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VCR - Ventracor Limited

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Do you not think that the improved implant rate will cover costs going forward ?
My impression is that the tide maybe turning and profitability becoming very close providing implants increase at a reasonable rate.
 
Lucky_Country said:
Do you not think that the improved implant rate will cover costs going forward ?
My impression is that the tide maybe turning and profitability becoming very close providing implants increase at a reasonable rate.
Click to expand...

That's certainly the sales pitch at the moment.....

But they have been saying these types of things forever..... I remain skeptical, think of it this way, why would you pay an enormous amount for the device when compared with an actual heart transplant....... I still think the fundamental premise is flawed. But hey, I'm no biotech man!

Cheers
 
Sounds like you dont know why VCR is a chosen product.
1. Heart transplants are not readily available.
2. The device saves time in the hospital bed after implant.
3. Surgery time is also reduced
 
Lucky_Country said:
Sounds like you dont know why VCR is a chosen product.
1. Heart transplants are not readily available.
2. The device saves time in the hospital bed after implant.
3. Surgery time is also reduced
Click to expand...

No, I was aware of these factors.....

Based on the half year, I get a cost per unit at around $125,000K AUD. This is obviously exclusive of the surgery to insert the implant....... Somewhat minimising your marketplace don't you think? Ah, we'll see, I just think that they have a habit of never meeting their deadlines and will have trouble raising money in this market if they need - not a good risk/return prospect for me....

Cheers
 
Lucky_Country said:
Do you not think that the improved implant rate will cover costs going forward ?
My impression is that the tide maybe turning and profitability becoming very close providing implants increase at a reasonable rate.
Click to expand...
I was in this one from the very early days and thought that maybe it was a good thing to stay with. The price was going up nicely and they had new issues which seemed too good to turn down. However they spend money like there is no tomorrow and keep you thinking there is light at the end of the tunnel when they may not have even built the tunnel. The stock is so diluted now that even with reasonable success I doubt if much room is left for a half decent return.
That's just my opinion but having been bitten by it I have no inclination to treat it as anything but a dog. The product is probably OK and the directors and staff will probably do well (have done well) but I doubt they have any respect for the wishes of the shareholders.
 
I cannot deny I have been very frustrated with the progress it seems too have taken a hell of a long time and the sp has suffered because of this.
VCR now have DT and BTT trial approval along with CE Mark approval they are implanting in India and have over 20 hospitals recruited in the US.
Hopefully as the device gets used more and more familiarity will increase implants.
Success rate is 82% so its pretty reliable just feel now maybe a good time too see things moving in the right way.
 
Another good day so far fundamentals have changed on VCR.
Just hope its a sustained run not a pump and dump.
Maybe good news on the implant rate coming ?
 
Lucky_Country; said:
Another good day so far fundamentals have changed on VCR.
Just hope its a sustained run not a pump and dump.
Maybe good news on the implant rate coming ?
Click to expand...

Notes :-
1) in Aus, Europe and USA the cost is reimbursable from either medical insurance of National Insurance (UK), so cost is only a factor if there is a competitive situation.
2) the big win is the destination market - e.g. those too ill to even be considered for a heart transplant. It is also the biggest market and increasing each and every year. The 'novel' clinical trail that VCR have started in the US MAY ( and I use the word guardedly) allow a faster trial than their competitors. Crosby (CEO) claims a patent, but then Crosby claims many things, and yet dumps the stock at 33c - nice man.
3) IF VCR can get the destination approval they are seeking a year or more in front of their rivals then i actually think they can make serious money.
4) Unfortunately it looks (my view) that they will need even more funds to complete this trial.
5) Bottom line (again just my view) is that VCR is a complete punt on a medical device that has yet to be proven in the commercial marketplace.
6) Why the volume yesterday - who knows, day traders or some genuine information out there about to pop?
7) Enjoy the ride -for it will be exciting.
 
What is this story about? I have a small number of shares in Ventracor and become dismayed when I read stories like this. Has anyone else here read this letter? Can someone send the letter or post the contents here, or advise what it is all about? I think 2.5M is too much for a CEO of a company which has made <$0 profit!
 

As I said in the previous post Crosby claims all sort of things including business travel at $350k PA -Do you know how many trips to the USA or Europe that is? Well at say $10k a trip (short notice booking) thats about 35 trips. Now based on a 52 week year less 6 weeks holiday / other leave that's almost 1 international business flight per week.

I have to ask you Mr Crosby, WTF are you doing? Maybe flying to Delaware to check on the house there, or maybe a business trip to France so you can check on your Chateau - yes, unless recently sold, Mr C likes to spend time in semi-rural France, and yes he does own a Chateau there. Hm... of course there are lots of business reasons why the CEO should be traveling to France.....

This travel sort of raises another question - as a qualified pilot is MR C charging for his own flights at commercial rates? I guess the board would approve this if less than a commercial fully refundable business ticket booked at the last moment????

You know you can pay $700 for an economy ticket for a 1 hour flight if booked late. Is VCR by any chance funding Mr C's light plane so it is available at short notice? Now there is a thought.

What say you Mr C? Are you ever going to do the right thing for VCR, apart from lining your own pockets?
 

Can anyone confirm if Mr C's wife is resident in Aus, or is she still in Delaware. This may account for some of the excessive travel, in which case the Board is to blame for signing off on it and allowing it.
 
VCR SP continue to head south to 23.5 cents today. I have been following this stock for a while now. Anyone out there think it is good buy? How about the saying Buy Low and Sell High. I have got burnt in VCR before but never seen this low price. Very attractive and tempting to buy 100000 shares and sell when it moves a fews cents up. Any suggestions?
 
Seems like the implant rate is not gaining any mommentum.
Peter Crosby is not well liked and many want him replaced and the sp is reflecting that.
 
Results announcement tomorrow.

Fingers crossed that they surprise the market (positively) with the number of units sold!
 
stock_dexter said:
Results announcement tomorrow.

Fingers crossed that they surprise the market (positively) with the number of units sold!
Click to expand...
They couldn't have produced enough to have sales that would give the results necessary to make me happy with VCR.
 
Capital raising will be required to continue with trials until end 2009 start 2010 when further regulatory approvals are anticipated. Does anyone have any understanding how such capital raising will occur. It seems this is a hurdle to overcome that will take the company into the midst of real gains. I am slightly confident, however somewhat uncertain about the short term future.
 

Hi WCA, welcom to ASF
a post re VCR!! - hadn't looked at their chart for more than a year but was not surprised when I did.
cap raising is often a rights issue to shareholders but can be to sophisticated investers (the bigger punters) or even other - no idea what VCR have in mind though.
were you looking at the VCR chart when you decided to be "slightly confident"??
 

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I have followed VCR for a number of years and very little indicates they shouldn't be successful if approvals can be obtained. I don't understand the share price being so low. I am interested how capital will be raised to take the company through another year while the share price is low. I am confident as I believe there is an opportunity for the company if it can manage to grasp it. I have speculative outlook to VCR but still believe it is a fair bet.
 
I don't hold VCR but it looks like any capital raising will be heavily dilutive to existing shareholders ( 300m shares ) if they need to raise a meaningful amount at around the current SP.
If they have a good story to tell, a placement to institutions/sophisticated investors seems to be their best chance in today's market.
 
One thing that bothers me is the CEOs renumeration is a fair chunk of the value of the company - I think his salary is out of proportion to the market value of the company - they should look at least basing his salary on the SP
e.g options
 
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