Replies to post #58439 on Cytogenix (fka CYGX)

[truthhurts]

nw_la...I do not think that

I have ever given a share price projection, buy or sell recommendation regarding the Cytogenix common shares or investment advice to its shareholders. I'd rather people made their own decisions.

So I'll answer your question with this...what would you think was the investment potential of a company and its turn around hope with the following history ?

====================================

- Was founded by a known swindler to freeze aborted fetuses and later re-animate said fetuses at the parents discretion.

- Laid dormant for two years when the above business plan did not work.

- Changed focus to DNA sciences when an abandoned patent application was stumbled upon. Its now new President was involved an insurance scam that sent his father to prison for 25 years.

- Spent two years announcing scientific discoveries and spending $1M a year while its HQ was a Mailbox Etc. mail drop.

- Spent another 1 1/2 years announcing scientific discoveries (and spending more money) while its HQ was a 1-bedroom apartment in Houston.

- Its only scientific collaborator during this time was a company whose own HQ and lab was a 3-bedroom house in suburban Overland Park, Kansas.

- Has been associated with a list of stock swindlers and crooks as long as your arm for years.

- Has rewarded the repeated commercial failure by its executive management with personal financial gain.

- Whose Chief Science Officer's (CSO) master thesis was on potato blight and whose resume says he came from the company's earliest collaborator whose lab was in that 3-bedroom house in suburban Overland Park, Kansas.

- Sold tens of millions of shares in Private Placements at sometimes a 90% discount to the closing price. Tens of millions of shares which were illegally sold because shareholders never approved the raising of the company's common stock ceiling for those shares to even exist..

- Has at the last Quarterly Report only $140,000 in cash.

- Did borrow from a shareholder $300,000 at 24% interest six months ago in which it put up its assets.

- Has ended up in court and legal proceedings with nearly every business partner it has entered into agreements with.

- Puts out fake Press Releases.

- Never once ID'ed the buyers of its synDNA product while pumping its success during the time it needed to raise capital for a building it never needed and could not pay for to house the manufacturing of a product later its own admission it could not sell. This fiasco cost shareholders nearly $1.5M.

- Has a legal ruling hanging over its head which could bankrupt the company.

- Is under investigation by the SEC.


And this isn't even all of the list.

[bigworld]

NW LA: Truth has summed it up in a nutshell. For all practical purposes...it's over. Malcolm might manage to hold on for a few more quarters, but the company is finished. It's only hope was synthetic DNA, and by Malcolm's own admission there is no market for it. They blew that big time. When they might have been able to mount an all out effort to market sythetic DNA they sat on their asses and expected the market to miraculously come to them. The market went it's own merry way. Vical makes its own synthetic DNA. So does VGX. Every legitimate DNA vaccine maker will do likewise. They don't respect CYGX's patent application and apparently don't expect any widely applicable patent to be granted. Neither do I. As for developing their own products, well, that is beyond their capabilities and finances. CYGX is a shell of a company, undercapitalized in the extreme. IF the former CFO and Vice Pres (Wunderlich and Vasquez) get awarded back pay and a severence package by the arbitrator then that would just about put the company out of business and send what little assets it has into the hands of some schemers in Connecticut. I'm sorry if you're out a significant sum of money. I feel sorry for all the shareholders who got conned by these guys. I know people who are out tens of thousands of dollars. My only remaining hope is that some federal law enforcement branch puts CYGX out of business for good and locks up the perpetrators for a nice long stay in prison. I hope Truthhurts succeeds in helping to see that come to pass. Remember, you can deduct $3000 of capital losses against regular income in any tax year, and any capital losses can be carried over into subsequest years. Say you lost $30,000....you can deduct $3000 a year for the next 10 tax years, or you can offset any future capital gains with your remaining capital losses. It's no consolation prize I know, but it helps to ease the pain a little. Good luck to you.