STRU update from Investor Relations...
Here's an update directly from Investor Releations. A reminder, please do NOT call IR with questions that are already addressed on this board or on the company web site. I ask this out of courtesy, as they are somewhat overwhelmed at this point.
Total shares is 250 million - about 60 percent of which are RESTRICTED and being held by the company. (long story, but related to the ousting of Ron Struthers and the reorganization that followed.)
Total float - including 504 share offering is 57 million!
Major competitor (DeKalb) has stated that they are 3 to 5 years away from commercialization of this process that STRU is taking to market RIGHT NOW! And, "even if the competition catches on, it will never catch up."
KEY TO REMEMBER that STRU has the TOTAL PICTURE. Not only the PROCESS, but also the rights to the PREMIUM HERDS!!!
Company has set aside some shares to pay promissary notes if necessary. BIG POINT - These promissary notes are not even due until 2002!! So, the stock may not even be needed to pay them, or - if it is - it will take FAR LESS shares by then than it does now.
STRU has the surgical procedure down to about a 5 to 10 minute prodecure. Ongoing R&D to be able to accomplish this procedure by using a catheter - which will be quicker, less intrusive, cheaper, etc. So, STRU is NOT resting on their laurels!!!
LONG on STRU, my friends!! |
