OmniCorder Technologies, Inc. (OMCT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : OmniCorder Technologies, Inc. (OMCT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RikRichter who started this subject	3/21/2004 6:40:55 AM
From: Mahatmabenfoo	of 63

Omnicorder has been FAILING for YEARS! Dig this, from an article in business week: following the Food & Drug Administration's approval in December of OmniCorder's BioScan System. Over the next year, Fauci thinks his 25-employee company will quadruple as hospitals and doctors catch on to the device. businessweek.com The punchline: the article date is June 29, 2000! Get it? This company has had FDA approval of its device FOR OVER 4 YEARS! Since December 1999, fer crissake! It's been trying to sell it's product FOR OVER 4 YEARS! And the article is designed to give the impression that sales will start soon: the CEO said his number of employees would "quadruple" soon. The reality: the number of employees has DECLINED from 25 to only 11. That's what's behind this hot prospect: 11 EMPLOYEES! What's more unbelievable is despite 4 years of failure, this company had the balls to do a reverse merger -- going public despite 4 years of declining number of employees, and unable to sell EVEN ONCE its hot prospect. Guess it's not so hot. Guess this company IS mostly hype. The only hope shareholders have is the company is better at hyping its shares than it is at hyping its product! - Charles pinksheets.com As of February 10, 2004, we had a total of 11 full-time employees and six additional outside consultants (both full-time and part-time). Together, approximately six of these individuals are engaged in technology, research and product development, five in sales and marketing, and customer service, and six in management and finance.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next