Not as greedy as you might think, after all, other companies have announced AIDS related salves and are still trading. For example:
LAS VEGAS, Nev.--/Stock-Line HOT NEWS/--Jan. 28, 1997&emdash;Amazon Naturals, Inc. (OTC BB: AMZN) announced that using Phytogenics(R), plants found only in the Brazilian Amazon rain forest, Dr. Loricchio, a world renowned biochemist and company chairman, has developed a cream protection against AIDS. The stock closed at $1 5/8 up from a previous close of $1/2. deja.com
Note that Amazon Natural Treasures has since changed its ticker symbol to AZNT.
This is an update on the AIDS cream from a recent article in the Wall Street Journal on AZNT:
Amazon Natural's online critics have taken issue with many of the company's press releases outlining products that never made it to market and revenue goals that never came true.
In January 1997, shortly after its stock began trading publicly, the company announced that it had developed "a cream protection against AIDS." The release said the company "is making all necessary arrangements for FDA approval."
Mr. Sylver says the company hasn't sought Food and Drug Administration approval for the cream -- which he says is "also a spermicide and it will stop any other sexual diseases" -- because it has been busy defending itself against the short-selling campaign. Winning FDA approval is complex and costly, and requires studies of a drug's safety and effectiveness. Mr. Sylver says the product has been tested on humans in Brazil.
Message 10369171
I guess if we can point to one thing Flores did "wrong", it appears that he tested it on patients in Spain and made his work public, rather than choose Brazil and keep his work secret like Loricchio. Oh well, live and learn (gg).
- Jeff
;^) |
