Howie Mandell and I just got off the phone, and he asked whether TSB's readers would have answered, Deal or No Deal? Granted there are no beauties standing behind this attache case. Yet, TSB has been inundated with e-mails from loyal readers regarding the Exactech acquisition of the Silverbolt Minimally Invasive System, a valuable asset that Vertiflex was looking to divest itself of, in layman's terms, sell off? Before providing TSB readers with our analysis of the deal, one question must be posed to our readers, how valuable of an asset was Silverbolt if you were looking to divest yourself of this platform? An asset is usually something useful, desirable, and convertible into cash. Yes, Nation, the deal was done and that's all that truly matters to Vertiflex. But, if it was a true asset why would you get rid of it? The obvious answer would be that someone else thought your MIS platform was worth more than you did. It is even funnier when Canaccord Genuity's analysts' state that this acquisition further strengthens Exactech's spine portfolio. No offense, but did anyone really believe that Exactech had a strong spine portfolio to begin with?
In all likelihood, the reason Vertiflex sold off Silverbolt is because it was looking to transform itself into a company known for its focus, dedicating their cause to the full commercial launch of Superion, with the intent of selling that off. In addition, they probably need capital to subsidize an executive team that has more lieutenants than Tony Soprano did. At least the Banda Bing provided some social utility. But how can anyone blame Vertiflex? This is not a bad strategy in today's market where capital is scarce and tantamount to survival. Silverbolt was probably an Aerialbot that Optimus Prime, is that Earl Fender or Moti Altarac, could not breathe life into. So how much of Vertiflex did Exactech exactly purchase? How much did they pay for a platform that had minimal market share? Does the stock have any value? Do any of our readers think that the image OrthoSpineNews utilitzed on theirs blog site was a subliminal message? A fish taking the bait? TSB wants to know what our readers think?