Alright. For the disclaimer...I am long a pile of stock north of .10. Why .10? that is where the stock was trading when we finished our due diligence on the probability of getting the RadioGel approved by the FDA. We liked the odds, so we bought the stock. Folks, this is not a current revenue story. It is a binary bet, with a revenue story that can save your investment but will NEVER make a multiple. The multiple is coming from RadioGel and is a very short term story. The Moly 99 project is an amazing one, but is 3-4 years off and will cost the company north of $100MM. That is a multi-billion dollar story, but out of my personal time frame. The other HIGHLY OVERLOOKED fact that really gets my attention is that every large investor, including the CEO, is from the same little bitty town in WA. This means to me that the entire town is probably shareholders, and if you look closely, you will see that Carl himself has been funding this company month to month. So what appears to be a godawful financing risk, in reality, probably is not. They can't let it fail and expect to still live in this town. Maybe Argentina, but not Kennewick.
The clock started on the RadioGel when the release went out. So now we have a definitive clock ticking down.....from 90-180 days for a PASS/FAIL grade. RadioGel and it's sidecars are a multi-hundred million dollar a year market. Am I willing to bet $1 to make $10-15 if it get approved? Damn right. Is there risk that my $1 goes to zero? Yes, but a good portion of that gets mitigated by the other rev sources and the too big to fail for Kennewick.
I am long and buying more. I like the risk/reward on RadioGel. Everything else is fluff for now.
Well, you nailed it and I wish your CA was lower but it is totally justified. RadioGel will take a while to get off the ground and it will take some time but the odds are good. All the reasons I have bought as well as the companies diversification. Great post! Good luck to all of us with a financial interest in this company.
I agree that RadioGel is best/only chance for success this company has. Team Moron and the King Moron, stupid in seattle, always said RadioGel was years away but then thats why their morons. I have added also on the promise of radiogel approval.