Friday, April 01, 2011 2:14:25 PM
I'm not convinced DM is out of the picture at all, not for a minute, plus his sidekick controls this company with his Preferred A (currently), where there is smoke, there's fire, so DM isn't far away..
This patent has been around since 1993 allegedly, patents are only good for 20 years (I believe), so it expires in couple years. They have no current production plant and no cash, plants don't get erected/completed and push out product in a matter of weeks/months... especially drug types..
IF by the time this "may" get done, the patent will expire, without a patent to protect the product, anyone can make this.. The company alleges they've had some production, and marketing in the past with no success - why now would it be a success..? Again, anything near, touching or has touched DM is a potential time bomb.. just look at his history, don't take my word, I've done my research..
Sure, day traders etc. who like to watch PR's etc. and play games, have fun.
Unfortunately, I've watched his companies and the boards for a long time where everyone is excited and RA RA until the tornado rolls in, they get wiped out, diluted or whatever, then they cry for SEC investigations etc...
History will tell the tale, I guess we'll see. When the next bunch of FS come out, we'll know more about the transaction, the assets/liabilities of the pharma company. Until then, just a bunch of PR's and bad financial statements.. Just smells like a DM story..
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