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Rosetta Genomics, Ltd. Message Board

  • johngunn51 johngunn51 Apr 14, 2013 8:36 PM Flag

    There was no deal

    The deal was for the plant genetics company-sold to Monsanto for 39mil, my bad. My source in Israel got the companies confused apparently the names were similar. Berlin sold all the plant genomics IP patents to ex-employees for 900k a couple of years ago to stave off bankruptcy. It turns out he sold the only thing of value. I apologize. I sold my stock Friday. 2 analysts downgraded the stock after the call, including Aegis, and I have never seen them downgrade one of their own clients. There will be no more financial bailouts for Rosetta. You know they hired a guy to do joint ventures and new business development after the last cash raise. He's done zilch. Other companies in the diagnostics'genomics business don't think the future is in expensive RNA testing and algorithms. I'm mad at myself for not looking into this further, and Berlin in particular before putting money into this.

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