Biotech for less than a buck. Message Board

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Biotech / Medical : Biotech for less than a buck.

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To: BulbaMan who wrote (600)	8/22/2000 10:40:17 AM
From: RWReeves	Read Replies (1) of 743

For your consideration, (Imagine Rod Serling) I present SOMN. Medical device co. Smallish, but approved device that is gaining sales and distribution. Too small to go it alone I think. Recently spanked by and FDA 483 (GMP manufacturing vio's) but they can fix this. What do they do? They Ahhh... lets say they toast flesh in-situ using radio frequency AC. Gah! Yes I know, not for the squemish, but med dev is often like that. In this case it is a FAR less invasive outpatient procedure some that moves patients through a clinic not a hospital for oral/nasal surg like tonsil reduction (not removal). I like that cost driver. They have about $1.38/shr in cash and are going for 2 bucks so the whole technology is being valued at only 8-9 million(0.6 x 14 million shrs.= 8.4 million $) if these numbers are correct: siliconinvestor.com Take a look at the SI board, recent news, the whole DD thing. Buying at around 2 target 4 possibly 6. Its been up to 4 on news recently. Caution-thin-ish market, use limits if you do invest. Disc: I bought a small position last week, been watching it for over a year. AQLA got munched and too cheaply. Sigh. Other LT10B fodder candidates: SNAP MCDE SCIO BONZ FOCL BITI VVUS LSCP I hold about half of these currently and may trade in them at times just for ST amusement while waiting for this soggy market to dry out. RWR

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