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on: Nov 22nd, 2003, 2:00am 

Double bypass for Ventracor

VENTRACOR'S artificial heart technology is looking good - but its management is haemhorraging, with the departure of another executive.

Chief financial officer David Smullen quit yesterday, just two weeks after the exit of chief executive Michael Spooner, who was replaced by former Sirtex chief executive Colin Sutton. 

Ventracor chairman John Massey said the timing of Mr Smullen's departure was "unfortunate", but the retiring CFO had told Mr Spooner of his intention to leave the company. 

"With the change he was actually interested in staying, but apparently he's got something lined up," Mr Massey said. 

Ventracor has been one of the best stocks on the Australian Stock Exchange this year, rising from a low of 72c to a high of $3.98 after it successfully implanted its heart-assistance device in three patients. 

http://finance.news.com.au/common/story_pa...08%255E462,00.h tml 
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  • 3 weeks later...

It seems that with the change of management / board room fighting the implant time table has been effected

 

28/06 First

01/09 Second

22/10 Third

 

64 Days after the first, the second happened

51 Days after the second, the third happened

 

Today is 51 days after the Third...

If you followed the past pattern one would assume the fourth was due around the 40 day mark (30 November) or at most today.

Week after next is Christmas and as most would know.... most specialist are on holidays that time of year.

 

ItÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s either within the next 9 days... or between 5-9 January (if itÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s not within 9 days the market will really start to question whatÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s the hold up)

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Nice to be right http://www.asxboard.com/html/emoticons/graduated.gif

 

Based on the pattern...

 

64 First to Second

51 Second to Third

56 Third to Fourth

56 Fourth to Fifth = Feb 9 (or most likely the week 2-6 Feb)

 

The current rise is very weak... I won't buy on the news, it will retrace lower within the week

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COULD BE RISING AGAIN - no idea why, but pattern looks OK - good volume, broken resistance, back over 30 day ma, all that. Not bad might be worth a look.

 

Would have posted earlier but that's xmas

 

would post on ozestock but can't be bothered with that clumsy, slow site anymore

 

absolute first class effort by all who put this together

 

if my avatar worked then all I can say is FREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEDOM!

 

if not then that last line looks silly

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Hi Ovade & Season's Greetings to all. Oze has virtually self destructed & like you find asxboard excellent. VCR provided no one dies within 6 months They gotta go > LOL. C > b. http://www.asxboard.com/html/emoticons/hypocrite.gif
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