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Biotech / Medical : Cistron Biotechnology(CIST)$.30
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To: John Chylek who wrote (895)11/3/1997 8:29:00 PM
From: Steve Harmon  Read Replies (1) of 2742
 
John C.,

Yes. Use the example of both IBM and INTEL last week. CIST's mgt. could easily INCREASE shareholder value any day this week by initiating a stock repurchase program. Begin by using just $500,000 of their cash hoard of $15 million. They could buy back 1 million plus of their shares at extremely cheap levels.

This could do a few things for CIST's stock:
1)Eliminate the remaining selling pressure keeping CIST's stock price down.(MARK CAPITAL's remaining position of less than 500,000 less shares)
2)Give the stock INSTANT support.
3)Eliminate any manipulators in CIST's stock that may be trying to keep CIST at these SILLY levels so they can potentially purchase the remaining MARK CAP position on the extreme cheap.

I am sure that CIST's mgt. is considering this as a possibility. And I am VERY SURE that the 5%+ of CIST shareholders here would vote for the stock repurchase program in a heart beat.
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