Dear Roger Gale,
Just read over the 10K for 2007. Was disappointed to see the sales were only $ 589,000 for all of last year.
However recent occurences in first quarter of this year coupled with statements in 10K give hope for progress being made.
Namely :
1. Sale of rapid oral tests to India's paramilitary.
2, Approval of plant to produce tests in China.(For sale elsewhere until SFDA gives its final approval)
3. The re-approval of test in UAE as noted in 10K which indicates a new UAE distributor.
4. The 1.206 million dollars received by Calypte from a joint venture.
5. The fact that the Arabs did in fact convert some of their $ .08 stock.
6. That Calypte has only needed $ 250,000 so far from Fusion.
7.That you personally spent $ 25,000 of your own money to convert some of your $ .08 options on 4-1-2008.
8. That insiders are getting millions of low cost optrions loaded in at $ .065
Please hold a conference call and bring everyone up to date on the positive items listed above.
1. How many tests were sold to Indian paramilitary and what was the profit margin on thise tests.
2. Any word on when SFDA approval might happen. Also, how many tests have been manufactured and sold in other countries from the China plant so far? Is the Thailand plant still producing tests?
3. Tell us about the new UAE distributor, who is it, and how much of a stocking order has been delivered to them?
4. Really interested in 1.206 million from a joint venture(s) since this was more than twice the annual sales of Calypte's rapid oral and BED incidence tests combined. Who was it from Maxim, Marr Bejing Joint venture, something else? Please detail. Is this something Calypte can count on every year?
5. What was the total stock conversions in 2007 and in 2008 by Arab investors?
6. Are sales and Arab conversions going well enough that the Fusion money may not be needed?
7. Does your purchase at $ .08 and the 10 million $ .065 options awarded to you, Mink, and Dotson portend some "good news" that will be shortly forthcoming that will make those $ .065 options very profitable for the three of you?
Please communicate with us and let us know. Its been almost 4 months since your last webcast.
Anyone here may feel free to copy and send to Roger.
