Alpha Innotech Corp (APNO)

[32bearcat]

1Q earnings a shrug - as far as the Company goes, I don't know exactly what was supposed to happen post reverse merger but it sure didn't - despite getting some cash in deal, capital constraints have really limited progress for a while - and being a public entity in here is useless with the small size of the Company and the depressed stock price - my base case for stock valuation is $1.50 (coincidentally where it traded at XTRN deal time) - it should be worth more to a strategic buyer but I can't say it makes sense for management to sell yet paricularly given positive industry - between a rock and a hard place...