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Biotech / Medical : Biotech vs. Shorts

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To: biowa who wrote (127)8/10/1999 12:36:00 PM
From: scaram(o)uche  Read Replies (2) of 427
 
Biowa:

Your point is well taken. However, one needs to study the various paths to converts.

Some damn good companies have fallen on hard times after their product candidates have failed in trials. Timing stunk, such that the failure compounded a lack of cash at a time where funding was tough.

Hard to blame that (those) CEO(s).

Berger, OTOH, made no attempt to garner money for shares when at $7. He is also known for having asked for too much from potential partners. Lots of guts and science, short on common sense. That said, I hope that Berger can recover. He doesn't seem the sort that is permanently afflicted. I'll therefore stop short of tar and feather. For now.

Rick
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