jay, I agree with what you are saying, however, don't discount a signing with bead manufacturers entirely. Dynal hold around a 50% market share of the $1 billion annual industry. If Dr Geoff can sign Dynal it will be a huge coup for Anteo. At a 10% royalty base, I think Bangs is around 20%, Dynal alone could bring in revenue in the range of $50mil annually. This is one of the many big fish the good Doc is trying to land and I am pretty positive Dynal do not want to start losing market share to Merck based on producing an inferior product.
Within the next few months I would love to see Dynal and Roche jump on board. I know Doc Cumming has yet another round the world workathon before years end, who knows how close he is getting to pen on paper? Very exciting times ahead.
ADO Price at posting:
4.8¢ Sentiment: LT Buy Disclosure: Held
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