Forum Archive Index - October 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

George

It's crazy isn't it -

Genesis - Superb management, multiple products/treatments, real
innovation/research, real income, real communication with
shareholders/investors and real cash

Blis Tech - One product so far that is a long way off from being
commercialised(antibacterial protein called Salivaricin B), unknown
management, unknown innovation/research, small income, poor communication
with shareholders/investors and small amount of cash.

The market works in mysterious ways, sometimes...

Ben Dutton
(Disc. hold neither)

P.S. Does anyone know the Blis story?  If so, I and others would like to
hear it...perhaps the market knows something that I don't which would
explain the value differentiation.


----- Original Message -----
From: "george souros" <g_sourous@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, October 24, 2001 9:01 AM
Subject: [sharechat] Genesis vs Bliss


> In light of the current World Situation (Anthrax attacks etc) I have been
> doing some number crunching on biotechs on offer in this region of the
> globe. What I am having trouble understanding is how a company in the case
> of Genesis with approx $40million+ cash in the bank & revenues of $12m
p.a.
> be worth only marginally more than another Biotech, Bliss, which has
approx
> $5m in the bank and revenues of only $400,000 p.a.??!!
> Is Bliss a better company than Genesis or is this a situation of Bliss
being
> another "South Island Mafia" Tulip bulb scheme? Seems to be lower trading
> volumes of Bliss compared to Genesis and as we all know stocks tightly
held
> in good times drives prices up but when the mania stops will this be a SMR
> type shareprice disaster for Bliss shareholders???
> Comments would be appreciated
> Disc. Hold none of the above
>
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