ShareJunction - Member Posts

x 0

The 29 April announcement said " Patent Claim and the State Law Claims" . Wouldn' t QTV lose it if they lose the case?

sharenewbie0301 ( Date: 02-Jul-2015 22:07) Posted:

Where does it state that if lose appeal then lose chocolate patent also?

sheerluck ( Date: 02-Jul-2015 20:55) Posted:

there' s a good qn. shareholder should email qtv mgmt.

also if they lose the appeal, it will be a double whammy. Lose usd20mil and patent for chocolate.

x 0

there' s a good qn. shareholder should email qtv mgmt.

also if they lose the appeal, it will be a double whammy. Lose usd20mil and patent for chocolate.

HVRRVH ( Date: 02-Jul-2015 20:46) Posted:

I cut loss long time ago. I could have held on to it as I think medical sector is the sector to be in now, however, really pissed when I see the company selling shares to insiders at 0.000xxx something. Now want to raise 12m but lose law suit 20m, how?

x 0

Now this can be really bad for QTV as it might also affect the USD12mill funding raising exercise.

**********************************************************************************************************************

3.2. Conditions Precedent
The obligation of the Purchasers to subscribe and pay for the Bonds is subject to the following
conditions precedent:
(a) at the Closing Date (i) all the representations and warranties of the Company set forth in
the Agreement shall be accurate and correct and not misleading in all respects at, and as
if made on, the Closing Date (ii) the Company shall have performed all of its
undertakings or obligations under the Agreement required to be performed by it on or
before the Closing Date
(b) the results of the due diligence exercise being to the satisfaction of the Purchasers (at
their sole discretion)
(c) the Purchasers being reasonably satisfied that, on the Closing Date, there is no material
adverse change occurring in the prospects, results of operations or financial conditions of
the Company, or the Group taken as a whole and
(d) the approval of the Singapore Exchange Securities Trading Limited (" SGX-ST" ) for the
listing and quotation of the Conversion Shares (as defined below) on the SGX-ST and all
other consents, approvals and authorizations having been obtained by the Company and
the same continuing to be in full force and effect.

**********************************************************************************************************************

The investor may pull out or demand an even more protective clause and hence more damages to existing shareholders. As usual no impact to the coy so long as they can get the $$$ to keep operation going. New investors must be saying heng ah.

x 0

This is indeed a bad news for QTV. Does the CEO need to bear some of it since it is against him as well? Well if he starts selling his shares......

edwinjup ( Date: 02-Jul-2015 19:23) Posted:

Lost court case.....kanna fines usd $20m....

x 0

A reflection of how much risk the new investors see in this investment and also a reflection of how much mgmt is willing to sacrifice existing shareholder' s interest.

edwinjup ( Date: 01-Jul-2015 10:49) Posted:

Dont u all think qt pay quite a high interest rate ?....8%.....

sheerluck ( Date: 01-Jul-2015 10:46) Posted:

Let see what this means for the company, the new investors, and the existing shareholders.

Cash call was expected since QTV is running out of cash. As mentioned their cash burnt rate is very high. They burnt all the IPO proceed of USD 40mil within a years. So this cash injection is definitely required to keep the company going. Whether there are any good news, and if any, when? We don' t know for sure. There is nothing good or bad about it for the company. It is just a necessary action.

For the new investors the way the CB are structured effectively eliminate their risks. While the conversion price is at 8.5% discount to QTV weight average price, an interest of 8% p.a means in one year time they reduced their risk to zero except in the case QTV default on their bonds (likely?). After that, it is all profit for they. If QTV share price boom, they can convert to cash in. They can converted into about 11% of the company existing shares. That' s quite a huge amount of shares for the market to absorb or for the retailers to babysit! If QTV share price tank, they dont convert and can ask for redeemption. Either way, the new investors never lose.

For existing shareholders, it will be prudent to think about what this means.

On the way they did the fund raising.

Why did they not loan from a bank? With EDB as backer, I am pretty sure, they can get one with a much lower interest rate. It will be better than issue CB. Of coure with a bank loan, they have to repay the principle or refinance on maturity. So this suggested to me that they are not so confident in their cash generating ability to repay the principle and they do not want to have loan in their already weak BS.

Why did they not simply do a share placement? Well, if QTV price tank, the new investors will lose money.

CB will be the best for the new investors because they are so well protected. The only risk is QTV default on their bond. Other than that, they sure win. But with the CB, the compnay have more liabilities and if QTV really tank and CB holder ask for redemption, who is going to pay the price? Not the company. There is this one big ATM- the market and who has been putting money into this ATM?

So what happen to these new risks in addition to the existing risks? Who are carrying them now? Not QTV. It got the cash it need to function now. Not the new investors. They have protections against any risks after a year or so.

I hope to see some useful discussion on this.

x 0

Should be " 8.5% premium to QTV weight average price"

sheerluck ( Date: 01-Jul-2015 10:46) Posted:

Let see what this means for the company, the new investors, and the existing shareholders.

Cash call was expected since QTV is running out of cash. As mentioned their cash burnt rate is very high. They burnt all the IPO proceed of USD 40mil within a years. So this cash injection is definitely required to keep the company going. Whether there are any good news, and if any, when? We don' t know for sure. There is nothing good or bad about it for the company. It is just a necessary action.

For the new investors the way the CB are structured effectively eliminate their risks. While the conversion price is at 8.5% discount to QTV weight average price, an interest of 8% p.a means in one year time they reduced their risk to zero except in the case QTV default on their bonds (likely?). After that, it is all profit for they. If QTV share price boom, they can convert to cash in. They can converted into about 11% of the company existing shares. That' s quite a huge amount of shares for the market to absorb or for the retailers to babysit! If QTV share price tank, they dont convert and can ask for redeemption. Either way, the new investors never lose.

For existing shareholders, it will be prudent to think about what this means.

On the way they did the fund raising.

Why did they not loan from a bank? With EDB as backer, I am pretty sure, they can get one with a much lower interest rate. It will be better than issue CB. Of coure with a bank loan, they have to repay the principle or refinance on maturity. So this suggested to me that they are not so confident in their cash generating ability to repay the principle and they do not want to have loan in their already weak BS.

Why did they not simply do a share placement? Well, if QTV price tank, the new investors will lose money.

CB will be the best for the new investors because they are so well protected. The only risk is QTV default on their bond. Other than that, they sure win. But with the CB, the compnay have more liabilities and if QTV really tank and CB holder ask for redemption, who is going to pay the price? Not the company. There is this one big ATM- the market and who has been putting money into this ATM?

So what happen to these new risks in addition to the existing risks? Who are carrying them now? Not QTV. It got the cash it need to function now. Not the new investors. They have protections against any risks after a year or so.

I hope to see some useful discussion on this.

x 0

Let see what this means for the company, the new investors, and the existing shareholders.

Cash call was expected since QTV is running out of cash. As mentioned their cash burnt rate is very high. They burnt all the IPO proceed of USD 40mil within a years. So this cash injection is definitely required to keep the company going. Whether there are any good news, and if any, when? We don' t know for sure. There is nothing good or bad about it for the company. It is just a necessary action.

For the new investors the way the CB are structured effectively eliminate their risks. While the conversion price is at 8.5% discount to QTV weight average price, an interest of 8% p.a means in one year time they reduced their risk to zero except in the case QTV default on their bonds (likely?). After that, it is all profit for they. If QTV share price boom, they can convert to cash in. They can converted into about 11% of the company existing shares. That' s quite a huge amount of shares for the market to absorb or for the retailers to babysit! If QTV share price tank, they dont convert and can ask for redeemption. Either way, the new investors never lose.

For existing shareholders, it will be prudent to think about what this means.

On the way they did the fund raising.

Why did they not loan from a bank? With EDB as backer, I am pretty sure, they can get one with a much lower interest rate. It will be better than issue CB. Of coure with a bank loan, they have to repay the principle or refinance on maturity. So this suggested to me that they are not so confident in their cash generating ability to repay the principle and they do not want to have loan in their already weak BS.

Why did they not simply do a share placement? Well, if QTV price tank, the new investors will lose money.

CB will be the best for the new investors because they are so well protected. The only risk is QTV default on their bond. Other than that, they sure win. But with the CB, the compnay have more liabilities and if QTV really tank and CB holder ask for redemption, who is going to pay the price? Not the company. There is this one big ATM- the market and who has been putting money into this ATM?

So what happen to these new risks in addition to the existing risks? Who are carrying them now? Not QTV. It got the cash it need to function now. Not the new investors. They have protections against any risks after a year or so.

I hope to see some useful discussion on this.

x 0

Haha! My vision has served my well till now.

notsostupid ( Date: 24-Jun-2015 14:13) Posted:

Improve on your vision then.

sheerluck ( Date: 24-Jun-2015 14:10) Posted:

Indeed but having vision but a poor one can also lead to disastrous outcomes.

x 0

I don' t deny that about the acquisition of Lutonix. It was a private company when it was being acquired. CR Bard must have see something in the PAD and CAD market to pay this price tag for Lutonix.

But why was QTV not being acquired when it was still a private coy and instead was push out for listing when it has already got FDA approved, CE Mark and CFDA approved products?

Anyway, for QTV price to appreciate or to be appreciated, one of these must happen:

- big bio coy express interest to acquire QTV or

- good sale performance by QTV.

Now, we don' t know when the first will happen if it does but we do know that every 3 month we get some sale figures from QTV. Unless the market hear some rumour about acquisition, it will probably rely on the sale figures.

notsostupid ( Date: 24-Jun-2015 14:01) Posted:

Lutonix had no revenue and no profits then, but they had bright prospect and was acquired.

notsostupid ( Date: 24-Jun-2015 13:57) Posted:

One who has the vision sees the prospect going forward. One who has no vision dwell in the past and present

x 0

Indeed but having vision but a poor one can also lead to disastrous outcomes.

notsostupid ( Date: 24-Jun-2015 13:57) Posted:

One who has the vision sees the prospect going forward. One who has no vision dwell in the past and present.

notsostupid ( Date: 24-Jun-2015 13:54) Posted:

There's a difference between one who has the vision and one who has no vision

x 0

Hmm.. I am wondering if QTV is really cheap now.

By market cap, it is one of the lowest of about USD92mil but by EV/rev, it is about twice compared to other US listed Vascular coy. While it is about 20% below industrial averge of 8, those US listed Vascular coy are about half.

Hmm.. I am wondering if QTV is really good now.

One year on from signing new sale model with Cordis, sale is so-so. Not growing like what those analysts are selling to retailers. Chocolate Touch apporval coming 2HFY15, so the coming quarter and next quarter sale performance will rely on their existing Chocolate and Glider.

Well we should see....

issac23 ( Date: 24-Jun-2015 13:21) Posted:

Lyn, i support you. cheap and good

lyn_lyn ( Date: 23-Jun-2015 10:49) Posted:

this is lyn lyn collections too.......lyn lyn posted in some major hospitals in Singapore.....Cardiovascular Disease is in the RISE......

x 0

If you have bought care to share the reasons? If so, you might want to re-examine those reasons.

Also I don' t short, I just share my views. If you got some, I would like to hear them as well.

cycy818 ( Date: 24-Jun-2015 12:39) Posted:

please don' t short sell....

sheerluck ( Date: 24-Jun-2015 10:02) Posted:

Wah. You people really anyhow hantan.

This article is saying " cardiac prosthetic devices" for eg stents. QT Vascular products are catheter balloons and they are promoting the reduced use of stents especially with their DCB.

Now the article mentioned these:

Market Driver: Rise in birth prevalence of congenital heart disease worldwide

Market Challenge: Risk of complications and re-interventions

Market Trend: Increase in use of low-profile stents grafts for aneurysm repair

The point on market driver is to QTV advantages but same to all other competitors.

The point on market challenge is neutral to QTV but can be viewed negative wrt the next point.

But the point on market trend is against QTV. QTV is advocating reduced use in stent but the trend is against them.

You' ll say DCB is a market wanted product but agree with articale that said otherwise.

You people anyhow hantan. jialat siah.

x 0

Wah. You people really anyhow hantan.

This article is saying " cardiac prosthetic devices" for eg stents. QT Vascular products are catheter balloons and they are promoting the reduced use of stents especially with their DCB.

Now the article mentioned these:

Market Driver: Rise in birth prevalence of congenital heart disease worldwide

Market Challenge: Risk of complications and re-interventions

Market Trend: Increase in use of low-profile stents grafts for aneurysm repair

The point on market driver is to QTV advantages but same to all other competitors.

The point on market challenge is neutral to QTV but can be viewed negative wrt the next point.

But the point on market trend is against QTV. QTV is advocating reduced use in stent but the trend is against them.

You' ll say DCB is a market wanted product but agree with articale that said otherwise.

You people anyhow hantan. jialat siah.

notsostupid ( Date: 23-Jun-2015 10:18) Posted:

QT is listed in there as a prominent Vendor.

Tiutiutiu ( Date: 23-Jun-2015 08:24) Posted:

http://www.whatech.com/market-research/medical/69463-discover-the-global-cardiac-prosthetic-devices-market-that-will-grow-at-8-cagr-by-2019

x 0

I admire your conviction.

Anyway, if you can post news on their product approval, it will be useful. More useful if it is factual.

notsostupid ( Date: 21-Jun-2015 13:33) Posted:

Someone said when their drug coated balloon gets approval, the big boys will come knocking at their door. I also think so! So, our friend's comment here is pretty muich irrelevant!

sheerluck ( Date: 21-Jun-2015 10:57) Posted:

Finally some not so useless info. QTV expect CE mark for Chocolate Touch in second half of FY15. Maybe next month or next six months. We can only start seeing if this Chocolate touch sells probably next year. In the meantime, the market might continue to punish QTV for their lack of performance. Also QTV sale in EU is very low.

x 0

Finally some not so useless info. QTV expect CE mark for Chocolate Touch in second half of FY15. Maybe next month or next six months. We can only start seeing if this Chocolate touch sells probably next year. In the meantime, the market might continue to punish QTV for their lack of performance. Also QTV sale in EU is very low.

notsostupid ( Date: 21-Jun-2015 01:16) Posted:

If CE mark takes 12 months to approve, then isn't chocolate touch getting approval next month?

x 0

Would be better if more forummers can contributes more info.

Kyoto2008 ( Date: 21-Jun-2015 01:33) Posted:

Good discussion. Quite impressed with the numbers presented. This is really what forum discussion should be about.

x 0

Really hor...anyway for the benefit of the others.... since Trivascular was brought up then let see some figures:

TriV IPO-ed at USD12 per share with EV/sale was about 13. QTV IPO-ed at SGD0.28 with EV/sale was about 23. So who got a better deal? SG investors really ganna chop veg head and some analysts really blow it up like a real good deal. Now people suffers.

TriV now traded at USD6.87 per share with EV/sale was about 3.9. QTV TriV now traded at SGD 0.18 per share with EV/sale was about 6.4. Based on industrial average of EV/sale=8 (from CIMB analyst report), TriV should be priced at USD13.4 (ie upside is +100%). QTV can be priced at SGD0.22 (ie upside is +25%).

So did SG market really undervalued QTV in the first pace and now? Are there further risks to QTV pricing now? You decided.

darocupcake ( Date: 20-Jun-2015 17:13) Posted:

Dun need to explain so much to him since he like to win just let him win lor

sheerluck ( Date: 20-Jun-2015 14:38) Posted:

I looked at CIMB analyst report on QTV with a target price of $0.73 with various assumptions. I picked up two points for those vested in QTV considerations:

1. This TP of $0.73 is assuming QTV sale rev hit USD45mil by FY16 with PATMI USD13.5mil. If QTV last few quarter' s performance shows that it going towards that direction, it price may move towards $0.73 before end FY16. Unfortunately, it is not which brings me to my second point.

2. CIMB analyst projected QTV FY15 rev to be USD28mil. FY15 Q1 rev is USD3.3mil which is 12% of the projected rev. Looking at the past few quarters after they had the sale model agreement with Cordis, rev were in fact pretty flat at about USD3.2 to USD3.7mil. The company really need to show to the market that they can grow sale which they haven' t.

On valuation, if they maintain current sale level, they will only achieve 1/3 of FY16 sale target. Based on the EV/sale TP of $0.57, 1/3 of it is $0.19.

Let see if Q2 sale can bring the comfort shareholders are looking for.

x 0

If you insist.........

notsostupid ( Date: 20-Jun-2015 17:07) Posted:

Sure! Based on your comparison, then QT should be 0.43 leh. Thanks

sheerluck ( Date: 20-Jun-2015 13:57) Posted:

Trivascular outstanding shares 20.4mil. QTV outstanding shares 766mil. Bro, you want to present info in this way, you will never be in charge.

By comparing to Trivascular, you really shoot yourself in your own foot. Any acquisition if any, Trivascular queue in front of QTV by current valuation.

x 0

I looked at CIMB analyst report on QTV with a target price of $0.73 with various assumptions. I picked up two points for those vested in QTV considerations:

1. This TP of $0.73 is assuming QTV sale rev hit USD45mil by FY16 with PATMI USD13.5mil. If QTV last few quarter' s performance shows that it going towards that direction, it price may move towards $0.73 before end FY16. Unfortunately, it is not which brings me to my second point.

2. CIMB analyst projected QTV FY15 rev to be USD28mil. FY15 Q1 rev is USD3.3mil which is 12% of the projected rev. Looking at the past few quarters after they had the sale model agreement with Cordis, rev were in fact pretty flat at about USD3.2 to USD3.7mil. The company really need to show to the market that they can grow sale which they haven' t.

On valuation, if they maintain current sale level, they will only achieve 1/3 of FY16 sale target. Based on the EV/sale TP of $0.57, 1/3 of it is $0.19.

Let see if Q2 sale can bring the comfort shareholders are looking for.

Kyoto2008 ( Date: 20-Jun-2015 01:16) Posted:

a long term investor would not be concerned about shortselling. In fact, shortselling can allow a long term investor to accumulate more at a lower cost.

The question is why would you be concerned with short selling if you are a long term investor?

If SG allow guns, there are pros and cons. Not necessarily bad or negative. It can make a nation strong. Like Switzerland.

notsostupid ( Date: 20-Jun-2015 00:46) Posted:

Damage I mean

x 0

Trivascular outstanding shares 20.4mil. QTV outstanding shares 766mil. Bro, you want to present info in this way, you will never be in charge.

By comparing to Trivascular, you really shoot yourself in your own foot. Any acquisition if any, Trivascular queue in front of QTV by current valuation.

notsostupid ( Date: 20-Jun-2015 08:50) Posted:

Trivascular Technologies went IPO around same time as QT in 2014. Trivascular listed in US at US$12 IPO price. QT listed in SGX at only S$0.28. Can anyone advise which vascular device company listed in US is trading way below US$1? If I'm the one in charge, I would have already applied to list it in US long long ago!