GREY:DGCRF - Post by User
Post by
SurfForWealthon Apr 01, 2004 10:48am
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Post# 7299287
What's up?
What's up?I am really getting tired of CEO's that publically set expectations with investors only to fall well short. Are we to not believe anything they say? If we cannot believe them then how do we put any type of valuation on the stocks?
BS we were told No. 1
From the Robtv interview last November, CEO Desy told us that they will be profitable from that point forward because of the Gen-Probe deal. They lost 1 cent...that is not profitable!
BS we were told No. 2
From same interview we were told the expenses for FY2004 would be around $250K per month which amounts to $750K per Q. They were actually double that!
BS we were told No. 3
From same interview we were told to expect product revenue of around $3-3.5M for FY2004. Well in Q1 we got $200K. Now I realize that they expect revenue to ramp higher as the FY progresses but it seems like they have a near impossible target based on Q1 results.
Can anyone explain these lies to me? While I see huge potential for this company, I am very annoyed by such significant descrepancies from what we were told and what I did my analysis on before I bought into the story. Cheers!!!