Calypte Biomedical Corp (fka CBMC)

[cfoofme]

Anyone have comments on this post (if you are here with an agenda we dont want a reply):


By: stockerup0
16 Nov 2006, 11:48 AM EST
Msg. 69194 of 69202
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Some random thoughts on the conference call

1. Break even projected by mid 07, even taking into account a future raise.
2. Burn rate down to about $400k/month.
3. No technology problems with approval in China. Anyone who has ever done business in foreign countries, especially in Asia, the Middle East and Africa knows that the only certainty is that nothing will happen on schedule. All else is variable. No indication that there is a problem with CYPT's product or technology. Very good so far.
4. Management seems confident the technology is better than any other product on the market and is price competitive.
5. Still possible that last round funders may come through by end of November. If they do, it seems a new raise, if necessary, would be considerably smaller. Therefore, maybe the dilution is close to coming to an end.
6. Reading between the lines, it seems clear that a reverse stock split is a going to happen. Not a question of if but of when. If so, the stock should be able to move like that of a normal company with earnings.
7. Management seems to be balancing a number of balls in the air and only needs a few to hit in order to begin to turn the company around.
8. No evidence that Marr is abandoning ship, rather, they seem to be deeper and deeper involved in both China and Russia. That gives me a great deal of comfort given the size of their common shares owned and debt investment.
9. I was a little surprised Management did not know if the Orasure product was already in their markets. Seems like they should know that.
10. The CDC relationship seems to be healthy and expanding. That can only bring good things in the US and the world.
11. Finally, and most importantly, there is still no problem with the technology. That is the sole reason I invested in this company. If the funds can be juggled and raised in the short run then IMHO the long run looks pretty good.