that I look at the quote and I see some huge gain, then notice the news that caused said gain. Party's will ensue, and champagne corks will fly in every direction. Until that much anticipated day, I will grudgingly continue my existence.
i heard the call. rice said that dextran to be made for existing customers and will break even at best, and the reason they are making it is to help the customers, NOT FOR PROFIT
now please get your head out of where it is stuck.
mook please re-listen to the call. the price blfs will put on dextran will not be competitive to the mass producers. if you want to stick your head in the sand, that is fine, but you should not call anyone a liar based on your un-informed-ness.
Mook you must have selective hearing. Mike said on the call that the dextran can not be produced at a competitive cost to the mass producers, that they are doing it to "help out our clients" and that it will not be break even at best.
boston, the problem is, that they got a pile of cash, and then committed said cash to an unknown. why are they jeopardizing the company?
Proprietary biopreservation media product revenue was $1.5 million. This represents 21% growth in proprietary product
revenue over the same period in 2013
they are going to hire more people to sell the new un-proven products and burn more cash.
Mike admitted that it was after they got the cash infusion that they came up with the brilliant idea to sign up and spend it all perusing a new unproven joint venture which Mike deems "transformational"
it certainly is, it burned up 3.2 million in cash, is estimated to burn up 4 million more this year.
will leave the company with 5 million, a depleted stock price, a delisting, and much more I am sure.
hard to answer when results not released. last 10Q was nov 6th.
where do you think results were released??
I was just pouring over the charts myself. I am not 100% on your cup forming, but I believe the short term bottom is in. looks like the direction is up.