OSP 0.00% 20.0¢ osprey medical inc

Ann: Results of 2021 Annual Meeting of Stockholders, page-14

  1. 1,395 Posts.
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    ow nice job if you can get it and with Covid you have an automatic get out of jail free card for years. The issue is they have a lot of sales people and expenses for no meaningful sales or traction, the numbers are almost laughable given the addressable market they keep pointing to in the presentations. Hospitals are not interested because they cannot do the operations anyway because of covid. So you get to a point where the sales effort is completely wasted as hospitals cannot use the product and then it will have to be sold again at a later time, they might as well have shut down for the last year. All it boils down to with the burn rate is another capital raise.
 
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Currently unlisted public company.

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