Shaman Pharmaceuticals has been moving on big, relative, Message Board

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Biotech / Medical : Shaman Pharmaceuticals has been moving on big, relative,

SHMN 0.000900

-10.0%

Jan 30 9:30 AM EST

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To: Daniel Shaffer who wrote (821)	4/20/2001 9:22:02 PM
From: JMarcus	of 838

I'd been away on vacation all week and hadn't noticed that the 10K was filed on April 17th. biz.yahoo.com I see that the company realized $1.1M from the assignment of their master lease. One of the reasons for filing the bankruptcy was to get control over the right to assign their below-market lease and realize a profit on it. A Plan of Reorganization will be filed in the second quarter of this year. Part of the plan is to sell certain assets, including "Shaman's public shell and associated net operating losses, pharmaceutical and dietary supplement patents and trademarks, plant material and rights to products currently in the product development pipeline. . . . Unless we are successful in our efforts to sell both tangible and intellectual property assets, we will be unable to fund our current operations beyond May 2001 . . . ." I couldn't find anything in the 10K that spoke about any upside potential for existing shareholders. Marc

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