Corgenix Medical Corp. (fka CONX)

[levelnever]

Interesting action with volume today (highest 1 day volume in history of stock), news coverage in past day and minimal chatter atm. Got to be alot of pressure on the BOD to bail on that deal. A really strange time to go through with an acquisition. If gov't speeds up approval process wouldn't be surprised if valuation shifted pretty dramatically. And would be hard to make the case for that .27. Even now at this point it definitely is, based on valuations of other stocks in area, should be way higher.

Either way, CEO and employees are still doing interviews etc. and with the latest interviews have faith that they can ramp it up quickly if government approval happens quicker. Of course, who knows, but definitely on watch.

http://rt.com/usa/196224-ebola-rapid-blood-test/
http://denver.cbslocal.com/2014/10/14/colorado-test-for-ebola-could-speed-up-diagnosis-to-10-minutes/

Because of clinical trials and other regulations, Simpson expects the Ebola test to get the green light in about a year at the earliest.

“What if the CDC said we need to speed this process up. Could you do that? We’re in sixth gear now. We’re going as fast as we possibly can,” Simpsons said. “It is safe to say Colorado is on the cutting edge of technology in detecting Ebola? Oh, I think so.”

When the test will be available depends on the U.S. government.