Digital Angel is rescheduling the earnings conference call. Key words to note here are "Strategic Alternatives".
Digital Angel Corp. (DOC.A: Quote, Profile, Research) on Friday said it is rescheduling the release of its third-quarter results to update shareholders on strategic alternatives for the company.
If you revisit their recent history they just got a patent on glucose sensing microchip on diabetes. Before that stocks was at a 52 Week low. My feeling is that they are announcing a strategic alliance or may be a buy out. They might have the patent but they can't do it alone cause they don't have the money for it. They are small in market cap and their revenues aren't bad for a company in this industry group at this point in the company's evolution.
I could be completely wrong and "Strategic Alternatives" may mean the company is figuring out how to get more funding also. They have enough cash though so I doubt that but you get the point. Could be anything but most likely it's good news.
Cheers,
Ahu
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