Great Basin Scientific Inc. (fka GBSNQ)

[webbbster]

Today THE BOTTOM IS IN, imo. bought back shares at 3.66 near end of regular session, then more in AH at 3.92.

Filled gap on the daily chart, patent news out, TWO FDA approvals waiting in the wings, both should be FDA cleared THIS YEAR according to management previously, warrants winding down as time goes forward towards the deadline, revenues cranking upwards, etc.


Remember this, the company said:

"Management expects that BOTH tests will be FDA-cleared by year-end 2015."


One additional test for Staph ID/ Resistance was submitted to the FDA on August 31, 2015 and management expects a second test that will be submitted to the FDA by the end of September. The FDA typically will act on submissions within 90 days of receipt. Management expects that both tests will be FDA-cleared by year-end 2015. As the menu expands, the revenue per customer will expand, which is a key metric for the company. Moreover, two additional tests will be submitted to the FDA in Q4 2015 and the Company expects those will be FDA cleared by mid-2016.


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