Essential Therapeutics (ETRX) formerly Microcide (MCDE Message Board

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Biotech / Medical : Essential Therapeutics (ETRX) formerly Microcide (MCDE

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To: John O'Neill who wrote (157)	9/4/1998 7:06:00 PM
From: WTDEC	of 415

Hello JO. I'm still here waiting for $9 to look like it was a good buy. MCDE has plenty of cash so there should be no need for them to do any new issuance at these crummy levels. Maybe they will take a cue from GLFD and buy some shares back with all the cash they have. In any case, I have a nice cash inflow due soon and hope to buy more. Maybe I'll get it at less than the cash value per share...$3.20 per share .... if this market mania continues. Roughly 80 cents per share for the technology and R&D developments here is the bargain of a lifetime and there are numerous such bargains in biotechland today! Meanwhile, the business is right on target as you indicate. Hope all is well with you. Best regards, Walter

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