Did you guys see this report on biomeds put out yesterday? What are your thoughts?http://biomedreports.com/articles/mo...-pinkllbo.html
Lifeline Biotechnologies (PINK:LLBO), maker of the radiation free early detection breast cancer system called the 'First Warning System', issued a PR on Monday announcing the completion of the company's information for the pink sheets. The new filing can be found under the LLBO stock symbol on the pink sheets website.
The move towards keeping the company's financials current is nice move towards full legitimacy in the eyes of investors, but CEO Jim Holmes also stated that Lifeline will issue several hundred million more shares during the first quarter of this year.
Lifeline Biotechnologies, Inc.
0.00 - (0.00%)
Intraday | 3 Month | 6 Month | 1 Year
Quotes delayed at least 20 mins.As I've stated before, an investment in Lifeline is one that comes with the understanding that the authorized and outstanding share counts are huge - but there is also a whole lot of potential in the 'First Warning System'; especially with the current news headlines regarding breast cancer detection and the risks of radiation.
The continuous dilution limits the potential upside after any positive news from the FDA, but if the agency is satisfied with the current information provided and doesn't ask for additional data, then Lifeline will quickly file a 501k and nice move in price should still be in order - in my opinion.
It's a dog-eat-dog world out there for small start-ups, but with a product that boasts the potential of 'FWS', the future should be a bright one for Lifeline and its shareholders - dilution or no dilution.
I picked up a few more shares on Monday afternoon and will add on any dips.
Disclosure: long BIEL and LLBO