New companies are risky to join because
so many fold in the first two years.
More in the news about GeneLink,
owner of GeneWize, a brand new
company, is in deep deep debt.
(over 12 million bucks)
Here's a Quote from page 8 of their 2007
"We have a history of losses
and expect continued losses
for the foreseeable future.
We commenced operations in 1994.
We have incurred significant losses
to date and revenues have been
Our expenses have exceeded revenues
in each year since inception.
Given planned levels of operating
expenses, we expect to continue
to incur losses for the foreseeable
Our accumulated deficit as of
December 31, 2007
*Our expenses have consisted
principally of research and
development, salaries and for
general and administrative expenses
incurred while building its business
*We expect to continue to experience
significant operating losses in
the future as we continue our
research and development efforts
and expand our marketing and
sales force in an effort to
commercialize our products and
*We plan to increase operating
expenses in anticipation of
*If our revenue growth is slower
than anticipated or operating
expenses exceed expectations,
our losses will significantly
*Even if we were to achieve profitability,
it may not be able to sustain or
increase profitability on a quarterly
or annual basis."
You can see the entire report filed
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ANNUAL REPORT FOR THE FISCAL YEAR
ENDED DECEMBER 31, 2007
COMMISSION FILE NO. 0-28077
So, would you have joined this company, if you
knew all this beforehand? It's so nice to have
a place to get this education.
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