Isolyser (OREX)- Any comments Message Board

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Biotech / Medical : Isolyser (OREX)- Any comments

OREX 0.223

-34.4%

Apr 3 5:00 PM EST

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To: Martin A. Haas, Jr. who wrote (455)	6/23/1997 11:31:00 PM
From: RGM	of 617

I apologize that I was emotional when I sent that message. The new CEO, formerly a consultant on the board, I found out is a personal friend of Bob Taylor. He took over during May so the results of his efforts for a month and a half are not going to show up in the 2nd quarter numbers. Does anyone know about this new CEO's background? I live in the same county as Isolyser. I am going to give a friend of mine a call tomorrow to hear what he has to say about Isolyser now being at $3 a share. My friend is a retired insider who holds megabucks of OREX stock options. I could not pass up the opportunity this afternoon. I bought 2,000 shares of OREX at $3 1/16 to bring down my average cost to $4.80 a share. Gosh, the darned company has a book value per share of around $4.50. My gut estimate is if this new CEO is a doer and effective, Isolyser will be at least $6 a share. After taking a bunch of deep breaths, I felt my downside risk at around $3 a share was worth taking the risk. Maybe I'm crazy. I'll let this thread know what my friend has to say if I am able to contact him.

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