Points well taken. Even an MBA candidate knows that present management is handling the present situation poorly. As a stockholder/speculator I am seriously thinking of taking a haircut now and moving on. The fact that management is not getting out in front and the accounting process is taking this long is not good. What has the company done in the last few months on the business front? Are companies afraid to sign on knowing how badly management handles the financial side of things? Where is management????????????
sorry for any confusion, will quote source in future posts, usually do. yahoo still showing same numbers, 52k high/low accurate, otherwise mostly na. Corp website shows share count but no updated/spinout cap.#'s. would like to see numbers other than the agreement projection numbers [what actually moved].
With such a small float and cap trying to sell stock on the market verses an offering is not in the stockholders best interest IMO. It allows speculators to short the stock creating a slow bleeding effect and driving the stock much lower [ on speculation not valuation ] rather than offering the stock in a secondary at a valuation price and getting the dilution over immediately. Brokers/speculators knowing CGIX is selling will have a field day with such a small float. CGIX needs to get its financial house in order, I'm surprised in the fact that with such a savvy investor as Pappajohn on the board that things are unfolding this way.
I can't seem to locate any news from QFOR to support this. I just left the QFOR web site and there is no mention of the audit or timeline as of july 24 2015 other than what was stated weeks/months ago. When its ready they will release. Where did you get this info regarding sept. and 2013?
and we presently are taking a 20% haircut and counting.We sure could use some help from management/insiders rite about now, IMO...............
aprox.7.6 m shares. they have given Cantor a 3% commission to raise $20m at current market prices [ no parameters ], aprox .1.7 m shares and counting currently a 13+% increase. People think that is a smart move? Cantor collects on dollar amount not share count, nice position to manipulate. Unless Pappajohn decides to buy in further now and stop the bleeding, present shareholders just got the shaft while Cantor got the gold. Management is not presently showing a very shareholder friendly posture nor a very financially competent one. I am surprised Pappajohn et al, let this one slide.
Anyway to check if/when application was filed and if clinical testing is underway? I found same while doing some DD awhile back but was unable to get more current insight................Any idea/opinion when message board for scivac on yahoo will be up and running?
I thought I would post here. It appears that the unlocking of value is taking the long way around for those who held Levon thru the merger/spinoff. Is the current selloff insiders selling off and raising cash? Both companies seem to selling off presently. I'm curious how management handles the transition from private to public company. Any insight into the current SCIVAC management makeup, excluding Frost e al.
QFOR IS FAST NEARING IT'S 52 WEEK LOW. It was near its 52 week high a few months back. Management appears to be reactive not proactive in dealing with its duties and is not very transparent. All very bad traits. A company can have a good product in a young explosive field but if management is or appears to be ineffective or incompetent its the kiss of death from an investors point of view. I believe QFOR's management team is fast approaching that critical point . It needs to step up and get in front of what is fast becoming a moment of " LACK OF CONFIDENCE" from the financial community. Not a position a young company that is looking for a listing on a major exchange should be projecting. Losing momentum and goodwill are hard to reverse.
All points taken, but proactive management teams are usually, with exceptions, more desirable than reactive ones , IMO. This group needs to get in front of this accounting situation, staying in the background, not establishing timeline, updating, etc., etc., is not good for current and future investor relations and confidence, setting a bad president .
Having never seen anything like this specific accounting/audit situation that QFOR is having [ not having a clear understanding of problem, management is very vague ] , I don't know if 90 days is a long time to review and audit a years worth of business. My opinion is that QFOR is not that big and that any accounting firm of value should be able to close 2014 and the 1st quarter of 2015 inside 3 months of work. Having run a business that was larger than QFOR, and all the accounting scenarios, I am beginning to seriously question the delay. I can hear all the reasoning but on the financial side of things alarms are starting to sound. Any insights/opinions?
Revisiting MELA after almost a year I NOTICE MANAGEMENT is still in job preservation not business generation mode. I wrote years ago that any business school candidate could structure and run MELA better than the previous and current bunch. The money boys must be getting close to pulling plug by now. My guess is there is still no takers for company and its time to sell/auction patents, Intel. properties and move on. MELA is a classic example of a start up company and technology being mishandled by inexperienced , non business type founders/creators followed by retread incompetent management teams.
With all assets pledged as collateral , no revenues or prospects in near term how can one expect anything short of dilution to extinction as the ultimate outcome. I still like the technology and am disgusted by fact that it has been handled so poorly. Almost seems like the present status qou in medicine got behind a group to shelf and keep it from disrupting the present money machine currently in place. I for one will choose a noninvasive device over a knife any day......................................One can only dream of what a management group like Dr. Frost , etc. would do with it.
A little perspective 121000 shares x $ .38 = $45,980. $25 k can move this co. 5%. This company will continue to be whipsawed price wise till the current accounting situation is settled. Management has been very quiet for months now regarding the ongoing business further winding an increasingly tight spring. This company is set to be sprung big time. With the present accounting team on site for a couple of months now and no guidance from management regarding 2015 revenues we are close, time wise, to finally seeing if QFOR is real or not.
During the next 30 days we could see 2014 and current financials along with projected revenues and guidance. Things should start getting real interesting, real soon.