Saverio, I will be phoning Guidera today. I don't know how candid their going to be about their relationship with MRI, but it would be interesting, to say the least, if they were the ones who decided to stop promoting the company. This is what I want to find out.
As far as Rob's "new approach" to starting dialysis clinics... did they not give this any thought before they started. Did the question of cost and acquiring existing clinics not come up during their discussions on their approach? From what Rob told me, I was under the impression that the dialyzers were already installed. He even went as far as to tell me that the clinic was "all ready to go", and the only thing holding them back was getting a qualified person in there to perform the procedures. If that was the case, that would mean we now have a clinic in Toronto just sitting there to this very day.
I even asked him about the cost involved in opening these clinics, and he told me that most of the expenses have already been included in the existing expenses that they've been disclosing in their past reports, so the cost is not going to affect the year end results. No kidding!!! Because their aren't any costs, and their aren't any clinics!!!!
I also questioned him about the regulations surrounding visitors to a dialysis clinic. He denied ever saying it. He told me that the reason he didn't want me to visit the site was because it's very embarrassing for some of the dialysis patients to be seen on dialysis. What a crock.... At the time that I was requesting to visit the site it wasn't even up and running!!!!!
No, I don't think Rob's word means anything to me at this point. In fact, and with all due respect, Saverio, because you're still trusting Rob's ability to perform honest, ethical business, without furthering your DD on this company, but rather, defending them, and waiting for their financials (which have never done anything for the stock in the past - no matter how good they were), even after this disclosure, my trust for you and your investment ability is diminishing as well.
I am not, by any means, suggesting that this company not be trusted. What I am suggesting is that further diligence be executed and trust be based on the new findings. Based on conversations to date with Rob Talbot, trust between the company and myself has become extremely questionable. Further DD, NOT Q reports, is paramount at this point.
I repeat, financial reports will not satisfy or build my trust in this company in anyway (I have just received the financial for this year to date). Only further investigations as to the actual activity of this company (including: assets, liabilities, promotion, contracts, and clinics) will make or break my trust and be the deciding factor as to whether or not I stay invested.
I'm not here to ride the hype created by promises and good looking financials. I know (being in business for myself), as Warren Buffet knew all too well, that what is on the books and what is in the bank can be and often are two completely different things.
Marty |
