Bio-Chem Pharma (BCHXF) Message Board

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Biotech / Medical : Bio-Chem Pharma (BCHXF)

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To: Adrian Wu who wrote (1)	7/26/1996 10:54:00 PM
From: jbershad	of 43

Adrian I am delighted to get a reply from somebody as you that knows what is going on. Only 14% of glaxo's sales goes to BCHXF. I have an investment banker here in NYC called Hambrect and Quist. I have been very successful with their advice to date.They have supplied me with much research on this stock. I will get back to you by Sunday and see if I can answer some of your questions. The stock was up 1.75 today coming off its sell off price. Quiet and stable volume. H&Q in a broker's conference call claimed the stock was going to $65 today. Predicted the Co. would be a cash cow. I can call the Co. analyst and ask him questions. The latest 2nd quarter for BCHXF net income was 4.1 million canadian dollars or $0.08 per share (eight candian cents.) There are some pretty sharp fund managers who have researched the stock and are buying it and some planning. The stock has come down for reasons you have mentioned. Also a patent has just been granted to Emory Univ. for the pure 3TC. If it is valid (And I don't think it is because BCHXF has a composition of matter patent on all substances in mixture dicovered by BCHXF chemist.) It will only amount to 2 or 3% of the 14% BCHXF receives from Glaxo. People are so afraid and down on this stock. Despite enormus selling pressure adverse and misunderstood facts so far itis holding. Lets watch the stock and discuss it. I will get back to you Sunday. Jerry

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