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Biotech / Medical : GLGC Gene Logic -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (184)	3/17/2005 6:51:36 PM
From: Mike McFarland	Respond to of 360

The Company expects its cash position to be approximately $70 to $75 million by the end of 2005 and that it will be generating cash in 2007. .................. Have not listened to CC, and probably wont get a chance til Sunday. Looks like I will be holding this for awhile. Not crazy about this guesstimate that they will turn a profit in 2007. It will be an awfully long wait in '06 for that, and they'll be burning all the way. On the other hand, if they pull it off, this will probably be trading around 1x sales if it maintains the current marketcap. I think the whole thing will hinge on 2006, either there will be a trend toward profitability next year, or they will be burning through their cash in '06 in order to make a profit in '07. I think I'd rather they just got bought out now. Geeze, I even offered up the new name on the Yahoo board: Perlogic. I didn't get one comment back, naturally.