Tuesday, November 08, 2011 8:52:29 PM
I'm somewhat new to investing, and often those bashing this stock make me question whether staying in is right. Every time I conclude, yes... of course!
Here's a few things I came across tonight, in the event they may help anyone else.
Many companies have successfully obtained AOAC certification: AOAC Tested Methods. The AOAC requires re-certification annually --
MIT 1000 Certificate, 2011.
I looked into a couple (there are many): Paradigm, Microgen... I observed a couple of things immediately (based on what I looked into and IMO, of course):
--> Their testing takes many, many hours to complete (40+)
--> I was unable to find any company that was able to test for E. Coli, Salmonella, and Listeria all at once.
**Bashers have mentioned Bardot, which takes 8-12 hours. Bardot is also still working on automation.
--> Many would require a lab tech (or higher) to carry out their testing, leaving room for human error.
Bottom line: if there were another product out there exactly like the MIT 1000A MMTC is working on, we wouldn't still be hearing about listeria outbreaks or food recalls... tainted products would be caught prior to being dispensed around the country.
Disappointment in the PR was a direct result of pumping and over speculation, IMO. I wish this would stop... because we have a legitimate, lucrative, needed product being developed right before us. If expectations aren't set so high, then maybe we wouldn't experience massive sell offs and deep drops in PPS after great news is reported.
Maybe someday we'll be listed as the solution in an article like this... Nat Geo - Food Safety :)
GL!
H
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