I will be introducing a newly designed website in the next few days. When the new site goes active, I will be introducing 2 new clients. The site will have a couple of new features, including Live IR, so investors can direct questions to the FCI investor relations team throughout the day. I will try to answer them as best I can, as long as a team member is in front of the computer that runs the software.
I am also going to start putting a few more resources on the site for investors, such as newsletters and additional small cap analysts. If you know of a worthy newsletter or analyst, please have them contact my office to discuss inclusion on the site.
If you have not signed up for FCI News Alerts, send an email to optin2@firstcapitalinvestors.com and put Subscribe in the subject line. (The new site has a quick sign up built into it.) The service is free and I promise you won't be bombarded with daily emails. I personally prepare and send each email out when a client releases news or there is a notable development, so you only get emails from me that are actually of relevance.
Some updates on existing interests that have been discussed on this blog:
CryoPort - Nothing new to report. All indications are that the pilot programs are moving ahead, but they just take time. Word is that FedEx and the labs/biotechs are VERY pleased with the results thus far. I still believe that we probably won't hear anything worth writing home about until a deal is signed. Then, the real catalyst will likely be when we see an outsourced manufacturing program become public. The current facility can produce a few thousand units per month, which CryoPort is already using, but that is not what is going to make this company go to the next level. It will take a big facility to make the number of containers that I expect will be needed in the not to distant future, so that continues to be my focus.
Redux/Naturade - I am hearing that the deal should close by the end of May and that the companies are moving forward with getting all of the transaction details complete. The previously announced 1 for 6 reverse stock split should be implemented at the same time as the name changes and new symbols are issues. I am hopeful to see the final approvals this week so we can all know what the final distribution ratios will be.
Gateway International - Nothing new for the most part, just a time to exercise patience. Spoke with someone who would know and he indicated they are moving ahead and hope to refile a 10SB soon. When this company starts trading again, I am hoping that it will be trading with a trailing profit. It might not be based on "non-cash" items, but from my understanding, they are running at a healthy pace on operations. So even though they are a small cap, they are cash flow positive. The Eran Engineering subsidiary in the Precision Manufacturing Group seems to be accelerating, which should continue to improve operating margins and flow straight to the bottom line.
That's all for now. Stay tuned for the new site.
