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Biotech / Medical : Vion (formerly Oncorx) interesting play on Gene Therapy
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To: Jim Oravetz who wrote (286)10/25/2002 1:49:28 AM
From: Dave   of 370
 
Strange, but that press release doesn't suggest any possible basis for an appeal of the delisting. But the question is moot. A thousand VION shares sell for $250, and you have to pay $60 to a discount broker like Charles Schwab for each thousand shares you buy and sell. That's a 24% hit for placing a bet on a company that's going to be delisted and whose cash reserves will be dry before it has a chance of seeing any more capital. And you'll pay more at a full-service broker like Merrill "trust us would we lie?" Lynch.

Dave
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