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Biotech / Medical : Life Medical Sciences (CHAI) for Hair Regrowth?
CHAI 2.220-7.5%Jan 13 3:59 PM EST

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To: Sean Lin who wrote ()8/18/1999 2:12:00 PM
From: Art Odell  Read Replies (1) of 1152
 
Mark..............

Since Moskowitz is no longer on the board of directors, how do you see his influence on Chai's future? Any kind of take- over is out since I believe Chai now has the "poison pill" option to protect them from such manuevers. I suppose he might be able to persuade members of the board to consider alternatives -- but that is about it. I think his private placement is also a statement of faith in Chai to go it alone.

My major concern is that anyone who finances Repel-CV will
need to support Chai's day to day operations as well since they are not yet profitable. It would be much more favorable for a major company to buy the rights and put the Repel products on fast track since competition is quickly coming up. Chai has been notorious with not meeting schedules and as a management team I wonder who would take the risk leaving Chai the program to direct on their own.

It may have to get worse before it gets better.

Art
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