiman] 22/10/2014 11:22

He must be a trifle annoyed about how events have panned out-in fact he must be boiling mad.

[bashor] 22/10/2014 11:03

You have to suspect a fundraising, Chris Rea was sold a pup, is there a chance of him taking this private as a way of justifying his actions

[meijiman] 22/10/2014 10:57

I note this has gone on Paul Scott's bargepole list as uninvestable.
The more you read the statement the worse it gets.
how this tallies with Chris Rea's astute business acumen I do not know.
Unclear as to whether this is a good entry point or is there a fund raising looming??

[bashor] 22/10/2014 09:16

They may have a good product in there eyes but if they are not selling?

Looks like the US distributers can easily wash there hands of any commitment re sales

[mandate] 22/10/2014 09:10

Good point; they are pushing the envelope on 3mm invasive surgery.

[boonkoh] 22/10/2014 09:04

Is that an opinion or a fact?

[mandate] 22/10/2014 08:57

The products are still good.

[cliley454] 22/10/2014 08:55

They have a GBP3 million banking facility from Yorkshire Bank.

[gbh2] 22/10/2014 08:52

"Do they still have financial support "

I've not seen any indication of large share holders running for cover and as long as they keep holding I'm hoping there's a recovery plan somewhere in the wings.

[kenone] 22/10/2014 08:45

I still think that Rea must have known about these issues when he bought in back in June. It has obviously taken a few months to get the board to accept the reality of the mistakes they have made in the past and declare the real financial mess they have got into. He must see a way out - or he would not have invested.

[bashor] 22/10/2014 08:41

"Do they still have financial support "

Very good question, Rights issue just around the corner maybe

[pugugly] 22/10/2014 08:39

Agreed with all of the qabove - save only short termupside if a new beginning. IMO value - save as one of the walking dead untill evidence of real paid for sales (rather than (s or r)and becoming cash flow positive.

Agree re comments on the Independent Directors -

The real crunch question is "Do they still have financial support " ?

[gbh2] 22/10/2014 08:20

The questionable performance of the directors must be close to being fraudulent,
what the hell use were the non-executive directors if they weren't even keeping an eye on due diligence??

[argyle underclap] 22/10/2014 08:11

Ken - that's a very good and very likely summation of the crossroads we are at.

[kenone] 22/10/2014 08:08

So is this the begining of the end, or the final clear out of the bad news and the begining of a new start with the new products with a new management who actually know how to sell ? By Christmas we will either be sub 1p or back to 5p with a new plan in action. No idea which !!

[argyle underclap] 22/10/2014 08:03

I must say that sounds grim.

The near collapse of this co has been nothing short of shocking.

[kenone] 22/10/2014 07:55

You would have thought they could include something positive about future prospects ? Looks grim - how low will we go today ?

[spekky] 22/10/2014 07:32

OMG what is happening to this company.

[jmf69] 22/10/2014 07:21

The bad news just keeps on coming

[gbh2] 20/10/2014 12:31

I waited 10 years to get my money back last time, I'd like it to be a little sooner this time round :))

[kenone] 20/10/2014 10:44

Mine is somewhere between 6&7p. Let's just hope Rea is up to it then.

[gbh2] 20/10/2014 10:36

There's no profit in selling at this price my current ave is a fraction over 5p !

[kenone] 20/10/2014 08:19

Meanwhile,gbh,are you still holding or have you sold out ?

[john148] 18/10/2014 10:06

Interesting entry point. Going to give this one some thought over weekend and see how markets start the week.