Calypte Biomedical Corp (fka CBMC)

[cal_pn]

Hi sower,
<<< I would think they should have requested a review of operations before issuing the delisting notice >>>

Such a review could be part of the appeal procedure. After AMEX has initiated the process that could lead to final delisting they have to simply follow the established scheme by checking established criteria and it is now up to the company to answer (by appeal). Possibly the AMEX can't stop the whole process just like that without the proper appeal of the company. Such legal processes are generally strictly defined by law. It sounds logical to me that the AMEX can only take actions after those criteria from the sections have actually become violated (which was after end of 2005, another year of losses)

Just my opinion without being familiar with it.

After year's of losses it looks obvious to me that the company must break-even this year. But honestly, I don't need AMEX to demand this. It is simply my expectation for 2006 too. If the company doesn't start to sell in 2006 they won't ever do (BED starts to look good already btw). And I won't really expect Marr to allow this financing game going on in 2007. So they have to make it this year or I have to seriously reconsider my investment.

One important point is to me that I can't see anything (additonally !!!) negative which has happened since the company filed its plan to the AMEX. Have they promised to AMEX to have huge rapid sales in January 2006 ? I don't think so. So it wouldn't make sense for AMEX to further increase pressure on the company these days. I conclude from this logic that the recent notification should be part of the known and expected process.

Nevertheless, this is my speculation and I like to point out that the company should really show up very soon (CC) and clarify this (as well as a thousand other things that happened since we heard from the management). It is not about making new and bigger promises but to simply update about what has happened for the last couple of months. I can't believe that we know all right now.

Cal