Thursday, May 18, 2006 5:44:07 PM
The performance of this stock today should have been no surprise to anyone having even a miniscule amount of insight. As you know, the recent pr, pumped by that pay-for-pump firm bought and paid for by our happy managers, was the sole cause for that unsustainable blip in pps. This has happened so many times before that I am surprised by the surprise of those who are still clinging to the possibility of a magical event to take this pig out of the gutter and to fly high. It will never happen...at least with what the company has so far to offer.
There is nothing visible on the horizon to even suggest a significant revenue deal based on what the company has for sale. In fact, I have questioned many times the commercial viability of the company's cosmiclifeform authored laundry list of goodies. Virtually everything on that list comprise nascent research which may or may not result into real world sales. The genotyping and other contract analyses services, together with Ancestry/forsensics have not, and most likely will not, garner sufficient revenues to even offset operational costs.
Bottom line, do not look for any sustainable significant upward movements in the pps unless and until the happy managers are able to get up off their collective butts and pull that special revenue producing rabbit out of the DNAG hat. Until that happens, we are all doomed to suffer on a continuing basis what we experienced today...maybe worse.
JMHO but glty!
dr f
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