Errin phone call:-Answering my email. The conversation was brief, he is on vacation, at the cottage and the kids were in the lake.
-His principle- no news is good news, if is not something significant, why to try to pump up the share price artificially, to fall back after?
-That’s the reason MBI has no news releases.
-From his point of view, there are three reasons for the depressed MBI stock price:
1. The Dissident Petition, which has no legal ground or proof. Errin is a lawyer, but he hired the best Litigation BC Lawyer, to solve the problem. Expected solution: before year end. The Judge might just throw out the case.
2. The Litigation left with Signal Genetics and Respira Health : The original <big money case>, was thrown out by the Judge. A small case is still pending, regarding a Reword/Penalty, which could be thrown out or rewarded. If so, it should be smaller than Precision commitment to pay, with no reimbursement expected.
3. The Precision commercialization launch is according to the original schedule, being expected in September, October or early November. There are too many factors affecting it for a precise estimation.
I’ve asked Errin about future tests developed with Precision. He said that’s possible, but in the future. At the present time, MBI does not have money to burn on R&D.
I do not want to comment on some posters predictions that the MBI stock will pass the 20cents mark in a couple of days. As long as there are no significant news, or big institutional investor, no way!
The stock might crow up, slowly, 1-2 cents a week. Please, don’t shoot the messenger, 65 years old and over 2 mil. MBI shares. Cheers