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Biotech / Medical : Zonagen (zona) - good buy?

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To: F. Jay Abella, III who wrote (3397)4/17/1998 9:14:00 AM
From: Anaxagoras   of 7041
 
<<Stock to be sold, transactions to be made.>>

Jay, that's fine, no one but a neophyte doubts that even the most respectable houses aren't interested in rounding up a little investment banking whenever they can- I bet I can pull up just as many examples of this as you can. However, that wasn't my question, so it's irrelevant....

In this case, it doesn't make a lot of sense unless you think the company is planning on selling some stock soon in the next year or so (otherwise why not just issue "Strong Buys" on anything that moves?), but you suggested this scenario by your reference to the possible filing of an S-3. Now, of course, it's always possible, but I always prefer to consider the probable. Zonagen is in a very strong cash position right now and will be for some time it looks like, so I ask you again to tell me a story about what kind of stock Oppie would be expecting to sell for Zonagen in the next year? I don't see that as plausible, but come on, try again and make something up.

Anaxagoras
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