jdrob, this is from the letter that you refer to:
"iSonea has made impressive progress over the years, and now has a few final
milestones left in order to initiate a substantive revenue ramp from our core
products. To expedite this growth, the new Board of Directors and new
management team have been diligently collaborating with several key strategic
partners on projects that will yield meaningful shareholder returns.These
collaborations will leverage the strengths of global Fortune 500 healthcare companies
with a substantial foot print in key markets of interest to iSonea. One of these
partnerships (Omron) has already been announced. We will announce several others
prior to the end of this calendar year. Through these partnerships, iSonea will gainaccess to over 65% of the global medical device diagnostic and management
markets, at a a significantly reduced cost."
However, this is what they said on 31/08/11:
"Importantly, the MOU provides the detailed basis for the finalisation of the full agreement which is expected to be completed during September."
So that is why I want to sell and buy back later. I've just seen a 60% gain evaporate. Nothing world class about that.
Looks to me that we will be back at 1c or less by Friday if not before.
Cheers,
TM.
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Ann: Letter to Shareholders , page-18
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