MDCO: Medicines Company Message Board

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Biotech / Medical : MDCO: Medicines Company

MDCO 84.90

0.0%

Jan 6 4:00 PM EST

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To: Mike who wrote (94)	7/31/2003 9:03:39 AM
From: Mike	Read Replies (2) of 125

Something I just posted on the MLNM board. Thought the board maybe interested. To:Richard Harmon who wrote (1747) From: Mike Thursday, Jul 31, 2003 8:59 AM Respond to of 1750 Richard, I remember you from the days back when I was investing and talking with Dr McNamara. Remember the investment GLIA? I am sure you do. I was a major supporter follower of this stock and made some very good money on the stock. I sold GLIA around the time the dural tears were rumored to causing problems with Adcon. I am also a very honest individual and I think full disclosure on posts are important. I am not short MLNM stock. I am long MDCO stock. So take my post only as a point of view. But if you save this message til Jan '04 I bet you I will be found to be correct in the information I am presenting. Well let me tell you one thing I have learned since the long term shareholders were left holding the empty bag for GLIA. As I stated I sold out of GLIA at $26. The product,science,market for a product don't mean shit when you have unethical management. It's all the management sometimes for an investment and the product does not matter. I am not in anyway saying that MLNM management is similiar to GLIA's bag of shit crowd. But let me tell you that I don't believe a goddamn thing the management of this company states. The decision and what is happening with Integrilin sales is not been fully told. Prior to the March 2003 end of the quarter MLNM management stuffed the wholesalers full with Integrilin. Just take a look at the reports for this past qtr. The growth that was attributed to Integrilin sales was due to the fact the wholesalers has over TWO MONTHS of product in the warehouses. Now we have Integrilin sales on a major downward path and the warehouses are still full. That stuff from March now would almost appear to be THREE months of sales of Integrilin. Mark my words Integrilin sales are not even close to hitting the skids yet. Following TCT you will see a miserable qtr for sales of Integrilin. So I agree with you that Yahoo style posts should not be tolerated. But to turn a blind eye to questionable management is to not be a good investor. I just hope you don't have a large position or that the Velcade will close the gap in sales. I don't think this will happen and I think fair value on MLNM is below $10. Mike

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