Mamona is not wrong to be skeptical about the lack of information that was released in regard to the stock transactions. We are woefully late in receiving information, the financials that were promised to us in a timely manner and also production at our facilities. It appeared a year ago that Biscan was attempting to get caught up on financials but every time a few came out it would be followed by a period of several months with nothing.
When people talk about how hard it is to maintain a schedule in regard to a junior they are blowing smoke. This business has been around long enough to be able to make accurate projections if you have the resources to make them occur. If a company puts out an optimistic schedule without having the tools to maintain that schedule then shame on them if they fail to maintain it and they deserve all the criticism that gets thrown their way.
He is absolutely right about the "cheerleaders" that continually praise the company when one little good thing happens but refuse to acknowledge the failed attempts to provide the information that they stated they would provide. What I despise even more is the cry of "naked shorts" (how many times have I seen that posted on hundreds of boards of stocks that failed dismally?). That is a feeble attempt to mask non-performance. The same goes for "a little birdie told me that in two weeks....."
Go ahead...ask me why I am still here? I'll tell you. Because I own over 80K shares of this stock that I paid a much higher price for than what it is currently trading at. The upward performance that has occurred here in the last few weeks is encouraging and I hope to see it continue. At this point I would be glad to get out even. After seeing this stock trade at over a dollar I thought I was getting a deal in the .60's. I guess it remains to be seen.
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