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Biotech / Medical : Neotherapuetics possibly has a breakthrough drug - NEOT
NEOT 1.919+4.3%Jan 17 4:00 PM EST
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To: Marty who wrote ()8/5/1999 11:16:00 AM
From: Marty  Read Replies (2) of 204
 
I just don't get it. The stock is down 7/16 of a point this morning on 300 shares volume.

Here is a company with the best prospects in the world and they can't find an investment banker who can come up with $3,000 to keep the stock above 10. Either they can't find a PR company capable of communicating it or they prevent them from disclosing or interpreting for the public what they have going.

This obsession with keeping the competition in the dark is overdone! It is fast approaching the point that it will no longer matter what the company announces. No matter what good intentions may be offered up as justification, they will cross the line and get a reputation for indifference to shareholder losses. The elephant in the front room nobody mentions is that they obtained $10 million in equity funding from new investors while the old investors lost a THIRD of the value of their investment.

They may have $10 million new dollars for additional testing but that will be the end of it for dipping into the public trough if this hemorrhaging continues. My confidence in the company's competence to select intelligent advisers erodes and my anger over its inability to recognize it and DO SOMETHING about it increases with every down tick.
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