All the management that folks used to moan and wail about in...

All the management that folks used to moan and wail about in 2005 and 2006 and even into 2007 are gone. The company had to take on board two MAJOR failures in 2007.

The company has never made a single dollar in earned income.

The company is selling at a discout to cash, and is even selling at a discout of nearly 25% to June 2008 projected cash. The market is not taking the company seriously - maybe with good reason.

My shares (and I stll have a boatload) are worth no more than 5-10% of what I paid for them. There so worthless that they are hardly worth the sales commission I'd have to part with to sell them.

Here's the scary part: they might just have something. If they can nail down the proof that their oral insulin works in primates, and if they can make a few more effective oral analogs of injectable peptide drugs, their credibility might be repairable.

More importantly, they might just be able to announce a deal. Even a relatively low-income deal would come into this company like a lightning bolt.

Call it a gamble. It isn't an investment, that's for sure, but it might beat the tables at the casino.