Ann: Additional response to articles in 'Margin Call', page-207

First 207 Last

Share
Profile

Follow
bar

1,009 Posts.

175

10/03/25

23:36

Post #: 78207349
Share

Originally posted by strangelogic: ↑

SR is highly qualified - he was recruited for the job based on that. SR did not need to do this. He knows the medical markets in Asia better than any of the board or other senior staff. SR also knows how things work in the US and Europe.

SR's has helped the company make progress in India. People have unrealistic expectations of how long it takes to enter such a large country with so many jurisdictions (50) and disparate health services. I have made comments on this before but as we know approval to sell does not translate to sales automatically.
We have seen signs of traction since SR came on board with various significant hospitals and healthcare networks. The team has been getting into the medical community in India and we have started to see papers from clinicians. The current most common approach to many injuries and burns in India is do nothing as the costs are prohibitive. PNV needs to change that mindset - no small task..
This is how it started in the US and Europe and we know how long that took to get traction. Even with Ed G dedicated to the sales effort in the US.
I am afraid this momentum in India will slow for a while now as I truly believe that SR was the champion of this market

SR has run the day to day captaincy for things like the new manufacturing expansion, the R&D streamlining and refocus for Hernia and Breast, and the rehabilitation of the DFU trial to get it back on track.
There was also the matter of creating more product options to meet the demand in non-burn applications with MTX and BTM. This change to more small devices is what caused the dip in growth dollars but will allow the market to keep growing well beyond the BTM application space.
SR has started to provide more discipline in the management team and has improved quality and post market surveillance staffing to ensure the regulatory risks are addressed. In med device manufacturing this stuff is often not thought about or seen and a "priority" but not doing it well can kill a company (Integra anyone?)

SR has created a more stable and safe internal culture (we have heard reports of distress from staff on learning of his departure). SR has travelled regularly to Aus for meetings and team activities. Being in the US is pretty sensible IMO as that is our largest market at present.

SR has purportedly stood up to the Chair and the board when it counted. Remember it was not SR who received the training. It was people who should know better.

So I think SR was a very good CEO for what is now and international company and has been done a great disservice. I don't know if he will go quietly into the night but I would vote to have him stay if there was a choice.

Expand

SR is passionate about India and its affordable medical needs for burns and trauma in particular. I cannot see him just leaving this task and going away. Perhaps he can become an embassy for the company in India. He is too principled to abandon this life saving project.

PNV Price at posting: $1.26 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

First 207 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $1.23		Change 0.015(1.23%)		Mkt cap ! $837.6M

Open	High	Low	Value	Volume
$1.22	$1.23	$1.21	$362.0K	297.6K

Buyers (Bids)

No.	Vol.	Price($)
20	19557	$1.23

Sellers (Offers)

Price($)	Vol.	No.
$1.23	9147	11

View Market Depth

No.	Vol.	Price($)
9	13295	1.225
18	26888	1.220
10	26541	1.215
9	40819	1.210
10	70107	1.205

Price($)	Vol.	No.
1.230	8475	12
1.235	22877	10
1.240	37833	11
1.245	71652	9
1.250	212080	6

Last trade - 11.03am 17/06/2025 (20 minute delay)

PNV (ASX) Chart

Ann: Additional response to articles in 'Margin Call', page-207

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Additional response to articles in 'Margin Call', page-207

Top Stories

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Open: Hopes turn on Israel-Iran attacks barely rattling crude price | June 17, 2025

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News