So many catalyst to drive this forward (for newbies)
For the serious investor take 5 mnutes to read the following article
https://www.biotuesdays.com/briefs/2016/11/11/genenews-introducing-diagnostics-to-nuehealth-physicians
Quick summary (updated)
1) Blood is being tested .... at their own lab (40 million replacement cost)
2) The cost of their test is significantly less than that of their competitors
3) The Nuehealt deal is 1000 doctors and for 3 years (Last time 1000 doctors were on the books the sp was 1.80 and they only owned 1/3 of lab)
4) Nuehealth is in expansion mode (lhttps://www.nuehealth.com/)
5) Historically 1000 doctors (yes when fully impl(emented) equals 20k test per month
6) Break even is 3k test per month (70% profit margin)
7) Riggs did not sell the debenture bump (this would of been a red flag) he sold the low 30's and still is the biggest shareholder. Presumably he will want to regain the same % of the float while simultaneously taking care of short term cash crunch
8) For the nervous nellies Gen still has access to 3.5 million dollar line of credit
9) THE FIRST QUARTER 2017 IS BREAST CANCER BLOOD TEST ROLL OUT
10) Exas (MARKET CAP 2 000 000 000) poop in the jar might be inconvenient but insignificant compared to getting your breast squeezed in a press https://www.youtube.com/watch?v=4Pw1Duz220Q My wife describes it as painful WARNING NUDITY
11) Aside from getting your breast squeezed in a vice GEN might provide the solution for dense breasts. I knew mammograms weren't particularly effectifve with dense breast (40% of breasts) but what I didn't know was that these are the breast most likely to have cancer. https://www.cancer.org/cancer/breast-cancer/screening-tests-and-early-detection/mammograms/breast-density-and-your-mammogram-report.html
12) Wrap your mind around point 11 for another moment
13) EXAS has one test market cap is 2 BILLION . We have 3, soon 4 (breast) end of year 6
14) Liquid biobsies are the way things are heading and Genenews has a head start on just about everybody.
Folks the thing was at 2 cents this time last year and I'm hoping and expecting a similar percentage rise from current sp. Trade if you must but keep a piece of the pie.
Tic toc
Peace