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How much failure do you need to see before you realize that this stock has nothing to offer? I posted recently that I was led to this stock by a shyster who said when to get in and when to get out. That was years ago,and I read the posts here for fun only (along with a few others). The same "advisor", whose real name I do not know, got me in and out of a stock that traded for two years after investors found that there was no existing company!
I am sure that there are some savier investors than I am here on this board but What keeps you going? I don't want to insult but please tell me. Thanks
I was in this stock years ago, enticed to invest by the companies anouncement that they had just presented their products to a "roomful" of governmental and private enterprises (a renegade from INTEL on the board). The promise of orders to come was to be soon. I bought in at $.18, it went to $.60 (or so, I can't remember), and dropped back to the mid-forties where I sold.
In the time since, nothing has happened to indicate any possible success in the future. Pumpers have appeared on this site talking about new money being put into ARSC, and that all investors should look at this as being a sign of future success.
UGH!
New money in sub-penny stocks is often given to the company to hype the stock price in exchange for shares to the lender/investor. The money is then recovered by the lender/investor by submitting bills to the company for "services rendered", and then the lender/investors sell their stock to the MM's.
I continue to read the posts on this stock for amusement but cannot resist making a post. I wish you all well, but have to admit that I originally invested here because of the advice of someone who I have learned to consider a total shyster,but with whom I have made money by getting out of stocks upon the failure of the first promises of a new product.
jsgatt, Almost no chance at all unless an "angel" steps up to the plate on behalf of the company. Mortgages aren't given on spec from conventional lenders without the provisions of a cash stream from operations or guarantees of payment from parties who promise to pay in the event of failure of the company to pay the notes. The new money will be from new investors which will cause dilution. If the company's science is good, it won't matter much in the long run as the upside is great! I will jump back in when I see management be trueful about the time lines for sucess, which is something they have NEVER been before. Take care.
Chadman, the creditors, for example GE, would be able to appeal to the court about the distribution of assets, if any, if the company were to be considered insolvent by a bankruptcy court. This company appears to have no assets other than its potential science. I am not that knowledgable about "work in process" assets like patent applications, but my lawyers have told me that a receiver could convince the court to allow a company to pursue the completion of a patent or a permit if funds can be reasonably obtained and that it would benefit first the creditors and secondly the stackholders (and pay the lawyers bills). Take care.
The best to all to a pretty good bunch of people on this board. Have a happy holiday and may the new year bring good to all of us and others, especially those less fortunate than ourselves. Take care!
Marcus, I appreciate your thoughts and responses and look forward to more. And I want to owe you that doughnut; I mean I'd rather owe you than cheat you out of it. LOL Take care, and the best of all to you and yours.
Marcus, and a good bit of holiday cheer to you as well. A nice holiday present from CYGX might be to tell the stockholders what the true time lines are for approvals and success of there products. My major gripe with this company all along has been with the communications to investors (which you have agreed is poor), with a minor gripe about semi-sleazy PPOs. I want synDNA to be the real thing for the good of mankind (corny I know, but true) and I would like to have a sound investment here as well. Is it required that I have a background in biotech to invest in a company like this? I own about 30 equities and I know more about this company than many of them because of this board and the mostly sincere and informative posters. I hope that this company makes it through January, however, and have sold off the rest of my shares. I will continue to watch and will jump back in when I see progress that I understand as a lay person in this industry. Take care and please help the rest of us the best you can. Your post are very helpful, more so when you are not angry (same here) LOL!
Marcus, thank you for your usual thoughtful response and I look forward to more of your posts. I do not choose to criticize anyone for arguement's sake, but I do sometimes weigh in with my opinion of unhelpful bickering on the board. I respect your defense of the Company and the people that you know there. When you think you see slander, point it out. When you think you see a misguided person, be a little kinder. Take care.
Marcus, I usually look forward to your posts as they are well written and you seem to be close to the "source" of all of our interests in CYGX, but recently you seem to be an angry apologist for the Company. Your response to Arnold, our ranking wet blanket, is almost silly. You are at your best when giving us your thoughts on the company and its prospects. I have posted in anger a few times in response to provocative statements by our buds on this board only to find that the next day I felt that I had diminished the way others viewed my opinions.
Please continue to post. Argue all you feel you should when it concerns the Company. I don't agree with you on all fronts but on most I do. My problems remain to be how will we remain afloat fincially and what is the time frame for approvals for synDNA, etc. Your comment to me earlier that even if you knew the Company'y financial options you would not mention them is troubling. I am not experienced in biotech start-ups but I an VERY experienced in start-ups in general and have sold two to public companies. I worry here that that poor company communications will continue to create distrust with both investors and their brokers, not a good thing!
Marcus, to reiterate, as you seem to be close to the news coming from the company, I would love to hear what the CYGX gang is going to do to finance the next year or two of operations. I want to note that you first came on the message board as a good voice for the company and were helpful in explaining some of the short falls the co. has had in communications with its stockholders; you are now becoming less than helpful and argumentative in almost all your posts. Can you help here or are you going to be just another ---? Take care.
Marcus, have you heard anything about how the company will finance its on-going operations for both the near and long term. The balance sheet is troubling and I haven't gotten word on new money. TIA
The word from my semi-reliable financial gurus is that CYGX may be announcing some satifactory results from the testing going on at the University of Pa., which I believe involves the HIV type studies on animals. I hope it is true and I hope it it encourages new financial backing on the near horizon, as I don't see how CYGX can make it more than a couple of months without a major capital infusion. My hopes are that a major company sees the promise in our science and takes over the reins. As for myself, I'll be cashing out the second half of my investment here before the new year unless I hear news of financial support for the next two years or so. It is my view now that I can always jump in again later and still make the big bucks if synDNA is the real stuff as this stock is not being followed closely by biotech brokers and will move slowly as it is controlled by the MMs. My apologies to the RBWs here for being a wet blanket, but I have to SEE something believable. I hope my latest rumor is true and please don't hate me if it isn't. Take care.
Bigworld, Thank you for your thoughts in your last post. It certainly makes one sit back and consider what is important and what is not concerning possible cures. Fellow posters here point to the importance of government contracts, which I believe you can't get without products without FDA approvals (we have none to my knowledge). But what about government grants? Why doesn't CYGX qualify for any of those? It seems to me that if synDNA is what our company says it is we should be offered government grants and have big pharma competing for our products. I worry about the company's survival after seeing the last balance sheet. It appears that the company survives with the blessing of its creditors (GE Healthcare?) and has no future funding which it can announce. I hope very much that our "dream vaccines" can be brought to market, first for the people they will save and then for us. Take care.
Marcusaurelius, you're right change is good, but merely changing personnel and keeping the company going with the same poor business plan is not the answer, regardless of the energy created with new, smart people. The company needs to assure itself of the necessary financing to get through the approval process and to market. I have no idea how long that time period will be as the company gives only vague projections. I feel strongly, however, that it is better for the company to take on a strong JV partner rather than to continue to struggle to make ends meet each year. As a stockholder, I would welcome a 50% dilution of my stock value to be assured of the company having time to get things done in the best way. If synDNA is for real, we will all prosper well in the end, but we must get to the end. Appreciate your posts Marcus. Take care.
Jimmie Joe, I think that you will find that most of us who are behind this investment but who are often critical of management (like myself) are not questioning the science or the procedures involved with running a biotech company. I think that the disatisfaction comes from feeling out of touch with the progress of the science and the feeling of vulnerability concerning the company's finances. Poor public relations is the problem here, not the future of synDNA if it turns out to be all we want it to be.
I appreciate your knowledge of biotech operations and the contributions of other posters who understand medicine and the biotech arena better than I, but I stand firm in my opinion that the company could be better managed. As I have alluded to in previous posts, I would be happier and more supportive of management if I could feel confident that the company can get the financing it needs in the proper way and if I had a clue as to the timetable for success (within a year say).
The info I was getting from the company came through a broker who said he was getting info from financial management at CYGX. I then proceeded to make an ass of myself by posting what I had heard on this board (i.e. agriculture, China, etc.) only to find out later that it was either baloney or way in advance of the potential deals. The info I was getting also came at a time that the company was "quietly" promoting PPOs. Hello!?
I sincerely hope that CYGX's management can reinvent itself to address my two major concerns or I will take your advice JJ and bail on the last business day of the year. Have a happy Turkey Day!
Marcusaurelias, thank you for your thoughts and responses.
marcusaurelius, yes change will be good in the company's financial approach to the future. Truthful PRs from the company about time frames for approvals, successful trials, potential JVs, or a restructuring of the whole works would be refreshing, IMHO. Please explain your new rapid-fire posts on the board. You seem well informed. Take care.
Marcusaurelius, you are right about the first two gross mistakes, but there is a third which is just as important.
3) You can't continue to make investors victims of unfullfilled expectations and expect to go back to the well for new funding without a cost. Let us hope that CYGX can go on and produce the science required for success, but let us also hope that they can find their way to sound financial management, which they have not had to date. A partnership with big pharma or a venture capital group that would ensure our longevity would be great, even with a big dilution at this point. I'll take half a loaf of something (as opposed to zip) as long as it gets us to the right end. And by the way, the big picture is not clear here for many, thus the busy board. Take care.
Bigworld, my source has been mistaken several times in his predictions about CYGX. He says he has communicated with LW by e-mail in the past and has passed along info to me and others; thus my posts about PPOs and other things. I choose not to be specific, but I do have a feeling that the old ways of financing things at CYGX may have to be revised. It is only a rumor I pass along and I hope it will be only positive for us all. Not making trouble here I hope.
It is with some trepidation that I post this rumor as it comes from the same chap who passed along some info which I cheerfully passed along to the rest of you, hopefully with caveats to do your own due diligence, which turned out to be BS. Anyway, FWIW, I have heard that LW is no longer with the company. Can any of you who are closer to the action than I comment on this? TIA
Jimmy Joe, Geez, we almost had the board settled down to an acceptable level of civility. In fact, we had some folks actually posting about the company! LOL If any more posters rise up in righteous indignation, no one will remember why we're here. Stay cool.
scootergrrrl, I am not a moderator. I am not sure we have one. And congrats on finishing things! I look forward to your views on the future of CYGX. Take care>
scootergrrrl, I did a couple of posts compaining accross the board about the large volume of off-topic, personnal bickering that is going on. Some others did as well. I usually post directly to others with ON-TOPIC posts, criticisms, opinions, and whatever. I mentioned your name because of the large volume of O-T posts by you in the last couple of days. Bigworld is usually very thoughtful and often helpful concerning CYGX because of his background. I was sorry to see him compelled to answer your posts. PLEASE keep your posts relevant or e-mail others directly. TIA
fearfrost, I couldn't agree more! This board has transformed into a venue for personnal political views and pathetic quibbling over garbage. There are no debates going on here that have anything to do with this company or the financial markets that might affect this company. In fact there aren't any debates at all but rather diatribes posted in an argumentitive fashion with the apparent purpose of "putting down" the poster who holds opposite views. Melodramatic and worthless to the rest of us!
gdepc, well stated opinions about the state of affairs that we all face are acceptable postings, not the drivel we have been subjected to in the last couple of days. "Smart posters"? Go back and read the posts of the two I cited. Sound like intelligent discussion? Fascinating opinions, eh?!
scootergrrrl, Your last 12 posts have been personal opinion drivel with no posting about the stock in question or any relevant subject matter. No one has attacked you in a personal way yet, but they may soon if you don't behave yourself. The arguing on this board can be quite fractious but it is rarely hurtful on purpose. Lighten up please or go away. Take care.
scootergrrl, why don't you post something about CYGX or the market in general instead ranting your political views and insulting posters on the board. You haven't said anything helpful, insightful, or meaningful yet. Please go away.
micasey123, I think you posted on the wrong board by mistake. This company doesn't exist anymore in a conventional sense.
gdepc, GSL retains the land, the permits, etc. until the contract is statified. GSL may feel that the site is a worthy investment even if CYGX punts, especially if they have a deposit of some sort. I hope it all works for the stockholders of course, and I hope that our company has the goods to make this step a minor one in terms of the big picture, but I worry. Take care.
downreg, if these guys had the "stones" to personally guarantee the mortgage for the new facility, it would send the stock to $3 on that message alone. It makes good sense to keep the debt for this deal off the CYGX books unless there is some great news coming down that will make these numbers insignificant. Perhaps the potential success of synDNA willbring in a new backer. Take care>
Holycow, the options for CYGX to finance the proposed facility are fairly limited.
1. they do not qualify for conventional bank financing unless personal signatures from concerned people (i.e. management LOL) can be obtained promising to pay off the cost of the building if the company fails to do so.
2. they raise the money throught the sale of stock. I recall a statement by the company last spring that said they needed about $6.5M to get through the rest of the year and that around $4M would be needed to pay for a new facility. Dilution involved with this option.
3. Other smarter companies than CYGX often find an "angel" to either pay for the building and lease it back to the company at "favorable rates to the landlord" with an option to buy, or set up a side company that will own the real estate and perhaps get a stock position in the company as well or a combination debt and stock position.
I hope that the company is getting close enough to success that they can find an "angel" with some mercy for the present stockholders like us! Take care.
Holycow, thanks for your thoughts. You are a good guy and a good cheerleader. You sometimes confuse me a little but I appreciate your enthusiasm always. Take care.
gdepc, thank you for sharing your knowledge of all this. Let's hope that the "angel" is a true angel for all of us!
Holycow, Is something good happening? What is this mode of communication that is hidden and why? What is clear to you that remains hidden to others? You usually are very forthcoming. Please share your thoughts. TIA
gdepc, do you have knowledge that you aren't sharing about the financing of the new facility for the company? Is there some good news coming? TIA
Tatonkano62, Could cost LOTS more than is shown. A company like Cygx that has no "cash from operations" has little chance for conventional financing from banks or most mortage brokers. They usually need an "angel" to back the deal and that new backer often requires something "to sweeten the deal", like stock or pledged assets of the company which can include patent rights, both present and future, warrants, etc. Most of the public companies that I have dealt with on real estate and finance prefer to keep property ownership off of their balance sheets to the extent that they set up side companies to own the propertiies and then lease them on a short term, renewable basis to keep the debt off of the balance sheet. For CYGX to own real estate at this point is perplexing unless their requirements are so special that leasing space is not an option. Another thought is that the company expects so much money coming soon from orders of synDNA that the real estate investment makes sense. I haven't a clue. Take care.
gdepc, the guys that I know that got in on the last PPO in the late spring were offered stock at .65 with one years restriction on a sale. They were current stockholders and dumped some of their stock at around market, about 1.05 to 1.00 (at the time) to the MMs in a day or two sending the pps to about .88. I wonder who orchestrated that? Just rumor of course. I wasn't invited to the party. I have no proof of this so it is just hearsay. Take care.
happycamper, I am with you dude! I have some friends that got in on the last PPO and are PO'd that we may be able to get in and out by year end and they have restricted stock for a year at about the price we can get now! I have been doing some busting at our weekly happy hour investment meetings, wish you could be there to see the fun. By the way, I like holycow and a lot of others on this board. I don't zap back at people unless I feel that I have been needlessly insulted. Take care.
Holycow, forgive me if it appears that I tease you about your exuberance about this stock. Some of your posts, however, seem to tease your fellow posters that they may not be privy to your info. Feel no sadness for me if I lose all here because I do not invest in stocks like this but for having fun. I confess that I was hoping for something good for mankind coming from the success of this company's research with synDNA (I know it sounds corny but it's true) and I am very disappointed with what is being told to us. I look forward to the expected year end BS to make a move. I sense you are a pretty good person and hope that our differences of opinion are just a sharing of ideas on good old CYGX. Take care.
Holycow, are you keeping something from your long standing fellow posters on this board? We are all long here as who would want to short a stock that has shown no pattern of response to any stimulus. Some of us are critical of the company in the way they manage our investment and others are happy to put full faith in management regardless of news of progress. You now have posted a few times in such a way that you may have news that most of don't have. Can you share your thoughts? TIA Take care.