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BioNano Genomics - breakout - possible Q1/Q2

Long
NASDAQ:BNGO   Bionano Genomics, Inc
BioNano Genomics - breakout - possible Q1/Q2 mitd-term route

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Beard game 💪 but your overthinking it. Think of Jerome Powell. Saphyr go brrrrrrr! 🤟 I agree that earnings will be key to its success as it should be. It’s never too late to buy back in and get out those puts...
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I am currently in those $25 strike cash secured 2023 leap puts. I bought the common at 89 cents last August after a person familiar with the technology explained to me. I sigh.. because I sold it based on the idea that delisting was likely and a great technology was headed for bankruptcy court and a wipeout of the common holders. See the emotional plea to shareholders from the CEO in letter form.

My reasoning was that even though this is great technology with really necessary use I wondered if it would be profitable. Many things are developed but the question is whether or not it is profitable. I wondered if the idea of letting an organization send a diagnostic sample to the company when the institution in question would not buy the Saphyr System was a good way to go - if the system sales were slow to roll out. And so it goes.

After the reverse split and some positive PR and an equity raise it appears the system will gain world wide use. Hopefully this is profitable and not a pumpkin truck company.

Pumpkin Truck Company... A man buys a truck and delivers pumpkins to market. Then he goes home and totals it up to discover a $1000 loss. The problem he decides is he needs more trucks. Think Uber/Lyft more markets, more, more, more and narrowing losses. But still losses and shareholder capaital burn all on the future earnings prospects when billions in revenue are not profitable. If not now, when for a pumpkin truck company?

The only question here is not the technology. It is the pumpkin truck aspect of this business model at present.

A few quarters will tell.

Worth owning and watching but ouch..

89 cents and I sold... brain damage... I always worry about pumpkin truck businesses.

I am taking a shot with this one. the technology is worthwhile.

Someone should buy it.

Maybe the large company in this industry down the street.

all the best
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