Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Walter Morton who wrote (2298)	6/8/1999 1:45:00 PM
From: Rudy Saucillo	Read Replies (2) of 2742

<<So Rudy, are saying that if the buyer knows about the $31 Million agreement with PMC plus royalties and believes that the CIST intellectual property can help make that happen, then they would pay substantially more for CIST?>> That's not quite what I was saying, Walter. Let me summarize: (1) CIST is not worth $12-$18 per share as you implied. That's absolutely ludicrous. (2) If Naismith finds a buyer for Cistron, I believe it will sell toward the lower end of John Metcalf's estimates...no less than 60 cents and probably no more than 75 cents/share. [Of course, that's still a double from the current price.] (3) There's no reason to believe Cistron will ever see anything close to the $31MM from PMC (IMO). Hope that clears things up! Rudy

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