Good up swing BUT

>>U.S. Operations: As a cost saving measure and to improve research efficiency, the Company closed its operations in New Brunswick, NJ in 2007. This closure included terminations of personnel and removal and transfer of lab and production equipment valued at more than $2 million to Nigeria. Presently, the Company maintains an office in Edison, New Jersey and employs 3 people in New Jersey on a full time basis, two located at Rutgers University, and several people part time. It also utilizes laboratory space on a cooperative basis at Rutgers University and is engaged in the further development of NICOSAN(TM) and the development of 5HMF, a compound licensed from Virginia Commonwealth University for the treatment of sickle cell disease.

COST SAVING???? >>Litigation - USA: The Company is subject to various outstanding lawsuits. These include the litigation previously disclosed regarding claims for payment of monies by each of Dr. Ramesh Pandey, Dr. Renuka Misra and Bhuwan Pandey. More recently the following additional legal proceedings have been instituted: (i) an action in state court by a laboratory services and materials company, seeking in excess of $325,000 for certain services allegedly performed on behalf of the Company; (ii) an action in state court by a leasing company seeking in excess of $20,000 for the balance due on an equipment lease, plus costs and fees; and (iii) actions in small claims court by: (a) a former landlord for the payment of utilities and removal of hazardous substances; and (b) a supplier of office supplies.

I hear you Im still trying to figure out the upswing on this myself

I mainly going by my Theory The news and evrerything is good too but means nothing if the numbers arent there to back it for some reason you can have really dumpy news like this and it goes up better than ones with new news or no news

Well ......OK Are the # of trades people selling to get out or in??

I agree i have bought for the good up swing and sold on the down turn.


Withour reading the fine print

Id imagine in for some reason it went up from 0.0004 ask today something up.

even if you got in at 0.0004 you be rich getting out at a bid at 0.001 ask 0.0025 hard to say its all about the gamble The spread is pretty big will be interesting to say the least

They're having a conference call on the 10th. maybe that has something to do with today's spike.

Here's an interesting article, in case you haven't read it yet... http://www.mg.co.za/article/2008-07-01-nigerian- sicklecell-drug-mired-in-controversy

I like when drug companies care more for the people than the money. But I'm still going to wait until the 10th to get into these guys.

Oh yes there will be some controversey here so keep it coming if it is a good conference call than by all means we will see big results just check the boards could be your next big winner right in front of your face