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bigworld

03/07/11 12:06 PM

#63860 RE: nw_La #63859

nw la: Even though I bailed out on this stock long ago (except for 500 shares I had overlooked that I sold for 13 cents during the brief resurrection) I always felt bad for you that you had lost money on this stock. Analyze it this way. What does the company have going for it? And what does the company have going against it? I was surprised by the relatively brief resurrection. I long ago thought the company was a dead man walking. Then they pulled off the brief resurrection with a series of PR's including the idea that they were getting into alternative energy, etc. Investors bought it for a time. They may be able to pull off another brief resurrection but the odds are not good. I have significantly reduced my exposure to biotech. I only own 3 small biotech stocks at the moment. All 3 are light years ahead of CYGX in research, funding, results, etc. Two are in Phase III studies and the other has Phase II-B studies being conducted around the world. Yet they all struggle. The FDA is a difficult beast to slay when it comes to new drug platforms. I suppose it is easier to get a 4th or 5th erectile dysfunction drug on the market because by now the FDA is familiar and comfortable with them. It's not so easy with DNA manipulation, gene therapies or other new technologies. It takes Billions of $$$ to make headway in the necessary research to meve adrug along. CYGX has nothing at this point. No money, no scientists, no offices, no staff, no management, etc. You get my point. I think you have almost a 100% loss on your hands I'm afraid. I just don't see that the comany has anything going for it to offer even a glimmer of hope for your investment. Sorry.
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airone3000

03/10/11 1:09 PM

#63863 RE: nw_La #63859

It was a big pump and dump scheme orchestrated by a few individuals.They have no technology and yet they churned out big press-releases.The so called subsidiary was another big scam.Franklin energy did not exist,the so called Ceo of Franklin Energy sits in a Federal Penitentiary in Connecticut for swindling investors, some people sold millions of shares between 15-25 cents while telling people to buy.
Mephisto