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Biotech / Medical : Micrologix biotech
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To: Graham Dellaire who wrote (650)2/7/2000 5:42:00 PM
From: Larry G.  Read Replies (2) of 792
 
Hi Graham,

Sorry you sold some MBI. I am still holding everything and have been buying but I do not have any money left so I could not buy very much more.

I hope you are wrong on MBI falling to $3 and $4. I am not selling unless the price of MBI goes crazy. You know a lot about biotech and I wish I took some of your advise in the past. But in news release MBI states concerning acne drug, they plan to be in phase 2 in second half of the year. I am hoping phase 3 is shorter too.

If we have a major correction in stock market then MBI will fall but other wise my guess we will not see those prices again. Only higher.

MBI has 2 year supply of cash. That concerns me. I hope when they hit $15, they do another financing for 2 million shares. Then they would be in very good situation.

Have a good day and I am glad you held some.
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