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Re: KMBJN post# 79662

Thursday, 02/06/2014 9:32:13 AM

Thursday, February 06, 2014 9:32:13 AM

Post# of 146295
IMHO your expectations of disclosures are totally unrealistic for a high technology company. High technology is very competitive, most especially in biotechnology (one of the hottest sectors right now) and there are many things that are not discussed for very obvious competitive reasons (if one pauses to think).

I challenge you to name one single early stage biotech that reveals remotely as much detailed information as you are expecting here.

Unrealistic expectations can seriously impair ones investing success.

Giving projections with explicit timing is highly inadvisable for biotechs most especially (since the timing of events in biotechnology is inherently highly variable, far more so than other high technologies). Most biotechs give very approximate "guidance" (to emphasize that it's ONLY a rough guideline, not a "schedule" as to expected progress. Nevertheless all too many investors attach far too much significance to what are not even really deviations from such guidelines. (I followed one company that guided to CC "approximately in mid Month". When the 15th came and no CC some investors where howling about it being "overdue"

Frankly even most companies with very conventional technologies don't give out information in the kind of detail you are expecting. (I would suggest that you look up "micro-managing")
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