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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product
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To: Doug Bean who wrote (1461)10/22/1999 6:13:00 PM
From: Doug Bean  Read Replies (1) of 1837
 
wow! little did we know that DRMD was on the verge of being out out of business.
If Solvay had not come to the rescue this lawsuit settlement would have bankrupted them and we would all be out the ful sum of our investments.
The management of DRMD has led us astray and violated a contract agreement to the point of almost if not the entire sum of solvays investment in DRMD. We wil not see the benefit of one dime of that investment. Instead it will go to pay for the fraudulent business practices that the management chose to use.
i am incensed. Several thousands of dollars of each of our investments is gone due to managments practices. Profits for perhaps years to come are given away to make up for managements decision to try to cheat another company.
I may or may not stick around. DRMD should still make money but this pushes the returns way out. I will be very interested to see what happens to the price come monday. I may be among the sellers.
CRDoug
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