SHC 0.00% 2.5¢ sunshine heart, inc.

starting over with new trial, page-7

  1. 33 Posts.
    So... All current trials are off due to expense and very slow enrollment. Fully implantable is not ready. Cash til the end of the year, maybe. Proposed new trial still has drive line, but on a temporary basis, so patient will have to deal with it for less than 12 months. New trial and implantable C-Pulse still on the drawing board.

    Plan is to wait to raise funds after share price magically rises, or possibly with some other arrangement, such a partnership. Based on the past three years, the share price ain't gonna rise. The only hope for SSH is a partnership or buyout, and the terms of either will be less than optimal, due to SSH lacking any kind of leverage to negotiate a deal. Assuming a deal even happens. SSH is desperate, and shareholders are screwed.

    I think patient resistance to the drive line, even a temporary one, will still be a major obstacle. Fully implantable might work. SSH should concentrate all of its resources on getting fully implantable ready and forgo any further trial until then.

    I am very disappointed that the shorts seemed to know all this months, if not years ago, and longs have been kept in the dark. Management "strategy" of non-communication has certainly not helped the share price and has truly undermined my confidence in this company.

    I'm still holding, as my losses are so huge at this point that selling would be next to futile, but I am no longer bullish.

    Hoping for a miracle, be it a partnership or buyout or whatever. Feeling like a tool.
 
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