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Brian Marckx, CFA  

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  • Medgenics' TARGT Therapy Continues To Show Promising Clinical Results [View article]
    Oct 16, 2015. 08:16 AM | Likes Like |Link to Comment
  • Great Basin's Novel, Low-Cost MDx Platform Quickly Taking A Share Of The Infectious Disease Testing Market [View article]
    See today's (9/1) 8k for the update to the share count. While GBSN press released that they plan to take out the warrants with cash, apparently there's been cashless exercises. So I guess we need to stay tuned regarding what the o/s share count will shake out to.
    Sep 1, 2015. 09:29 AM | 2 Likes Like |Link to Comment
  • Great Basin's Novel, Low-Cost MDx Platform Quickly Taking A Share Of The Infectious Disease Testing Market [View article]
    Stromus, it's seems pretty clear that the unit "investors" were only in it to make a quick buck and dump their common immediately after the break up. Unfortunate that this is the type of "investors" that their IB, Dawson James, deals with. And, yes the market weakness certainly didn't help the situation. But the dilution from the break up - which includes almost 11M from preferred converting to common (4 for 1) was already a given and known that it would happen. So the basic o/s share count is now about 18.5M (although might be higher as I don't know how many, if any series C warrants were exercised between Aug 12th and today).

    GBSN announced the other day that they intend to redeem the series C warrants (~22M common equivalents) with cash - although not sure how many of those they intend to or eventually will settle with cash. Strike is $2.55 so those are way out of the money right now.

    So the break-up was a given and I don't see the massive sales by the preferred investors as indicative of anything other than them looking to cash out. Hopefully the company and their IB deal with legitimate investors in the future.
    Aug 31, 2015. 10:12 AM | 3 Likes Like |Link to Comment
  • Great Basin's Novel, Low-Cost MDx Platform Quickly Taking A Share Of The Infectious Disease Testing Market [View article]
    Jul 27, 2015. 02:56 PM | 1 Like Like |Link to Comment
  • Novel Metastatic Risk-Based Technology Could Transform Cancer Treatment Protocol [View article]
    Thanks much
    Jul 8, 2015. 01:54 PM | Likes Like |Link to Comment
  • Lombard's Unique Stent-Graft Rapidly Penetrating Endovascular Aneurysm Repair Market [View article]
    Hi bello,

    No doubt they'll need more cash, probably look to raise sometime later this year, early next. Current $ should be good at least through end of 2015, likely through Q1 2016. But follow-on raises are figured into my model as they are in other analysts' forecasts. Important is that they are reinvesting in the business and just recently launched in the US and Japan - which are the two top stand-alone mrkts. So the cash is being put to good use and specifically to exploit these high potential markets. What I want to see, and what I think we will see, is revenue, op loss and cash burn improve - look for rev to improve in 2015, look for all to improve in 2016 as leverage from the new sales force begins to take hold. I think this is a great growth story.
    Mar 27, 2015. 09:27 AM | Likes Like |Link to Comment
  • Semler Scientific Looks To Revolutionize PAD Diagnosis [View article]
    Their burn (op and inv) is averaging about $1M/qtr. As of 9/30 cash balance was about $6M - so assume about $5M in cash at 2014 year-end. I model about a similar rate of burn in 2015 and cash flow negative in 2016 as well.
    So I think they will have to raise more $ and possibly within the next 12 months.
    Jan 9, 2015. 08:58 AM | 1 Like Like |Link to Comment
  • Semler Scientific Looks To Revolutionize PAD Diagnosis [View article]
    There's no substance to your comment. Where in the article is the pump?
    You wonder when the PRO SA-er's got this? The article was published to PRO subscribers at about 7am on Jan 7 and went live to all subscribers 24hrs later. The stock opened at $2.68 on Jan 7, hit a high of $3.00 on Jan 8 and closed yesterday at $2.61 - that's down $0.07, not up "a buck or so."
    Jan 9, 2015. 08:46 AM | Likes Like |Link to Comment
  • Rockwell's Triferic Has Zero Clinical Relevance - Sell Ahead Of The Upcoming AdCom [View article]
    Great analysis and finally one about RMTI that is relevant and not the usual pump B.S.
    And I think the author was kind relative to the credibility of mgmt. For example, where's the $50 million in annual Calcitriol revenue that mgmt implied could be expected - and begin back in 2013?
    Oct 29, 2014. 06:19 PM | 3 Likes Like |Link to Comment
  • Tiny Tribute Getting Bigger And Warranting More Attention [View article]
    I met management at the JP Morgan conference in January and was very impressed - in fact that's how I got involved with covering the company. I actually mostly cover med-tech but loved their story and so decided to cover them. My colleague Jason Napodano covers Cipher.
    Sep 4, 2014. 12:44 PM | Likes Like |Link to Comment
  • CombiMatrix Exploiting Growth Of Chromosomal Microarray For Prenatal Analysis [View article]
    The lawsuit is unfortunate but the fundamentals of the financials - that is, what's related to their operations, were very good.
    Aug 7, 2014. 08:10 AM | 1 Like Like |Link to Comment
  • Cardiac Surgery Rapidly Evolving As Substantial Opportunity For CytoSorbents [View article]
    CytoSorb has potential applicability across a variety of indications and has already been used successfully in Europe in sepsis, burn injuries, lung injury, acute pancreatitis, trauma and others - including cardiac surgery.
    The potential total market for it is at least several billion $.
    Revenue to-date has largely been from investigator-initiated studies and follow-on orders - and the company has said that interest, demand and follow-on orders are increasing.
    This is a novel device - so the adoption curve can be somewhat drawn-out - I don't think anyone that has followed the company closely thought that that wouldn't be the case. And, as I mention in the article CTSO's game plan has been to build awareness and drive adoption - which, given the feedback from the company and product sales growth, seems to be working.
    So if you think the company will never break $3M in revenue, your characterization of $71M MC being absurd may be appropriate. I think it's absurd to value CTSO on $3M in near-term revenue given their growth prospects.
    Jul 21, 2014. 09:16 AM | 2 Likes Like |Link to Comment
  • Medgenics Looking To Exploit Orphan Drug Market With Its Novel Biopump Protein Therapy Technology [View article]
    Thanks. MDGN management is highly impressive - you've clearly been in very good company since childhood!
    Jun 13, 2014. 08:03 AM | Likes Like |Link to Comment
  • Favorable Ruling In Markman Hearing Opens Up Options For Zecotek [View article]
    Read my Oct 2013 article on the company - I lay out my valuation methodology and also make clear that a potential judgment in Zecotek's favor is not factored into my valuation.
    May 19, 2014. 07:42 AM | 1 Like Like |Link to Comment
  • Turnaround Strategy Being Implemented At Competitive Technologies [View article]
    I'm guessing efficacy of Calmare and insurers' reimbursement decisions will not be determined by the actions of prior management and the company they kept or by the education of the developer. "Phoney scientist" - haha -why, because you question whether he has a PhD or because somehow you've "proven" that Calmare isn't effective? "Employ ex-cons and ex-FINRA violators" - who's on CTTC's payroll that fits that description? - or is that a reference to prior management and the company they kept?

    As far financing with convertibles - you may be new to the micro-space or companies with lower credit quality - but convertibles are a pretty darn common with these companies. In-the-money conversion prices - yea if that's going to throw you for a loop, you better steer clear of this space. You might get scared with 200% warrant coverage too - but that's also not uncommon for penny stock companies that need to stay afloat. Factoring receivables -yep that happens too.

    So now you think Calmare should have sold itself despite not being covered with insurance reimbursement. But your earlier comments were that the out of pocket cost is too much for patients to bear. So you've again seemed to contradict yourself. You need to be careful about that or someone may question your credibility. Maybe you're new to the med device space too - but ex-reimbursement, particularly for small co's with no marketing budget, devices don't typically "sell themselves".

    Now on the subject of your motives and credibility. Well I admit that maybe I was a bit unfair questioning your motives just because this is the only article that you commented on under this "bearcrusher" profile, that this profile had zero followers and you were following no one.

    And I wouldn't necessarily hold it against you that all of your comments have had an obvious negative slant and your flip-flopping on whether Calmare should or shouldn't sell itself based on your argument at the time. I could even ignore the sarcasm and hyperbole.

    However, I have a difficult time overlooking the (at least) four and a half years that you've been posting similarly disparaging comments about CTTC and Calmare on various websites under various pseudonyms without identifying who you are. Let's see, you've posted using the names "rrtzmd" and "Vaffan-Coulo" on investorshub - and not only have you posted about CTTC on investorhub under those names, you've posted 2,613 times about CTTC under those names on investorhub. 2,613 times!! And I have not found one of those comments to be anything other than negative to CTTC or Calmare of both. But you don't just limit yourself to investorhub or to just the "bearcrusher", "rrtzmd" or Vaffan-Colou" names - you seem to post just about anywhere that you can about CTTC. Your comments under your "rayzmdAKArrtzmd" on previous articles about CTTC on Seeking Alpha are of course similarly negatively slanted. So it appears you've been busy waging a one-man campaign against CTTC for several years now. I'd say that reeks of an agenda.

    And more specifically to your credibility. I can get past the fact that none of your various names that you post under include a bio. But what I have a difficult time overlooking is that when you were asked what your background was on Seeking Alpha you answered (on 10/7/2010) that "I have a MD from Harvard and a Ph.D. in neuroscience from Princeton" but when you were asked the same question on investorhub you answered (on 5/22/11) that "I have a MD from Harvard and a PhD in neuroscience from Columbia". So was it Princeton or Columbia - or neither?? Here's the links to refresh your memory - which seems to be slipping given that you apparently can't remember where you went to school...... (posting as "rrtzmd") and (posting as rayzmdAKArrtzmd").

    Yea that "minor" inconsistency may not play well in your favor in terms of credibility. Ohh, and weren't you questioning Marineo's credibility and his educational background. That's precious!!!
    Mar 31, 2014. 09:07 AM | 1 Like Like |Link to Comment