posted on
Feb 12, 2011 07:07PM

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Paramagnetic Beads and QL Analyser are Proprietary Products

Message: WoW!
Sorry Chilbear, but I am not yet convinced. I still don't think the "floor" for the SP will be 95 cents to a dollar. In light of all the supposed good "news", the stock has failed to go up and closed Friday 5 cents below the block trade price. And other than the block trade, the volume last week was quite light.
I think the final breaking of silence on the significantly delayed commercial sales of the beads and head to head testing of the analyzer will raise new questions about why the beads are so difficult to get into commercial scale production, why it took six months to revise the head to head analyzer test scheduling, and why stockholders were not informed of any of those changes in announced plans for so long. None of these things can be viewed positively by new potential investors, IMO, so it will continue to be a tug of war between the existing crowd that have varying positive or negative opinions of the company's progress and transparency with the financial markets.
I continue to believe there is a much greater chance that we see $0.50 before we see $1.50 because of the uncertainty that has been introduced over the past few weeks. I'm sure the "tape painting" has not escaped your notice which at least temporarily masks even greater weakness in the stock than closing (manipulated) prices would imply. But we all know that kind of unethical and illegal activity can't be maintained forever, especially in such small amounts. None of the people doing those trades, however, seem to have either the guts or the money to do such trades in any size so they are clearly doomed to fail with such obviously deceptive but small trades.
Also, even though minimized by the pumper crowd, I do believe the SEC will require that the erroneous stock price information in the recent filing be corrected and announced which will bring out even more questions of either the integrity or competence of the reporting procedures. Frankly, I think such extremely wrong information is embarrassing at the very least and makes me wonder how they could get it so wrong and/or think no one would notice.
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