RE:RE:RE: been here since 09' ;)
Couldnt agree more. This issue has plagued these guys for over a decade, its driven me to drink. Wait... I already drank... OK.. its driven me to drink even more !
They have chronically overpromissed and under delivered, largely because they were almost entirely dependent on OTHER companies execution.
While I know they have "heard" us all on this issue, I feel the company for a very long time has had an honest addiction to optimism around revenue.... They HAD to in order to keep alive... and to keep the wolves from the door anticipating the next financing . But here's the kicker... " this time is different "... and here is why.
To be clear, I am not saying that I think they are going to announce a revenue run rate that meets or exceeds expectations. Although candidly I do believe they will deliver at least $20mm in H2 /15.... but it almost doesnt matter. This time is different because the market and analysts for the first time are truly starting to appreciate the value that the company is in the process of developing with its proprietary technology, and how far their various small molecule drugs are in the developmental stages. As more and more positive results emerge from the various initiatives, this will become an ever larger story.
In that respect, more than ever, the quarterly revenue matters less and less. In fact, I wish they would just come out and forecast $25mm in annual rev for the next two years... and lets focus on the far far bigger prizes. They can absolutely raise $50-$100mm in a heartbeat right now.... its a non factor like never before in the company's history.
The ultimate irony is this, the company is transitioning from one that was focussed on recurring revenue ramp derived from Resin sales, to a company with transformational unique and valuable drugs that are likely going to be worth BILLIONS ( if they arent already ) And the production of those drugs, if it makes it that far without being bought out, will require a WHACK of resin... so everbody wins.
so I say, chill out, stop with the conspiracy theories of market manipulation this and that. Get long, stay long.. and 1,3,6,12-18 months from now we will all be much better off.