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Re: [sharechat] Genesis

From: Phyllis Bergquist <>
Date: Mon, 26 May 2003 15:27:25 +1200

I think also, cautiously, that sometimes, ideas take a fair while to
develop.     The general populace thought Carl Benz was more than a bit
peculiar and look what we have now.    You never know - might be a bit out
of our time but ideas people have a way of finding something to take the
place of a declining or unpopular commodity.      Just a thought    Phyllis.
----- Original Message -----
From: <>
To: <>
Sent: Monday, May 26, 2003 2:55 PM
Subject: Re: [sharechat] Genesis

> Hi mvanv  (Mick)
> >
> >
> >> Doctor prescribes grow-your-own power
> >>
> >> 24.05.2003
> >>Dr Jim Watson has a startling new vision for New Zealand's economic
> >>future. He wants us to grow our own energy.
> >>
> >> The chief executive of New Zealand's largest biotechnology company
> -
> >> Genesis Research & Development - has big plans to take his science
> >> beyond medicine and food.
> >>
> >> He is proposing to engineer plants that can be used to create
> >> alternative fuels and biodegradable plastics.
> > >
> > >This is not just academic theory. The seeds of his vision were sown
> >> last month when Genesis announced its strategic plan to split in two.
> >
> >
> > Sounds like Genesis has well and truly lost the plot.
> >
> >
> There seems to be a bit of Genesis bashing going on, and I think it is
> time to put Jim Watson's comments into perspective.
> First, this news report does not seem to be part of any release of any
> information to the stock exchange.   So it sounds to me like it was the
> product of some kind of newspaper interview in which Watson was
> encouraged to speak out about the potential of Biotechnology.  Just
> because he did so, I don't think it's the same thing as saying that he has
> gone off his tree.   Watson freely admits that the seed capital for
> biotechnology is not there as it was at the time of the biotechnology
> boom.   So what is wrong with flying a kite to try and get some less
> traditional backers of of biotechnology ( like waste disposing companies
> and energy producers) interested?
> Furthermore the science needed to bring these visions of the future to
> fruition is within the core competance of Genesis to bring about.
> Mucking about with grass to make it more disease resistant, and
> mucking around with plants so that they can produce more material for
> fuel are two applications of the same technology.
> It is true that most biotechnology experiments ultimately 'fail' in the
> sense of achieving completely their original objective.   But just like
> Macdunk's flounder fishing machine, there is some 'scrap value' in these
> failed experiments.   All these 'failed' experiments go back into
> improving the biotechnology techniques that are the core competance of
> Genesis Research.  The effort is not completely wasted.
> Finally it is in the nature of applied research to always be looking out
> new applications for the technology you are working with.   The more
> 'end line customers'  that see a positive gain from what you have
> achieved the more your reseach can be amortised amongst them.
> Spreading operating costs out over more sales is sound business
> practice.
> discl:  Indirect shareholding in GEN through my interest in WRI
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
> --------------------------------------------------------------------------
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