Replies to post #52154 on Cytogenix (fka CYGX)

[bigworld]

oldguy: Patience is not a luxury that we have with CYGX. If something significant does not come about soon the company will be out of money sometime during the next fiscal quarter. The financials as of June 30 should be in the next 10-Q, which I expect Malcolm to file sometime in August. It will tell the tale, and Malcolm has to certify the figures as true and accurate. The 10-Q can't include rumors, innuendos or other wishful thinking about revenues, etc. Just cold, hard facts. Cash on hand will be less than $1 million, unless Malcolm was able to convince the rest of his staff to go without paychecks and the landlord was persuaded to forgo the rent. The burn rate is $1.06 million per quarter. I did the math. It doesn't look good.

[JSGatt]

Oldguy, your words are profound and meaningful ...

The problem is that true to the American way, most participants here need a "quick fix." They view 2,5, or 7 years more as a failure. They probably should not be invested.
They don't understand that failure occurs when one quits, not before.

Arnold provided a perfect example the other day in his post, # 52127. It illustrates what the hurdles are, and what the time frames are, that a biotech company has to overcome to be successful.
Everyone should read that, and if it's too long for many to read, then let them eat cake.

The point is that it's brand new science. It will take time.
And unfortunately, the lack of information leads to negative suppositions.

My circle tells me that the company will have the financing it needs. There's a great deal at stake. So I have no worries in that area.

Would I like to see multi-millions in my portfolio sooner than later? Sure would. But ... I can wait.

Good luck to you sir.
Stay well,
~ John