Biomoda Inc. (fka BMODQ)

[rocketeer357]

Things quietly down nicely.....most of the more vocal complainers have headed for the exits chasing another rainbow.

I think the company has a lot of "fool me once" to overcome now- the past 6 months were giddy with Cousin's optimism and promise (see PR's and ibox). It's going to take more than that this time around IMO. We still don't really know why the study was bungled, who identified the bungle and how different people responded to the bungle. Nothing undermines investor confidence like the double whammy of a lack of transparency coupled with a lack of success. There can certainly be no more "benefit of the doubt" for Cousins, who hasn't exactly stepped up to address the failure of Phase II with candor and authority.

States are under tremendous budgetary pressure now- much worse than when NM partnered with BMOD. I gotta' wonder how many of these states will now be willing to lay out any resources for an outfit like BMOD.

Even if you are a true believer that the test will eventually work as the company forecasts, IMO you'll have every chance to buy as many shares as you want under .20 within the next 9 months to a year.