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Skooby wrote:
"It means something positive happens and you and others find negatives in it. "
Well, positive things can exist which happen to contain small negative items within them. Discussing those small negative factors is not a sin.
It is a great, wonderful positive thing for CYGX to own 100% of their patents, but a small negative that the seller of the 10% didn't think the 10%-rights being sold was worth much money.
skooby, I'm confused by:
"Next thing you know they will get a $1 billion in a licensing deal & you'll say it was worth $2 billion, jeez."
What does that mean?
I've been in this stock since Feb '00 (over 4 years) and sure don't need "jeez" comments. I'm quite happy cygx now has 100% ownership, but thought the low price deserved discussion.
It's one thing to discuss the facts concerning CYGX, and quite another to speculate about people you don't know, and place words in their mouths... please stop guessing about me and what I may say in the future.
>It could the very thing that was making finances difficult for several reasons.
Could anyone expand on this thesis? Why would the Hunt's getting 10% of future revenues be a dealblocker for financing? I can see why if the percentage was larger, but 10%?
There is speculation/assumption here that this buy-back of the 10% is somehow related to financing. I am not convinced - no one here knows, so this is guessing, not fact.
I think the fundamental issue for financing will be to convince the potential investor(s) that the science will make it thru FDA drug testing Phases. That's how the investor(s) will see a return on their investment - drug licensing agreements. Whether 90% or 100% of those big $$ licensing agreements makes it to CYGX seems much less important than whether those revenues will ever EXIST or not.
>Do you like CYGX management?
Yes, overall:
1) they still exist (times were WORSE financially a few years ago)
2) they continue to form new alliances/relationships with leading researchers in their field
3) they are communicating the "cygx story" thru a variety of means (radio, conferences, internet, etc)
I wish they could get real financing, and wish they would make the stock price go to $100 right now. However, I've waited 5 years so far, and am quite excited about the next 5 years of CYGX ownership.
I feel it is quite likely that CYGX will make my wife and I financially independent someday. Once a story appears in some form of national media (tv, major newspaper) about cygx and a potential "cure for cancer/aids/sepsis/whatever" we could get a huge price spike.
skooby, the negative is obvious - someone thought it was a GOOD DEAL for them to get only $25,000 for that 10% of cygx's patents they owned. Maybe they are just stupid, and got ripped off by CYGX. Or, maybe they are not stupid and feel lucky they got as much as $25,000 for these 10% rights.
I own between 30,000 and 40,000 shares of CYGX, so I sure hope we ripped them off, paying only $25,000. Like I said, I was a bit startled to see how low of a price it took to get that 10% back - wouldn't you have preferred the validation on the value of CYGX patents that a much higher price would have shown? I would love to have seen CYGX pay (and be ABLE to pay) $500,000 for those 10% rights, valuing the patents at $5,000,000.
I'm not very concerned about it, and will be buying more CYGX soon, but thought this low price deserved some discussion here.
News is good, but bad side is that it only values these patents at $250,000 total (if 10% can be had for only $25,000). I saw astounded to see how cheaply cygx bought back these rights. I hope their future valuation will be much higher - the seller obviously thinks they will NOT be worth more in the future.
I hope seller is wrong, but am concerned at the low valuation.
Arnold,
1) Jett and Mr. Violette collectively own 19.5%, not 30%
2) ownership is not debt. they did not LOAN money to CYGX, they SPENT money to buy stock.
If you don't like cygx management, sell your stock.
Gimble, please don't use that kind of language here. You are to be commended for doing your own DD and calling CYGX. However, your choice of words is not commendable ("you f... m...").
Please allow this board to continue to be a civilized place...
Just Curious, I'm saying the same thing you are, scrodbox is doubting it, not me. I'm saying to him "big deal, they want privacy - so do my wife's parents in their LLC, and they are fully legitimate businesspeople".
I think Phanuel is fine, the CYGX board of directors, and their Advisory Board, are composed of smart people. Those directors and advisors would not allow CYGX to align itself with some shadowy criminals. This is common sense.
REMOVED (EOM)
scrodbox, that is absolutely moronic. The lack of info in Lexis Nexis on Phanuel Pursuits, L.L.C does not indicate or prove fraud.
My wife's parents own an LLC, which owns a shopping mall. You will find NO info on this LLC anywhere, it is private, family owned, and has nothing to do with the name of the mall. It is also fully legitimate, tax paying, etc.
The Virgin Islands, and other offshore locations, pride themselves in providing privacy for corps which locate there.
That does not prove fraud.
Here is info on BVI incorporation
http://www.elanbvi.com/ibc.html
note this quote: "No required public disclosure of company officers or shareholders" (in bold below)
"An International Business Company is a corporate vehicle having limited liability, which, provided it has no business activities in the British Virgin Islands, is wholly exempt from BVI tax on its income and from inheritance or estate tax on its shares. Only a nominal annual fee is payable to the Government (in most cases US$300). An IBC can have bank accounts in the BVI, deal with lawyers, accountants, trust companies and other professionals in the BVI, hold company meetings and keep its accounting books and records in the BVI without breaching this restriction. By incorporating in the BVI, a business gains a wide range of competitive advantages, including:
# Exemption from all local taxes and stamp duty.
# Flexible and creative corporate structures for international businesses.
# Online name reservation and incorporation (fulfillment within 48 hours).
# Customized corporate certificates and document verification.
# No required public disclosure of company officers or shareholders.
# No accounting, organizational or annual general meeting requirements.
# Freedom to transfer assets or merge or consolidate with foreign entities.
# Availability of bearer shares and no minimum required capital.
# Option of one or more shareholder(s) or director(s); no residency requirements.
# Shares issued in any currency or for consideration other than cash.
# Access to experienced and trustworthy local industry professionals.
# Highly competitive government and registered agent fees and costs."
Here is where I got the BVI financial info - from BVI's official government website:
http://www.britishvirginislands.com/finance.htm
BigB - I agree, and hope someone starts it soon...
("one good ear, somewhere can start it.....")
BigB, most likely 99% of those reading this PR already own the stock and are "believers" in CYGX. Until some major widely-read press covers CYGX, all the good news in the world won't get us any new shareholders (which results in a higher share price).
If I mutter to myself "I just found the cure for AIDS and Cancer", no one will come running to hand me money, since no one heard what I said...
Berlin DOES matter. From posts on TRBY board, I've learned that the scum doing "naked shorting" of BB stocks have found a loophole in the new rule prohibiting "naked shorting". "naked shorting" is shorting a stock even if no shares are available for borrowing, essentially allowing someone to short an unlimited number of shares. That is bad for us longs!
If a stock is traded on multiple exchanges, "naked shorting" is apparently allowed, to facilitate arbitrage (profiting from differences in price between the two exchanges). So, TRBY has learned that shorters are FORGING applications to the Berlin exchange, getting stocks listed on that exchange without the knowledge of the company(s). They pretend to be the company, and apply to have their stock listed there. Once listed, they can use the loophole to do "naked shorting".
The fact that there is zero volume does not mean it has no affect on the US OTC-BB price - the mere fact that it is listed on 2 exchanges allows "naked shorting", which hurts our USA price.
Read the recent PR from TRBY, discussing what they plan to do about it, and the related discussion on IHUB's TRBY board.
This is all from memory, and I'm no expert - but it makes sense to me.
Regarding Scooby's goal of $50, the right headline in the
right national publication could easily create a
"TASR-like" run (see a chart of that stock).
"Genetic Cure for Lung Cancer Found" (or something similar)
in the NYT, WSJ, etc, would do it. Or TV, etc.
I'm NOT hinting at anything, just saying that IF something
unlikely but wonderful happened, such as a great article
in a widely read publication, a huge spike could result. I rode NSCT from under $1.00 to $19 in two weeks, on
speculation that their TMOS chip would prove to work.
I was too greedy to sell ("it might keep going up!").
My point is, that was NOT with a reatment/cure for any disease, and
it did NOT get any legitimate press coverage (nor was it
worthy of any) - yet it still went up 20x in 2-3 weeks
(4-5 years ago). Here's a monthly chart showing the spike:
http://www.siliconinvestor.com/research/chart.gsp?i3=8&i2=6&i1=3&i0=1&period=120&...
So, the right publicity could do it. At $19, my wife and I
could pay off our mortgage 4 times with our gains,
let's go!
arnold, regarding university writeup, you wrote:
"As for not hearing the results of the herpes testing, CYGX says that they are still waiting for the University to publish the results and they themselves are surprised that they have not done this already. It seems unacceptable to me that these tests were finished so long ago, almost a year, and we have not heard the official results of the mice testing, let alone the guinea pigs. I'm sure the University has been paid to run these tests for CYGX."
When I was a computer science grad student, I worked on a research project funded by McDonnell Douglas (sp?). I wrote up my results for them whenever I had time, within the very loose contraints of the long-term deadlines of the project.
Some grad student is probably just too busy, or has been assigned to work on something of higher priority. When the Prof. says "jump", grad. students say "how high?". Sounds like CYGX needs to exert pressure on the supervising faculty at this university.
But, relax, its probably a procrastination issue, not a "does the science work" issue.
I agree with spiffy 100%, CD's recent posts don't match the tone & politeness of most other posts here.
texas, read annual reports from previous years. The "1-3 years" that concerns you is actually SHORTER than previous reports - it used to say "3-5" or "2-4" or whatever (I don't recall) but "1-3" is definitely an updated time frame - BETTER than in the past. This stuff takes a long time.
I've owned CYGX for over 4 years, haven't sold a share. Things are MUCH more positive now for CYGX than they have ever been.
Hang tough...
RaptorMan,
You seem to imply a question in your first paragraph: "Why didn't more than one of you respond to my link to the Scientific American article?"
In your second paragraph, you supplied my answer to that question when you wrote: "While I found all that stuff fascinating, it's not important to understanding the CYGX technology..."
I, and many others, don't have a biology/biochemistry/molecular-science background. So, I basically don't have the capacity to help "spark some intelligent conversation about the science".
That's probably true for lots of us, so please don't be disappointed - I'd love to discuss it, if I could! You, and others named below, do us all a great service by presenting and explaining various aspects of the science - please continue to do that - I enjoy reading it, even if I cannot intelligently discuss it.
I basically trust the press releases of CYGX. I greatly trust the outside experts who have chosen to lend their names to CYGX, via research agreements, or being on CYGX's advisory board, etc. That says a LOT about the validity of their science. I also trust in the opinions of those like yourself, neo43, grrdvm1 and thalio, who all seem to be knowledgeable enough to provide independant validation (even if from the "outside") of CYGX' technology.
I think the confidence and specificity in this PR are ground-breaking.
---
"Recent animal studies have shown that CytoGenix' gene silencing compound eliminates sepsis in mice."
To flat-out say it "eliminates sepsis" is a VERY confident statement, even if only applied to mice.
---
"These results are unequivocal and plans are underway to expand the animal studies to other species in preparation for submission of an Investigational New Drug application to the FDA later this year."
I don't recall the phrase "Investigational New Drug application" in a written PR - it has been mentioned in interviews as an eventual thing they would do, but I don't recall it in print before, or with a rough timeline.
---
Arnold, you wrote: "My posts are not helping the PPS.".
IMO, no post here has ANY effect on PPS.
B/A = .80/.81, vol=742,250 at 9:59:56 EST.
742k volume in 30 minutes is amazing!
maskers, those are excellent questions, but your first line is wrong. Those are questions for the MANAGEMENT, not for a subset of the INVESTORS ("the board").
No one here can answer those questions with any pretense of authority.
peace_2_all, you wrote:
"Again, I am willing to fork down 25k of my own money if I can get the same deal the hunts get. You can tell them that for me. Like I said they should come to us small investors to make us accredited buyers under the table, lol."
If you are serious, YOU contact the company - asking anyone here to do that is not the typical way to approach such a transaction.
Perhaps you are not wealthy enough to be an "accredited investor" (as classified by the SEC) - I'm not. If that is the case, then you can forget about getting a private placement deal, since the SEC requires that status (or "sophisticated investor" status) to invest in such deals (see links below).
A quick Google search on "accredited investor" and "private placement" produces the following link. Read it, and contact CYGX yourself if you qualify, and quit whining about it if you don't - it is YOUR financial status (in the eyes of the SEC, not CYGX) which either qualifies or disqualifies you to get a private placement.
http://www.absoluteipo.com/ppm.html
Here's the definition of "accredited investor"
http://www.absoluteipo.com/ppm.html
You can also get private placements as a "sophisticated investor" (even if not "accredited") but only 35 investors per entity can be "sophisticated" - here is link to def:
http://www.absoluteipo.com/sop_sec.html
peace_2_all, please calm down. You wrote:
"Now, they are trying to corner sahres of CYGX by handing out pennies to CYGX's management. THis has to stop. I prefer S8 any time instead of this BS sweetheart deal the co has done in the past. Enough is enough. Yes, they should ask how many of us are willing to come up with 25k to be accredited buyers like the hunts. I will gladly be one. I can assure you a lot more will be there to help the co and the other shareholders without being greedy. Why not they try it?"
You need to read the past SEC filings of CYGX. they list all the purchasers of "private placements" to accredited investors. They list names, dates, and number of shares purchased. You have never heard of the vast number of these people. The purchasers ranged from tiny numbers of shares to huge numbers of shares.
These purchasers bought BEFORE the science was as far along as it is now. Ie, they took greater risk than many of us did. Without them taking these risks, the company would not exist right now.
You need more knowledge, no one "doled out" any shares, and LOTS of people bought them. You can to, contact the company and ask them.
beau1460, well said. People have every right to privacy, including their investments. There are people out there who put up their own MONEY to start Phanuel. They have zero obligation to tell anyone ANYTHING about it. It is 'privately' held, unlike CYGX which is 'publically' held. 'cygxup', do you know what 'privately' and 'publically' mean?
As to your nagging about "They won't tell me how much money Phanuel paid CYGX" - did you not read the same post I just did, that this amount will be disclosed in the next SEC filing from CYGX? Cygx is required to disclose this, and they will. That's what a 'publically' held corporation must do here in the USA, and they will do it.
Lighten up and read the SEC filing when it comes out.
cygxup, you are very naive and paranoid. Ever heard of DAARAN?
It's a corporation, in a midwestern state, privately owned by my inlaws. The name is made from the names of their three children (note caps): "DAvid, sARa, susAN".
It has made LOTS of money, a family owned business. It does business under a different public name (a small chain of grocery stores).
You can find NOTHING about it on the internet. It has existed for 20+ years. It is as legitmate as you can get. If my father-in-law ever decided to invest in a license for a new drug (thru DAARAN), he sure as H#@LL wouldn't want people like you bugging him.
Sometimes things actually exist in the real world which do NOT get mentioned on the internet. People value privacy, even when they have legitimate businesses.
Sell your cygx, please, and leave us alone.
hogger, I know you didn't ask me, but in my opinion, the downside of a takeover is that we don't get the long term growth in stock price. Our gains would be capped at the buyout price.
I think CYGX stock price will get higher in 2-5 years if it stays independant, vs. getting sold in the next 12-18 months.
Imagine the price we could sell for if someday there is a New York Times headline about CYGX: "Is This the Cure for Cancer?"
We cannot have a hyperbolic, super-exaggerated spike in share price if we've already been a bought out.
reshen1, Mainehiker asked questions that show little desire to actually do work on his own to get them answered. He can call the company, read the website, etc, but does not do it, instead raising doubts in nearly every post that could be dispelled by a little research.
For example, he recently asked us to explain why or if any firms out there would be 'forced' to use CYGX technology. Reading cygx website would answer that (ie, that CYGX has unique advantages in getting RNA/antisense into the cells, etc- which doesn't FORCE anyone to do anything, but does it better than any other known technology). Besides, when did CYGX, or anyone here, claim we could 'force' customers to use our technology, or that we would need to 'force' them to us in order to succeed?
At best, he is lazy. As Neo said, he is FAR too skeptical to ever invest in cygx. I think he is trying to bash the company, either that or is truly WAY too over-analytical, spinning in intellectual circles while too afraid to take action. He appears, based on his posts, not suited to risky investments whose future returns cannot be precisely quantified.
I find him annoying, and feel he subtracts from the overall value of this board, and never once has contributed a post I felt was useful, so I placed him on "ignore".
neo, ignore mainehike like i did - click on his name, then select 'hide this poster'. (or something like that, don't recall exact words)...
regarding this sepsis PR, it's exciting, but not the first time they have mentioned this type of application. Let's not get TOO excited here, it's not like they are doing human trials on this stuff yet - I think it is great, but I'm just trying to keep expectations realistic.
Maine wrote "lets see 'tear down the stock', if you think i, one person can do that by posting some INQUIREIS HERE..."
Please read more carefully.
First, I used future tense ("It will be"), I never said you were doing it now.
Second, I never said you would succeed - I said you would "try to" tear it down.
From my earlier post:
"It will be great fun to watch him try to tear down the stock, hoping it will drop back down so he can get in cheaper."
thalio, thank you IMMENSELY for your report, and for your restraint in what you chose not to report.
I think it is GREAT that MaineHiker can't see the forest for the trees, it will serve him right to get left behind on this stock. It will be great fun to watch him try to tear down the stock, hoping it will drop back down so he can get in cheaper.
I don't want anyone like him making a dime off of CYGX.
thalio, agree 100%, the science will control the stock price in the long run. Short term price fluctuations in this stock are utterly meaningless. That was my point, conferences or specific PR's mean nothing in the long run - it is the gradual increase in exposure to the science that provide our capital gains. This increasing exposure takes place in many ways, and I sure hope the upcoming conference helps in this process.
As CYGX's science matures, the circles in which CYGX is known will expand (in both size and significance), eventually increasing the stock price as well.
My first 10,000 shares of CYGX were purchased years ago at $1.60 per, so I know all about patience, long-term perspective, etc... (it was actually a low price at the time - most CYGX stock charts don't go back that far due to its losing OTC status for a while, trading on the pink sheets for awhile - most web-site stock charts only show its price since coming off the pink sheets)
Here is one chart that shows it all:
http://bigcharts.marketwatch.com/print/print.asp?frames=0&time=13&freq=2&compidx=aaaaa%3...
Dr. Chen has spoken at various conferences in the past, announced by PR's from CYGX. Typically there has been little to no reaction in stock price.
It would be great if it helps the stock price, just don't get your hopes up.
From cygx web site:
april 02: "CytoGenix to Present at 5th Annual Meeting of the American Society of Gene Therapy"
dec 01: "CytoGenix Announces Drs. Stein and Chen Report on Cancer Breakthrough to Gene Therapy Conferees"
june 01: "Peter Glazer Addresses M. D. Anderson Researchers"
april 01: "CytoGenix's R&D Chief Invited to Speak to James Graham Brown Cancer Center"
>lonestar, ever hear that Lyle Lovett song "You're Not From Texas"?
great song, album ("The Road To Ensenada"), and singer/songwriter - that CD is in my car cd-changer right now.
Listen on Amazon: (no, I don't own stock in amazon
http://www.amazon.com/exec/obidos/tg/detail/-/B000002OZO/103-8715611-7071857?v=glance
Here are the lyrics:
http://www.lyrics.net.ua/song/58531
a financial email I get had this to say about share price movement vs. underlying business success, applies well to CYGX:
----
"Following Benjamin Graham's teachings, Charlie and I let our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.
"As Ben said: 'In the short run, the market is a voting machine but in the long run it is a weighing machine.' The speed at which a business's success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate."
---Warren Buffett, 1987 Chairman's Letter
thanks, but I just went to their website... I was skeptical at first, since I never heard of it, but they have LOTS of stations and cable networks that carry it, I was impressed. Some are showing it at 6:00am sunday morning (not good!), but at last it is going to lots of homes...
It MAY help, and if not, losing $11,500 probably isn't going to stop CYGX's science from working.
This "moneynet" provides an 11 minute interview, with questions given to you in advance to prepare. It is broadcast to 29 million cable-tv and sat-tv homes. It costs $11,500 to get on it. All this info is from Moneynet's web site (as given in PR).
The PR is also included in the fee.
Sounds like a good deal to me, one of their clients got a contract with Porsche as a direct result of their appearance, according to a blurb on the website.
$11,500 for that kind of exposure sounds like a great deal for CYGX.