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ishay

10/20/03 1:11 PM

#2184 RE: CD_98 #2179

First i would like to compliment the founder of this board and it's members, I enjoy very much most of the posts, keep up the good work!!!.

I consider myself as a long (Over 3 years)thanks to Dawson from RB which highly recomended it and i highly respect her opinion(and others on that board).
Over the years I kept adding more shares hoping one day it will pay off, the problem I have with CYGX is it's cash flow over the next 3 years, and yes i mean 3years, I think the name of the game with all start up Bio's in general, is to be able to survive all the clinical and all other expenses associated with its operation, I don't believe that short term gains will sustain for the long run unless we will have sufficient funds for the next 2-3 years,( I very much doubt that we will see a meaningful other sources of revenues in the next year or two ( and I hope I will be proven wrong SOON), I think those of you that hope to see a higher price share on the short term due to new licensing agreements without actually $$$$ coming in, that will not work for the long term, we need to raise enough funds NOW for the next 2-3 of operation, and The 2nd reason why I think it will be a rough roller costers ride, is that this stock is being played big time by traders and the MM' for them it is a classic play, and guess who pays the price? right again all of us longs. I speak from experience (which cost me lot of money in the start up bio game). There will be those of you that will think I am a basher (and quit honestly I don't really care if you do think so)You can check my alias on the RB board:jesse_g (MABA or MABXA board)
I understand very little about the technical stuff in the bio world, butt i can assure you i know plenty about investing and running a large size business, and the principals are always the same especially when it comes to a start up without any revenues.
The key factor to success at this stage is to have an excellent management( That i believe we do have)that understands and honest enough to realize how much $$$ they need in terms of cash UNTIL we will have a meaningful and steady source of revenues.
Just my 2cents,,,,
Good luck to all the longs
Ishay(jesse_g)