Very soon MELA could be self sustaining with Revenues and expenditures. Sure looks liek it will meet its target of 275 long before May 2013. This is impressive since Nov 2012. This stock could clearly run past $5.00 before May releases. Income should stop the bleeding of Cash. Right now MELA has enough Cash to expand very quickly. I wouldn't be surprised to see this stock on a full charge towards its target .
Huh?? First of all it was March, not May - and from what was given as information - you would have to be a savant to discern where we stand, just somewhere between 115 units and God knows what. I think it is bordering on criminal that they didn't provide an up-to-date count of signed contracts or commitments. I wouldn't be surprised if this doesn't spawn a shareholder lawsuit - in fact, I may consult counsel myself. As they say, the lack of transparency is apparent (smile).
Just listened to the Cowen CC and he stated that a firm 115 signed contracts with 95 units placed at EOQ Q4, additional 100 contracts under review, lots of interest at the AAD so he's not going to commit apparently to actual numbers until Q1 2013 report which I believe should be coming around early May.