Bio-Reference Labs (BRLI) Message Board

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Biotech / Medical : Bio-Reference Labs (BRLI)

BRLI 4.700

-44.0%

Dec 22 4:00 PM EST

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To: James Fulop who wrote (25)	6/17/1997 7:29:00 AM
From: Bucky Katt	of 223

JF--As for the warrants--brliw exer @$4.50 and brliz exer @$6.75. The w's have 3.11 mil, and the z's have 1.04 mil outstanding. I own both. If I had to only have one, I'd take the w's. As for the price, brli was over $6.00 2 years ago. The w warrants were as high as $3.00. Don't see any reason they shouldn't retrace, as obviously the co. is better now than it was then. Remember, this is not an easy business to get licensed and permitted for. So, that means a big barrier for competition. And, they have a book value of $2.00. In this market, this stock is very mispriced. WJ

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