AVIGEN(avgn) Message Board

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Biotech / Medical : AVIGEN(avgn)

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To: Tom M who wrote (34)	5/29/1997 1:19:00 PM
From: Czechsinthemail	of 228

Tom, Thanks for the reply. I'd have to say a move to 12 in the next three months is pretty optimistic! Clearly the price action on this company has been awful, but it hasn't been great for many of the small biotechs. Certainly insider buying of the stock would be nice, but what I'm trying to get a feel for is whether management has the right stuff to make this company work. I think the science looks good, but I'm not sure they have the cost-consciousness to conserve and utilize resources well. I'd say the jury is still out on that. Some companies have visionary management deeply committed to having the company succeed no matter what. Others don't. My guess is that this company is probably at or near bottom, so the downside risk seems relatively slight compared with the upside potential. And the small capitalization means almost any good news, especially a partnership, could really give the stock a major bounce. I'm in it in a modest way, willing to test the waters and see what this company and its management are made of. Let's hope they can figure a way of taking the company and its stock on a more positive ride. Baird

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