Deltaagen Inc (EM) (DGEN)

Anyone know what happened today, why the huge drop?

I got a feeling about DGEN Popping soon!

DGEN major bounce could be on the way

Great post,just what i was looking for.
Thank you
Jeff

DGEN posted 1st qtr results on 5/22, but has not affected pink rating as pink no information.

http://www.otcmarkets.com/stock/DGEN/news

Website up and running - bentenbio.com, no mention of deltagen on the site.

still waiting for... something

aarrgghh

Second Quarter is out...more delays

Well, that sure took a nasty turn :)

BCIDemo site is down now. I spoke with mgmt about it and it was not supposed to be up - developer had it set to 'publish' in error. The 'news' items were bogus and just for practice in working with the site, is what I was further told.

Nice find. Let's keep an eye on it - maybe they'll try to make IR less of a joke.

http://bcidemo.com/default.aspx#

very interesting - especially the 'news' items - but you can't click through. It was my understanding that the company wanted to do one more round of funding, and they wanted to do it with well known biotech funds for street cred. IR is a joke though.

A sign of life! And your first post on IHub, no less. Welcome.

You may want to look at a couple of things if you haven't seen them already:

http://www.deltagen.com/pressreleases/20101208bio-life-tech-presentation.pdf

and

bcidemo.com

Agreed on all counts. Glad someone else is still around -- please post if you find out anything.

I put a call in to the company and hope to get some info back.

What I would really like to know is what the world will look like from their perspective once the new facility goes live "early in the third quarter".

Will it produce more of the same (existing products) or new products? What level of demand is anticipated and how was this arrived at? How long will it take before the new facility can meet demand? Is there any chance of it running at capacity in the near term?

They have spent a couple million on the new facility and are proceeding with "turning it on". That implies there is value to doing so and demand for its output, which implies some revenue--possibly considerably more revenue than we have seen to date.

Just keeping the flame alive. The company seems to be at a loss for words but they can't possibly have used up that entire cash hoard yet... can they??

I guess everyone else has moved on to stocks that actually trade. I don't remember how much of this thing I own but will hang on awhile longer just in case....

Another mostly silent month. zzzzzzz

Didn't realize you were in this one too. A strange, silent little company. I wonder why they're even bothering to be public.

Some vol finally. .05 flat. Vol 35 times avg. all in the last few minutes.

zzzzzz

shhhh - you might wake it up...

And then it went back to sleep again. Go figure.

Saw that volume - very big for DGEN

No one talking here about the past week's volume, but it was significant. Something may be up....

Don't quote me - I think around 65-ish? If you find the Benten merger release from late '09 they give the number - I'm just too lazy to go back and look and my brain is leaky these days - but 65 is pretty close.

how many shares does DGEN have outstanding?

I do believe that certain royalty rights with the big pharmas who were subscribers were waived as part of the bk exit process - in exchange for releases on deliveries of new knockout lines - but there remains potential over and above what Benten can do.

>>you might not be aware that back in the day the big pharma's all ponied up 25 million each

along with giving DGEN royalty rights on top of the 25 million for any drugs commercialized from the data, and the mice were extra. The major deal that mgmt pulled off to pull the company out of bk was a multi-million deal with the NIH and the Wellcome-Trust whereby mice and the database were made available to academic institutions on a royalty free basis - but royalty rights were retained for any commercial development of any academic development. Run Deltagen through the US Patent Office database - they hold dozens. Hundreds more were in the application process pipeline but had to be abandoned as the legal fees for patent perfection were not sustainable - another proper call by mgmt. All to say, this company has been an absolute steal at a nickel.

As I've posted before, I've been in DGEN for years - all my shares are more than free having received the 3 liquidating distributions that followed their emergence from bk several years back (well, not all my shares, as I have been buying more over the last month). While mgmt has not done much over the last 3 years or so other than minimize burn, I do believe based on my few conversations with them that they were in fact waiting for the best opportunity to monetize the mice and DeltaBase (if you are relatively new here, you might not be aware that back in the day the big pharma's all ponied up 25 million each just for access to the database - its not flimsy IP). Having watched mgmt right the ship during the period of bankruptcy, I know that they are capable of rolling up the sleeves and getting it done. I was quite impressed with the structure of the lease for the new Benten facility as a case in point. And therw is 10+ cents free cash per share. So cash at 50% off with impressive IP for free and a proven mgmt team. The fact that it has sat idle for the last few years will no doubt make it harder to get back on the radar, but it will get there, Benten will be the trigger.

There were obviously a few people who couldn't wait to sell into the pop, but it's still good to see this level of activity. My guess is that someone thinks something's going on, but have not tried to confirm.

DGEN - today's volume is almost 20x average volume

OT: yikes WZE also went goo goo goo, many of my old in the basement stuff starting to unhybernate!!

Nope. Have not been in touch with the company. Apparently someone wanted some stock pretty urgently.

I noticed, and moving quickly. Any reason you know of?

Holy molly I can't belive it, have 55K and was cursin day I bought It. What gives?

Insiders once paid double so more room for ball and chain crowd!!!

Shhh! Don't look now but DGEN has awakened.

I hope these guys are working on a cure for anemia.

There's been some volume lately... time to wake up soon?

thanks; good value here w/cash position alone

Thanks for the background.

Its cheap here trading at roughly 1/2 cash and IP for free. There has been nothing much to look at for the last couple of years (and I've been on this one for 7 or 8 now - having bought in the first time around at an average price of a nickel - those shares are all more than free now as DGEN distributed some nice cash distributions after emerging from bankruptcy). What they've been needing is a catalyst for adding value to the IP. Could be a very good climate for outsourcing services right now, plus its a service wrapped around that DGEN themselves created. Picked some more up today based on the lease being indicative of DGEN having something new to talk about in coming months. These mice have real value - that was always true and evident throughout the bk process several years back.

Volume precedes price, no?

I don't believe there has been any change since the time of the acquisition.

are #shares o/s still around 40 million; thanks

Nice find! Good to know things are moving along although the company remains quiet as far as press releases are concerned.

Benten got some space

http://www.bizjournals.com/philadelphia/blogs/real_estate/2010/05/benten_bioservices_moving_to_malvern.html

Volume is great; price, not so much.