Replies to post #117 on iBio Inc (IBIO)

[tennis111]

I agree with your comments on the poor price action. I bought twice today, at 1.14 and again at 1.08 at the close. There was steady selling all afternoon, altho on modest volume. Kind of surprising after the meeting yesterday....it seems like they have so much potential. I hope they come thru for us.

[md1225]

IBIOLaunch for sale today means "the product that they are selling is available NOW. IBIO could have a strong PE in 6 months. They are not in the buisness of doing phase 123 studies their in the buisness of sell their IBIOLaunch. It took 10 years to develop and it is perfected and ready to manufacture all biologics that any pharma big or small would want to produce in a more efficient and cost effective manor.
As for contracts Kay is a strange duck either he's a genious or delusional I spoke with him personally alone after the meeting and he said "we have contracts lined up the price is the price for the launch we know what we have, contracts will be finalized in the coming weeks and annouced shortly after" I asked how many and he said 4 to start that he is certain of.
The next question I asked was what will IBIO do to alleviate their financial problems and he said "IBIO does not have financial problems and the street will realize this soon". Again either hes a genius or delusional, we'll see soon enough.
I currently own 60k shares of IBIO at an average price of about 2.20/share so currently I am very dissapointed with the price but if all is true with IBIO and I believe more than ever after touring their facility it is, the true value of the company should be seen soon enough. I estimate market cap 300 million about 7-8/share with coming contracts as a conservative estimate.
As for GE yes it was reiterated that GE is their partner and GE is the world wide producer/shipper of the launch system.