Re: CGNH Failure to Inform
in response to
by
posted on
Dec 19, 2011 07:49AM
Paramagnetic Beads and QL Analyser are Proprietary Products
Ante-up. Perhaps you could share with the board what the difference is between "slightly more than two years" and "several years". I consulted with Mr. Webster and as far as I can tell, they are one and the same. Are you so determined to undermine my arguments that you will stoop to what, at best, most people would consider splitting hairs?
Also curious if you are willing to share your average price per share these days. You have mocked my trader mentality several times since I sold above a dollar so I was just wondering how your investor mentality is working out so far? When the stock was going up you were very proud of your purchase prices and also on the way down when you didn't believe the stock would go below 50 cents. Now that it is trading consistently below 30 cents and below most of your prior purchase points, have your investment criteria changed at all?
Are you following the sage advice of Showmoney over at Raging Bull and buying all dips? Now that we are near all time lows (except for literally the few days it traded in the teens), it would seem to be an incredible opportunity to buy even more if you still believe it is going to $3 or higher. I know the two of you had a falling out but both of you expect the stock to go much higher from here while I do not.
For the record, I now believe the stock is certainly going into the teens again and quite likely even further down to single digits. And that is in Cardio bucks, not Jag bucks. The "over-promotion" I referenced is not related to the several product lines that supposedly are so revolutionary, but in their stated time frames that they have failed to meet repeatedly in their two years since coming public. They also "over-promoted" the ability of Merck Chemie to succeed in whatever process they were claimed to be able to accomplish and I do not feel they have given a full accounting of that failure.
With all the delays and failure to fully inform shareholders of what is going on, I believe the chances are now much greater that they will never get either the beads or the analyzers into profitable, commercial scale production than that they will!