Opportunity, this stock died the minute Abbott decided to cease working on RECAF. Since that decision, all that has kept the stock alive is pumping from Moro and now from Burger.
With all the information available on the regulations for medical devices in China, you can only come to the conclusion that it was all just a ploy to support the stock price. Look at how many investors posted on Agoracom that sales in China would be the salvation of the company. Investors seem to never cease believing Moro regardless of what he says.
When confronted with all the regulations against unapproved sales in China, Moro claimed he would sell the results and not have to sell the test. That is so ridiculous it is almost funny. Did some investors believe that? Yes, they certainly did.
Abbott has ceased working on RECAF as confirmed in the S1 but that certainly did not stop Burger from giving an example of the millions the company would be making from sales at Abbott. Revenue from China in the second quarter? Yes, he claimed that also.
Some investor are obviously reading impaired.
