These Directors do not get large salaries in the small cap. So 20K maybe hard to come by for the Director. Yet it is a 'give me' that the Directors will convert their 1.2c Oppies. That does not shout confidence to me when they do... what would shout confidence is Geoff not selling down his main holdings to pay for his Oppie convertion.
Some 'on market' buying after Oppie conversion would be nice. Plus the commercial contract all signed up with the Major IVD player, currently been testing for the last 3 months.
Will take a long hard look at the quarterly, as I will be looking for a pattern of increased product sales. As the market is not pricing in an increase in sales from Bangs.
To early for Merck's to have made any sales I specualate.
Cash wise they have enough to keep going till the end of 2011, whilst they sign up the rest of the market and make more sales. By then the expectation would be that they are making solid profits as they have great products and are signing up the big boys. Income should be coming in the form of royalities from Bangs now...
Would not mind to hear a larger crew of Sales and marketing managers jumping aboard this speccie. To get more companies to sign up faster. As the biotech world can be rather slow until they make serious revenue from sales.
I noted $620,000 of income was earnt last fin year- I would be interested to know what portion was product sales by Bangs. So we can compare with the next quarterly release.
Would not mind a nice half mil made in the next quarterly- this would really give this stock a lift. As they only just started to sell their products.
I specualte a few investors are selling off main holdings this month to convert Oppies. Like the Director is obviously doing. Thus the decrease in the SP.
Expect it to be back at 6c before quarterly, hoping for a big push if any additional revenue made from product sales.
As we can talk that they are playing in a multi billion dollar industry but the conversion to sales in this industry is a HUGE step.
That was only recently taken for the first time by the promotion from Bangs. This has been a hard one to speculate future income. Yet currently only priced to make forward earnings of 1.5 mil pa.
Investors are betting on many multiples of this number, when the products are seriously selling. Hoping Bangs gives us a lift this year. As they have had time to market the products.
Yet very difficult to speculate anything, as the market is so HUGE.
Anyway I am converting my Oppies without selling heads.
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