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Arnold, in the 14A it says, "Dr. Skolnick was paid no bonuses in 2005 in his capacity of President." What was the bonus for?
Don't know much about Hogger...but was told he visited the office quite often and was very supportive. I know nothing about patent law....except that a pending patent makes proving a technology claim, as of a certain date, much easier.
Spiffy33...If I might add also....Skillern's name probably appears on some of the revisions to Conrad's patent and to a number of early company patents.
Spiffy33......Skillern is the one who was approached by the patent lawyer for Conrad who told him that Conrad had a patent about to expire (probably for lack of funding) that was somewhat unique. Skillern imediately made the intellectual leap in understanding the potential applications. He then worked for over a year with a doctorial candidate micro-biologist to work out the practical details. The biologist was the husband of a student of Malcolm's at U of H. Malcolm, at the time was moonlighting as an expert witness for hire for the patent lawyer.
It was Skillern who revived Conrad's patent, saved Chen's career and then handed a very viable company to Malcolm, who was approaching retirement and wanted a hobby type business that was easy to run.
Be sure to get your buying done before the first of September....
I'm familiar with the history....and....Malcolm is smart, very smart, but he ain't no Thomas Edison....
GE was founded by Edison......
I will just be glad when you can afford some capital letters and punctuation marks......
Gatt or Arnold?
no one is talking about retirement.... just a simple managment decision... to make an experienced business person President. That particular decision would make Malcolm a wealthy CEO...and make the current stockholders extreamly happy.
Sorry... I'm not a patent lawyer and do not have the experience that you must have. I only know that the main advantages of the patent process is that it dates and verifies who had the IP first....and basically forces those who are trying to patent a similar item to explain how it differs from the preexisting pending patents...a pending patent is also a fairly good court document to have - if needed.
I don't think you want approval....you want to tie up the technology so no one else can exploit it without you getting a piece of the action. So you apply for the patent and constantly update and improve the application until you have the experience and financing to take advantage of the technology. Once the patent is approved you have a fairly limited amount of time to exploit the technology. Malcolm is very knowledgable about the process and would do nothing to jeopardize the company's IP. He would, however, because of his lack of business experience, be unable to recognize and exploit everyday business situations that he confronts. I believe the stock would be unstoppable if he would do one simple thing...........hire an experienced President to run the company. He could remain CEO.....but get some experience in the management decisions. If that happened it would be $20 stock.
JJ,
You have just pointed out the only way to make money year after year in this stock. Sell in December and buy at the end of the summer - well before the first of September. Malcolm has a thing about, during the holidays, having to explain why the company is doing so crappy.
(smile) (wink) (scratch)
gdepc admits not playing with full deck.......
Yes... the CEO believes everything he says...he said, " this stock is worth $20 a share - today." It's just very frustrating that he said it in the summer of 2000.
Flash flood warnings today in Houston....
The thing you have to maintain, with this stock, is your sense of humor. After all we are funding two of the most expensive “on the job training programs” in recorded history.
You have to remember that even though Malcolm and Lawrence have no real business experience, Malcolm at least, has been and continues “selling” his resume as an expert witness, to augment his inadequate salary. That was how he came to the attention of Cryogenics in the first place. So at least half of the Dynamic Duo does have successful sales experience.
Malcolm uses his right arm when he does his marketing at Kroger.
Maury Fogle was our CFO's boss at the stock brokerage. He was hired to sell more stock. He left CYGX about 2 years ago because he wasn't sharing in the company's stock distribution plan to the extent he thought he was entitled. Interesting that CYGX has not updated their site more often than every two years or perhaps they just add to it and don't ever read it.
Is Maury there again? He left about 2 years ago...did they rehire him?
People sometimes forget that Malcolm was and probably still is a paid "expert" witness. His ability to speak the truth depends on which side is paying the bill.
Clayton...you are forgetting about fundraising expenses in your Red Cross advertisment...just trying get back OT.......
Speaking of New Orleans....thank you for that self described "left/progressive/liberal/Democratic point of view".... again... It's always reassuring when people use the death and destruction caused by a natural disaster to political advantage...let the good times roll....
Speaking of New Orleans....My understanding is that Bush called the Govenor on Friday and asked if she required federal troops and she declined his offer...Bush could have called it an insurection and declared marshal law - but then what would those who didn't vote for him say....let the good times roll....
Hogger, Thank you.
Speaking of New Orleans....It's always reassuring when people use the death and destruction caused by a natural disaster to political advantage....let the good times roll......
Speaking of New Orleans... I read that the levees actually held and contine to hold... it is the flood dikes that gave way because they were only built to withstand a cat 3 hurricane. Thanks for reminding me JJ.......
which government? It's been flooding there as long as people have been keeping records. The higher areas of the French Quarter were piled with cotton bales, the remnants of which are still seen when holes are drilled for foundations of modern buildings. Let the good times roll........
The Bigdog pump happened before Mealey - who was before Skolnick...it was Skolnick's friends that came in to buy because of his glittering CV and unblemished (and nonexistant), business career that pushed the market up. I'm sure Skolnick's had to do a lot of explaining over the years....
Very Suite...I hope one of them knows how to market a product other than stock...if not they should just hire more lawyers.....
No need to bash the company. More lawyers are always helpful in running a prosperous business. Is she a new staffer or a replacement for someone who's leaving? Anyway she does have "law firm business" experience.
Not an expert, by any means, but aren't they filing patents with many different patent authorities....if that is the case a single piece of IP could be responible for a number of patents.
Thank you for re-posting your insightful post of a few days ago....very pertinent...please tell us again, exactly where is our time?
I'm just glad there were no more press releases....three more PR's and we'll be in single digits....
glad to see you are lurking close enough to follow the idiotic dialog.
You're funny too...why do you encourage someone who has not bothered to pick up rocks.
You are absolutely right, the financing, for the forseeable future, will be in the form of dilution of the stock and the reason it will continue is because CYGX has no revenue. If they had revenue they could service debt bla bla bla bla....I'm just glad that management is able to periodically reward themselves, with additional stock, for the work the professionals in the lab are accomplishing.
"Was his lateness a factor in our getting delisted?" If you, in fact, know half the people you claim to you already know the answer to that question.....interesting that that bit of information would arrive in the form of a question.
Perhaps when CYGX starts selling the syn DNA they will have enough cash flow to service their potential debt, then it should be much easier for LW to obtain financing (and debt) in addition to dilution...it appears (according to posters) that there is alot more competition now then when Malcolm and LW took over. I'm glad CYGX has a nice building and pleasant surroundings.