yeah I guess so w/ MRK laying off another 17K people....RGDX, can have their pic of the Litter and pay is great even if mostly commissionable sales!
the economy is NOT a pretty picture and GROWTH co's are getting the best people in this scenario...so anyone who thinks that ex government employees can compete is smokin somethin strange...they bring NOTHING to the table in an Economy looking for the very best, self motivated, self starter types and that is precisely what a grower like RGDX needs!
u do realize gene that they turn profit on this quarterly report coming up in about 1 week? they missed profit by just -.02 last quarter so its just a matter of time now as sales are overcoming costs!
When you spend more money than what you take in, I would not call that astounding... I call that un-sustainable.
Once aagain, I like the company, but they need to fix a lot of things (like Frank said) if they are going to survive.
I never said that they don't have revenue. I know that they are selling and doing a pretty good job at it... but they are not profitable, which is why they are constantly getting cash infusion from investors to keep the company going. That stratrgy will only work so long...
Like I have said on numerous ocasions, I like RGDX (and am long). I think they are a good company, but they are struggling and they have not found a way to make their business profitable.
I don't work for RGDX and have been long for 4 years...
I know this MDx space very well and know that this company will not survive without a buyout.
I think they are a good company and I want them to be successful (as I have been long and continue to be), but they will never be what you think they will become. Your loyalty to this company has put blinders on you, so you are not looking outside your comfort zone to what else is out there..
You need to expand your current knowledge beyond what you think you know about the MDx space. Once your do that, you will realize that other companies have already surpassed this one with repect to size, growth, revenue, technology, and much more, that beat RGDX hands down.
wrong, she is not cut out for CEO, she is a scientic officer and is much better suited for this role, and at 65 she will still be a Founder extraordinaire and help this co. achieve its goals!
So my letters to the CEO, The president and the BOD and IR all have finally been rewarded!
KD than you for your CEO service and your new role as SO will be your best suit!