PetVivo Holdings, Inc. (NASDAQ:PETV) Q2 2024 Earnings Call Transcript

Operator: Thank you. Any other questions, feel free to use the chat your phone with those fronts in the chat or raise your hand if you want to do so. If there’s nothing else could we please confirm the information and the contact details where attendees can require or get more information?

John Dolan: An operator, I see one more item in the chat. I think it’s directly to John. So you don’t see a near-term rebound is the aspect?

John Lai: So, as you know, when you get near year-end and you have this type of drop within the market, because it has been a horrible microcap market, the dispersion between the S&P 500 and the Russell 3000 hasn’t been this wide in probably 40 years in terms of total return for each one of the respective indexes. So you tend to get tax loss selling. Now, every year, you’re seeing tax loss selling occur, especially at the institutional level. So, it’s likely we’re experiencing some tax loss selling, and one would expect that to end relatively soon. And given the fact, we’re getting all this clinical data and we’ve got all these major shows coming up, the AAEP at the end of this month of November and then early January and February, we got three major small animal shows.

We believe, those are really good catalysts as well as the white papers being published. So there is a lot of enthusiasm among our management team as well as the salespeople, because we’re seeing this data that now we can go after small animals. So just to give you an example, the equine space has about 8 million horses in the United States. In terms of dogs, there’s about 83 million dogs. And keep in mind, if you look at the alternative use, I mean, the dogs that can’t take NSAIDs and Spryng be an alternative use, 5% of that 83 million is a very good candidate from one, from an economic standpoint; two, from a efficacy standpoint. And then also, we have 60 million cats. So the cat safety study will be out in white paper form here relatively soon.

So with all that, we really expand the potential market size. Operator, so there’s no more questions. I think we can conclude the call.

Operator: Correct. Yes. Perhaps just leave — I did post communication channel, the website and an e-mail address so they can contact you. But if you want to reiterate another contract as you close off, that will be great. Thank you so much.

John Lai: Yes. We have the info1@petvivo.com., always too, if you need to send a question e-mail-wise. And a lot of the shareholders actually know me pretty well, and they call me direct. So feel free to call, if you have any follow-up questions. And thank you for attending the call. This concludes the formal Q&A presentation.

Operator: Goodbye.