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Biotech / Medical : Fountain Pharmaceuticals (FPHI)

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To: Mark Fisner who wrote ()12/10/1997 8:16:00 PM
From: Courtney Willfore   of 78
 
Bombs away - compared to Fountain's performance, Thailand looks like Dell...

Since hitting its high in August this has crashed 75%. What's the deal? I was beginning to think the the new management had grand plans. More like grand dilutions by the market's opinion. Lots of biotechs are getting crunched tho. Could some of this be related to expectations of further loses following the reverse split (tommorrow)? We'll see of it's a contrarian indicator.

Wish I had more time to investigate their drug delever system. CW
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