Zonagen (zona) - good buy? Message Board

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Biotech / Medical : Zonagen (zona) - good buy?

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To: CRISCROS who wrote (6983)	9/29/1999 9:21:00 PM
From: Tatnic	Read Replies (1) of 7041

>>>Because they have plenty of it. Lets say they only buy back 1 million shares @ an average price of $6.0/share that is only $6m they will still have 40m CASH that is more than most company's listed on NASDAQ. Today I will start to accumulate shares wish me luck. 10,000 should be a good start @ these levels<<< It's so sad to see someone piss away $30k on the premise that a cash burning company will buy back stock. Keep in mind they need that cash to stay alive...but I'm guessing even that won't keep them out of bankruptcy too long.

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