IPIC Message Board - Msg: 1969306

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Biotech / Medical : IPIC

IPIC 0.0001000

+899.9%

Aug 15 3:35 PM EST

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To: coop who wrote (563)	8/14/1997 8:55:00 AM
From: Graham Marshman	of 1359

That's more or less where I'm coming from. IPIC is trading at 12 x sales, 6 x book - way over-priced for the current flat Redux business. The value is all in the potential earnings of citicoline and other new products. So this earnings report is nice, in that they're digging the financial hole a little slower than expected, but not critical to the core value. The only date I've heard is application by the end of 97, which I believe is done. Any guesses out there? Graham

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