Good story but I reckon I'll wait until real signs of a turnaround begins to show. IE Show me the money - these guys have a history of talking up their prospects but always whack shareholders with endless net losses. MD still yet to show he knows what he's doing - has good record in science world but none to speak of in the corporate world. I see he's made a bit of a hockey stick forecast in his future projections. Gels sales history 1.1m, 1.0m, 0.8m and next year it's going to be 4m and year after 7m?? Gels I think is a bit of a generic product , little differentiation between competitors - hope the company knows what it's doing. Scientists rarely make good CEOs from my past observations. In any case I cannot see why he chose SeraCare lifesciences to compare valuations with because SeraCare is making more than $10m annual profits currently - for LFE the key word is PROFITS.
LFE
life therapeutics limited
Good story but I reckon I'll wait until real signs of a...
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