CEO PHONE CALL FOLLOW UP!!!
CEO and I talked last night for about two hours. Most of the information is ongoing follow up on topics previously discussed and reported on the board (check post #2141 for cross comparison if you want). The following was discussed:
1) Company is working towards releasing financials
CEO's STRONG desire is to become a solid auditable (reporting) company and is working towards that outcome as he plans to move off the pinks in the future. To help in that direction and to be able to show creditable financials to investors, CEO has hired a financial consulting firm to work with/on SMAS financials. CEO will be meeting (again) with them on Monday(June 11).
The last time I posted on Financials, CEO stated that he was strongly considering releasing preliminary numbers that week (May 21st); however, he decided not to because he wanted to have it done right the first time and if he had released early, it would not have included all the info that investors would be expecting (another reason for consulting firm). As of May 21st, CEO had stated that he planned on releasing financials within the next 2-3 weeks. He is still within the time frame and anticipates being able to release soon.
2) CEO has recently hired a new IR/PR firm
CEO has hired a IR/PR firm that is known for results that cause the pps to increase. They did the last two PR's (prior to that, CEO was pretty much doing them as of late). The CEO said it's all about timing and the firm is good at it.
3) There will be more PR's coming next week!!!
4) Trader's Nation Interview
I know that based on what I reported last time (May 21st), the Trader's Nation interview was anticiapted to take place this last week that just ended. CEO said it didn't because the planning of it has been turned over to the new IR/PR firm.
He said he could have just paid the $700 or $750 that the interview cost, but he wanted to accomplish much more that, so he decided to pay a "little" more and the interview is now a part of the over all package PR "deal" they put together which includes the aspect of "TIMING" to get the biggest "bang" for the buck. (those are my words, his were more like: to get the best possible results for the pps resulting in a win-win for the company and investors)
CEO will be meeting with firm consultants the first of this coming week and "believes" the dates should be set by mid-week. The Trader's Nation Interview is still the next public thing SMAS will be doing.
5) Follow up on Somantics and VA Hospitals
The government has asked SMAS to submit another proposal in regards to working with VA Hospitals. CEO has a staff person working full-time on it's completion which will be shortly. It entails a lot of research. Governmental response can be slow; however, CEO anticipates being able to report positive progress later this summer.
6) CEO spent last week in Europe on company business
CEO stated that he spent last week's company related travel in Europe laying the ground work for SMAS inter-national expansion. This included several meetings and identification of potential clinic sites.
International expansion is a part of SMAS's 2-5 year plan. He had wanted this to eventually be part of a PR, but he was "consulted" that because there were no concrete results to report on, it would have been labeled as a fluff PR by investors (he only mentioned this because it won't be included in a PR at this time, but I said I would mention it on the board).
7) CEO to conduct a third interview
I forgot to confirm it again, but I believe the CEO is still panning on doing a third interview with IBC Media Stock Talk Live. This would be after the Trader's Nation interview and I assume would be handled by the new IR/PR firm.
8) CEO would like to create opportunities for investors to get to know them
CEO said that if anyone is interested, he would like to have ideas from investors that would allow them to get to know him and his staff better and of course, in return, he would have an opportunity to get to know the investors. This could be anything from planning a get-together in New York or Boston (clinic locations)to whatever. If you are interested and/or have ideas, please post them, or pm me.
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Well okay, you may not think that is much for the time you had to wait for it. Again, I am sorry you had to wait so long after I posted about the conversation. There were some other topics disucussed about the company, view points of the CEO, things he's concerned about, etc. I will comment on some of those in the near future.
The above are the more concrete topics and it was a lot of reading and a lot to think about and anticipate. The one-two punch kind of GOOD things are in position and getting ready to take place.
The CEO said (as it relates to the pinks and growing the company which also means the pps)that he has figured out that "the smartest way to be is to figure out whose smarter than you and then listen to those people, and that is what he is doing." That impressed me.
4HeAlone
