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lawrenceolivier

06/24/04 11:30 AM

#8677 RE: Paulness #8675

Paulness:
I just couldn't resist answering your question to peace 2 all. I assume that you mean that management in the black means ( since they are not Afro-Americans), they made a profit. They are running a business , but unfortuately they have spent $17,541,991 of the stockholders money since they have been selling the Single Strand DNA expression technology story. They have generated a loss of almost 18 million and have not even reached true clinical studies yet. The patents they have created have not produced one dollar of revenues or profits for the stockholders. Upon my review of the last few years of 10 K's, I discovered their CPA firm had them write off the value of the patents a few years ago due to obviously the lack of management ability to show them the economic value (current or future) of those patents. The current managment has also grossed no revenue yet. This very unique technology has not even gotten out of the pre-clinical study and has thus produced no cures. I feel skooby is not an idiot, just an investor who put too much of his money in such a speculative venture. He is now obessed with his current losses , very similiar to Big B. Peace 2 all is a honest investor with an open mind. He is not a pumper and/or basher similiar to BigB, CD 98, and you Paulless and tries to control other posters and/ or their opinions.
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peace_2_all

06/24/04 11:32 AM

#8679 RE: Paulness #8675

Paulness, I understand where you are coming from, but I am really peaceful other than when I get attacked first. You see, you raise a point, but you are not attacking and I can understand why you are questioning me, but skooby is an idiot, because he can't discuss without first looking for trouble. See his last post for me, whcih I just ignored. I said I have no intent to sell, but will double up if it got to .25 which he does not seem to fathom. Also, I believe in the science, but not in the management. This co has done tremendously well in the scientific sense of the busines, but you need a brilliant management that can capitalize on it and the prsent management is not it. If at all, we are where we are or where we will be in the future, it is not because of the managemnt, it is the science that is carrying cygx. I have my own engineering consulting firm and my gross for 2003 was in the six figures and mind you this is with myself as the head honcho and part time engineers and design/draftsmen. I also take it easy a lot. Paulness, I like CYGX's science, but have my qualms about the management. That is the way I feel and until I am proven wrong, it will stay so regardless of the RAH, RAH of the idiot.