elsewhere a few boiler room employees and random people who do not yet understand that “the stock doesn’t know you own it”– peter lynch’s classic paraphrase of the principal of insufficient reason–have been paraphrasing my thoughts about the plan by which btiotime (btim.ob) stays in business.
these hypesters maintain that i said biotime (btim.ob) has no business plan. that’s not anything i have ever said at all. but then hypesters exist to push the greed inverse of fud.
so, for the “record”, here is the summary of biotime’s nusainess plan from inception to now, with michael west, the “stem cell guy” at the purported helm, although al (outboard al, twa al, bethlehem steel kingsley) is actually now running the shoppe.
i have never sad that btim has no bizness plan.
the plan, according to btim, as stated in its filings is:
1. license patent estates and repackage them; (being done)
2. license software for the building of a clearing house for stem cell info; (done);
3. develop a line of reagents and tools for biomedical research (in progress)
4. sell stock to fund the inner circle (being done more and more)
5. use the buzz to get listed on nasd or..lol..amex… (in progress)
6. hire boiler rooms to pump (done regularly);
7. increase financiers’ net $$ and % without risk (every year since 96)
8. sell stem cells (been being done for over a year without report of any sales)
9. cash checks from hextend license and distribute to financiers to keep the door open,(done every year from 2000 to april this year);
10. get grants, and do work once the $$ are in hand; (limited success with hextend (<$1mm since 2000, studies evidently failed since there was no follow up) $1.6mm a year for 3 years offered by california for stem cells. six month after grant authorised, no reports of money received, but a statement from btim that with $4mm in the bank thy will do no work on th grant project til cash in hand, even tho the grant is for the core of their held-out biz strategy.
11. spin off “subsidiaries) that allow the financers to profit w/o very low risk;
12. use warrants as a play pretty to manipulate the borrow and bring in cash to the treasury (maybe 5 or 6 times in 12 years);
13. paint the tape.
how well is this plan working??
for those who like the story and understand this puppy is about 1% as solid as fnm, i’d suggest a tonne of limit orders ~4, and get out anywhere north of 5 that makes you happy.
that’s 25%. or, if u really like this puppy, open up the limits in a widening ram from 4 7/16, and taper i out over 5 1/4… for 25% plus some free shares.
…since that’s what the players here have been doing since… hmmm…. ‘96???
what was it that happened in 96? that’s about when biotime started paying al kingsley for “advice.”
Posted under business
This post was written by admin on October 18, 2009
