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Biotech / Medical : corgenix
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From: RikRichter2/12/2008 9:36:06 PM
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At today's CONX investor conference call I found it most intriguing that the first question asked after mgt.'s presentation was by an official from St. Jude Medical (NYSE: STJ), one of the leading medical products cos. in the world. The nature of the question asked was even more intriguing in that he was interested in learning about the accounting treatment for revenue recognition (ie: sales booked when shipped in accordance with GAAP and no consignment sales). Could this mean that there could be a potential CONX/STJ alliance in the works?

Later in the Q&^ CONX admitted that they were eyeing potential deals with deep pockets medical/pharma/aspirin cos. I would point out that within the past year STJ infused capital and executed a marketing agreement with Cambridge Heart (CAMH.ob) whose stock spiked from 30 cents to almost 5 dollars (note: 65 million shares o/s) based on its Microvolt T-Wave Alternans test for detecting heart disease (CAMH since dropped back to about 1 dollar after an unfavorable peer review of the medical test was released).

Another point during the Q&A session that was worthy in repeating was that the giant medical labs like Quest and Labcorp have huge sales forces that go directly to MD's and cardiologists to educate that they offer the new, revolutionary AspirinWorks test. Because of this leverage CONX will continue to report record-setting revenues, as mgt. confirmed, and deliver eventual bottom-line profitability.

Hard to believe that CONX is sitting at 45 pennies!
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