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manfromjax

11/08/13 5:55 PM

#3859 RE: Watch dog #3858

Yea, when i saw the drop to 7.20 I thought I might try to buy a few shares, but I held the urge to see what happens.

We knew they had no revenue, so it was expected. The only thing that should concern you is CASH and they state:

"We believe our cash and cash equivalents on hand as of September 30, 2013, together with amounts to be received from our collaborative research agreements, should be sufficient to fund our ongoing operations as currently planned for at least the next twelve months. "

So, it is back to trading as usual until they get a contract that produces some real revenue.