old
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What's the chance? My father (70+) goes to Chicago to play golf with some old friends. After the round they are discussing various things, one being stock holding. One of his friends is an accountant/broker. He mentions this 'company' that will solve the MRSA epidemic. (Chuckle here). He says they are just about to get testing underway for FDA approval .
Well, unfortunately, I had promoted said company to my father (along with the help of a large share holder), (cough cough), and he bought more than I wish. So, with 2005 Skooby boldness, my fathers friend pronounces Cytogenix, Inc. as the next big player in the Biogene revolution.
My father doesn't keep track of the particulars with regards to CYGX, (thank God), so he doesn't say anything except "I have some shares in someting like that and it hasn't done very well".
Well after my father tells me the story, I picked myself up of the floor, and, relunctantly, told him the bad news. He immediately picks up the phone and called his friend to share his new discovery.... Via speaker phone, I hear the longest most drawn out use of explitives I've ever heard. This is a Vince Lombardi like man and you just told him Pacman Jones is on his team.
Anyway, for all you oldtimers, this was for your enjoyment. That is about all I can see we will ever get out of it.
To further note the story, I came away with the belief that the FDA is in no hurry to allow gene manipulation via vaccine or injection due to recent failure in Stage III testing however the topical percutaneous absorption method was positvely highlighted. If cygx can stop tripping over its collective,,,,,,,,,,,,self, maybe Simplivir has a chance.
I think he meant around the corner in medical treatment terms so, speculate as you see fit but I'm guessing a decade or more.
I just watched John J. Rossi, PhD on a show called Health on Wealth, the wealth channel. Dicussion topic inclued vector delivery methods, gene coding, etc.. His departing remark were that he believed treatments are around the corner.
They (BOD) aren't, however, as abreast on fistacuffs in the executive suite or earnest money mismanagement as most.
To not accept them would reinforce the idea that, just maybe, there was not adequate oversight by the BOD (Band of Derelicts).
Kind of like the scene in the movie Erin Brockovich(Julia Roberts), when she offers the attorneys for the power plant a glass of water from the contaminated water shed. Oh if we could be so lucky!
D8- I'm afraid your point 2 is where it all comes unraveled. "the people in charge", keep appointing themselves chief cook and bottle washer at scamogenix. This BOD is kind of like the tag team wrestlers my 10 yr old laughs at late evening weekends. Picture these leaders of industry in tights jumping over the ropes. That's about all your investment in this company will get you. A good laugh!
HC, they wouldn't have purchased them. Their brokers would have advised against such wasteful investing.
whatever the purpose, Scott Parazynski just did the same.
my guess, malcolm had Bebel on his speed dial!
TH- Simple answer, Snakes don't have arms or hands.
Arnold, check the signatures on the loan document provided by truth #58161. I would guess that somehow, all proceeds paid as per the default, end up back in the control of on Malcolm Skolnick. The process he took the company thru to get to this point reads fraudulent. He has probably somehow connected himself with the construction concern. IMO only, of course. lol.
Truth, I noticed the same thing about the loan doc. Looks as though the same pen and same hand. With all the deception that has preceeded, it wouldn't surprise me if whoever signed the doc was one in the same. Never ending.
For 40K a year, it makes since to be on as many boards as you can, especially when you can cash your checks with little or no reproach.
scented synDNA? I think that was already suggested. I know there would be more demand at my garage sale than cygx could generate even if they were giving it away.
Come on BW.. It's the IP of course. The beloved IP...... which the market values at .06 per share. I think I could raise more money if i had a garage sale. My old sneakers are worth about 300 shares.
HC, which press release is more important in your estimation, the one regarding the results of the flu testing in mice or the one regarding the PP relationship or the new building or the GE Healthcare relationship or the patent allowances in tinbuckto or the ...........
Thank you Tibbcat.
One wonders how far down the money tree the SEC could go? I would hope that anyone who raised money for this company who had knowledge of the deficiencies in its moral makeup should be culpable.
I'm sure Malcolm will straighten everything out at the shareholders meeting. Right after the monthly update. And after securing financing. As soon as he finalizes the next patent allowance in Wehoseu Good.
OT Given the amount of foreign debt the us gov has forgiven and the amount of goodwill (US) dollars that have been sent abroad over the past century, maybe we will get a do over.
Might be what's necessary to finally lay to rest the argument against opening the guarded Alaskan reserves. What's even more sad regarding the impact of oil financials is that our govt. has decided that we can not drill off Florida coast, however China (via Cuba) is drilling as we speak 90 miles SSE of Miami. Who do you think would be more careful, US drillers or Chinese? Go cygx
So what is happening day to day now at hood-wink central? Are they just waiting for the money to run out? One can only look at a test sample for so many hours a day i would imaging. What does the chief delinquent do for his 7500$ week check? Ironically, if someone would have locked him in a closet 2 yrs ago, cygx wouldn't be in it's present state. And that's why, for the record, I think it was a sham from the beginning.
If Jesus could feed the multitude (5000) with only five loaves of bread and two small fishes, what could He do with the mess Malcolm has made with this company?
half a brain--huh--Well, that eliminates one ceo I know of.
For what it's worth, I did call Parag, investor relations cygx, and he did answer all my questions and his overall disposition seemed non deceptive and forthright.
Also, can we remove the new building photos? On second thought, nevermind, they may be evidence.
My questions are,
1. How much money they have right now?
2. What is A/P forcast for Q2?
Is #1 larger than #2. If not, turn out the lights.
D8- On a more serious note, to what extent do you believe that this whole undertaking of cygx, from conception to current status has been an engineered, orchestraded penny stock caper? The company has never done anything more than rearrange words in the form of press releases. Most telling is the decision making of Skolnick over the past 5 years. It was as if he was trying to peak the share price and then kill it completeley and hope all investors just walk away and consider it bad luck. (Insert oil drilling investment and dry hole here). There are more than a few solicitors of this stock that, I'm sure, benefited from securing investors such as myself in the form of zero cost shares or benefits yet to be seen such as conversion of share type.
I know that many oil drilling Limited Partnerships were proven to be scams from the outset and many solicitors are still in jail for their roles. It would seem that cygx fits the mold perfectly. No oil. Never was and they new it but drill anyway (build building in case of cygx) to give impression of legitimacy. Any thoughts along these lines?
No need to qualify. I stole my response from 'Larry the Cable Guy"!
HC- Can you please remind me of one correct decision your friend Malcolm Skolnick has made since 2003 regarding this company, it's products, it's IP, it's anything? Two, if your feeling lucky.
Malcolm now needs to be removed by proxy based upon the last 2 years of utterly inept oversight. This BOD needs to be held completely responsible for the decisions made over the past 2 years. Anybody know Carl Ichan? How about a pink sheet version of Carl Ichan?
Unfortunatley, malcolm business plan changes faster than the menu at Arby's.
If LW had a better right cross, would we be in a better position?
Ok- now what is cygx worth? Are the pink slips in the mail yet? Will Chen and the boys move back to the apartment in Houston and mix batches in the bathroom sink? Will someone see this as an opportunity to buy what remains of the IP that malcolm has guarded with such ineptitude. Will some of the large investors send their enforcers to Houston to exact revenge? Will this become a screenply? One thing is for sure. I have learned a valuable lesson. When an opportunity is presented to you, you must consider the sources credibility.
Sad to say but all of MS's moves over the past two years have fraud written all over them.
Oops. I guess malcolm is less capable than even I thought. Oh well, it only money. Even the slimmers who got zero cost shares have got to scratch there heads on this one.
"Here is a toilet. Please place $425,000.00 inside. Close lid and flush".
Your talking about people who can't give a monthly update semi annually. Wouldn't surprise me if it takes a month to clarify.
Even I, one of the biggest skeptics, thinks this is an outside hack, liken to wikipedia. Buried in the source code. No motivation. Me thinks this is not from cygx.
Cytogenix doesn't use the normal means of recruiting, ie monster.com, IMO. they use criminals.com to find the right person for the job. All in fun..