What are your opinions on this announcement? I feel this could be very good news or very bad news. The reason I think that this could be very good news is because if lifeline does bring this first warning system to the market sometime soon, hopefully, it would be huge for the stock and could revolutionize the breast cancer screening industry. If this first warning system was FDA approved that would drive lifelines stock prices through the roof. And considering the fact that one of the top doctors in the world in womens medical conditions and treatments is on the board of Lifeline (Dr. Louis Keith vice president of Lifeline Biotechnologies) it seems like a good possibility that he feels this First Warning system is a revolutionary product in the breast cancer screening industry.
On the other hand this could be very bad news for the near future of any current stock holders. The reason I think this is because in the press release lifeline states that they will pursue the development and testing of the first warning system. If life line has to pay to test the First Warning System and develop it then they might need more capital. Bad news because it is obvious that there way of getting more capital is by reverse splitting the stock then selling more shares. Any current shareholders will get hammered once again.
What do you think, Serious opinions or facts only, thanks.