I just want to know how many people follow BSYI . . . They will soon get a FDA approval for their knee repair product and that will make the stock price sky rocket . . . They are evolving in a 70 billion market !!! Wow.
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S/Kid For what it's worth the company has to at least maintain a volume of at least over 100K to get it going. Looking at a Parabolic price/time chart has a sell indicator. Resistance is showing $1.01 SEC filing statement derived from the company, filed 8/14/03: 10QSB
The Company has incurred net losses each year since its inception and anticipates that losses will continue for the foreseeable future. For the three-month period ended June 30, 2003 and the year ended March 31, 2003, losses amounted to $752,474 and $3,652,709 respectively and accumulated deficit was $21,610,572 as at June 30, 2003. Furthermore, the Company has not completed the development of any product that can generate the level of sales necessary to enable the Company to continue its operations without outside financing. The Company's ability to continue as a going concern is uncertain and is dependent principally upon its ability to obtain further financing to complete research and development projects and market products, achieve profitable operations, and generate positive cash flows from operations, as to which no assurance can be given.
It is expected that additional funds will continue to be required for an indefinite period as no estimate can be made as to when the Company will achieve profitability. The Company continues to limit operating costs and capital expenditures based on its estimated cash requirements and financing available. Management continues to negotiate further financing. The success of these negotiations is dependent on a number of items outside the Company's control and there is substantial uncertainty about the Company's ability to successfully complete any negotiations for future financings
Cj
quote:Originally posted by swingkid425: Hi Folks,
I just want to know how many people follow BSYI . . . They will soon get a FDA approval for their knee repair product and that will make the stock price sky rocket . . . They are evolving in a 70 billion market !!! Wow.
They got their funding and Serge Savard the Canadian Hockey Team Hall of Famer, just got his knee repaired and everything went well. Since then, 2 other people got a derogation from the Canadian government to get their knee repaired with the BSYI product that is not yet approved by FDA. This is excellent and as soon as they get the approval, that 1$ price is history. It will be worth at least 10$. They got 1 million volume 2 days in a row a couple of weeks ago !
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SwingK, FDA may take some time for approval as the product while good still needs to illustrate it's strength and fit into FDA's timeline workload. If there was some way to know when FDA would approve their product this would definitely benefit the company, until then the FDA is so behind on other products. The company will have to grease someone's hand to push the product out faster (put it on top of the workload pile). IMO Cj Cj
quote:Originally posted by swingkid425: Hi Chicago,
They got their funding and Serge Savard the Canadian Hockey Team Hall of Famer, just got his knee repaired and everything went well. Since then, 2 other people got a derogation from the Canadian government to get their knee repaired with the BSYI product that is not yet approved by FDA. This is excellent and as soon as they get the approval, that 1$ price is history. It will be worth at least 10$. They got 1 million volume 2 days in a row a couple of weeks ago !
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BSYI is supposed to get a FDA audience sometime in October. Once it happens, this puppy will skyrock. The volume will increase and this will hit at least 10 bucks. Catch the train while it's still time !!!
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SwingK, Thanks for the info But I like train to run on tracks. The company needs to develop a good track for folks to really follow. Cj Good Luck Kid.
quote:Originally posted by swingkid425: BSYI is supposed to get a FDA audience sometime in October. Once it happens, this puppy will skyrock. The volume will increase and this will hit at least 10 bucks. Catch the train while it's still time !!!
The stock climbed yesterday of 10% with a peak of 15% . . . The volume increased to almost 200K. This thing is for real . . . it always pops on strong volume . . . And I predict that in the following weeks there will be a steady base of 100k volume per day with peaks to 500k and more . . . That should bring the price all the way up to 2-3$ before the end of the year.
This one is for real . . . Another 12% up and that not it . . . Remember the FDA meeting I talked about . . . well . . . if I look at the volume increase . . . something is cooking . . . They might have got the meeting and if they accept the product . . . BOOM 5$ !!!! Don't miss the plane . . . it's taking off at the moment . . . in a few days, we'll see 2$ and then 3$ and you know the story !!!!
She's dropping kid in price and Volume. Good luck though.
on a news note: Wednesday, September 24, 2003 16:22 ET
During the last 90 minutes of today's session, shares of BioSyntech Inc (OTCBB: BSYI) demonstrated a strong DOWNWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.
quote:Originally posted by swingkid425: Hey Chicago,
This one is for real . . . Another 12% up and that not it . . . Remember the FDA meeting I talked about . . . well . . . if I look at the volume increase . . . something is cooking . . . They might have got the meeting and if they accept the product . . . BOOM 5$ !!!! Don't miss the plane . . . it's taking off at the moment . . . in a few days, we'll see 2$ and then 3$ and you know the story !!!!
[This message has been edited by Chicago_joe (edited September 27, 2003).]
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BSYI is still on fire . . . it will soon reach 2$ !!! Don't miss the train . . . It's going all the way up to 5$ and it'S moving fast !
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