My initial reaction is *&#$@, didn't expect that, and have no idea how this plays out.
I hope that management has the best interests of minor shareholders at heart - one of the reasons I have invested in this company is that it has always seemed to be well governed.
Not going to speculate on what might happen, not my area of experience.
I do think though this action is driven by the potential of the product and the very positive position we are in with the RCT:
- Very impressive results after 1 year, particularly on the adjusted (FDA relevant) results
- Very low statistical probability that the two year results won't fall into line given the real world data already shows what is likely to happen.
- Company would already know the 2 year results
- All the above positions Naturalvue considerably in front of the only alternative soft lens Misight
- Misight sales have grown from roughly $2M to > $20M after FDA approval in 3 years, proving the market exists, and Cooper Companies recently doubled their Misight sales group in the US.
My interest is staying in if I can, subject to whatever we are presented with. Have no idea what that may look like.
My initial reaction is *&#$@, didn't expect that, and have no...
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