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Non-Tech : Bill Wexler's Dog Pound
REFR 1.623-12.1%Nov 17 3:59 PM EST

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To: LiPolymer who wrote (6383)1/27/2000 9:39:00 AM
From: Bill Wexler  Read Replies (1) of 10293
 
They did it with Zonagen. In the face of incontrovertible evidence that Phentolamine (a 50 year-old generic medication) did not in no way, shape, or form cause erections - even when injected directly into the penis - a CIBC "analyst" issued numerous false reports urging a "strong buy" of Zonagen shares based on ludicrous prospects for Zonagen's fraudulent oral medication for Erectile Dysfunction...a medication whose sole active ingredient was Phentolamine. Even though these reports stressed Zonagen's patents for their pill formulation and 9-figure revenue projections, not once did they mention that even Zonagen's own clinical studies demonstrated the pill was no better than placebo.

Based one these reports, I figure small investors got taken to the cleaners to the tune of roughly $300 million.

Valence's fraudulent battery technology and unethical management will eventually be its undoing as well.
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