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MELA Sciences, Inc. Message Board

  • aequitas45 aequitas45 Mar 6, 2013 2:08 PM Flag

    Unfortunately the Fat lady is singing

    Melafind is a wonderful machine that will save lives but as a business it sucks. In the q4 CC Gulfo has essentially told everyone that Mela will need more major financing before it is every profitable. His high estimate of 500K$ per month of revenue late in the year doesn't come close to covering the 6 Million dollar per quarter burn rate and Mela will run out of money in the 1st half of next year. Ergo another stock offering. Mr Fncy called it right. This business requires too much capital and the melafind usage pattern is being significantly discounted from initial expectations. I expect this business will be taken private when it reaches the penny per share area. Good luck to longs it's going to take drastic action to make this a profitable business.

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