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Biotech / Medical : Neurobiological Tech (NTII)
NTII 0.00010000.0%Jan 9 9:30 AM EST

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To: Dr. John M. de Castro who wrote (261)2/7/1998 5:34:00 PM
From: John Wright   of 1494
 
>>>Please tell me what I'm missing here?<<<<

John, I'd like to think nothing is missing however since the recent flury of announcements the share price is close to hitting its all time low. The so called 'market' seems to have either completely discounted all of the potential benefits you mention above or is simply so grossly ineffficient in the company's valuation. Being a finance guy, the efficient market pricing theory says a companys share price should reflect all publicly known and available information into the companys share price at any given time. So that the current valuation is fairly accurate. Is this the NTII case? I like to hope not. However, their is only so much cash left before it all becomes mute.

Bye for now,
John
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