The Medipattern Corporation V.MKI

You were all one letter off

[oilstocks78]

MBI not MKI. The smart thing to do would have been to license their scanning technology to a big player who takes almost all the revenue but who also takes all the costs. An 8% royalty is better than 100% of nothing which is what MKI holders are stuck with. And MBI's 8% royalty is at a 100% gross margin because their partner takes on all the costs associated with marketing and development.

 

A good lesson to learn from all this is NEVER to buy into a Canadian biotech company that uses debt to try to go into their business on their own. It almost NEVER works. If you must buy a company that tries to go at it alone make sure they have a lot of cash and no near term debt. At least two years worth at their current burn rate, maybe more. EKG is a huge rarity and they are not out of the woods yet. ONC is one of the more succesful biotechs in terms of getting decent terms for financing and even their stock price returns have not been great over the years. But both look excellent compared to the many, many Canadian biotech stocks in the trash heap because they went bankrupt and some private debt firm took over to make a ton of cash on their technologies. Of which MKI now belongs to that group. Even MBI stock price looks poor over the 5 year horizon but they learned their lesson before it was too late and got a partner so they are turning it around and the stock price recently shows it.

[requiemeterna]

When ever there's a screw up of this sort shares holders are never mentioned  and i honestly believe its time they change procedure in the future. Also why not  halt  trading before the  news realese instead of the obvious pump and dump? Don't we have any rights?  Some one will have to answer to SEC. Any one else interested? No retard or luggage handler.

[littlerichard48]

White Collar crime is very apparent and rampant in the running of what was our company.  Stockholders have been mislead and misrepresented by Jeff Collins and our Board of Directors.  Our investment was utilized to develop products which was done in a professional and successful manner as FDA approval was received.  It is very apparent that the marketing and sale of products was not

[oilstocks78]

If I were a shareholder I would completely agree with you. Acquisitions are usually subject to approval on BOTH sides no? Just because that other company was private (I assume) doesn't mean MKI shareholders shouldn't have had the right to vote? I'm just thinking in terms if Google were to spend all its cash to buy blockbuster then need to sell its online business a year later to

[requiemeterna]

 L R 48 check  in box. EOM

[yyz123]

This post has been removed in accordance with Community Policy

[requiemeterna]

Regardless of out come   the # of scans  some day will probably  reach  half mill. to a mill. per year or 10 to 20 $ millions, not bad.

[oilstocks78]

Yes, a great deal of revenue for bondholders who got the company for their $154K loan.

[Pandora]

How about that .... another 50% drop today. Oh, we only went from one penny to a half a penny!