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Anonymous
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Small Bone is currently in the midst of a fire sale to the highest bidder. How long does the company have and what will the end result be?
Small Bone is currently in the midst of a fire sale to the highest bidder. How long does the company have and what will the end result be?
I heard that the company has until the end of 3rd quarter. The entire Small Bone sales team will be laid off.[/QUOTE
They currently have all independent sales teams, not sure where you get your information
Keep hearing that it is Stryker, but there is some issue with the due diligence process. It is probably sketchy bookkeeping and or consultant issues.. Some of these guys get double what is customary for their "work".. Aheeem. The DoJ would not be amused.
Agreed! You can be sure a number of investors are going to be filing a lawsuit in any event a sale ensues. This company has spent YEARS raising an outrageous amount of money and making empty promises on their sales targets. Not a single one of their goals was ever met and a fortune lost on little more than what amounted to pure theft!
As an ex employee of Small Bone I know that the issue of a lawsuit in event of such a sale has been brought up a number of times by other employees as well as some outside investors who were very unhappy with the way the company was run. There are numerous instances of fraudulent claims that can be substantiated. If the board feels that they simply rip off the investors without any legal fight then they are sorely mistaken.
As an ex employee of Small Bone I know that the issue of a lawsuit in event of such a sale has been brought up a number of times by other employees as well as some outside investors who were very unhappy with the way the company was run. There are numerous instances of fraudulent claims that can be substantiated. If the board feels that they simply rip off the investors without any legal fight then they are sorely mistaken.
Corruption? What? No way, not SBi. They are cleaner than a sterile 4 x 4.
$200M that is about all
Not Stryker it's DePuy. I guess their integration is finally over.
why's every posting have to be so negative? They're a good, small company that fit a boutique niche with some unique products, me-too products and a couple smart acquisitions. They've kept afloat for years beyond what most people had predicted. They will probably be sold to stryker and it will be a blip on the market's big picture. Some good people will lose jobs or income, some others will profit greatly (well a few). Life will go on and tomorrow someone else will be bought out.
But..."there's many a slip twixt a cup and the lip" you never know what might happen...
why's every posting have to be so negative? They're a good, small company that fit a boutique niche with some unique products, me-too products and a couple smart acquisitions. They've kept afloat for years beyond what most people had predicted. They will probably be sold to stryker and it will be a blip on the market's big picture. Some good people will lose jobs or income, some others will profit greatly (well a few). Life will go on and tomorrow someone else will be bought out.
But..."there's many a slip twixt a cup and the lip" you never know what might happen...