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suryan

suryan
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  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Dear User,

    As a shareholder, i want to be informed atleast by email, not bury it under a 10-Q. The 10-Q filing is for general public, regulatory authorities and i do not have the time to look at every darn filing for stocks i own. I bet you, even the CEO does not know whats in it- i am sure he must have gotten an email.

    The CEO works for the company which is owned by shareholders. I take this seriously. I own common shares in big companies and they send me notices by mail- so i want an electronic mail.

    This excuse that "oh! pls check our filing is not good enough! they dont give a rat's whatever about us. If patent transfer's are secrets, but detriment to the business, dont i have the right to vote on it as a owner? Company may disagree on this- how about voting on whether to disclose or not? put it to the test-

    I dont trust these "know it all guys"- the share price reflects on the performances of these experts....dumba**es!!!
    Jun 9, 2014. 08:57 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    hmm interesting. dont these patent transfers have to be disclosed? i am shareholder, i never got any notice- this is why being a common holder sucks a%$!!!

    why would you transfer patents- they are the cash cow, more i discuss, more its getting weirder. not good
    Jun 7, 2014. 10:30 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    I think the market is pricing in a dilution now that the stock price has gone so low. I do not think there will be a pent up demand becos we r talking abt new technology. Honestly i don not know if you can have prone anesthetized patient in MRI- i am sure you can have awake prone patient but we are talking about prone anesthetized patient. Thats a very different situation.

    So this is not for the the quickie investor. There are lots of reasons why this may go down the drain and i may be very wrong.
    May 29, 2014. 02:27 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    CEO

    ur right, docs dont change their mind on the morning of surgery. But what i am saying is- when new technology starts people start using it but then reinvent how they can make it better- thats all there is to this cancellation.

    Re disclosure- i am not sure what to think about this. But i want them to think ahead and ensure screw ups like this dont happen. DO they have their act for surgery on the side, surgery where patient is tilted- it will be piss poor management if they dont think ahead and let mistakes happen.

    Speed of cases- These will be baby steps- to have neuro surgeons out of the OR and do these cases like this- they will not take it up easy- this may still take 2 yrs to even start crawling higher, then walking and then running- so lets see. Davinci- ISRG- did not move up for sometime- so same case- or even more tougher sell as surgeons have to retrain, hospitals will have to spend more money, insurance has to reimburse- too many players

    I am patient and hopeful. SO just buy, heck companies with no revenue have a bigger market cap- there is revenues here, awesome technology...
    May 28, 2014. 10:15 AM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    CEO,

    likely this is what happened-
    surgeons used this technology and then realized they would get better access being prone or on the side. This is a real time imaging technology so you can see what are the obstacles to access better and certain times if the lesion is close to the back of the head, you want to access it from the back which would be the shortest route. SO surgeons are demanding to do this prone and cancelling supine cases (pt on their back) which they have now changed to prone access (pt on their stomach)

    I think this is an adjustment issue. Yes the company got 3 more sites, so footprint is expanding. But company needs to prevent things like this- how ridiculous will it be if apple comes and says you cannot use the phone holding it this way or that way.

    BTW why are we on OTC? We should get listed on main index to get more investors. I realize we have to be atleast 1.00$ but we were for a long time above a 1.00$-
    May 24, 2014. 12:38 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Whether prone or supine- these are minor issues.

    Surgical access is crucial- so if a surgery needs prone positioning- the adjustment has to be made. How does the company not see this coming? seriously? they better put the programing for surgery with patients on the side- not all surgeries happen supine or prone- it will be ridiculous if they come back 2 qtrs later mentioning they have to delay more for surgeries on the side.

    I want to know who is in the driver seat- this may turn out to be a great product but clueless management as to how to execute it.
    May 20, 2014. 03:08 PM | 1 Like Like |Link to Comment
  • Mitek Systems Management Discusses Q1 2014 Results - Earnings Call Transcript [View article]
    Dumb question number 1- How much do you make per transaction?
    Now if we know how many deposits (number of deposits not oh we did 150B of mobile deposits- who gives a crap) were done we could do the smart math.

    But its all opaque, and crazy. This is frustrating and if you have cutting edge technology- but struggling to make money these guys are just dumb.

    Banks are powerful institutions- Heck even the government couldnt stop them from charging high fees and card charges. My guess- the banks are low balling the price they are willing to pay for this technology. A strategy could be to bankrupt the company and get the technology for free by swooping in to buy the company out.

    Mitek has no option but to accept these low prices, keep losing money though revenue base is growing and finally go under. As a shareholder, I am angry that these guys have no clue how to make a profit.
    Apr 4, 2014. 11:03 AM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    One caller?? Seriously???zzzzz....n... mind-
    Mar 22, 2014. 08:23 AM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Sorry CEO let me clarify- I meant DBS works but not all neurosurgeons do it. A handful of centers do this. But every center does brain tumor excision, cysts excision etc so there will be momentum in chasing all neurosurgeons rather than go after one small set of neurosurgeons.
    Mar 17, 2014. 10:36 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    The Davinci system needed ppl to be trained with it. Its easy once you get the hang of it- larger resolution so you could see things better.

    i want to see company push into other areas. why stick with neurosurgeons- they are usually a very difficult bunch to change ways- once they are trained and set they dont change much so maybe adoption is slower due to this too. remember this dbs is not something to be inserted becos there is better technology- i want to see them use it for draining cyst, removing pituitary tumors deep in the brain, remove tumors near critical parts of brain like speech or hearing areas- functional MRI is available already and patient brain areas are clearly mapped before digging becos its hard to say with naked eye what area is speech or hearing and what is not a critical area-

    Lets see- i expect them to fall short due to increased expenses eating into revenue- they just had a round of financing- hopefully this is not make up the books look better. want to know cash burn rate- will allow some visibility.
    Mar 17, 2014. 06:29 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Don,

    I am not a scrub tech-

    Awake DBS happens every now and then- its actually unbeilevable. they introduce this probe into the brain and stimulate while asking patient for responses. Introducing probes blind is not easy- i am aware of patient (in another hospital) who went blind becos the optic tract was injured in this blind insertion.

    That apart- CEOs of companies will never say "we are actually pulling our hair and losing our shirts" So i would take their comment on "hospital saving money" with a pinch of salt.

    Whenever you bring out a new technology- it cannot be just better outcomes- it has to be easier to use- Doing surgery in MRI suites is a pain- First of all noise- Has anyone been in a MRI machine? Its noisy as hell- How does a surgeon, assistant and anesthesiologist work in this environment? Patient is asleep but not others- Now newer noiseless ones are coming up- so do we have to wait for a hospital to install this!!! so all this talk about how many hospitals have MRIs is blown out of the water becos existing ones maybe unworkable.

    My take- Why not focus this technology for soft tissue tumor treatment like lung, liver, kidney, pancreas- these organs are always evaluated with MRI not just CT scans. If you need MRI to see them, cant we do something abt them at that point? Maybe biopsy for tissue diagnosis- Currently this happens in Operating room, here you cut down a step, have diagnosis quicker and may have a better outcome.

    Regardless all this need patience. a lot of patience. I dont think insurance will have any issue in this- DO you know insurance pays the same for robotic surgery and non robotic- why would a hospital put in extra 30,000 USD for a robot (that's what i am told the cost is)- i have no clue.
    Mar 16, 2014. 08:44 PM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Thank you guys. As someone who likes to invest, i do not understand facebook and intel. But i have a good handle on medical technology due to my area of work- i work in operating room- know what it takes.

    I enjoyed learning business analysis from you guys so this two way learning is awesome.
    Mar 15, 2014. 09:53 AM | Likes Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    CEO,
    Problem is more hospitals initially will need dedicated sales force- not just some guy off the street- these guys will need to know how to trouble shoot equipment while procedure is ongoing, guide surgeons appropriate use etc. This would take atleast 20 cases in one site where a main guy with an assistant need to be around- after this the main guy could move on leaving the second guy who will then educate the mri techs and ensure this can happen.

    so its a process- what happens if this MRI techs leave and move to another place (happens all the time) they will have to train someone else- company guy has to go back to train the new guy

    so kinda intensive initially- will eat into revenues.

    Hospitals are pinched with affordable care act- They are dealing with so many fires- lack of reimbursement, prevent re-admissions, infection control. All their data is online now- Uncle SAM is watching- The plan is to claw money from bad hospitals and pay bonus for good ones. This is the challenge right now- to convince to buy into this- my bet- the hospitals will buy.

    Another example-Currently they do fluoroscopy guided valve placement- heart valves where millimeter difference will be life and death- I have been there and its crazy how right now ppl ask each other- does that look good? think it's ok? shall we deploy?? seriously?? For sure more heart valve will be placed non invasive ten yrs from now. MRIC has shown technology where you can do 3D real time MRI imaging of the heart- so there is huge potential for this technology there. They were showcasing this technology for heart ablation recently.

    As you can see, there is so much to offer, the company needs to navigate patiently carefully. It would make sense to integrate with big MRI makers so that this system will come in built and then go to hospitals for disposables-

    at 73 million dollar valuation- i will buy it all if i could- gees- what is the market smoking!!!
    Mar 14, 2014. 05:57 PM | 1 Like Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Actually would it not be common sense to use this technology to deliver drugs in many tumours- example breast? kidneys?liver etc- now they are done with xray machines and who knows whats happening- so there is promise.

    However- to ask surgeons, hospitals and an entire team to move to MRI suite- thats a big deal. Davinci robots took 7 yrs to gain traction- they are done in the operating room- so this will take longer.

    What was interesting recent financing terms were done with right to purchase shares at 1.75$!!! which is 50% above here- so i would say buy. just buy
    Mar 14, 2014. 03:17 PM | 1 Like Like |Link to Comment
  • MRI Interventions Could See Unprecedented Traction With Expanded Sales Force [View article]
    Guys,

    If you had any idea what happens in neurosurgery- you will not be surprised. This is a paradigm shift how neurosurgery is done. This procedures gets done in the MRI suite, not in an operating room. There in lies many objections by many surgeons who are not comfortable outside operating room- why? becos- MRI suites are located away from operating room, one needs to have organization- get help, what about if patient bleeds, or if they get into trouble how do they retrieve the situation. WHat happens if anesthesiologists get into trouble? These are too many questions- but thats not to say this technology shows promise- is it better than what they are doing now? i believe it is- but data will appear only after enough cases happen and people get comfortable with the idea-

    It takes time also becos not only do you need suregon who is confident- but the team needs to know whats plan B? anesthesiology needs to get whole new machine becos regular machines are not compatible with mri machines due to magnetic field.

    if seimens thinks its a good idea (recent news abt collaboration) it is headed in right direction
    Mar 13, 2014. 05:23 PM | Likes Like |Link to Comment
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