has anyone bought shares in a company called isolagen?
2007-03-08 08:07:27 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
Another boiler room hyped "Penny Share"
(& that's saying something since they are a US stock ).
Check their charts - I've never seem so much red ink - been dropping steady for the last 3 years and has started dropping like a stone last few days (down 10% on the week)
As far as I can tell, they are broke about 9 times over .. Liabilities per Share = 27 cents, Share price = 3 cents = so for 3 cents you are buying 27 cents of liabilities :
Guess the bucket bridgade need to find a few more mugs to off-load their almost worthless shares onto so they can get out befor the Company is forced to call in the Recievers.
2007-03-08 09:29:32 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Biotechnology takes a lot of money for developing and testing, and there are always competitors, trying to get the same result by other methods,
It can be highly rewarding if they win the race and their technology prevails, but it is a very risky investment, and most fail.
2007-03-08 09:26:47 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋