Hello David -
This why I bought SNRS. 1st they own the patent for the treatment they are in process of getting approval from the FDA. The process, as I understand, required to get such a patent requires 3 years. VISX is the only real competition for the treatment that SNRS is getting FDA approval for. And as I understand, there are no patents pending by individuals or companies in the hopper (please correct me if my DD is incorrect).
Result 1) Pending FDA approval, they have a 3 year head start on similar treatment/s and given the speculation of a less expensive, more effective, final product than VISX; this is a very appealing proposition.
Let's build on this: SNRS was able to attract and attain a chief scientist for the development of this technology who considered VISX 1st. THE entire management team was rebuilt and continues to attract "what's in it for me" real passionate PROFESSIONAL PIT BULLS.
What To Worry About: FDA APPROVAL. Impending law suits to slow down market penetration and acceptance (A standard business tactic). (IMHO) That Swiss Report was a sampling of a discouraging tactic. However, expect more of the same... nature of the beast thing.
What to be Pleased about: VISX's growing success and demand, only paves the way for SNRS....
Which reminds me that APL-9 is the ASCRS show where the unveiling will take place.
Finally - Why did I buy SNRS, back in March of 97 for less than $1.5, and again in OCT-98 @ $4.5 then again in Dec-98 @ $7.
I was told this story (from a source I respect and believe in) that I have just shared with you. And each time before I purchase more stock, this simple story is pretty much the same. However, what made the story believable then as it does now are the people behind SNRS; The Management Team. I looked into this and learned all of them come from winning professional backgrounds. Leaving very safe, profitable positions to take on this project. If you didn't know, SNRS only offers 1 product. It's all or none. This management team literally has put there collective professional ass on the line. They have much more to lose than salary or stock performance. This statement in itself left a strong impression.
About a month ago I made a visit to the new location. Everywhere I looked (I was given an informal tour) everything I heard, even the beverage counter for visitors had "buying this stock was the right thing to do for me"; written all over it. Like I said: for me.
I want to be clear that hyping this stock is not the intention here. I simply am sharing the road traveled in taking the risk I have chosen in buying SNRS.
That ties all the loose ends.
I hope this gives you a perspective of some value. And I hope the reason you choose to buy SNRS or any other stock is based on findings from "your" proven resources.
|
