Firstly - let me say, THIS NO INTERNET ON PLANES IS KILLING ME!!!
now that I have that off my chest ......
ESCROW SHARES / BL SELL OFF
talked about him selling shares last December and he said "do you want to know why I sold them" ... naturally I said yes ... he said he purchased those 7 million shares 'on market' out of his own pocket "when no other bastard was buying" ... he told the chairman that if he bought them then he would want to trade them ... to which he got approval .... last November he approach the chairman and said he would like to sell them .... he was told to wait until we started the US trail and had full blessing to sell .... I asked him why he didn't to an off market transfer and he said because any offer was at a min 20% discount
at the end of the day we are all here to make money - (my words)
BL told me he has given his Dad an decent parcel and he looked so proud ... I thought that was lovely .... he told me don't worry about the escrow shares .... he's not selling .... some may but there are plenty wanting decent positions
STAFF
As mentioned by Vespa, there are 17 in the office now .. all ex Google and Apple programmers .... they are always advertising ..looking for talented people to join the company
FUTURE POTENTIAL
I also asked him about recording snoring to see if it was sleep apnea related ... he just had the biggest grin on his face .. enough said IMO
Also asked about animals .... kennel cough etc .. he said everything is possible, but said "let's get this market first"
POTENTIAL REVENUE / COMPANY VALUE
now the fun conversation ... based on the US alone and only scooping 30% of the market .... using $5 a go = 150mil .... using a PE of 30 or most in this sector are 40 ... and we're looking pretty sweet .... "if we get 'exceptional' results, (90% or more) we can ask for $10 a go" .... now extrapolate that out and then add in the rest of the world ... and we're looking at big $$$$$$$$ .... oh, did I mention that potentially just in the first year!!!!!! .... this is goes back to my previous comment about an early takeover ... "anyone offering now will just be trying to steal us"
wiseone
Wow! .... lets just say BL is NOT a fan .... BL keeps up with with HC posts and to say that he wasn't impressed with the downramping is an understatement .... if he had his way, he would like him buy back in. .... he feels that strongly .... might have included some 'colourful adjectives' too ....
Think I've just about recapped everything .... just want to say again how impressed I was with BL and his passion for our company ... I also have to say that he was by far the best presenter on the day ... he kicked off about Dr Bones from StarTrack and had us entertained from the getgo ... he then went on to talk about the company and just had the presentation going through in the background ... his voice / persona was enthusiastic about sharing this fantastic opportunity .... "what other company in the history of the ASX goes from listing to FDA approval in 2 years" .... every other presenter just read us the PowerPoint ... pretty much word for word .... they didn't "sell" the story .... I could have got as much sitting at home reading it on my computer
Was also fabulous to meet some other hot copperites
@rockboy @vespa @sew .... it was a pleasure to meet you all ..... ( and just a little giggle on my part when they saw I wasn't a male
... sorry )
Just to also let you know that
@rockboy honoured his promised to buy me a scratchie from a previous thread .... I won 2 free goes! So I'll let you know how I go when I get back from Antartica (sorry Wellington) .... told him it will be a 50/50 share, whatever I win ... fingers crossed
Going to stop waffling now cause the red is tasting good ... no bubbles on this Virgin bomber aircraft