Cliff:
On balance, I am inclined to agree with your last paragraph. Latest
word I have from the company is the major S.A. order will ship during
the current quarter, possibly within the next 30 days. Additionally,
we have word in the news release that the human products division
should begin contributing its own positive cash flow during the same
period. On balance, we have a good release, and would have been
better except for the ongoing drain of the lawsuit. I have been
supporting the co. for some time in their efforts to fight what is, IMHO, just another sleazy get-rick-quick-at-somebody-else's-expense
legal ploy which is fundamentally without merit. However, as time
drags on, I now begin to wish we could just see the end of it,
period. Get rid of that ongoing problem, and the stock should begin
to behave purely on its merits. Believe me, I am having to do a
mighty job of tongue-biting here to avoid going off on a tirade about
what this type of legal action says about the current state of our
society! Technically, I continue to see chart action which suggests
IMMD is very close to the end of its bottoming out process. Hopefully, we can see prices beginning to trend higher in anticipation of an improved picture in 90 days.
Art
****Come the revolution, send the lawyers to the wall first!!! |
