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Biotech / Medical : Micrologix biotech

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To: Graham Dellaire who wrote (658)	2/10/2000 8:41:00 AM
From: Larry G.	of 792

Graham you could be right and actually some of the other biotech stocks have done better than MBI. I have been watch BRA since it was $3.00 and it is $15 now. I wish I bought. The TD Securities analyst (who is very conservative) raised it 12 month target price from $4.50 to $10. Yorkton is coming out with a major report this week or very soon. Their analyst is not going to change with last minute market movement. I am glad we both agree with long term projections. The way stocks move it is any ones guess short term. You may be right and I may be wrong but one news article and the stock flying and I do not want to be left out if it does happen. When I first wrote to you about MBI we were very excited about the systemic use of MBI's drugs and a 33 billion dollar target market. MBI is not talking about that market but they are still working in that area. Their agreement with PENCE will yield something eventually. MBI chose to develop topical drugs because they are very fast getting through FDA studies. Once one of these drugs are past they will have a cash flow and they can develop a lot of drugs. Their first drug (MBI 226) could have a potential of 1 billion dollar sales and if they get it past phase 3 by themselves they could 30 to 50% royalty. There is risk but if MBI gets 50% royalty on 1 billion dollar sales, that would be earnings of $15 dollar a share. Graham you can trade and make a buck here and there but you may miss the big stock movement but fooling around. A lot of people just do not understand what happening but eventually they will figure it out. I like MBI's cabinet full of potential drug. Once they get a cash flow, who knows where this stock will go. Have a good day.

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