Did Covell say how big the milestone payments will be?
Re: CMTR mfg. I haven't seen the new place (although I have used the same architects (great designers), and saw the bluelines of CMTR once). However, I interviewed for Mfg. Superisor with CMTR about 6 years ago and was impressed with their prospects (but had no interest in the job - too low level for me) - unfortunately the Cholesterol test market turned out pretty small (unfortunate for my Mom who bought in at 9 or so and didn't get out when it nearly hit 30 - yes this stock was that high once). Well, I always figured that ultimately they would come up with enough chemistries to make their little testers pay off - and it seems like that time is drawing nearer. Re: the mfg (of the Cholesterol tester at least), it is mainly a chemically treated (moisture sensitive - hence the dry room) chromatography paper, sandwiched in a little plastic holder with a buffer reservoir you flip a lever to break open and a piece of filter paper where you blot a drop of your blood. The pain about this kit is that you have to prick your finger - no big deal to me or in the doctors office, but terrifying to many hence the low over the counter sales. I've said for many, many years that this company had great long term prospects and I sure am glad it has survived long enough to possibly see them come to fruition.
Just a side note: for another startup I almost bought CMTR's old lab casework from their original facility, but it was pretty beat up - they had certainly gotten there moneys worth out of it.
I'll fess up though, I made some short term bucks on their recent run up to $2.25 plus in Jan-Feb, and held some long, but I'm back in long and heavy and plan to sit on my 6000 shares for a while yet. Go team Go! |
