NW LA: Sorry you got into this thing. I really am. Hell, I'm sorry I got into this thing and my losses aren't going to be that bad. Unless some financing angel, someone like GE Healthcare or a group of deep-pocket investors, comes in and provides a capital infusion, then the chances of the company surviving are ZERO. If they can't pay their rent, their utilities, the salaries and the payroll taxes, then they can't stay in business. It is as simple as that. If they had $5 million in their bank account and proper management I'd set the odds at 80% that the company could be successful. They have a great potential product in an up and coming area of biotech that is really in its infancy. If Malcolm had spent all the money he wasted on lawyers with all the lawsuits and arbitrations and spent that money hiring 2 or 3 sales people we probably wouldn't be in this mess. If Malcolm, Frank and Lawrence had concentrated on building the business instead of enriching themselves we wouldn't be in this mess. And the irony is that they didn't accomplish either one. The company is 2 months from bankrupty and Malcom, FV and LW will get part of what they deserve, which is nothing. The other part of what they probably deserve is jail time, but that is up to the SEC I guess.
AI
