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Microcap & Penny Stocks : IMDS nasdaq bulletin board
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To: ekn who wrote (4007)1/14/2000 6:32:00 PM
From: jwk  Read Replies (2) of 4122
 
Agreed, ekn! It was great to get back into the office this afternoon and see this stock hold up so well today. I had expected a lot of the daytraders to put their money in their wallets over the weekend. Makes me wonder how much of the recent volume spike has been putting stock into the hands of those intending to hold for FDA approval and beyond rather than just looking to scalp some profits on trading swings.

Well, two weeks to go to make good on Deb O's statement to me about a 3rd test site being announced (presumably, as up and running). If that good news does materialize, I'd have to ask anyone here more knowledgeable than me, (that'd be just about anyone) if it is reasonable to assume that a 3rd site would not be used if things weren't going well on Long Island and at the U. of Virginia.

In the meantime, I'm trying to find information about the phase I/II tests on bio-markers Mr. Grable mentioned in the pr ("we don't know why the stock's going up...") from a week or so ago.

Also, from discussions in by gone days on this thread, there was always a realization that even if the technology works and wins approval - there is no guarantee that revenues will make it to profits on the bottom line. Does anyone here have a reasoned guess has to the revenue/profit potential if/when FDA approval is received?

What would a reasonable valuation be for this stock with a marketable ctlm device?
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