NukeJohn:
Let us separate a little fact from fiction here:
1. Carter Worth is a technical analyst. He said that CIGX was a buy from a technical standpoint. He did not comment on the fundamentals of the company at all.
2. Celebrity endorsements do not mean much. You should read up on "Power Balance Bracelet" It was a scam endorsed by huge NBA stars and other celebrities.
3. I live in a big city and have visited over 10 GNC stores. I have been told that the reaction to the product is mixed and the sales per store are mixed. For instance one store told me they sold 2 the other day. Another salesperson said she has not sold one in a few weeks. If you walk into a GNC and ask for a specific product they will inevitably sell you it. When I walked in and asked for Anatabloc, they immediately showed me it. However, when I walked in and simply asked for something that helps with joint inflammation, I was showed a few other things. Likely because do the same thing and are cheaper than Anatabloc. The price actually puts Anatabloc at a disadvanatge because a GNC salesperson wants the sale and they know the cheaper product is easier to sell. Keep in mind that Anatabloc is an over the counter dietary supplement that has not been scientifically proven to help anything.
4. You have absolutely no proof of points 8,10,11,12, and 14. I would go so far as to say that all the points are just for pumping purposes.
5. You talk about Q2 sales coming up. Okay let's talk about sales. Last quarter sales were 1.2 million. Let's say that at some point Anatabloc sells $100 million worth of product. The stock currently has a market cap of 660 million, meaning that if sales get to $100 million and the stock does not move one penny, the stock is trading at 6.6x sales. That means that even if sales go up 100 fold, you still have a very high valuation.
6. Point 3 is pure speculation. I like how you conveniently leave out that Reynolds keeps beating Star in court. The bulls have seemingly latched on to this idea that mediation means a big win for Star. I saw in another post this quote from a Reynolds conference call and will use it here, “I would not characterize this as a settlement discussion. The judge in the case actually invited us to participate in a mediation session and I think sort of that is fairly common in cases like this. And it is also fairly common for us to attend those mediation sessions. That's fairly common in the Federal Court system. I think we feel a very strong and very good about our defenses. If you remember the original lawsuit indicated that we did not infringe upon the Star patent. And on appeal, those patents were upheld, but so was our non infringement. So I think we feel very, very strong about our position, but that doesn't mean we can't go in and listen to what a mediator may or may not have to say.” As for Altria, you have no proof of Altria even ever meeting with CIGX. These patent cases are often filed by publicly traded companies that are frauds. Look at Overland Storage as a good example. They just lost a case that was taken on full contingency by DLA Piper. Of course, they lose once and they immeditaely file another. Actually the Overland case is an interesting parallel. See Overland was found to have valid patents, but the people they sued were found to not have infringed. Sounds a lot like this case were Star has valid patents now, but a jury ruled that even if the patents were valid, Reynolds had not infringed.
7. Your point 15 makes no real sense with regards to hedge fund because the short interest keeps going up. That should tell you that smart money sees CIGX for the scam that it is.
8. I would not believe everything you read in a CIGX press release. Johnnie Williams and company has an interesting history as pointed out by both StreetSweeper and the fact the company has never made any money. They are known to issue press releases full of sound and fury yet signifying nothing.
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