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Micro Penny Stocks, Penny Stocks $0.10 & Under
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MODC: 509% revenue increase, low float, & looking for acquisitions!
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[QUOTE]Originally posted by northwoods: [QB] [QUOTE]Originally posted by WarpedMind: [qb] It's just a projection, not a contract or promise. I believe they even tried to explain how they came up with that number. I think they were just trying to say the POTENTIAL revenue from this product. [/qb][/QUOTE]The Oct 11 pr '$100 Million in Revenue Projected' is based on the U.S. market only. 'It must be noted that our predictions only cover the U.S. market. The international market is much larger and will be part of the company's initial marketing efforts alongside the U.S'. From the Knobias interview released 10/16: 'The Company plans to initially target the international marketplace, where expedited regulatory procedures provide a more favorable timeline for entry into the market'. Also in this interview was the same $100 million figure. Why did the MODC give revenue projections for the U.S market when they knew that they would 'initially target the international marketplace'? One of the first questions Dr. David Rasnick was asked in the interview October 9, was, does the cancer detection system need FDA approval? His response was, It did not require FDA approval at this time, but we may go that route in the future. Dr. David Rasnick's statement leads me to beleive that it does not require FDA approval at this time because the system is not going to be marketed in the U.S, at least anytime soon and that the company knew that prior to doing the 10/16 interview and releasing the 10/11 pr. [/QB][/QUOTE]
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