Flatlander schreef op 25 maart 2022 19:30:
Unfortunately, during the 4 years I've owned BCART, there has never been a good time to average down in S.P. I believe that BCART has met with Cathy Woods of the Ark funds and was told that to be considered as a potential fund holding, BCART would have to provide evidence that the company was scaling up on the way to profitability. Cathy Wood gave a "Real Vision" interview stressing the scalability as the No. 1 thing they look when investing in innovation. A few weeks later Verrelst says BCART is emphasizing scaling operations to become more profitable. I don't think this is a coincidence. But I don't know that they have the cash or the credit lines available to allow this to play out.
As I have posted, my position has been reduced the past two years, mostly for tax reasons. In my opinion, BCART has been late in finding the importance of improving margins and scaling the operations. As the current environment has made clear, a company can't act like the ATM window will remain open indefinitely. I still feel that this is a great environment for Idylla, but I need to see that there will not be more management missteps.
I think the current share price may offer a decent trade entry point, a 510K approval could provide a 8 to 10% pop. Long term the evidence of improving margins, will be imperative for long term success.