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Microcap & Penny Stocks : Microcap Potential Homeruns--Credible, and Reporting
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To: NAG1 who wrote (422)11/16/2009 12:20:55 AM
From: Ted M  Read Replies (1) of 1056
 
Neal, after a very brief look at MSGI, I would be very cautious other than a short term type play. Their debt and losses are huge, and they only have 3 FT ees. The Current Technology report of $5 million in 2009 revs has turned into nothing, and the Geico agreement doesn't appear to be doing much either. Other past investments either didn't pan out or are now in litigation. I expect the same on NASA related parnerships. Over $280 MILLION of accumulated deficits.

If they really are an emerging technology incubator, they have failed so far in a big way. The NASA involvement is the current excitement, but the technology is in already-glutted fields (diabetes and chemical sensors) and not so clear they are anywhere close to going commercial. It's also not clear how hard it is to put together a partnership with them if you have some legal expertise, as (NASA has a program at their site, with steps to becoming a partner).

In short, these guys seem very iffy given their track record. I like homeruns, but not sure I'm seeing any strong signs of a pathway to profitability for them. Sorry to be so negative. Just pretty skeptical about them based on their track record. Now, watch it skyrocket! :)

If I'm wrong, and this IS only based on 40 minutes of review, please let me know what I'm missing out on. I much prefer our little VSYS to something like this. I must be getting old..
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