Tim - suffice it to say that I'm not the only person who thinks you're way off on the value of BGIX. I guess time will tell on the opinion part, but I think you're missing my main point which I'll repeat below. As far as the facts are concerned: you know, of course, that BGIX's deal with HealthMagic is not exclusive, don't you? StayHealthy.com and at least one other site (there probably will be many more) have the same rights to the Health Compass thing. You also must know that StayHealthy.com is a private company right now and there is no possible way that anyone can say it is "not doing well." It will have an IPO in the fall with first-tier underwriters in the syndicate. (Who will be the lead underwriter for BGIX's proposed spinoff?)
Most bizarre, however, is your graceless manner of expressing your opinion. You seem to suggest that because my personal opinion is that Biologix is a virtually worthless piece of crap company (which I actually expressed much more diplomatically until you started getting hissy), with nothing proprietary and no way to attract consumers to its site as opposed to Dr. Koop, HLTH, MCNS, ONHN, StayHealthy, Mayo, or any of 15-20 others, that somehow makes me a "basher." What a small-minded way to reply to a poster who asked legitimate, serious questions. You also claim that BGIX's objectives have been met. Oh, silly of me to have failed to notice its REVENUES AND EARNINGS. Those are the only objectives that mean anything. I repeat: The advertising model will not work at all, but assuming arguendo that it will, how will little BGIX beat out its far better capitalized competitors in attracting the UNIQUE VISITORS that will be necessary to attract major advertisers?
Since you seem determined to turn a serious discussion into a trash-talking competition, allow me to predict that BGIX's current valuation should be DIVIDED by 10. I think the .20-.25/share price before they started that nonsense about the subsidiary buying out the parent is about right for a website with no significant revenues. In the short term, anything can happen with the proper level of hype. Why don't we agree to check back here at the end of the year and see if BGIX is closer to 20 or .20? |
